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Set on a serene half-acre overlooking a small freshwater pond, this 2023-ranch built by Meridian Custom Homes offers easy one-level living in the desirable Slocum Woods neighborhood. Designed with intention and finished to a magazine-quality standard, every element has been thoughtfully selected, from the woodwork and paint colors to the lighting and tile. The open-concept layout is filled with natural light from oversized windows and flows beautifully for both everyday living and entertaining. A welcoming covered farmer's porch, island kitchen, fireplace, and rear deck all take advantage of the peaceful setting. The walkout lower level offers future expansion potential with a slider to a custom patio. Beautiful landscaping, 4 bedrooms, 2. 5 baths, and a 2-car garage complete this move-in ready home. Ideally located in Slocum Woods, this home offers the perfect blend of privacy and convenience. Enjoy close proximity to Narragansett beaches, marinas, golf courses, and local dining, with easy access to Wakefield Village and all that South County has to offer.
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William Raveis Real Estate
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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 | $1,276,000 | $1,276,000 | $1,276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $940 | $940 | $940 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,245 | $7,753 | $10,768 |
| Total Monthly Payment | $8,310 | $8,818 | $11,833 |
* 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.