Very rare opportunity to own direct waterfront real estate with your own private dock on Narrow River! This beautiful location is enhanced by a 10-year young new home. The combination of direct waterfront, private dock and a relatively new home make this a perfect purchase. Featuring stunning views from all three floors the main level offers an open concept gathering area with an expansive kitchen island, ample dining area, fireplaced living and huge elevated covered deck overlooking your manicured grounds & water. The main level also offers 2 bedrooms and a full bath. The upper level features an oversized vaulted primary en-suite with another expansive deck with panoramic sunrise views, en-suite luxury bath with large walk-in shower, jacuzzi tub and double vanities. Also offering a practical walk-in closet & cozy home office. The 4th bedroom & storage area compliment the upper level. Your fully finished walkout lower level is filled with natural light and perfect flex space for all types of uses. This level includes your 5th bedroom & storage space. Walkout to your expansive patio w/outdoor shower, shed & fire pit. All set on beautifully maintained landscape w/irrigation & natural beauty. Easily maintained property with low maintenance siding & decking. Your dock can accommodate a 24' boat (21' boat possibly included!) & an attached double jet ski dock. Boat, paddle, kayak right down to Narragansett beach & enjoy all this coastal area offers year-round. Special opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $767 | $767 | $767 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,949 | $8,734 | $11,720 |
Total Monthly Payment | $8,841 | $9,626 | $12,612 |
* 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.