This newly constructed Beach House awaits your personal touches ! Built in 2024 this home offers a rare opportunity to purchase new construction in the highly sought after south Ocean Ridge Community. The first floor of this delightful home boasts a sunny and bright open concept living room, and kitchen with natural maple cabinets and stainless steel appliances. A bedroom and full bathroom complete the first floor. Upstairs you will find two generously sized en suite bedrooms with full bathrooms and walk in closets. Lovely large windows provide ample light and airiness. Luxury vinyl flooring throughout provides carefree beach living. A full basement with interior and exterior access provides for possible additional living space. Join the Ocean Ridge Civic Association for a nominal annual fee to enjoy amenities such as clubhouse and private Beach with pavilion on Green Hill Salt Pond, all within short walking distance. Rack storage is available pond side for kayaks, canoes, or paddle boards. A marina area provides access for small boat dockage. Enjoy social activities throughout the season at the pond side pavilion. This is the picture perfect summer home or get away for all seasons.
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Our Executive Mortgage Banker:
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$759,000
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 | $607,200 | $607,200 | $607,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $255 | $255 | $255 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,040 | $4,036 | $5,206 |
Total Monthly Payment | $4,387 | $4,383 | $5,553 |
* 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.