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Waterfront Home in Tiverton Basin! Tucked away from the main road, is an adorable gambrel style home with westerly panoramic ocean views of the Sakonnet and beyond. This location has it all privacy, wraparound covered deck, beautiful gardens, private beach, 50' pier, private 2 slip dock, deep-water mooring and short walk/ride to shops, eateries and Yacht Club. This 1930s gem has been meticulously maintained and upgraded including a state-of-the-art eat-in chef's kitchen, Viking appliances, bathrooms, flooring, outdoor-shower, forced air heat, and laundry room. In addition to the kitchen, the first floor offers an en-suite bedroom w/ access to the porch, living room with stone fireplace and laundry room. The second level contains 2 bedrooms and 2 bathrooms. The primary bedroom is oceanside with gorgeous views, hardwood floors, walk in closet and updated bathroom. On the street level sits a 2-car garage with electricity, which offers many uses, such as a studio, guest space, office, gym, etc. This home is the perfect oasis for summer getaways or year round living. Easy access to highway, 30 minutes to Providence/Newport and 1 hour to Boston. Short distance to Stone Bridge, Tiverton Four Corners, Beaches and Marinas.
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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 | $1,100,000 | $1,100,000 | $1,100,000 |
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 | $1,017 | $1,017 | $1,017 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,332 | $7,043 | $9,357 |
Total Monthly Payment | $7,474 | $8,185 | $10,499 |
* 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.