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Presented by
The Aquidneck Team |
Investor opportunity on prime acreage with beautiful oak tree and level terrain in a serene country setting. Situated on approximately 4. 50 acres, this property features a single-family detached home and barn. The home is distressed with significant deferred maintenance--renovate, rebuild, or redevelop. Value primarily attributed to land, location, and future use, and priced to reflect that. Property consists of 2 TMS#'s 45-222-041 (1 acre) and 45-222-122 (3. 50 acres). Front 1 acre where structure is at has potential to add one mobile home once connected to county water. Back property (3. 50 acres) is currently zoned to allow two mobile homes. Property being sold AS-IS with no repairs to be made by Seller. A wonderful opportunity to own land or start your gardening and homesteading dreams. Any information deemed important by the Buyer should be verified. Do your due diligence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$115,000
Sales Associates
William Raveis Real Estate
Phone: 401.640.0807
AquidneckTeam@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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $92,000 | $92,000 | $92,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $522 | $551 | $746 |
| Total Monthly Payment | $597 | $626 | $821 |
* 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.