Presented byKaterina Liapis |
This beautiful modern farmhouse can be built for you by Meridian Custom Homes. Located in the established neighborhood of Slocum Woods, in Saunderstown North Kingstown. The final phase of this neighborhood, Explorer is a quiet cul de sac. Conservation land surrounds this property and a short trail across the street brings you right to the water's edge. Slocum Woods is known for well maintained homes, sidewalks, and underground utilities, including natural gas.
Enter your new home on a mahogany front porch with columns. A spacious open layout offers plenty of natural light, 9' ceilings with interior transom windows on first floor. First floor home office. The master suite includes an oversized walk-in closet, spa bath, double sinks, and a tile shower. Cathedral ceiling great room with a wood burning or gas fireplace flanked by custom built-ins. The beautiful open concept kitchen features an expansive island for entertaining. Hardwood flooring throughout. Laundry and mudroom conveniently off the garage. Large rear deck. The list goes on! Similar home model is available for showing by appointment. This is the opportunity you have been waiting for. Be involved as much or a little as you want to customize this home to your specific taste. This location allows for easy access to Narragansett, Newport and Providence. Taxes and assessment are based on vacant land. These photos are of previously built homes and may depict additional features not included.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,079,500
Personal Assistant
William Raveis Real Estate
Phone: 617.893.2186
Katerina.Liapis@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $863,600 | $863,600 | $863,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.851% | 6.664% |
Monthly Tax Payment | $2 | $2 | $2 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,247 | $5,601 | $7,523 |
Total Monthly Payment | $5,374 | $5,728 | $7,650 |
* 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.