Enjoy 360 degree water views from this stunning architect designed retreat in Common Fence Point with sunrise views over the Sakonnet River and sunset views over Mount Hope Bay. Walk to the beach and enjoy kyaking, paddleboarding and boating right in your back yard. This home has Pella Windows and sliders throughout. 3 bedroom 2 bath home features an open first floor plan with a chef's kitchen featuring Thermador gas stove, Thermador refrigerator, fisher pakel 2 drawer dishwasher, Neolith counters and custom cabinetry. The kitchen opens to a great room with sliding doors onto a large Ipe deck. In addition, this floor has a bedroom and full bath with walk in shower. The 2nd floor features a cathedral ceiling primary bedroom with walk in closet and balcony , and a large guest bedroom with closet and stacked full size washer dryer in closet. The bathroom has a terrazzo tile heated floor, walk in shower and Veil Kohler toilet/bidet. 3rd floor Tower has 360 degree views as well as custom built-in Murphy bunk beds, which retract into shiplap wall. State of the art heating and cooling system, full house generator and lutron lighting system. Backyard gardens include irrigation system. Be on vacation 365 days a year with incredible views and enjoy the Common Fence Point Community Center. 20 minutes to Newport, 10 minutes to Bristol, 2 nearby marinas, golf course, public and private schools, shopping and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $687 | $687 | $687 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,368 | $5,915 | $8,237 |
Total Monthly Payment | $6,180 | $6,727 | $9,049 |
* 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.