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1663 Victory Highway, Coventry, RI, 02827 | $220,000
Prime opportunity on Victory Highway! This expansive 2-acre lot (parcel COVEM310L40) offers an excellent canvas for your dream home or investment in the heart of Coventry / Greene. While the existing dwelling (1, 140 sq. ft. , 3 bedrooms / 1 bathroom, built in 1938) is present, it is best viewed as a tear-down opportunity think of this as a chance to start fresh, reimagining the site to maximize its tremendous lot size, ideal location, and surrounding character. Situated along Victory Highway (RI-Route 102), you're just minutes from local amenities, schools, and the beautiful New England countryside. The zoning is R-5A, giving flexibility and clarity as you plan your next move. The generous lot provides abundant frontage and space for a well-sited new structure, landscaping, and accessory uses. With excellent access to surrounding roads and services, utilities already in place from the prior structure, and the ability to design a property tailored to your vision, this is an ideal opportunity for someone looking to build new and capture both privacy and convenience in a desirable part of Rhode Island. Don't miss the chance to own two acres of prime land and begin with a clean slate to create something truly special. Property sale subject to probate approval.
Features
- Rooms: 5
- Bedrooms: 3
- Baths: 1 full
- Style: Cape Cod
- Year Built: 1938
- Garage: No Garage
- Heating: Oil,Steam
- Cooling: None
- Basement: Interior Entry,Partial,Unfinished
- Approx Sq. Feet: 1,140
- Acreage: 2
- Est. Taxes: $3,710
- Appliances: Electric Water Heater
- MLS#: 1394143
- Website: https://www.raveis.com
/prop/1394143/1663victoryhighway_coventry_ri?source=qrflyer
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William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@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
1663 Victory Highway, Coventry, RI, 02827
$220,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $176,000 | $176,000 | $176,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.571% | 6.533% | 5.668% |
| Monthly Tax Payment | $309 | $309 | $309 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,041 | $1,098 | $1,426 |
| Total Monthly Payment | $1,425 | $1,482 | $1,810 |
* 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