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Presented by
Sarah Ryan |
11 Saltwood Farm Drive, Middletown, RI-- Introducing an exceptional new construction by Horan Building Company, one of Rhode Island's premier custom home builders. Currently under construction and ready Spring 2027, this custom-designed shingle style residence blends timeless New England architecture with refined coastal living. Spanning approximately 4, 400 square feet, the home offers 4 bedrooms and 4. 5 baths, anchored by a coveted first-floor primary suite. Light-filled interiors with southern and western exposure showcase wonderful ceiling heights, a fireplace, and a custom-designed kitchen all finished to Horan's signature standard of craftsmanship and elegance. A finished lower level and two-car garage complete the thoughtful floor plan. A professionally designed landscape plan can incorporate a pool and outdoor kitchen at the buyers discretion, creating a private resort-style setting. The property abuts 8 acres of preserved open space, ensuring lasting privacy and natural beauty. The location is second to none: less than a mile to Second Beach, moments from the Norman Bird Sanctuary, Sachuest Point Wildlife Refuge, Sweet Berry Farm, and Middletown's beaches, two miles to downtown Newport, and close to St. George's School. A rare opportunity to own a brand-new custom home in one of Aquidneck Island's most desirable settings.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.714.1448
Sarah.Ryan@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
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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 | $3,160,000 | $3,160,000 | $3,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,695 | $19,200 | $26,453 |
| Total Monthly Payment | $17,820 | $19,325 | $26,578 |
* 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.