This 2023 custom home in Cole Farm with sparkling water views of Conimicut Point is a short ride to Gaspee Point, Rocky Point and waterfront dining and shopping. Two rear decks, one covered and one off the second floor primary, provide picturesque backdrops for all occasions. Step in through the main entry or the 2-car integral garage and find an open-concept design offering a gas-fireplaced living room, water-facing dining area, and high-end kitchen. A large center island provides ample seating, while stone countertops, a hooded range, and double ovens lend sleek style. Dual sets of sliders open out to the deck. A fully finished walkout lower level adds more modern spaces to suit your living, entertaining, or telecommuting needs and lets you step out to the lovely backyard. The 2nd-floor primary suite adds a well-appointed walk-in closet and spa-like bath featuring a dual-sink vanity, deep soaking tub, and large glass-enclosed shower. Walkout access to the deck creates undeniable tranquility. Three additional bedrooms share a dual-sink tiled bath to cap off this coastal gem. This home is part of a private community with access to a neighborhood beach, dock and mooring rights. With easy access to the interstate, it is just a 12-minute ride to the fine dining, arts, and entertainment in Providence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,095,000
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 | $876,000 | $876,000 | $876,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $354 | $354 | $354 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,112 | $5,465 | $7,451 |
Total Monthly Payment | $5,591 | $5,944 | $7,930 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.