Step inside this easy-living condo to discover a warm and inviting atmosphere, where the multi-windowed sunroom beckons you to relax with a good book or enjoy a morning coffee bathed in natural light. The open layout seamlessly connects the living areas, making it ideal for entertaining friends and family. The kitchen is equipped with modern conveniences, including all newer stainless steel appliances and granite countertops ensuring your daily chores are a breeze. There is also a newer washer and dryer in the unit. A spacious living room with a woodburning fireplace is the perfect place to gather. For those who love the outdoors, the private patio offers a tranquil space to unwind or host a summer barbecue. And if you are a water enthusiast, you can access the waterfront just down the street, where you can launch a kayak, paddleboard, or simply take a refreshing swim. Embrace the coastal lifestyle with boating opportunities nearby, and relish the beauty of Narragansett's stunning surroundings. Don't miss the chance to make 7 Cinnamon Lane your new home a place where comfort meets convenience in a picturesque setting. Professional photos coming tomorrow!
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,999
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 | $519,999 | $519,999 | $519,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $242 | $242 | $242 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,503 | $3,547 | $4,494 |
Total Monthly Payment | $3,837 | $3,881 | $4,828 |
* 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.