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Presented by![]() Julie Dateo |
Nestled in a country-like setting adjacent to Narragansett Bay you will experience a serene lifestyle at 41 Fox Drive, one of the 42 units of Clarke Farm with its charming stone walls, mature trees and white farm fences that are reminiscent of a small New England village. Coastal charm continues with the "shingle style" design, brick patios and extra windows to bring in natural light. It is also found throughout this lovingly renovated 2 level that offers the added touch of modern elegance and design with a new open layout, hardwoods throughout, a new kitchen with more cabinets and storage than found in most homes, gorgeous quartz counters, high end light fixtures and a built-in china closet. The seaside feeling continues with ship-lap over the gas fireplace and in bathrooms. Both ensuite bedrooms are located on the second floor, the primary bedroom includes a walk-in closet. In Summer or winter it is easy to enjoy this coastal life with the added convenience of a walking path in complex that is an easy route to the quiet and peaceful north end of Scarborough State Beach. You can move right into this lovely home . . . just relax and enjoy and expect lots of friends and family to visit!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$789,000
Sales Associate
William Raveis Real Estate
Phone: 617.938.2220
Julie.Dateo@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $631,200 | $631,200 | $631,200 |
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% | 7.063% | 6.132% |
Monthly Tax Payment | $463 | $463 | $463 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,990 | $4,147 | $5,284 |
Total Monthly Payment | $4,545 | $4,702 | $5,839 |
* 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.