Sited on a 12, 500sf corner lot in an R2 zone with frontage on both Mt. Pleasant Ave. and Beaufort St. , this versatile property offers so many possibilities. The home itself is sited forward on the Beaufort side of the lot and has 4 floors of finished space. The first floor has 9+ ft ceilings, original woodwork, updated kitchen and bath, fantastic floorplan and access to a back deck, front porch, and finished basement. The basement has a walkout off the back, finished walls and flooring, electric heat and a full bath, along with common laundry and the 2 heating systems and 2 hot water tanks. The second unit encompasses the 2nd and 3rd floors and also has the same beautiful wood flooring, high ceilings, access to private deck and replacement windows. With a recently replaced 50 year roof with transferrable warranty, aluminum siding and replacement windows throughout, the house is spacious and well cared for. The lot is one of the largest lots in the neighborhood and has the potential to be subdivided, yielding a potential second lot with frontage on Mt. Pleasant Ave. , near the detached garage (buyer to do their own due diligence to confirm this). With land at a premium, even leaving it as-is gives a welcome park-like feeling in the middle of an urban setting. The location can't be beat: 7 minute drive to downtown Providence, easy access to I95 and area trains to Boston. Close to Prov College, Brown and RISD, waterfire, area dining, hospitals and more.
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$689,000
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 | $551,200 | $551,200 | $551,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $242 | $242 | $242 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,349 | $3,349 | $4,356 |
Total Monthly Payment | $3,683 | $3,683 | $4,690 |
* 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.