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Experience convenient one-level living in Lincoln, RI in this uniquely designed 3-bedroom, 2. 5-bath residence set within a quiet, peaceful neighborhood surrounded by nature. Designed for comfort and ease, the home offers main-level living enhanced by exposed architectural beams and skylights, filling the space with natural light. Double fireplaces add warmth and character to the main living areas. The home features a modern, updated kitchen and a beautiful and spacious primary suite, complete with a renovated bathroom and a sleek electric fireplace, creating a true private retreat all conveniently located on the main level. A thoughtfully designed layout supports both everyday living and entertaining, while the finished basement recreation room provides flexible additional space. Step outside to a private, wooded backyard featuring an inground pool and outdoor hot tub, delivering a serene escape. Ideally located close to a nearby state park, offering access to trails and outdoor recreation. Situated within a highly regarded school system, near shopping, dining, and commuter routes. Eligible for a 35% homestead exemption for owner-occupants, offering added long-term value.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | $457 | $457 | $457 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,308 | $3,443 | $4,566 |
| Total Monthly Payment | $3,857 | $3,992 | $5,115 |
* 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.