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Anchored at the entrance of the Chace Point community, this spacious ranch style home features four bedrooms and two baths with 2310sq. ft of single-level living. The eat-in kitchen offers views of the double sided fireplace and island with seating, adjacent to the dining and living rooms with wood-burning fireplace. The kitchen, primary bedroom and guest bedroom/office orient south and feature direct sliding door access to the adjoining deck which overlooks the back yard and distant/seasonal peek-a-boo water views. The lower walk-out level features an integral 576sq. ft garage that opens to the adjoining 1300sq. ft workshop/utility space and interior stair access up in to the main living level and lower level patio area and outdoor shower. This property is a short walk/bike or drive across Shaw Road to Wishing Stone, Sweet and Salty, . 07 miles (or a mostly downhill, bike ride) to South Shore Beach/Goosewing Preserve, less than 5 miles to Sakonnet Pt. Marina, the Sakonnet Golf and Point Clubs and a five to seven minute (2. 5 mile) car ride to A1 Pizza, Wilbur's, the Trolley Stop at Earl's and the Town Commons. Buyer is responsible to perform all due diligence regarding Chace Point Covenants and Restrictions, deeded community water access points and usage. Seller is in process of installing a brand new 4 Bedroom septic system. Buyer to pay the Little Compton Agricultural Conservancy Tax (LCACT) at the time of closing.
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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 | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,224 | $5,516 | $7,763 |
| Total Monthly Payment | $5,602 | $5,894 | $8,141 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.