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2 Lincoln Avenue, Lincoln, RI, 02865 | $424,999
Check out this two unit property located in the Saylesville area of Lincoln, this is conveniently located near highway access to rt. 146 / 95 / 295 and short distance to train station for easy commute to MA. The single family bungalow features three bedrooms and 1 bathroom, freshly painted throughout and beautiful refinished hardwood floors and with additional finished space in the basement, great for playroom, workout room and office space, it also has a separate laundry and utility area that can be finished as well. The second unit is its own separate building and is office space that has its own utilities, half bath, parking lot and is turnkey and features a full basement. Either rent it or run your own business out of it, or you can convert to studio apartment very easily. Whatever you choose to use the space for, it is a great opportunity for single family living lifestyle with having that additional income to support your monthly mortgage payment. FHA financing is available for qualified buyers, ask me how you can purchase this home! See MLS listing 1355185.
Features
- Amenities: Golf,Highway Access,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 8
- Bedrooms: 3
- Baths: 1 full / 1 half
- Units: 2
- Year Built: 1930
- Garage: No Garage
- Heating: Baseboard,Electric,Gas
- Cooling: None
- Basement: Full,Interior Entry,Partially Finished
- Acreage: 0.11
- Est. Taxes: $6,824
- Lot Desc: Corner Lot
- Appliances: Gas Water Heater
- MLS#: 1355188
- Website: https://www.raveis.com
/prop/1355188/2lincolnavenue_lincoln_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2 Lincoln Avenue, Lincoln, RI, 02865
$424,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $339,999 | $339,999 | $339,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
| Monthly Tax Payment | $569 | $569 | $569 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,319 | $2,260 | $2,915 |
| Total Monthly Payment | $2,963 | $2,904 | $3,559 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB