Spacious and gracious Ranch home located in the desirable Plum Beach neighborhood in Saunderstown on just under an acre and a half. Coastal living at its best, this oversized lot sits in a premier location with winter water views of Narragansett Bay and walk to water via right of way access to beach. This charming home features vintage character and boasts three large bedrooms, two brand new full bathrooms with radiant heat floors, family room with fireplace, dining room, and office/study room adjacent to kitchen. Recent updates include newer roof, brand new doors, updated copper plumbing, updated septic system, new water tank, and brand new propane tank for the gas stove. Outdoor features include beautiful brick walkway and patio, as well as outdoor hot and cold water shower. Easy access to Interstate highway Rte. 95 and local public and private schools; Quick drive to Jamestown, Newport, and Narragansett beaches, restaurants, shopping, marina, tennis and golf. Fabulous opportunity to own a special home in a desirable location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $559,200 | $559,200 | $559,200 |
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 | $577 | $577 | $577 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,862 | $3,674 | $4,681 |
Total Monthly Payment | $4,531 | $4,343 | $5,350 |
* 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.