40 Old North Road, South Kingstown, RI, 02881 | $1,350,000
This property consists of a main house and a large studio apartment above the detached garage. The property is truly magnificent - There is a detached 2-car garage with a workout room and a fully renovated studio apartment above. The studio is equipped with a kitchen, a bathroom, and a private outdoor stone patio. Located in the historic village of Kingston this Dutch Colonial has a European vibe. The gourmet kitchen in the main house is described as the "heart of the house" with an Ilve double oven & 7 burner gas stove; Carrara marble countertops, a large fluted ceramic sink with a DeVol aged brass pot filler, faucet, and knobs throughout. The kitchen leads to a beautiful sunroom with exceptional views of the landscape architecture, blue stone patio, pergola, raised beds, fire pit, and private fenced in yard. The main level also features a large living room with a wood burning fireplace leading to a dedicated office space/library, a private dining room, and a full bath with a rain shower. The 2nd level is comprised of 3 bedrooms, a reading nook, and full bathroom. This property is located in the charming village of Kingston, close to URI, and all of the beautiful beaches spanning from Narragansett to Watch Hill. Easy access to Boston & New York. This property has a very successful Airbnb and VRBO financial history. Check out the 3-D virtual tour. Call or text for more info.
Features
- Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Sidewalks
- Rooms: 11
- Bedrooms: 4
- Baths: 3 full
- Units: 2
- Year Built: 1927
- Garage: 2-car Detached,Garage
- Heating: Electric,Gas,Heat Pump,Steam
- Cooling: Ductless
- Basement: Exterior Entry,Interior Entry,Partial,Unfinished
- Acreage: 0.31
- Est. Taxes: $4,727
- Appliances: Dryer,Dishwasher,Electric Water Heater,Gas Water Heater,Oven,Range,Refrigerator,Range Hood,Washer
- MLS#: 1368628
- Website: https://www.raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
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40 Old North Road, South Kingstown, RI, 02881
$1,350,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
| Monthly Tax Payment | $394 | $394 | $394 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,048 | $6,650 | $8,968 |
| Total Monthly Payment | $6,567 | $7,169 | $9,487 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
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