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Situated along the southern coast of Rhode Island, this 4-bedroom, 3. 1-bath home is under 5 miles from Watch Hill's popular beaches, local shops, and restaurants The home itself offers its own resort-style living with a swimming pool, stone terraces and hot tub to please a weekend crowd. Lushly landscaped with added lighting, an eye-catching cathedral ceiling greets you at the entry. The entire back end of the first floor is open and includes a kitchen with center island, dining area, and family room with gas fireplace. Sliding-glass doors lead out to the rear deck and steps down to the spacious backyard with mature trees for privacy. Back inside, a handsome office with French doors and an enclosed sunroom complete the main floor. Upstairs, discover the primary suite with a private full bath, 3 more bedrooms with a shared bath, and a great room over the garage. The finished walkout lower level lets you customize your living/entertaining/working space to your liking. 2 full-size garage spaces, a bonus garage, security system, sprinklers, generator and a new roof cap off this outstanding coastal gem. Centrally located between MA and CT, you'll be a short distance from the majestic beaches of Watch Hill, boutiques, and fine dining. Nearby Post Road is perfect for regular errands. Residents enjoy nature preserves, walking trails, and nearby golf and tennis.
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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 | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | $683 | $683 | $683 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,132 | $6,826 | $9,114 |
Total Monthly Payment | $6,940 | $7,634 | $9,922 |
* 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.