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Welcome to this brand new construction modern farmhouse in Western Cranston, located on the last available lot in Sherwood Estates and set on 2. 75 private acres, offering the opportunity to customize your next home. With 2, 690 sq ft of thoughtfully designed living space, this home showcases an open-concept main level filled with natural light, creating a warm and inviting atmosphere perfect for both everyday living and entertaining. The kitchen is designed to be the heart of the home, featuring a walk-in pantry and seamless connection to the dining and living areas. A dedicated office provides a quiet and functional work-from-home space, while the mudroom adds convenience and organization for daily routines. A charming farmers porch enhances the home's curb appeal and offers the perfect place to relax and unwind. Upstairs, you'll find three generously sized bedrooms, including a private primary suite designed for comfort and relaxation. The home includes two full bathrooms and an additional half bath, thoughtfully designed with both style and functionality in mind. A massive bonus room on the second floor offers endless possibilities ideal for a media room, playroom, home gym, or additional living space tailored to your needs. With quality craftsmanship, flexible living areas, and the ability to select your own finishes, this is a rare opportunity to create a personalized home in a desirable setting with space, privacy, and modern farmhouse appeal.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $243 | $243 | $243 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,859 | $5,276 | $7,308 |
| Total Monthly Payment | $5,227 | $5,644 | $7,676 |
* 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.