New listing, Summer weekly rental avaiailbe 7/26-8/3 the rent is $7500 and June, July and Aug weeks. This charming beachfront home is located on a private one mile stretch of white sand beach. The interior features an open living/dining area with picture windows to take in the views of the Harbor of Refuge and distant Block Island. A large, private deck, that is set back from the dunes, comes complete with outdoor furniture and a gas grill. Private sandy path to the beach. It's the perfect spot for taking in the beautiful sights, sounds and smells of the salt air! There is a cabana area located in the garage with a full bath (stall shower) and changing room. Walk to near by Port of Galilee where you will find shops, ice cream, restaurants, fish markets and Block Island Ferry. Tenants are not allowed to use the fireplace. SMOKING AND PETS ARE STRICTLY PROHIBITED. Rhode Island's shoreline access bill was signed in June 2023 and clarifies that the public's right to laterally access the shore up to 10 feet landward of the visible high tide line ( the line that is recognized by seaweed, shells or other debris left by the tide)
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Our Executive Mortgage Banker:
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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 | $6,000 | $6,000 | $6,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $41 | $40 | $51 |
Total Monthly Payment | $116 | $115 | $126 |
* 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.