New to the market! Imagine living in this stylish, light filled, open concept home with three levels of versatile living that can seamlessly accommodate multi-generation living or houseguests!! This 55+ community of Winnapaug Cottages offers the carefree living of a condominium but the privacy and amenities of a private home! There are two bedrooms and two baths on the main level with a unique, not often found, upper level retreat offering flexibility as a family room or cozy additional sleeping space with an adjoining TV room! There is also a bright and airy lower level boasting a large and ample sitting room, additional sleeping space, a full bath, a kitchenette, large windows and an outdoor patio to a private terrace with serene views of the Westerly Land Trust woods. A two car garage and an outdoor shower complete this fully equipped home!
Strategically located between two of Rhode Island's finest resort areas, this home offers easy access to stunning beaches and local amenities. As an owner, you can join the Champlin Woods Club, enjoy access to the heated saltwater pool, exercise facility and Club Room. Or if hiking is your choice, there are miles of trails just steps away from the house! Your new carefree home awaits you! Easily accessible from Boston and NY by train!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,415,000
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 | $1,132,000 | $1,132,000 | $1,132,000 |
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 | $636 | $636 | $636 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,077 | $6,696 | $9,325 |
Total Monthly Payment | $6,838 | $7,457 | $10,086 |
* 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.