Welcome to 31 Ocean View Drive, Middletown. This Colonial style home was built in 2010 by the local builder, Tom Settle. This is the first time offered to the market. The property is located on a 39, 000 sq. ft. lot and offers beautiful views of Easton's Beach. The many features include an Open Floor Plan for the living & kitchen area that is perfect for entertaining, a 1st Floor En Suite, the Primary has its' private bath and a deck with unobstructed views of the beach and the Cliff Walk, hardwood floors throughout the home, laundry on the 2nd floor & hook up in the basement too, all the bedrooms are spacious and sunny, 2 car garage, yard sprinkler system, outdoor shower, gas utilities, and town water & sewer. The third level is a large bedroom and could be also a great office/family room. With just under 4, 000 total sq. ft living, including a partially finished lower level, this house offers lots of space for everyone. Minutes to the Beaches, Restaurants, Shops, Mansions and Downtown Newport!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,162 | $1,162 | $1,162 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,980 | $7,560 | $10,093 |
Total Monthly Payment | $8,267 | $8,847 | $11,380 |
* 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.