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Welcome to 32 James Francis Terrace, a Cape-style one-owner home located on a pretty cul-de-sac in central Middletown. As you enter, the feel is bright and spacious with vaulted ceilings, wide pine floors and a floor plan than opens to living and dining rooms. The kitchen has plenty of counter space & cabinetry, a large center island and stainless appliances. There is a cozy den that opens to the ideal backyard for entertaining. The composite deck blends with socializing spaces including a large hot tub, granite bar and hardscaped patio. A fenced-in portion of the yard is great for containing pets, but the full yard is over 20, 000 square feet including an outbuilding with so much potential! The beautiful flat yard is filled with mature perennials and coastal plantings with a stone wall bordering the back of the property. The second level of the house boasts three sunny bedrooms including a primary bedroom with walk-in closet and primary bath with custom teak finishes, two large guest bedrooms and a full guest bath. The lower level of the house adds additional living space including a large living room, a third full bath and a laundry room. Additional features include a whole house generator, central air conditioning and an oversized two-car garage. Centrally located in Middletown with quick and easy access to Middletown's beaches and shopping districts and a short drive to the Navy Base and all that downtown Newport has to offer!
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William Raveis Real Estate
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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 | $798,000 | $798,000 | $798,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $650 | $650 | $650 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,531 | $4,913 | $6,734 |
| Total Monthly Payment | $5,273 | $5,655 | $7,476 |
* 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.