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Welcome to 151 Ives Road, a bright and charming 3-bedroom home set in the heart of Potowomut! Here, you can walk to Sandy Point Beach, enjoy the natural beauty of Goddard Memorial State Park, launch your boat just down the road, or tee off at the Potowomut Golf Club. Ideally located just minutes from vibrant Main Street in East Greenwich while benefiting from lower Warwick taxes this location offers the perfect blend of convenience, recreation, and coastal living. Step inside to find a home filled with natural light, timeless character, and an airy layout that immediately feels welcoming. The living room has abundant light and a cozy wood stove for those chilly evenings. The eat-in kitchen leads to a lovely deck. Recent mechanical upgrades include new ductless air conditioning last summer, a new high efficiency gas furnace and on-demand hot water heater in 2022, newer septic system in 2021, upgraded electrical box in 2021, and the roof is just 8 years old. Outdoors, enjoy a recently rebuilt back deck, a convenient outdoor shower, a lawn irrigation system, and a 1-car detached garage all features that enhance easy living. Whether you're looking for a year-round residence or a coastal retreat, 151 Ives Road offers unmatched lifestyle amenities and a warm sense of home. NO flood insurance required. This is a rare opportunity in a sought-after seaside community don't miss it!
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Our Executive Mortgage Banker:
Our Insurance Division:
$519,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $415,920 | $415,920 | $415,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.132% | 5.541% |
| Monthly Tax Payment | $493 | $493 | $493 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,329 | $2,491 | $3,343 |
| Total Monthly Payment | $2,913 | $3,075 | $3,927 |
* 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.