One of WEEKAPAUG'S true icons is being offered for sale for the first time . . this quintessential home has been loved for over three generations and awaits a new family to create their beautiful memories as this family has. This ideal location is immersed in privacy while enjoying fabulous views of the Atlantic Ocean and beyond to Block Island . Magnificent unobstructed views of The Fen' which is 4. 5 acres of natural habitat for birds and is surely a magical setting evoking an immediate sense of serenity. This quintessential home has three levels of living space with three bedrooms and two extra sleeping areas (which you will need)because everyone wants to come to the beach! Get ready to recreate this into your own dream and make memories that will last a lifetime. Enjoy the best that the private community of Weekapaug has to offer, including 8 tennis courts (grass and clay), croquet, a yacht club and access to Quonnie Pond for sailing-boating-kayaking- paddle boarding! This beloved enclave has gorgeous stretches of beautiful beaches & is just a stroll to gorgeous Fenway Beach. . Grab coffee at the Inlet with fresh scones and great breakfast sandwiches. It's no wonder why everyone loves to call Weekapaug home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,541 | $1,541 | $1,541 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,898 | $17,240 | $23,251 |
Total Monthly Payment | $17,564 | $18,906 | $24,917 |
* 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.