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Private Gem in sought-after Western Cranston!
Located off Hope Road at the end of a private paper road, this custom home sits on two lots totaling over 1. 72 acres. Boasting 4 bedrooms and 2. 5 baths, you can enjoy the luxury of a main-level suite and laundry room.
This home is essentially a new construction, as every component has been rebuilt from the ground up. Updates include:
* New septic system and re-poured concrete foundation
* New High-efficiency heating systems
* Modern infrastructure: All-new plumbing and electrical systems
* Exterior and structure: Thermopane windows, vinyl siding, and a new roof
Tastefully finished and move-in ready, the property offers incredible versatility. Come explore the potential buildable lot or imagine enjoying your morning coffee to the peaceful sounds of Furnace Hill Brook (note: no flood insurance is required*).
The existing shed overlooks the brook and features a beautiful patio with electricity already installed; it offers many potential uses, including a possible Accessory Dwelling Unit (ADU). In the meantime, enjoy the privacy of the custom loft situated above the spacious three-car garage.
311 Hope Road is a unique property with many exciting features. Book your private showing today!
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$860,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $688,000 | $688,000 | $688,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.214% | 6.361% | 6.203% |
| Monthly Tax Payment | $452 | $452 | $452 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,961 | $4,236 | $5,806 |
| Total Monthly Payment | $4,505 | $4,780 | $6,350 |
* 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.