Experience the perfect blend of coastal living and luxurious customization in this extraordinary opportunity. Nestled within a pristine 2. 38-acre lot, just minutes from beautiful beaches and the picturesque Watch Hill and Avondale areas, this property offers an unparalleled lifestyle for the discerning out-of-town buyer. Imagine waking up to your morning coffee with views of Colonel Willies Cove and nature preserve. With swift access to golf courses, both private and public, tennis courts, pickleball facilities, Marinas & local airoirt. This location is a paradise for those seeking active outdoor pursuits. The convenience of downtown dining and shopping is at your doorstep. You'll also find yourself across the street from a renowned restaurant. This is the perfect canvas for your dream home. The owner, has secured all necessary approvals to construct up to a 4, 622 sq ft masterpiece, complete with a spacious 2-car garage (28'x30'). The design could include a rooftop deck that promises endless moments of entertainment while soaking in panoramic vistas. Approvals with CRMC assent and OWTS septic design approval in place, allowing construction to commence immediately. Seize this chance to create your coastal dream home in the ideal location. Make your move today and embrace a lifestyle filled with beachside bliss, outdoor adventures, and the finest in dining and entertainment all within a 5-minute radius.
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Our Executive Mortgage Banker:
Our Insurance Division:
$545,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $436,000 | $436,000 | $436,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,937 | $2,898 | $3,677 |
Total Monthly Payment | $3,029 | $2,990 | $3,769 |
* 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.