Where coastal living meets contemporary comfort. This stunning home features 3 bedrooms and 2 full bathrooms spread across 1, 408 square feet of stylish living space overlooking South Shore Beach and the Atlantic Ocean. The property also INCLUDES A 15, 000 SF LOT AT 18 OLD BARN RD (SEPTIC DESIGN PENDING), providing endless potential for expansion or investment. Immerse yourself in the breathtaking water views from this home, offering an idyllic backdrop for tranquil living. With convenient access to South Shore Beach, this residence is perfectly situated for those seeking easy summer living and outdoor enjoyment. Embrace the allure of seaside living with private water access via neighborhood path, creating a seamless connection to the coastal landscape. Step inside to discover the antique French oak floors beneath your feet and a thoughtfully designed custom, kitchen, where culinary aspirations come to life amidst modern amenities. Designed like a boat and professionally decorated, this home is set up to maximize entertainment and sleeping. Air conditioning ensures year-round comfort, while a whole house generator provides peace of mind. Outside, relish in the luxury of multiple private outdoor spaces, ideal for entertaining or simply unwinding in the fresh sea breeze. This property is a rare find, offering a harmonious blend of modern comforts and coastal charm. 2 Properties and 2 Deeds will convey. Assessment for both properties is $1, 231, 800. Buyer to pay LCACT at closing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,975,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $509 | $509 | $509 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,971 | $9,857 | $13,226 |
Total Monthly Payment | $9,605 | $10,491 | $13,860 |
* 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.