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Bayridge Beauty 1. 5 Acre Lot with Private Pond. Discover a rare opportunity to build your dream home in the highly desirable Bayridge neighborhood. Set on 1. 5 picturesque acres, this unique property includes a tranquil 0. 5-acre pond - perfect for nature lovers and those seeking peace and privacy. House plans are in place for a stately 2, 600 sq. ft. single-level, 3-bedroom, 2. 5-bath home, with a 3-bedroom septic design already approved. Bayridge isn't just a neighborhood, it's a lifestyle. This friendly coastal community offers a vibrant calendar of social events organized through a voluntary, non-HOA community association. Enjoy cherished traditions like the annual holiday party with breathtaking luminaria displays throughout the neighborhood and beach, as well as a summer family beach party, lobster bake, and neighborhood cookouts. All of this community spirit is yours for just $30/year per family. Located minutes from nearly 500 acres of pristine trails and coastline at Goddard Memorial State Park, a short drive to Main St. in downtown East Greenwich and less than a mile from the private, 18-hole Potowomut Golf Club, this location combines natural beauty, recreation, and community charm. Don't miss the chance to build your coastal retreat in one of Rhode Island's most beloved communities.
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
Monthly Tax Payment | $511 | $511 | $511 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,330 | $3,456 | $4,385 |
Total Monthly Payment | $3,933 | $4,059 | $4,988 |
* 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.