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17 Highland Avenue, Lincoln, RI, 02865 | $525,000
Fantastic home with a mother-in-law suite! Perfect for flexible living arrangements, this property is on a quiet dead-end street, just 10 minutes from Twin River Casino and downtown Providence. It offers 4 bedrooms and 2 bathrooms with versatile living spaces. The main house features 3 bedrooms, an updated full bath, a kitchen with granite countertops, stainless steel appliances, and hardwood floors. There's a dining room, living room, bonus flex space, and a deck overlooking a large fenced yard, perfect for entertaining. On-site parking fits up to five cars. The updated in-law suite, with its private entrance, includes 1 bedroom, a full bath, a living room, a full kitchen, and a private fenced yard, offering both privacy and independence. This property is ideal for flexible living or as a versatile investment. In 2023, it generated $76, 000 in income ($54, 000 from Airbnb/ $7300 VRBO rentals and $1, 300/month from additional rentals), with similar projections for 2024. VRBO and Airbnb data are available upon request. TONS OF UPDATES AND UPGRADES, INCLUDING: A brand-new gas heating system and new water heater. New electrical panel and wiring. The main bathroom and the in-law suite's bathroom have both been beautifully updated. Fresh paint throughout the entire home. Plus, a brand-new privacy fence for the in-law suite. This home is ready to move in and enjoy!
Features
- Amenities: Golf,Highway Access,Near Schools,Public Transportation,Recreation Area,Shopping,Tennis Court(s),Sidewalks
- Rooms: 10
- Bedrooms: 4
- Baths: 2 full
- Style: Cape Cod
- Year Built: 1918
- Garage: No Garage
- Heating: Gas
- Cooling: None
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Approx Sq. Feet: 1,806
- Acreage: 0.17
- Est. Taxes: $5,704
- Appliances: Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater
- MLS#: 1369520
- Website: https://www.raveis.com
/eprop/1369520/17highlandavenue_lincoln_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
17 Highland Avenue, Lincoln, RI, 02865
$525,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
| Monthly Tax Payment | $475 | $475 | $475 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,901 | $2,759 | $3,516 |
| Total Monthly Payment | $3,468 | $3,326 | $4,083 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB