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715 Forest Parkway, Middletown, RI, 02842 | $104,000
Why rent when you can own this home. (financing available with 10% down payment, and estimated payment of less than $1, 700 a month including loan payment, taxes, insurance, and park rent), Home is located just a short distance from downtown Newport, beaches, restaurants, and shopping. This home is a 1 Bedroom 1 bath home in like brand-new condition. This home has been totally renovated with new siding, roof, windows, skirting, flooring, bath, sheetrock, kitchen, appliances (dishwasher not working), new washer/ dryer, and electrical fixtures throughout home. Most items in home are included in sale (see list). The park has no age restrictions but does not allow for the home to be rented out (must be owner occupied, and park approval is needed for all buyers).
This home would make a great 2nd home being located so close to Newport and everything it has to offer.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Other,Public Transportation,Recreation Area,Restaurant,Shopping,See Remarks
- Rooms: 3
- Bedrooms: 1
- Baths: 1 full
- Style: Manufactured Home
- Year Built: 1985
- Garage: No Garage
- Heating: Electric,Other,Zoned
- Cooling: Ductless,Central Air
- Basement: None
- Approx Sq. Feet: 492
- Est. Taxes: $1,547
- HOA Fee: $811 Monthly
- Appliances: Dryer,Dishwasher,Electric Water Heater,Oven,Range,Refrigerator,Washer
- MLS#: 1366407
- Website: https://www.raveis.com
/prop/1366407/715forestparkway_middletown_ri?source=qrflyer
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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:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
715 Forest Parkway, Middletown, RI, 02842
$104,000
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 | $83,200 | $83,200 | $83,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | $129 | $129 | $129 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $575 | $561 | $708 |
| Total Monthly Payment | $779 | $765 | $912 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB