Unique waterview opportunity to own a new construction multi-generational home or primary residence with rental income. This property is set up for investment quality future condominium division if desired. The main residence boasts three bedrooms and three full baths (one on the first level). A third floor bonus room has access to a rooftop deck with fabulous view of the waterfront and the historic Hill and Harbor District in East Greenwich. The second unit connects to the main unit with a staircase and hall way. This is a 1244 sq. ft. 1-2 bedroom, 2 bath walkout in-law unit that is all set up for future condominium or rental income. The opportunities here are endless! Keep as one home with guest, in-law, or rental income or separate and sell the second unit with all of the condominium set up done by the developer before closing. All the legal work will be done for you to give you the variety of options. Features all designer and custom high end finishes. The Nantucket styling has the best of the old world with 100% custom new construction quality. Prepped during construction for future elevator if needed. Walk to the marinas, restaurants, main street boutique shops, churches, coffee shops, the Town Library, Scalloptown park, and the soon to be completed Town pickleball courts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,799,000
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 | $1,439,200 | $1,439,200 | $1,439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.348% | 5.911% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,059 | $8,861 | $11,951 |
Total Monthly Payment | $8,184 | $8,986 | $12,076 |
* 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.