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Summer starts NOW! Seize the opportunity to own 11 Brecka, providing superior access to Jerusalem & E. Matunuck Beach just steps across the street. This Pinterest-worthy beachside cottage exudes coastal charm and modern updates. Purposefully positioned to capture picturesque views of the salt marsh, Block Island, and glistening ocean beyond. Set on a dead-end street with the Wildlife Sanctuary across the way, experience serene sunrises and blissful sunsets from the expansive front deck with retractable awning. Valuted ceilings with loft space above create a light & bright atmosphere, enhancing the effortless flow across the kitchen, living, and dining space. Spacious Primary Bedroom with updated ensuite bath offers direct access to the back deck overlooking the private, low-maintenance outdoor oasis with space to sprawl out, relax, and relish in the soothing sounds of the ocean. Want the farm-to-table experience? Enjoy the fresh herb and vegetable garden. Rinse off in the outdoor shower after a long day of sun-soaked adventure. New Roof, Andersen Windows, Central AC, 2 Car Garage, Irrigation, and 6YR Old 2 Bed Septic System complete your list of must haves . Embrace the beloved Jerusalem lifestyle year-round or seasonally. As one of RI's most treasured beach and fishing communities, whether you're seeking a serene getaway or active coastal lifestyle, this idyllic setting is just moments from the Matunuck Oyster Bar, Jim's Dock, Marinas, and"Dog Beach"-where dogs are always welcome!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $956,000 | $956,000 | $956,000 |
| 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 | $407 | $407 | $407 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,428 | $5,886 | $8,067 |
| Total Monthly Payment | $5,960 | $6,418 | $8,599 |
* 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.