If you've been searching for your dream home in the heart of a welcoming coastal community, you've found it here in Ocean Grove. Perfectly positioned at the mouth of the Cole River on the north end of Mt. Hope Bay, this exceptional property offers peaceful sunrises and breathtaking sunsets in a truly idyllic setting. Enjoy the very best of coastal living with easy access to boating, paddle boarding, kayaking, and fishing right outside your door. Designed for low-maintenance living, the home features two bedrooms and 3. 5 baths, along with high-quality, energy-efficient heating and cooling systems. The sun-drenched first floor showcases an open-concept layout with a modern kitchen, dining area, and spacious living room creating a warm, inviting space ideal for entertaining or unwinding after a long day. Step outside to the expansive deck and take in stunning sunset views over the water. Upstairs, the beautiful primary en-suite offers a private retreat, complemented by a generously sized guest bedroom, a full hall bath, and a versatile open area perfect for a home office or den. The lower level is equally impressive, featuring an approved, spacious one-bedroom ADU complete with a full kitchen, full bath, and large living area. With its own walkout deck overlooking the water, it provides a serene and private space for extended family or guests. This move-in-ready waterfront gem is a rare opportunity come experience it for yourself and make your coastal dream a reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $714 | $714 | $714 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,520 | $4,837 | $6,717 |
| Total Monthly Payment | $5,326 | $5,643 | $7,523 |
* 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.