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This lovely Royal Cottage sits on Sunset Lake with 3 beds and 3. 5 baths. A perfect home for entertaining with screened porch adjacent to expansive great room. The home features an open kitchen, spacious living & dining areas, a den/office, two fireplaces, en-suite bedrooms, walk-in closets, and a first floor primary suite. The large lower level w/high ceilings can be finished to suit your needs. A private courtyard, and mahogany back decks offer wonderful outdoor spaces to enjoy with family and friends. Conveniently located steps from the the Aquidneck Club, a Private Golf and Country Club nestled along Narragansett Bay on 425 acres. The Club features a world-class 18-hole Scottish links golf course, a 41-slip marina, an elegant club house w/a dining room & bar a spa and fitness center and tennis. Residents are eligible to apply for membership but not required. The location offers easy access to Newport and only an hour from Boston. The residence is ideal for year round or seasonal occupancy.
Schedule an appointment to come see this stunning home.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
| 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% | 5.952% |
| Monthly Tax Payment | $1,155 | $1,155 | $1,155 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,868 | $11,967 | $16,575 |
| Total Monthly Payment | $12,148 | $13,247 | $17,855 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.