689 Putnam Pke Pike, Glocester, RI, 02814 | $599,999

14 acres with 760ft frontage zoned commercial and residential. A business owner could store commercial trucks, equipment, materials and many other sales uses. Wonderful intown location close to Smithfield 295 and Chepachet village. Excellent Ponagansett school system. 4 Bed 3 bath 2300sq ft Cape cir1940 rebuilt like new construction from 2018-2020. Not your average Cape custom built open floor plan. New conventional septic and well drilled in 2021. All hardwood floors and tile. 1 bed and full bath on the first floor. Vaulted living room with brick fireplace and woodstove. Second floor laundry room. Luxury master suite with private balcony and master bath. Modern kitchen with granite and island leading to a covered rear porch. Large Garage with 12ft ceiling wired for generator and welder outlet. Efficient propane heat and hot water forced air with central air. Walk out basement. Potential to subdivide based on frontage and lot size. Abuts 80 acre glocester land trust property in the rear, plenty of deer for hunting and a lifetime of firewood. Must see house and land schedule a showing today!

Features

  • Property Type: Commercial
  • Parking: 12-car
  • Heating: Forced Air,Gas
  • Cooling: Central Air
  • Amenities: Golf,High Traffic Location
  • Zoning: B2/A4
  • Year Built: 2018
  • Acreage: 14
  • Est. Taxes: $6,850
  • MLS#: 1366206
  • Website: https://www.raveis.com
    /prop/1366206/689putnampkepike_glocester_ri?source=qrflyer
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Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by HomeSmart Professionals   Phone: 401-921-5011

William Raveis Family of Services

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888.699.8876

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Robert.Reade@raveis.com

Our Insurance Division:

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689 Putnam Pke Pike, Glocester, RI, 02814

$599,999

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 $479,999 $479,999 $479,999
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $571 $571 $571
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,917 $2,917 $3,793
Total Monthly Payment $3,580 $3,580 $4,456

* 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.