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Located at the end of a quiet cul-de-sac, this custom home offers exceptional privacy while remaining close to Middletown's beaches, with the charming seaport of Newport just a few miles away. Completely rebuilt with a second-floor addition in 2016, the home has been meticulously maintained and is move-in ready. Sun-filled interiors feature wide plank pine floors throughout and an open floor plan highlighted by a center-island kitchen, a first-floor office, and a bedroom. Thoughtfully designed for today's lifestyle, the home also includes a functional mudroom perfect for snowy boots or wet beach towels. Garage has a generator sub panel and electric vehicle charger. The bright and charming second floor offers four additional bedrooms, a recently updated primary bath, and a conveniently located laundry room. The backyard is ideal for summer enjoyment, featuring a built-in, heated, saltwater pool, fenced-in yard, ambient landscape lighting and fire pit. Additional updates include the roof, siding, Anderson 400 windows, and mechanical systems. Just minutes from Sweet Berry Farm, marinas, golf, and Norman Bird Sanctuary, this home is equally suited for year-round living or as a secondary beach getaway.
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$1,675,000
William Raveis Real Estate
Phone: 888.699.8876
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William Raveis Mortgage, LLC
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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 | $1,340,000 | $1,340,000 | $1,340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $840 | $840 | $840 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,091 | $7,820 | $10,949 |
| Total Monthly Payment | $8,056 | $8,785 | $11,914 |
* 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.