To-Be-Built New Construction in the Heart of Wakefield! Discover the exceptional opportunity to build your dream home at 128B Rodman Street, Wakefield, RI. Set on a generous lot, this to-be-built home is designed with modern living in mind, including a detached two-car garage and ample outdoor space for relaxation and entertainment. Whether you're seeking to create a luxurious new residence or envision a thoughtful restoration of the existing structure, this property offers limitless potential. Located in the vibrant community of Wakefield, you're just moments away from some of Southern Rhode Island's most desirable attractions. Spend your weekends exploring the charming shops and restaurants of downtown Wakefield, take in the scenic beauty of nearby South County beaches, or enjoy outdoor adventures at the renowned South Kingstown Land Trust trails. With easy access to major highways and proximity to the University of Rhode Island, this property combines the best of both convenience and tranquility. Please note: The home is being sold as a to-be-built new construction, offering buyers the opportunity to customize finishes and designs. The existing structure is also available for purchase in its current as-is condition (MLS: 1363465). Example images provided reflect quality and design concepts but are not representative of the actual home to be constructed.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
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 | $740,000 | $740,000 | $740,000 |
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 | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $233 | $233 | $233 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,202 | $4,617 | $6,195 |
Total Monthly Payment | $4,526 | $4,941 | $6,519 |
* 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.