Charming three-bedroom, one-bath (Room for a possible second bath) Cape located in the sought-after Fairlawn neighborhood of Pawtucket, Rhode Island. This property offers incredible potential at an aggressive price, making it a fantastic value-add opportunity. Inside, you'll find a spacious layout with a large eat-in kitchen, hardwood floors, a cozy brick fireplace, and a walk-out basement. Enjoy the serene surroundings from the three-season porch, which overlooks a picturesque landscape. Situated on a quiet dead-end street, this neighborhood has a peaceful, suburban feel, it's conveniently just minutes from I-95, providing easy access in all directions. Plus, the vibrant city of Providence is only a 10-minute drive away, where you can explore top-notch shopping, dining, entertainment, and public transportation options that can get you to your desired destination quickly. There is an additional 4135 SF lot available that can be purchased separately. This home may qualify for a one percent lower interest rate depending on buyers' income and other underwriting criteria. Don't miss this opportunity call now to schedule your private showing!
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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 | $271,920 | $271,920 | $271,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $265 | $265 | $265 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,832 | $1,807 | $2,293 |
Total Monthly Payment | $2,172 | $2,147 | $2,633 |
* 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.