Welcome to this charming, New England-style colonial nestled on two tranquil acres in the heart of Beechwood Estates. Tucked away at the end of a private cul-de-sac, this picturesque home offers over 3, 800 square feet of open concept, thoughtfully designed living space. Ideally located just 5 miles from URI and 20 minutes from Newport, Providence, and Narragansett's beautiful beaches, it is perfectly situated for both relaxation and convenience. Enjoy the peace of mind of recent updates, including a new boiler, water heater, and air handler in 2022, as well as a brand new roof and skylights in 2024. The spacious primary suite features a walk-in-closet, a large adjoining room, and an en-suite bathroom. The finished third floor walk-up attic features two generously sized rooms ideal for use as a remote office, playroom, or guest quarters. This home is ready to welcome you - come see it for yourself today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$969,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $775,200 | $775,200 | $775,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $691 | $691 | $691 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,341 | $4,710 | $6,386 |
Total Monthly Payment | $5,124 | $5,493 | $7,169 |
* 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.