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Experience the ultimate coastal lifestyle at this single-level retreat which is part of Ocean Ridge Civic Association, (ORCA). Gutted and meticulously renovated in 2015, this home pairs modern efficiency with beachy charm. The interior features a bright living room flowing into an eat-in kitchen with sleek granite countertops, stainless appliances and a breakfast bar. Two oversized bedrooms at opposite ends of the house ensure maximum privacy. No detail has been overlooked, from the newer heating system and vinyl siding to the sunroom added just a year ago and the peace of mind provided by a whole-house generator.
The outdoor oasis, situated on a 1/4-acre corner lot, is designed for relaxation and utility. Enjoy a dip in the above-ground pool or host gatherings on the paver patio, which features a cozy fireplace and a brand-new awning. With two storage sheds, there is plenty of room for all your gear. Location is everything here: you are just a short stroll from private association access to Green Hill Pond for boating and kayaking, and a scenic bike ride from Charlestown Beach. ORCA offers private beach with pavillion on Green Hill Pond, 2 boat launches, marina, kayak racks, and more. Situated near local eateries, shopping, golf courses, tennis courts, scenic hiking trails, and pickleball facilities. Whether you are seeking a turnkey year-round residence or a savvy rental investment, this property offers the best of Rhode Island living.
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William Raveis Real Estate
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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 | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $413 | $413 | $413 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,281 | $3,410 | $4,484 |
| Total Monthly Payment | $3,786 | $3,915 | $4,989 |
* 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.