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689 G2 Succotash Road, South Kingstown, RI, 02879 | $369,000
Your vacation home awaits! Don't miss this rare chance to own a WATERFRONT cottage in the sought after Village at Potter Pond. South County is Rhode Island's destination location to enjoy quahogging, crabbing, fishing, swimming, boating and beaching it! This cottage is a stone's throw away from the Matunuck Oyster Bar & Captain Jacks and a short walk to East Matunuck State Beach. Why sit in traffic when you can wake up and walk to the beach within a few minutes? Looking to own and possibly rent as an investment opportunity? There's an excellent rental history with potential for OWNER FINANCING available to a qualified buyer. Along with the property you will also receive a membership agreement to an LLC meaning you own the land. Opportunities like this do not come along very often! See MLS listing 1372638 for cottage next door as well.
Features
- Amenities: Highway Access,Marina,Near Schools,Public Transportation,Recreation Area,Restaurant,Tennis Court(s)
- Rooms: 1
- Bedrooms: 1
- Baths: 1 full
- Style: Cabin
- Year Built: 1950
- Garage: No Garage
- Heating: Electric,Space Heater
- Cooling: 1 Unit
- Basement: None
- Approx Sq. Feet: 264
- Est. Taxes: $415
- HOA Fee: $8,565 Annually
- Lot Desc: Waterfront
- Appliances: Electric Water Heater,Microwave,Oven,Range,Refrigerator
- MLS#: 1372644
- Website: https://www.raveis.com
/prop/1372644/689g2succotashroad_southkingstown_ri?source=qrflyer
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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
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Our Insurance Division:
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689 G2 Succotash Road, South Kingstown, RI, 02879
$369,000
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 | $295,200 | $295,200 | $295,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
| Monthly Tax Payment | $35 | $35 | $35 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,964 | $1,939 | $2,489 |
| Total Monthly Payment | $2,074 | $2,049 | $2,599 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB