Welcome home to your secluded and sprawling 4700 SF colonial with 4 bedrooms, 4 full bathrooms and 2 half baths. The expansive property custom built by the current owner has 2 heated garages for up to 6 cars, radiant heat in the main and infrared in the 2nd. A two car garage is attached to the main dwelling and the detached 4 car garage has a full gorgeous in-law apartment above. The property sleeps up to 15 people with bedrooms, couches and in-law apartment / game room. The in-law apartment boasts a pool table, shuffleboard, darts, gas fireplace, kitchen and full bath. Store luxury cars or boats in your temperature controlled 4 car garage with custom flooring and television set up. Just over one acre of wooded seclusion, outdoor shower, several decks and circular driveway with a sprinkler system that has its own well for expense free watering even during mid summer water bans. Other outstanding features include: top of the line Buderus furnace and water heater, alarm system, including the 2nd garage, heavier 12-gauge electrical wire throughout the entire house, maintenance free Azek and Trex outside trim and decking. The home is located minutes from the beaches of Misquamicut and Watch Hill.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,549,000
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 | $1,239,200 | $1,239,200 | $1,239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.987% | 6.234% | 5.805% |
Monthly Tax Payment | $747 | $747 | $747 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,939 | $7,530 | $10,208 |
Total Monthly Payment | $7,810 | $8,401 | $11,079 |
* 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.