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Ask anyone who lives by the ocean and they'll tell you "Life's a Beach"! If you're ready to live the Salt Life with your toes in the sand, the smell of salt in the air, the rhythmic sounds of breaking waves and ocean breezes, your time has arrived. This modern home has been beautifully updated and meticulously maintained. With three bedrooms and two full baths plus an outdoor shower, it offers all the amenities you need. The open floor plan ensures that everyone is part of the fun. It centers on a rustic stone fireplace to take the chill off the autumn evenings. The kitchen features custom cabinetry, granite counters and stainless appliances. An expansive wrap-around deck encourages outdoor entertaining and summer fun. It's just a few minute walk to the Lawton Beach, part of the private Misquamicut Fire District. There you'll enjoy the exclusive well-maintained beach with lifeguards, bath house, showers and views spanning from Block Island to Montauk Point. Love long walks on the beach? Who doesn't! You're right in the middle of one of the most beautiful, unobstructed 5+ mile stretches of sandy beach in RI. Walk to Taylor's place in Watch Hill to the west or the Weekapaug Breachway to the east. Explore the variety of oceanside dining & shopping venues you can get to without picking up your keys. Some are even "No Shirt, No Shoes, No Problem". This idyllic beach house is ready for you to enjoy this summer, if you move quickly. It won't be around for long.
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Our Executive Mortgage Banker:
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$1,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $1,276,000 | $1,276,000 | $1,276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $621 | $621 | $621 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,245 | $7,650 | $10,768 |
| Total Monthly Payment | $7,991 | $8,396 | $11,514 |
* 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.