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Welcome to 6 Cavalry Drive, Smithfield, RI a single-level waterfront modern contemporary sanctuary that blends elegance and sophistication. Featuring an open layout with bright, airy rooms, creating a welcoming atmosphere perfect for entertaining. Set on approximately 7 acres with gated private entry, this property offers unparalleled privacy and the tranquility of your own oasis. It's ideal for a family compound, providing both seclusion and convenience with close proximity to amenities, city life, and major highways. The sale includes 15 Noto Drive, with about 4 acres, and the adjoining lot at 6 Cavalry Drive, Smithfield, adding approximately 3 more acres, offering unique opportunities for expansion. The remodeled kitchen is a chef's delight, featuring luxurious 2. 5-inch quartzite countertops, custom cabinetry, and high-end Thermador appliances. Adjacent to the kitchen, the great room is filled with natural light from Anderson sliders and features a cozy gas fireplace, offering views of the lake and access to a large private deck. The home also includes a walk-out from the lower level onto a charming patio, with potential to add in-law or extra bedrooms on the lower level. Equipped with smart features, the home enhances convenience and efficiency, allowing control of lighting, climate, and security with ease. A remarkable greenhouse with a commercial door caters to gardening enthusiasts. This property has never been on the market, make it YOUR dream home today!
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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 | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.613% | 6.435% |
Monthly Tax Payment | $2,248 | $2,248 | $2,248 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,671 | $10,619 | $14,405 |
Total Monthly Payment | $12,044 | $12,992 | $16,778 |
* 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.