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Welcome to this wonderful custom built one-level home with 3 bedrooms, two and half baths in the Biscuit City area of Kingston village. The home is nicely situated in a quiet neighborhood on a 1. 22 acre wooded lot surrounded by beautiful mature landscaping. A large walk-out basement provides the potential for a working and exercise space, while a bonus storage room with exterior entry can be used for extra storage.
Plenty of updates include new flooring and an updated heating system. A bright and spacious bathroom suite encased in windows has potential for a jacuzzi, while a screened in porch and central air, provides cooling in the summer months. During the winter, a cozy wood stove can heat the living area while saving heating costs.
The home is located one mile from URI, 3- minute drive to The Kingston Amtrak Train station, 10 minutes from downtown Wakefield and Narragansett beaches. The neighborhood is literally "down the hill" from the O'Neil Bike path, while numerous trails can be found in the Potter Wood/Biscuit City Nature area. For those who crave a weekend in Boston or New York City, both are only a few hours away by car or Train!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
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 | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $412 | $412 | $412 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,244 | $4,283 |
| Total Monthly Payment | $3,618 | $3,748 | $4,787 |
* 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.