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Awesome, move-in custom built four bedroom, two and a half bathroom Colonial with exceptional millwork and luxury finishes throughout. Nestled on a 2. 45 acre lot, situated close to the East Greenwich line, 142 Bates Trail is a very special and meticulously maintained home. The spacious first floor features an open living room with gas fireplace, chef's kitchen with double ovens and large pantry, half bath and formal dining room. Second floor boasts a luxury primary ensuite with two walk-in closets, two additional bedrooms, home office over the garage as the 4th bedroom, and second floor laundry. All set on a large private lot with Trex deck and cedar Pergola to relax and entertain. Full unfinished basement with plenty of storage, water softener system, and bulkhead. Builder included French drain system in construction in 2014. Convenient, central location, five minutes to I-95 and Rt 4, 10-15 minutes to Main Street East Greenwich and TF Green Airport. 25-30 minutes to Newport, Narragansett and South County beaches. Please submit best and final offers by 5 pm Monday, March 30, on RI p&s.
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Our Executive Mortgage Banker:
Our Insurance Division:
$800,000
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 | $640,000 | $640,000 | $640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.333% | 6.520% | 5.783% |
| Monthly Tax Payment | $702 | $702 | $702 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,786 | $3,993 | $5,226 |
| Total Monthly Payment | $4,580 | $4,787 | $6,020 |
* 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.