Presented byKylie Castellano |
Welcome to your dream coastal retreat in Warwick, RI! This charming 2-bedroom cottage is a true gem, offering the perfect blend of tranquility and convenience. Nestled on a double lot in the Bay Ridge neighborhood, this property provides ample space for outdoor activities and future expansion. Enjoy the luxury of a private beach just a short walk away, perfect for sunbathing, swimming, or evening strolls. The quiet streets with no through traffic ensure a peaceful living environment, ideal for those seeking a serene escape. Step inside to discover a cozy, well-loved family beach home featuring a gorgeous sun porch your new favorite spot for morning coffee or evening relaxation. The cottage boasts a spacious yard and the charm of a home that has been cherished for generations. Location is key, and this property does not disappoint. You'll find yourself within walking distance to the beautiful Goddard State Park, offering extensive walking trails, picnic areas, and stunning views. Additionally, the home is close to numerous local amenities, making daily errands and leisure activities a breeze. This property is not just a home; it's an opportunity. Whether you're looking to move in and enjoy its existing charm, or envision building your dream home on this prime piece of real estate, the possibilities are endless. Don't miss out on this rare chance to own a piece of paradise in Warwick, RI. Contact us today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,900
Sales Associate
William Raveis Real Estate
Phone: 631.512.3665
Kylie.Castellano@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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $331 | $331 | $331 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,694 | $2,658 | $3,373 |
Total Monthly Payment | $3,100 | $3,064 | $3,779 |
* 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.