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Anchored at the entrance of the Chace Point community, this spacious home has just completed the installation of a new 4-bedroom septic system. Stepping in from the deck, the main living level features a kitchen offering a breakfast area with wood-burning fireplace, island seating that leads in to the dining and living room with fireplace. The kitchen, primary suite and office feature sliding glass door access to the adjoining deck that overlooks the back yard and offers distant/seasonal peek-a-boo water views. Completing the main level is the primary bedroom, en-suite bath w/step-in shower, three more bedrooms used as a den and office share the hall bath and laundry. The lower, ground level features the integral 2-car garage which opens into the workshop/utility/mechanical space and interior stair access to the main level. Completing the home is a covered patio area, outdoor shower and . 70 acre yard. Ideally situated a short stroll/bike or drive across the road to Wishing Stone, Sweet and Salty, . 07 miles to South Shore/Goosewing Preserve, less than 5 miles to Sakonnet Pt. Marina, the Sakonnet Golf and Point Clubs and a short (2. 5 mile) car or bike ride to one of the last Town Commons in RI, featuring A1 Pizza, Wilbur's, Earl's, and soon, Elsie's. Buyer is responsible to perform all due diligence regarding Chace Point Covenants and Restrictions, deeded community water access points and usage. Buyer to pay the Little Compton Agricultural Conservancy Tax (LCACT) at closing.
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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 | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,080 | $5,516 | $7,640 |
| Total Monthly Payment | $5,458 | $5,894 | $8,018 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.