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561 Indian Avenue, Middletown, RI, 02842 | $65,000
Available June for $30, 000. 00, and August 2025 for $65, 000. 00 per month (July is rented). This expansive five-bedroom, five-and-a-half-bathroom, waterfront property on Indian Avenue invites you to experience the epitome of comfort, breathtaking views, and outdoor adventure.
The first level boasts a main kitchen, formal dining room, sitting room, TV room, full bath with a shower, laundry facilities, and a convenient half bath. The smaller breakfast kitchen and spacious living room open up to a bluestone patio with enchanting water views through French doors.
The second floor hosts the king-size primary bedroom, complete with an ensuite bathroom and a balcony that overlooks the picturesque Sakonnet River. The second bedroom features a king-size bed with an attached full bath and additional laundry.
The third and fourth bedrooms are queen-sized with a shared full bathroom, while the fifth bedroom offers two twin beds and proximity to a room with a day bed and crib, and an additional full bathroom with a clawfoot tub. Situated on nearly one acre of land, the property provides direct beach access for paddle boarding and kayaking.
This property offers a perfect blend of comfort, stunning views, and outdoor activities, making it an ideal choice for a memorable summer getaway.
Features
- Amenities: Marina,Near Hospital,Restaurant,Shopping,Tennis Court(s)
- Rooms: 15
- Bedrooms: 5
- Baths: 5 full / 1 half
- Laundry: Common Area
- Garage: Assigned,No Garage
- Heating: Forced Air,Oil
- Cooling: Central Air
- Basement: None,Unfinished
- Approx Sq. Feet: 5,750
- Acreage: 0.9
- Lot Desc: Waterfront
- View: Saltwater,Water
- Pets Allowed: No
- Appliances: Dryer,Dishwasher,Exhaust Fan,Electric Water Heater,Disposal,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
- Lease Term Type: Month To Month
- MLS#: 1370239
- Website: https://www.raveis.com
/prop/1370239/561indianavenue_middletown_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
561 Indian Avenue, Middletown, RI, 02842
$65,000
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 | $52,000 | $52,000 | $52,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $359 | $350 | $442 |
| Total Monthly Payment | $434 | $425 | $517 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB