New construction open concept- 3 bedroom - 3 full bath open floor plan home with stunning views of Mt. Hope Bay all views are West facing with beautiful sunsets - from the living room, kitchen, dining room, and deck, Located in Sakonnet River neighborhood this open floor plan home has large windows with views of Sakonnet River, Mount Hope Bridge and Sakonnet Bridge. New appliances in kitchen with a large quartz island that seats six. Two bedrooms on main level including the primary with en suite large walk-in shower and double vanities, walk-in closet. Third bedroom or office on ground level with a large and light-filled family room and third bath. Integral two stall garage with tall ceilings and built-in workbench. Plenty of closet space throughout this home; central air; large deck and large grassy yard. New septic, connected public water, central AC, central heats, new windows, new roof, new electric and new plumbing! Easy access to Route 24 and 195; 20 minutes to Newport, 25 minutes to Providence; near restaurants, marinas and beach and on a private road 22 Prospect Street. FOR GPS use 23 Prospect.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $105 | $105 | $105 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,957 | $3,908 | $4,973 |
Total Monthly Payment | $4,154 | $4,105 | $5,170 |
* 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.