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25 Melissa Lane, Burrillville, RI, 02859 | $424,900
Escape to the water with this fully updated lakefront cottage on the beautifully maintained Pascoag Reservoir an ideal retreat for vacationers seeking peace, privacy, and lake life charm. This two-bedroom, one-bath getaway has been thoughtfully refreshed inside and out, featuring new paint throughout, updated windows, modern light fixtures, and upgraded electrical. With direct access to the lake, your own private beach and dock, and stunning water views, this property offers everything you need for relaxing weekends, summer adventures, or time away from the city. Pascoag Reservoir is a 352-acre lake known for its recreational activities like fishing, paddling, and boating. It's also referred to as Echo Lake. The reservoir has a state boat ramp on the southwestern side. The reservoir is part of the Blackstone River watershed. Conveniently located just minutes from the quaint town centers of Chepachet and Pascoag, 20 minutes to Greenville and 30 minutes to highway access, this cottage is the perfect blend of remote and reachable. The property is currently being used seasonally. 4 owners have converted their lake house to a year round residence. Heat would need to be added, and the well is shared with the neighbor. Not leased land, members of the compound have purchased the land in the form of stock certificates and it is considered "common area" HOA docs available upon request.
Features
- Amenities: Golf,Highway Access,Near Hospital,Public Transportation
- Rooms: 4
- Bedrooms: 3
- Baths: 1 full
- Style: Cabin
- Year Built: 1940
- Garage: No Garage
- Heating: None
- Cooling: None
- Basement: None
- Approx Sq. Feet: 740
- Est. Taxes: $1,922
- HOA Fee: $2,400 Annually
- Appliances: Exhaust Fan,Electric Water Heater,Oven,Range,Refrigerator
- MLS#: 1411038
- Website: https://www.raveis.com
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William Raveis Family of Services
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
25 Melissa Lane, Burrillville, RI, 02859
$424,900
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 | $339,920 | $339,920 | $339,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $160 | $160 | $160 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,093 | $2,146 | $2,823 |
| Total Monthly Payment | $2,328 | $2,381 | $3,058 |
* 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