WATERFRONT!! Welcome to Summer Winds. Completion Fall 2023. A coastal, custom home on the Sakonnet Passage where you can enjoy a half acre of waterfront living in Sea Meadow Farm. Stunning sunrises and moonrises over the water's edge. Open-living concept is ideal for entertaining, and a wall of glass doors allow entry to outdoor waterside deck. A gas fireplace adds the perfect touch for a sense of warmth and coziness on cool nights. A foyer, separate mudroom, pantry, and primary suite with laundry completes the first floor. A guest bedroom with en-suite bath, two additional bedrooms with full bath, and home office complete the second level. The unfinished bonus room and basement offers room to grow and could be added to the package for an additional price. The lower-level has a walkout that leads to the rocky shoreline and beach on the southern edge of the property. This location is perfect for the water enthusiast. Easy commute to Providence, one hour drive to Boston, and short drive to historic Newport Harbor. Real estate taxes TBD.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,753 | $15,941 | $21,202 |
Total Monthly Payment | $14,878 | $16,066 | $21,327 |
* 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.