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Step off your deck onto the sand from this charming oceanfront cottage, located within the gated community of Roy Carpenter's Beach. With its inviting open floor plan, vaulted ceilings, and breathtaking ocean views, this retreat offers the quintessential beach lifestyle. Enjoy the convenience of an outdoor shower and changing room, as well as a spacious deck with views straight on to Block Island; perfect for relaxation and entertaining. Located in Matunuck, Rhode Island, this cottage is within walking distance of beloved local attractions such as Theater by the Sea, The Vanilla Bean, and The Ocean Mist. The interior features 2 bedrooms plus a loft complete with full size bunk beds, 1 full bathroom, and a remodeled kitchen with elegant white shaker cabinets and granite countertops. Ample storage space is available in the attached shed for beach chairs and bicycles. Available partially furnished. Experience the nostalgic charm of Roy Carpenter's Beach with its community activities, including bingo nights, block dances, concerts, craft nights, and more. Occupancy is permitted from May 1st through October 15th, with dawn-to-dusk access the remainder of the year. Please note, Roy Carpenter's Beach is an owner-occupied community; rentals are not permitted.
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$399,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
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 | $184 | $184 | $184 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,122 | $2,737 |
Total Monthly Payment | $2,383 | $2,381 | $2,996 |
* 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.