Experience the epitome of waterfront living at this prime location overlooking the serene Pettaquamscutt Cove on the Narrow River. Situated just one mile from Narragansett Town Beach and Pier, this property offers breathtaking views and unmatched convenience. Step onto the expansive deck, equipped with an awning for shaded comfort, and immerse yourself in the tranquility of the abundant wildlife and peaceful waters. Inside, the impeccably maintained upper level boasts a welcoming eat-in kitchen with direct deck access, seamlessly connecting to the dining and living areas. These spaces are illuminated by natural light streaming through oversized windows, highlighting the hardwood floors and creating a warm, inviting atmosphere. A newly updated half bathroom adds a touch of sophistication. The spacious master suite serves as a private retreat, featuring a recently renovated full bathroom and a secluded balcony perfect for personal relaxation. The lower level offers additional convenience with a dedicated laundry area and a third bedroom complete with its own full bathroom, providing privacy for guests or family members. This property embodies the essence of coastal living, further enhanced by the planned installation of a new natural gas heating and air conditioning system prior to closing. Enjoy breathtaking views, modern comforts, and the serene beauty of waterfront living at its finest.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,665,000
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 | $1,332,000 | $1,332,000 | $1,332,000 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $678 | $678 | $678 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,459 | $8,093 | $10,972 |
Total Monthly Payment | $8,262 | $8,896 | $11,775 |
* 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.