Presented byPamela Heroux |
Enjoy all that Aquidneck Island has to offer from your year-round, easy living condominium. Prime location provides access to beaches, downtown Newport, Navy base, parks, and shopping. This North Fenner Lodge condominium boasts light filled spaces, a private patio for seating and grilling, a small deck off the living room, generous storage, and a designated secure place for your beach toys and bikes. The hardwood floors and unique angles add to the Lodge's character. With 2 assigned parking spaces adjacent to the unit, ample guest parking, and all the conveniences to make the most of your free time including in unit washer/dryer, dishwasher, built in microwave, and a garbage disposal, this unit makes for a great owner-occupied residence or a highly desirable rental. Add in municipal water, sewer and trash collection along with newly installed James Hardie fiber cement siding, and you can spend time enjoying the island worry free. Low HOA fees include water, sewer, landscaping, and snow removal; combined with a healthy reserve, you'll enjoy financial peace of mind. Lots of options for furniture layout as the bedroom can accommodate a king-size bed or two twins and the kitchen has space for a dining table. This home is freshly painted and ready to go.
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Our Executive Mortgage Banker:
Our Insurance Division:
$349,900
Sales Associate
William Raveis Real Estate
Phone: 401.846.3800
Pamela.Heroux@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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $188 | $188 | $188 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,862 | $1,860 | $2,400 |
Total Monthly Payment | $2,125 | $2,123 | $2,663 |
* 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.