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There are houses. There are homes. And then there is 7 Summit Road - a place that simply cannot be replicated. Reminiscent of the storied shingle-style cottages of Block Island, this vintage 1800s treasure carries the unmistakable soul of old New England - the kind of character that takes generations to earn and can never be manufactured. Authentic pegged wood floors, and an inviting fireplace set a tone that is equal parts romantic and refined. The unique kitchen reflects the home's one-of-a-kind personality - full of charm and character you won't find anywhere else. Large bedrooms offer generous space and comfort, while an abundance of closets and convenient first-floor laundry make everyday living effortless. Outside, a level lot filled with carefully curated shrubs and plantings surrounds the home in color, texture, and privacy - the kind of established landscaping that takes decades to grow. And the location? Walkable to parks, tennis, basketball, and shopping. True Prospect convenience with old-world soul. Homes with this much authenticity rarely come available. When they do, they don't linger.
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Upper |
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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 | $315,920 | $315,920 | $315,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | $399 | $399 | $399 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,869 | $1,945 | $2,560 |
| Total Monthly Payment | $2,343 | $2,419 | $3,034 |
* 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.