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This is the waterfront retreat you've been waiting for! Tucked into the charming coastal community of Gaspee Point, this inviting ranch offers approximately 2, 400 square feet of living space filled with warmth, comfort, and beautiful water views. The sun-drenched great room is the heart of the home, featuring three walls of oversized windows and sliding glass doors that bring the outdoors in. With cathedral ceilings, hardwood floors, and its own mini split, it's a bright and relaxing space to gather in every season. The kitchen is fresh and welcoming with stainless steel appliances, white cabinetry, and granite countertops. The recently renovated main-floor bath offers a double vanity, spacious walk-in shower, and convenient laundry area. Two bedrooms (each with its own heating and A/C) and a practical mudroom complete the main level. Downstairs, the finished lower level provides even more flexible living space with a large family room with gas and water hookups, an additional room, a workshop and a full bath, plus both interior and exterior access for easy cleanup after a day at the beach. Outside, enjoy a generous Trex deck and matching access ramp, perfect for relaxing or entertaining by the water. A rare opportunity in this beloved waterfront community with a secured entrance during the busy summer months. With newer roof & 4 mini splits added just 3 years ago, not much to do here except move right in and start sending the invites out for your summer gatherings.
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William Raveis Real Estate
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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 | $399,920 | $399,920 | $399,920 |
| 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 | $801 | $801 | $801 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,366 | $2,462 | $3,266 |
| Total Monthly Payment | $3,242 | $3,338 | $4,142 |
* 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.