11.5 beautiful acres of nicely wooded, relatively level land in Perryville/Matunuck Hills area of South Kingstown. The property is zoned residential (R80), on a private, dead-end road. Amazing location. It's only a 5-minute drive to the SK Town Beach and has close proximity to many other beaches, dining locales, marinas, shopping, and Rte. 1 access to Narragansett, Charlestown, Westerly, and beyond! Rt. 95 access is minutes away. The property was recently surveyed, and DEM soil PERC tests were deemed favorable for an OWTS (septic design). Flood insurance is not required. The location offers the ultimate privacy & seclusion. The lot is accessed by way of an existing easement from a private road (Apple Tree Ln). Preliminary clearing is done for the site and driveway/access.
201 Gravelly Hill Road, South Kingstown, RI, 02879
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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