Experience the ultimate summer retreat at El Reposo, a stunning mansion with breathtaking ocean views, expansive verandas, and charming balconies. Located in the exclusive village of Watch Hill, just a few houses away from Taylor Swift's iconic Rhode Island residence, this property offers direct beach access right across the street. This grand estate boasts 6 spacious bedrooms, 4 full baths, and 2 half baths, providing ample space for family and guests. With the ocean on one side and a meticulously maintained private garden on the other, every room offers a picturesque view. Embrace the timeless elegance of this historic home. Start your day on one of the balconies, enjoying the tranquil coastal ambiance. Inside, you'll find multiple reading nooks, several living rooms, a game room, and a piano, ensuring endless entertainment and relaxation options. El Reposo is the perfect sanctuary from the hustle and bustle, yet conveniently located just a 5-minute drive from downtown. Enjoy the local shopping, exquisite dining, and vibrant entertainment options all within easy reach. Discover luxury and serenity at El Reposo, your ideal summer haven in Watch Hill, Rhode Island.
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Our Executive Mortgage Banker:
Our Insurance Division:
$70,000
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 | $56,000 | $56,000 | $56,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $373 | $372 | $472 |
Total Monthly Payment | $448 | $447 | $547 |
* 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.