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Welcome to 9 Michael Drive, located in Bristol's desirable Mason Farm neighborhood! This well-maintained 3-bedroom, 2-full-bath home offers the convenience of one-level living while providing exciting potential for future expansion. The unfinished upper level with a full bath presents a fantastic opportunity to unlock additional value and create the space that best fits your needs whether it's a spacious primary suite, additional bedrooms, a home office, playroom, media room, or guest quarters. Enjoy all that Bristol has to offer, including the scenic East Bay Bike Path, beautiful Colt State Park, waterfront dining, local restaurants, charming boutiques, coffee shops, and a vibrant coastal community atmosphere. Conveniently located just 5 minutes from I-195, approximately 30 minutes to Providence, 30 minutes to Newport, and about an hour to Boston, making commuting and weekend getaways a breeze. Whether you're looking for the ease of single-level living today or the opportunity to expand tomorrow, this home offers flexibility, value, and location. Don't miss this opportunity to own a home with room to grow in one of Bristol's most sought-after neighborhoods!
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Our Executive Mortgage Banker:
Our Insurance Division:
$590,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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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 | $472,000 | $472,000 | $472,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.650% | 5.866% |
| Monthly Tax Payment | $474 | $474 | $474 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,868 | $2,983 | $3,888 |
| Total Monthly Payment | $3,434 | $3,549 | $4,454 |
* 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.