72 Summerfield Lane, Middletown, RI, Rhode Island, property flyer

72 Summerfield Lane, Middletown, RI, 02842 | $5,900

Winter rental, available October 1, 2024 through May 31, 2025 (with possible negotiability for the month of June 2025).

This turnkey shingle style coastal home is a one of a kind, privately situated in a coveted country enclave just off of Indian Avenue and a few minutes from Second Beach, Sachuest Point, Sweetberry Farm and a nearby picturesque pebble beach on the Sakonnet River. Sun drenched living spaces, large windows, and convivial living spaces overlook a true outdoor oasis with a wrap around deck for alfresco dining and an inviting Gunite pool surrounded by stunning artisanal gardens. This home was thoughtfully designed with 4 bedrooms, 4 full baths and three floors of living space. The main floor features an open floor plan with newly renovated and fully equipped kitchen, living/dining room with wood burning fireplace, full bath, and first floor bedroom with queen bed. The second floor features tall ceilings with an oversized sun drenched primary suite with both shower and tub, walk in closets and sitting area. There are two additional bedrooms one w/ queen bed and one w/ two full size beds, a shared full bath plus laundry area. The lower level accommodates a tv lounge area plus a full bath, and garage. Amenities include: central ac, outdoor generator, three fridges, barbecue, greenhouse and raised bed gardens. Quick hop to downtown Newport or shopping area in Middletown. Well trained dogs may be considered on a case-by-case basis with an additional pet deposit.

Features

Rooms: 8
Bedrooms: 4
Baths: 4 full
Style: Contemporary

Garage: Attached,Garage
Heating: Oil
Cooling: Central Air
Approx Sq. Feet: 2,456

Pets Allowed: Yes
Lease Term Type: Month To Month
MLS#: 1365956
Website: https://www.raveis.com
/prop/1365956/72summerfieldlane_middletown_ri?source=qrflyer

Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Lila Delman Compass Phone: 401-848-2101

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

Market your home to realize a quick sale at the best possible price
Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
Showcase your home on raveis.com with a larger and more prominent format
Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

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

72 Summerfield Lane, Middletown, RI, 02842

$5,900

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	$4,720	$4,720	$4,720
Term	360 months	360 months	180 months
Initial Interest Rate**	7.000%	6.990%	6.250%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.477%	7.159%	6.498%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$31	$31	$40
Total Monthly Payment	$106	$106	$115

* 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.