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Historic Farmhouse on 3. 39 acres of treed privacy on South Road in the Southwest quadrant of East Greenwich. West of Narrow Lane on the north side of South Road. The land is special with a pond and and nature trails. The zoning is F2. and the surrounding properties are some of the largest 'farms' in East Greenwich. The farmhouse was originally constructed in 1753, and is actually one of the older houses in the Frenchtown neighborhood. The residence involves 1959 sq. ft. of heated space above grade. Seven room are organized into an open floor plan with 3 bedrooms and 2 full baths. The rear porch is huge and overlooks the pastoral property. The roof was re-shingled recently and the septic system was also replaced. The property has an oversized garage and out buildings. 1289 South Road has been a great home for the family who are selling it now. It needs a new steward family is needed. Check out this special home. It is ready for you to write the next chapters of your families story.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $476,000 | $476,000 | $476,000 |
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% | 7.063% | 6.132% |
Monthly Tax Payment | $649 | $649 | $649 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,009 | $3,127 | $3,985 |
Total Monthly Payment | $3,750 | $3,868 | $4,726 |
* 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.