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133 Winterberry Road, Narragansett, RI, 02874 | $495,000
AIRBNB GUESTS HAVE CHECKED OUT & NOW AVAILABLE FOR SHOWINGS!! Investment, vacation home, or primary residence. . . this is the spot you have been waiting for! Welcome to your dream beach cottage, with deeded beach rights, perfectly nestled in the sought-after Pettaquamscutt Lake Shores community of Narragansett. Completely rebuilt from the foundation up in 2019, there isn't much to do here but enjoy, live, or collect profits. High end interior finishes such as granite countertops, hardwood floors, and vaulted ceilings. Currently operating as a successful Airbnb generating over $40, 000 annually with an average nightly rate of $335 during peak season. This cottage offers significant income potential, especially with the opportunity to finish the basement (288 sq. ft. ), and increase rental income to an estimated $505/night peak season. Exclusive private beach rights provide that "destination" experience for Shores community residents. A few steps down the street you can canoe, swim, or kayak from the private beach. Located just minutes to Narragansett Town Beach, and 20 minutes to Newport, Block Island Ferry, or Point Judith. Narragansett is one of the most sought-after vacation destinations, the perfect location, and the perfect home to fit any buyer! Active Airbnb -cross posted ML1365977
Features
- Amenities: Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 5
- Bedrooms: 1
- Baths: 1 full
- Style: Cabin,Ranch
- Year Built: 1956
- Garage: 1-car Attached,Garage
- Heating: Baseboard,Electric,Other
- Cooling: Ductless
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Approx Sq. Feet: 864
- Acreage: 0.14
- Est. Taxes: $3,534
- HOA Fee: $85 Annually
- Appliances: Electric Water Heater
- MLS#: 1364752
- Website: https://www.raveis.com
/prop/1364752/133winterberryroad_narragansett_ri?source=qrflyer
Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Room Information
| Type | Level |
|---|---|
| Dining Room | Main |
| Full Bath | Main |
| Kitchen | Main |
| Living Room | Main |
| Primary Bedroom | Main |
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
133 Winterberry Road, Narragansett, RI, 02874
$495,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $396,000 | $396,000 | $396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $295 | $295 | $295 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,635 | $2,632 | $3,395 |
| Total Monthly Payment | $3,004 | $3,001 | $3,764 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB