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Welcome to 292 Sowams Road offering a great value for a fully renovated Charming Cape in the heart of Hampden Meadows. This beautifully renovated home blends classic charm with modern sophistication, offering a peaceful escape. Set on nearly a half acre lot, bordering walking trails, this home feels like a retreat while still being close proximity to everything. Inside, every detail has been thoughtfully designed. The brand new kitchen showcases custom cabinetry, quartz countertops, and stainless steel appliances, perfect for everything from weeknight dinners to hosting friends. The first floor also features a cozy living room, dining room, large first floor bedroom, beautifully renovated full bath including contemporary fixtures, custom tile work, an elegant vanity and laundry. Throughout the home, gleaming hardwood floors and a soft, coastal-inspired color palette create an airy, sunlit atmosphere that's both welcoming and elegant. Step outside to a spacious detached garage and large backyard. The location is just a short walk to Sowams and Hampden Meadows Elementary Schools, tennis and pickleball courts, and the scenic East Bay bike path. Plus, you'll be part of a community with Rhode Island's #1 public school system, making this home a fantastic choice. Completely move-in ready, this home offers the perfect mix of style, comfort, and convenience.
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Our Executive Mortgage Banker:
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$499,000
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 | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $676 | $676 | $676 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,391 | $2,490 | $3,260 |
| Total Monthly Payment | $3,142 | $3,241 | $4,011 |
* 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.