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Presented by
Chip Swanson |
A hidden gem opportunity to live in a bespoke lakefront retreat surrounded by water. This Japanese inspired new home is located on Secret Lake in a beautiful natural setting. The house adorns modern quality custom, characteristics designed by a local architect with low maintenance metal roof, Japanese Accoya birch charred wood siding and walls of insulated glass. The kitchen has custom designed Alder wood cabinets, honed dark jade slate counter tops, Bosch appliances and nine feet ceiling height. The powder room has a slate vanity top. The large porch off the kitchen faces the lake with changeable glass and screening with a radiant heat floor. Wake up to the sunrise view in the primary bedroom with walk in and double closets. The bath features a walk-in shower, California hand painted tiles, an Asian TOTO washlet and double sink vanity. Enjoy peaceful moments, the sun setting and moon rise on the balcony accessed from the second bedroom. Excellent insulation, 2x6 framing, heat pump, central air, two 2nd floor split units for winter/summer comfort. Potential for extra square feet-3rd floor addition or enclose the 2nd floor balcony. Included is a stone patio and dock to access water activities, kayaking, paddleboarding, fishing and a pillared lighted stone wall, driveway, parking, studio for artist or office. Near Wickford Village, the ocean beach, incredible restaurants, shops and summertime events on Narragansett Bay in Newport. Winter rental income producing investment.
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:
$999,000
Sales Associate
William Raveis Real Estate
Phone: 401.742.1544
Chip.Swanson@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,200 | $799,200 | $799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $561 | $561 | $561 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,352 | $4,792 | $6,637 |
| Total Monthly Payment | $5,005 | $5,445 | $7,290 |
* 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.