Discover the hidden potential of 128B Rodman Street, Wakefield, RI. This fully gutted 2-bedroom ranch is a blank canvas, eagerly awaiting your creative vision and craftsmanship to transform it into the home of your dreams. Whether you envision building a brand-new home or restoring the existing structure, this property offers many possibilities. The spacious lot provides ample room for expansion, landscaping, and outdoor living spaces. Nestled in the heart of Wakefield, this property is conveniently located close to some of the area's most sought-after attractions. Enjoy easy access to beautiful beaches, the scenic South County Bike Path, and the vibrant University of Rhode Island, just a 10-minute drive away. Indulge in the local charm with nearby dining, shopping, and entertainment options, making it an ideal location for both relaxation and adventure. This property presents a fantastic investment opportunity for savvy buyers. Please note that the property is being sold in as-is condition, offering you the freedom to bring your vision to life without limitations.
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Our Executive Mortgage Banker:
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$365,000
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 | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $233 | $233 | $233 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,918 | $1,918 | $2,444 |
Total Monthly Payment | $2,225 | $2,225 | $2,751 |
* 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.