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15 Link Street, Warwick, RI, 02886 | $260,000
Contractor's Special. Tons of potential here. This is likely to be a cash sale, being sold AS-IS, AS-SEEN with most contents to remain. The original furnace was converted to gas at some point and is no longer functioning so there is no heat and the house won't qualify for FHA or conventional financing. Furnace is reportedly unsafe and unfixable. Renovation loan may be possible. The plumbing was winterized so there is currently no running water. The roof needs to be replaced. This is a court ordered sale by Commissioner and the Purchase and Sales Agreement must be presented to RI Superior Court for approval. This will add at least 2-3 weeks for final approval once an offer is accepted by the Commissioner. Closing can take place quickly after that. The house is situated on a triple lot. The two front lots facing Link Street have been merged by ordinance. There is a rear lot that fronts on the paper road section of Larkin Street. This lot drops down to a ravine with a brook running through it. The 3 lots have a total of 28, 718 square feet,
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping
- Rooms: 7
- Bedrooms: 3
- Baths: 1 full
- Style: Cape Cod
- Year Built: 1942
- Garage: 1-car Attached,Garage
- Heating: Forced Air,Gas
- Cooling: None
- Basement: Full,Interior Entry,Partially Finished
- Approx Sq. Feet: 1,843
- Acreage: 0.66
- Est. Taxes: $4,299
- Lot Desc: Multiple lots
- Appliances: Dryer,Gas Water Heater,Oven,Range,Refrigerator,Washer
- MLS#: 1406557
- Website: https://www.raveis.com
/prop/1406557/15linkstreet_warwick_ri?source=qrflyer
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
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15 Link Street, Warwick, RI, 02886
$260,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $208,000 | $208,000 | $208,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | $358 | $358 | $358 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,230 | $1,281 | $1,686 |
| Total Monthly Payment | $1,663 | $1,714 | $2,119 |
* 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