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836 Matunuck Beach Road, South Kingstown, RI, 02879 | $299,900
This is a 489 SF mobile home at the Blackbeard project in Matunuck. It is unit 5. The ocean is across the street. There is a good waterview. The South Kingstown town beach is located 250 yards away. The Ocean Mist bar is located 100 yards away. This project is owned by the tenants. They own the land, it is not leased land. The annual fee is only $1400. This is a strong selling point. The unit needs work. It is livable though, you can be there this summer. It is believed that you could replace the existing 489 SF footprint with new wood frame construction, but due your due diligence on that. Where in South County can you be so close to the water at such an affordable price with low monthly fees? The project is seasonal, from May thru Oct 15. It is rare to have a unit become available in this project. NOTE- this is an As Is sale. Any building inspections are for informational purposes only. The owner will do no repairs to the unit.
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Style: Manufactured Home
- Year Built: 1990
- Garage: No Garage
- Heating: Forced Air,Propane
- Cooling: Wall Unit(s)
- Basement: None
- Approx Sq. Feet: 489
- Est. Taxes: $618
- HOA Fee: $1,400 Annually
- Appliances: Electric Water Heater
- MLS#: 1408628
- Website: https://www.raveis.com
/prop/1408628/836matunuckbeachroad_southkingstown_ri?source=qrflyer
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
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- Is available to meet with you in our office, your home or office, evenings or weekends
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836 Matunuck Beach Road, South Kingstown, RI, 02879
$299,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $239,920 | $239,920 | $239,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.697% | 6.650% | 5.992% |
| Monthly Tax Payment | $52 | $52 | $52 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,458 | $1,516 | $1,992 |
| Total Monthly Payment | $1,585 | $1,643 | $2,119 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB