28 Castle Street, East Greenwich, RI, 02818 | $1,990,000

Unique waterview opportunity to own a new construction multi-generational home or primary residence with rental income. This property is set up for investment quality future condominium division if desired. The main residence boasts three bedrooms and three full baths (one on the first level). A third floor bonus room has access to a rooftop deck with fabulous view of the waterfront and the historic Hill and Harbor District in East Greenwich. The second unit connects to the main unit with a staircase and hall way. This is a 1244 sq. ft. 1-2 bedroom, 2 bath walkout in-law unit that is all set up for future condominium or rental income. The opportunities here are endless! Keep as one home with guest, in-law, or rental income or separate and sell the second unit with all of the condominium set up done by the developer before closing. All the legal work will be done for you to give you the variety of options. Features all designer and custom high end finishes. The Nantucket styling has the best of the old world with 100% custom new construction quality. Prepped during construction for future elevator if needed. Walk to the marinas, restaurants, main street boutique shops, churches, coffee shops, the Town Library, Scalloptown park, and the soon to be completed Town pickleball courts.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Style: Colonial
  • Year Built: 2023
  • Garage: No Garage
  • Heating: Forced Air,Gas,Zoned
  • Cooling: Central Air
  • Basement: Exterior Entry,Full,Interior Entry,Partially Finished
  • Approx Sq. Feet: 3,997
  • Acreage: 0.22
  • Est. Taxes: $0
  • Lot Desc: Corner Lot,Waterfront
  • View: Saltwater,Water
  • Appliances: Dishwasher,Exhaust Fan,Gas Water Heater,Microwave,Oven,Range,Refrigerator
  • MLS#: 1356201
  • Website: https://www.raveis.com
    /eprop/1356201/28castlestreet_eastgreenwich_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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Chris CainSales Associate

408.439.5154

Chris.Cain@raveis.com

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Bob FlynnVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 6314

508.944.8218

Bob.Flynn@raveis.com

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978-337-3053

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Our Insurance Division:

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28 Castle Street, East Greenwich, RI, 02818

$1,990,000

Chris Cain

Sales Associate

William Raveis Real Estate

Phone: 408.439.5154

Chris.Cain@raveis.com

Bob Flynn

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.944.8218

Bob.Flynn@raveis.com

NMLS Mortgage Loan Originator ID 6314

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,592,000 $1,592,000 $1,592,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.664%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,673 $10,458 $13,868
Total Monthly Payment $9,798 $10,583 $13,993

* 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.