Sign in to comment!

Menu
Home

Odd News

Court: $1.8M waterfront home mistakenly built on Rhode Island parkland must be removed

A developer who mistakenly built a $1.8 million waterfront house on parkland has been ordered to remove it.

The Rhode Island Supreme Court found that the Narragansett home was built entirely on land owned by the Rose Nulman Park Foundation, and therefore must be removed.

The developer, Four Twenty Corp., began building the home in 2009, but it didn't discover the error until 2011. It argued it should not be penalized for an innocent surveying mistake.

The court said the park's property rights outweighed that.

Foundation lawyer Mark Freel says it's not known whether the unoccupied house can be moved or will have to be torn down.

He says the house has been there for a long time already, and it's time for it to go.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.07% -- 4.07%  
15 Y Fixed Graph 3.13% up 3.09%  
30 Y Fixed Jumbo Graph 4.19% up 4.14%  
5/1 ARM Graph 3.22% up 3.08%  
5/1 Jumbo ARM Graph 3.50% up 3.49%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% -- 4.32%  
$50K HELOC Graph 3.99% -- 3.99%  
$30K Loan Graph 5.00% up 4.99%  
$50K Loan Graph 4.36% -- 4.36%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.83% dw 2.85%  
36 M Used Graph 3.36% dw 3.38%  
48 M New Graph 3.15% dw 3.16%  
48 M Used Graph 3.00% -- 3.00%  
60 M New Graph 3.17% dw 3.18%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% -- 1.50%