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Welcome to 389 Douglas Pike a rare opportunity to own a spacious and versatile property in the heart of North Smithfield. Set on 2. 16 acres of beautiful wooded land, this private location offers peaceful surroundings, and endless potential. This serene property features 4 bedrooms and 2. 5 baths, with the unique benefit of an attached in-law suite ideal for multigenerational living, rental income, or guest accommodations. The main home offers a spacious eat-in kitchen with a large island, a formal dining room with sliders to the large deck, a living room, family room, and three bedrooms on the second level with a shared full bath. A convenient half bath is located on the main level. The attached in-law unit includes its own kitchen, living area, bedroom, and a full bath plus a screened-in porch. Both spaces offer a separate basement and electrical panel, ensuring privacy and independence. Outside, enjoy an abundance of yard space, ample parking, and room to expand, garden, or simply relax in nature. This home is located close to local favorites, perfect for those seeking both convenience and countryside charm. Don't miss your chance to make this versatile and beautifully located property your own!
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$699,000
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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** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $417 | $417 | $417 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,535 | $3,674 | $4,681 |
Total Monthly Payment | $4,044 | $4,183 | $5,190 |
* 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.