***Offer Deadline 8/27/2024 AT 9AM*** This attractive residence features three bedrooms and two and a half bathrooms, providing ample space for comfortable living. A stunning gunite pool complements the extensive, well-maintained backyard, creating an ideal setting for relaxation and gatherings. Two versatile living areas provide endless possibilities, whether you envision a formal dining room, a playroom, or even converting one into a first-floor bedroom. The flexibility of these spaces allows you to tailor your home to suit your lifestyle and needs. Adorned with resilient vinyl cedar shingles, the exterior exudes charm, while the interior is equipped with a modern furnace and hot water heater, ensuring energy efficiency. The property includes a Roth oil tank and contemporary composite decks for outdoor enjoyment. Moreover, there is potential to transform the area above the garage into an in-law suite, adding extra versatility to the home. With a two-car garage and a prime location near picturesque beaches and the lively Newport scene, this property truly embodies the best of Rhode Island living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$830,000
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 | $664,000 | $664,000 | $664,000 |
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 | $651 | $651 | $651 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,565 | $3,928 | $5,470 |
Total Monthly Payment | $4,308 | $4,671 | $6,213 |
* 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.