I am writing back to tell you about a unique opportunity.  In Rhode Island, there are currently 10 properties listed in the Multiple Listing Service for under $225,000 with the 5+ acres of land necessary to raise horses or other livestock .  Of these properties, three are mis-labeled by the realtor and not even close to 5 acres.  Several of the others are in need of considerable work, and only one offers the following:

1. Move in Condition
2. Oversized (30' x 38' with 3 bays) Garage
3. A barn that has been actually used to hold horses
4. completely fenced to keep dogs and farm animals contained

46 Cucumber Hill Rd in Foster, RI is that home, and is currently for sale for $219,000.

I have talked to Violet Krikorian at Coastway Community Bank and came up with the following numbers:

 

Sell price of $219,000 with closing costs included

3 1/2% down payment of $7665

 

Monthly payment

$1082 - Principle and Interest

$  148 - PMI

$  262 - Real Estate Taxes

$    80 - Estimated Insurance

$1572 - Total

 

Considering that it costs $200 - $300 per horse to board, and that most people are paying $1000 to rent a house or apartment...Maybe you CAN afford to own a farm!!

 

If you would like to see this truly unique Property, please click on the following link to see a YouTube video:   46 Cucumber Hill Rd - Horse Farm

 

I can be reached at 401-439-3634 to answer your questions

Violet Krikorian from Coastway Community Bank can be reached at 401-265-6014

 

Please tell your friends about this opportunity.  I look forward to showing and selling this wonderful property.   

 

 

John Risica

REMAX 1st Choice

john@WeLoveLofts.com