This move-in ready 2-bedroom, 2 bathroom home on Boone Lake offers an incredible lifestyle. Located on one of Rhode Island's cleanest, spring-fed lakes, the property also borders over 400 acres of preserved land with serene trails right at your doorstep. Enjoy boating, kayaking, fishing, and private access to the beach and boat ramp. Boone Lake is known for excellent fishing with largemouth and smallmouth bass, and various trout species. Just minutes away Arcadia Park offers winter activities like skiing, snowboarding , and tubing. Hikers and anglers will find this area a dream come true, and while being conveniently close to the highway. inside, the second -floor master suite boasts a beautiful porch with stunning water views. The first floor features a living room, dining area, updated kitchen, bedroom, full bath, and a sunroom filled with naturale light. Recent home improvements include mini splits for cooling and heating , a well insulated structure , a 6 years-old roof, and a newer septic system. One of the three sheds on the property offers plenty of electricity for a workshop or a hot tub. Opportunities like this are very rare, make this lake home yours today!
For more information on lake rules and regulations please visit their website.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,999
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 | $319,999 | $319,999 | $319,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $321 | $321 | $321 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,127 | $2,699 |
Total Monthly Payment | $2,524 | $2,522 | $3,094 |
* 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.