Location!! Own this charming 3 bed/2 bath ranch style home, nestled on a large corner lot in the lovely neighborhood of Common Fence Point with a brand new conventional septic system installed in October 2024 and a newer roof done in 2021!! This home boasts of newly refinished hardwood floors, bathroom updates, fresh paint throughout, an eat-in kitchen with new flooring and stainless steel appliances, a spacious living room, and a primary bedroom with a connecting full bath. The fully finished basement adds extra living space with new flooring, fresh paint, washer and dryer, an additional reach-in freezer and refrigerator for food storage, a second full bath and an extra large bonus room with an additional adjoining room with sink and cabinets great for art supplies or other hobbies!! Enjoy the warmer weather months on an amazing wrap around deck and front porch with golf course views, as well as peaceful walks around the neighborhood and to the local beach and community hall great for socializing. Commute with easy highway access, or stay local, being located just a short drive to restaurants, shopping, sports complex, international polo matches and all that Newport has to offer! Easy to show. More photos to come.
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Our Executive Mortgage Banker:
Our Insurance Division:
$515,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $412,000 | $412,000 | $412,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,741 | $2,738 | $3,474 |
Total Monthly Payment | $3,160 | $3,157 | $3,893 |
* 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.