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THIS PROPERTY OFFERS TWO HOUSES. Welcome to 1705 Wampanoag Trail, a unique property offering views of Hundred Acre Cove and an exceptional opportunity for a family compound, rental income, or an in-law alternative. This is an enticing prospect for those seeking a versatile investment. Situated on over an acre of well landscaped land with mature plantings this property offers two separate homes. The Ranch allows for the convenience of single-level living and includes a separate 1 bed, 1 bath in-law apartment. This house has an open floor plan with two large bedrooms each with a full bath, along with an expansive deck accessible from the kitchen via a sliding glass door. The 2-story yellow house offers 3 beds and 1. 5 baths, as well as a two-car garage and central air. It has provided consistent rental income, adding value to the property. Privacy abounds on this compound, yet it's conveniently located within a 10-minute drive to Barrington Center and a short distance to Downtown Providence. This is a rare opportunity, as the property has not been on the market for over 40 years. The taxes reflect both properties. Don't miss the chance to own this captivating property with endless possibilities.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $1,131 | $1,131 | $1,131 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,491 | $4,799 | $6,510 |
Total Monthly Payment | $5,714 | $6,022 | $7,733 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.