Stone Acres - set on a cul-de-sac on six acres of protected land, is this brand new construction, 4-bed, three-and-a-half bath modern farm house. The entrance to the property is appointed with fieldstone walls. The residence provides an open floorpan with hardwoods and beautiful finishes throughout. Step inside to a foyer with center staircase and a private home office to your left. Follow front hallway to fire placed living room, dining and kitchen space that's open, inviting and ready for easy entertaining. Access here to west facing deck with gorgeous sunsets. Chef's kitchen with center island, stainless appliances and quartz countertops is home to an additional walk in pantry with plenty of charm and storage. Powder room and functional mudroom complete the first level. Second level is comprised of primary ensuite, 3 additional bedrooms, 2 bathrooms and a conveniently located laundry room. The full walkout basement has great possibilities for additional finished space as well. Easy commute to Providence, one hour drive to Boston, and short drive to historic Newport Harbor. Real estate taxes TBD. COMPLETION DATE MAY 2024.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,585,000
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 | $1,268,000 | $1,268,000 | $1,268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,807 | $8,330 | $11,221 |
Total Monthly Payment | $7,932 | $8,455 | $11,346 |
* 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.