Discover an incredible opportunity in the highly sought-after Villages on Mt Hope Bay. Located on Village Road, this light-filled Sakonnet-style townhome offers a prime location within walking distance to the clubhouse, providing stunning western water views and beautiful sunsets. Ideal for entertaining, this unit offers a beautifully designed kitchen that flows into an open-concept living room with a gas fireplace and formal dining area. The main level showcases a spacious primary bedroom with an ensuite bath, a convenient laundry area and a private office off the entrance foyer. Upstairs, you'll find an additional bedroom suite with a walk-in closet and a family room with balcony views, perfect for accommodating guests. Enjoy the cool ocean breezes from your deck as well as from your private walkout stone terrace. The Villages on Mt. Hope Bay, a gated 55+ community, provides exceptional amenities, including a clubhouse, swimming pool, tennis courts, hiking trails, a fishing pier, a dinghy dock, and an upscale restaurant. Professionally managed and conveniently located off RT 24, with easy access to Providence, Boston, and just a short drive to Newport or Bristol, this community ensures both luxury and convenience. Not to be missed schedule your private tour today! Estate sale.
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Our Executive Mortgage Banker:
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$895,000
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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $701 | $701 | $701 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,844 | $4,235 | $5,898 |
Total Monthly Payment | $4,637 | $5,028 | $6,691 |
* 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.