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Beautiful, move in ready condition Cape in Gaspee off Narragansett Parkway awaits you to call it home. Property was renovated recently throughout as well as a new roof in 2023. The house consists of a large eat in kitchen with subway tile back splash and new cabinets and stainless-steel appliances. The full bathroom was also totally renovated from top to bottom. A new Navian on demand heat and hot water system was also installed recently. The house has newer windows, an upgraded plumbing and electrical system. The first floor has two living rooms, one with a compact cast iron direct vent gas stove. The other has a wood burning fireplace in what is considered the formal living room or can be converted to a formal dining room. Also on the first floor is a large bedroom with double closets. The second floor consist of 2 additional bedrooms. The property sits on a large corner lot with private fenced yard and a large beautiful, landscaped back yard. Another wonderful feature is a new shed for storage of summer furniture, garden tools and lawn/snow equipment. Other amenities are an attached oversized one car garage that can accommodate an SUV or oversized vehicle. The basement can be used as a man cave or can increase the use of livable square footage for a game room and bar etc. Located near Narragansett Bay and beaches, route 95, airport, trains, schools, restaurants, shopping and best of all Pawtuxet Village makes this an ideal location to work and play.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $355,200 | $355,200 | $355,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $351 | $351 | $351 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,304 | $2,393 | $3,046 |
Total Monthly Payment | $2,730 | $2,819 | $3,472 |
* 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.