Welcome to paradise!! If you are looking for privacy and room to roam then 320 Richwood Down Drive is a must see. 1997 custom built 4703SF Charleston style home offers 3 very spacious bedrooms, 3 full and one half baths, 43x12 FROG (family room over garage), formal living room/great room with gas long fireplace, office off main foyer, formal dining room, breakfast nook combined with a fully equipped kitchen with all new appliances replaced in 2019/2020, wet bar, sun room with new vinyl plank flooring installed 2018, spacious laundry room with built ins, upper and lower front porches, and a huge back deck fully replaced in 2021, wood exterior fully repainted in 2011, PLUS attached 3 car garage and a 30x34x12 detached 3 car garage with 10’ roll-up doors and 1 walk-through door, irrigation system, brand new water softener system replaced in 2024, and well water system with 1 ½ HP control box replaced in 2014. 21X16 Primary suite on main level and offers huge bath with separate jetted tub and shower, dual vanities, private water closet plus walk in closet with built ins. Upstairs are your additional bedrooms, a loft that opens to the upstairs porch, and storage galore plus that huge FROG with gas log FP. Attic is fully floored and could easily be turned into a third floor if more space is needed. All of this on 19. 5+/- acres with a pond. Newer HVAC (3. 5 ton upstairs, 5 ton downstairs – 2016, propane furnace, 2023), septic pumped in 2022, roof replaced in 2016, 2 tankless hot water heaters installed 2024, new vapor seal and commercial dehumidifier installed in crawlspace in 2023, beautiful Pella front door and 2 front porch access doors replaced in 2021, and more! Home has been well maintained and is being sold as is; however, Seller may entertain repairs on major items. Richwood Down Drive is a private road with a recorded maintenance agreement. Property is partially (nearly completely enclosed) fenced and suitable for cows, horses, chickens, etc. Minimal restrictions on property. Sale includes tax map #5270000006 and part of 5270000009.
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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 | $840,000 | $840,000 | $840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $86 | $86 | $86 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,309 | $5,379 | $7,317 |
Total Monthly Payment | $5,520 | $5,590 | $7,528 |
* 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.