This adorable, perfect-for-summer, beach cottage is exactly what comes to mind when you think of getting away from it all. 46 Willow is located in the highly desirable ORCA (Ocean Ridge Civic Assoc) neighborhood, with easy access to area beaches (4 min to Charlestown Beach), Green Hill pond for SUP and kayaking, and fantastic local hiking, shopping and dining options. Use it for yourself or continue it as a highly successful year-round short-term rental known on rental platforms as "The Flour Shack", which has been labeled a guest favorite on rental sites. Upon entry an open floor plan kitchen & living room greet you, giving the interior a large sense of space and nicely highlighting the stone floor-to-ceiling fireplace constructed by the well known and local Spears family of stonemasons. Two generous bedrooms, each with a queen bed, and one full bath complete the layout. The attic space is completely open and can be used as storage or a future renovation can open it to create cathedral ceilings. The door off the kitchen leads to the fenced & private back yard. This yard is substantial, offering a fire pit, and perfect for outdoor dining with lots of green space. Driveway parking for 2 cars. Recent updates include: HVAC mini split system providing central air and heat, electric hot water tank, fully fenced back yard, eco-friendly scratch-resistant flooring made with bamboo, and eco-friendly lime wash paint on walls and fireplace. Some furnishings negotiable. A beach gem!
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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 | $439,920 | $439,920 | $439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $172 | $172 | $172 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,890 | $2,924 | $3,710 |
Total Monthly Payment | $3,154 | $3,188 | $3,974 |
* 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.