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Welcome to The Terrace On Main, where effortless living is the norm in this exclusive community. This stunning 3rd-floor unit greets you with a bright, open floor plan designed for modern lifestyles. Enter the kitchen of your dreams, featuring stainless steel appliances, a cozy breakfast nook, and a generous granite island. The spacious living room sets the stage for easy entertaining, allowing you to flow smoothly from one area to another. Outstanding features, such as a gas fireplace, central air conditioning, and a private balcony, set this condo apart from the rest. As you continue down the hall, you'll find the Primary Bedroom, which boasts a large walk-in closet with custom shelving to optimize your storage. The bathroom is equally impressive, offering a double-sink vanity, a handy laundry area, and a roomy walk-in shower. With no yard maintenance to worry about, you can enjoy relaxing on the community rooftop deck or staying active in the well-equipped fitness center. Each unit includes its own secure, unfinished basement storage space. Situated along vibrant Main Street and just a short distance from historic downtown East Greenwich, The Terrace On Main provides endless convenience. You'll be moments away from the scenic beauty of Goddard Park, charming waterfront marinas, delightful restaurants, and inviting Main Street shops. Don't miss your chance to make this exceptional condo your own!
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Our Insurance Division:
$415,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
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Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $447 | $447 | $447 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,071 | $2,181 | $2,779 |
Total Monthly Payment | $2,593 | $2,703 | $3,301 |
* 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.