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Past the stone columns, down a tree-lined lane, discover the tranquility of Two Colony Road. Set on two secluded acres, this 3-4 bedroom, 5 bathroom home blends coastal charm with privacy and comfort. Here in Arnolda, enjoy the winding boardwalk to a tranquil stretch of East Beach with views of the breachway, Block Island, and down to Quonochontaug. Purchase an available dock slip to gain coveted access to Arnolda's private dock, and apply for a mooring to expand your range. Boating from Ninigret Pond is your passport to the Sound and the open ocean. Venture beyond the shoreline to explore Block Island, Point Judith, Newport, Stonington and more, knowing your well-appointed home awaits your return. The great room with vaulted ceiling is anchored by the fieldstone fireplace with wood-burning stove, and offers living and dining space with abundant natural light just off the kitchen, plus a lofted sitting area above. The wraparound deck has sitting and dining space, as well as a 5-person hot tub that is the perfect place to unwind after a game of tennis or pickle ball at the Association court. An expansive primary/in-law suite with its own entrance includes a kitchenette, sitting area, office, laundry, and ensuite bath. The lower level of the home includes flex space perfect for a home gym or media room. The attached two-car garage is supplemented by two sheds, and the outdoor showers and fire pit hint at the lifestyle of summer season by the sea. Find your peace in Arnolda.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,396,000 | $1,396,000 | $1,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $583 | $583 | $583 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,036 | $8,939 | $11,875 |
Total Monthly Payment | $8,744 | $9,647 | $12,583 |
* 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.