Welcome to this delightful 2-bedroom, 1 bathroom residence offering a thoughtfully designed living space, perfectly situated on just under an acre of land, providing endless possibilities for expansion or creating your dream outdoor oasis. Step inside to discover a cozy interior, enhanced by a brand-new heating system and a newer roof, ensuring comfort and peace of mind for years to come. The property's generous lot size presents a rare opportunity in this desirable location, allowing for potential growth while maintaining a sense of privacy and tranquility. Enjoy leisure afternoons on your expansive and private enclosed porch, or take advantage of the extra outdoor space for gardening and entertaining. As a member of the exclusive Mautucket-By-The-Sea Association, you'll have access to parking at Green Hill Beach, perfect for those who cherish coastal living. This unique property combines the best of both worlds: a cozy, manageable home with ample room to expand, while close to Charlestown, Green Hill and South Kingstown Beaches. Don't miss your chance to own a piece of South Kingstown's charm and envision the possibilities that await.
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Our Executive Mortgage Banker:
Our Insurance Division:
$620,000
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 | $496,000 | $496,000 | $496,000 |
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 | $321 | $321 | $321 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,300 | $3,297 | $4,253 |
Total Monthly Payment | $3,713 | $3,710 | $4,666 |
* 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.