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This beautiful home is located in the Village of Indian Lake. A private HOA consisting of 200-acres of common open space that includes a lake, clubhouse, tennis-pickleball courts, walking trails, and boat storage. Built in 1993 this 4-bedroom, 3-bath home has been updated to include an open floor plan that integrates the indoor-outdoor spaces, ideal for entertaining and large gatherings. Every window in this home enjoys a gorgeous private view of the outside. A newly renovated eat-in kitchen has quartz countertops, ample island seating, a dry bar, under cabinet lighting, and stainless steel appliances. An oversized family room with built in cabinets and a wood burning fireplace opens directly to the covered porch that flows elegantly to the expansive deck and stone patio below, perfect for al fresco dining, large gatherings, and evening fires. Two primary en-suite, one on the first level, one on the second, boasts double vanities, walk-in closets, soaking tubs, one with a jacuzzi-walk-in shower, a bidet, and gas fireplace. Hardwood floors throughout. Outside highlights a front porch with views of park-like mature perennial gardens surrounded by custom built stone walls. A large unfinished basement and walk-in attic provide suitable spaces for further customization. Equipped with an electric underground dog fence and radon system this home is located close to Wakefield, Narragansett, South County beaches, Amtrak, and URI, while being only 33 miles from Downtown Providence.
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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 | $718,400 | $718,400 | $718,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $615 | $615 | $615 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,079 | $4,600 | $6,111 |
Total Monthly Payment | $4,786 | $5,307 | $6,818 |
* 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.