Enjoy the ambiance of this Colonial home nestled on 2. 37 acres of serene land! This newly constructed residence boasts a charming design with a total of three bedrooms, including a lavish primary ensuite, ensuring comfort and privacy. With a total of 2 and a half baths, convenience is paramount in this abode. The spacious two-car garage offers ample parking, adding practicality to the elegant colonial architecture. Embrace the tranquility of expansive land while enjoying the comforts of modern living in this idyllic retreat. Minutes from the golden sands of Misquamicut, Watch Hill, and Weekapaug beaches, this haven is a gateway to the coastal treasures of the Ocean State. A mere half-hour drive connects you to the storied shores of Narragansett and Newport, where history and luxury dance along the coastline. The proximity to the University of Rhode Island adds an educational heartbeat to the community, while the allure of nearby Connecticut casinos promises evenings filled with excitement. **NOTE THIS HOME IS NOT COMPLETE YET. WILL BE COMPLETED BY SPRING 2025. All upgrades are in addition to the listed price. There is still a short window to pick out cabinets and colors. ***DIRECTIONS: SET GPS TO 96 ASHAWAY RD, WESTERLY, RI 02891. HOME IS TO THE LEFT.
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$799,000
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 | $639,200 | $639,200 | $639,200 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,360 | $5,524 |
Total Monthly Payment | $4,398 | $4,452 | $5,616 |
* 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.