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WATERFRONT ON LOCUSTVILLE POND. Location Location! Sitting on a quiet, serene cove, this adorable Ranch offers the perfect escape with 2 bedrooms and 1 full bath. Main level(672') features a bright living room, kitchen, dining room, 1 bedroom and a full bath. Glass sliders off the living room open directly onto an oversized deck-perfect for entertaining or relaxing. Finished lower level (approx. 600'): This walkout space includes a second bedroom, a dedicated home office, and direct access to the waterfront. Peace of mind comes included with a new roof (2025), a new Septic(2015) and a new well(2015). By combining the property with the neighboring lot, this home now sits on 0. 42 acres(nearly half an acre)giving you significantly more prime water frontage(334 sq ft of water frontage). Don't miss this chance to spend your summer swimming, boating and fishing right from your own backyard! Located on a private road. Close to 95, Shopping, and schools. Many outstanding Golf courses nearby and a short ride to RI's beautiful beaches!
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Our Executive Mortgage Banker:
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$500,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $439 | $439 | $439 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,396 | $2,526 | $3,322 |
| Total Monthly Payment | $2,927 | $3,057 | $3,853 |
* 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.