This is it! Just a seabreeze from Rocky Point Park, Burnett Road flanks one of the most alluring American coastlines. Nautical splendor outstretches every sightline, from the panorama of Conimicut and Nayatt Lighthouses, to Rumstick and Poppasquash Points, to the Mount Hope Bridge. Hugging Narragansett Bay, the exterior is meticulously conceived to ensure full waterfront indulgence. Traverse the manicured landscaping amid rainforest-inspired privacy, from the hot tub abutting the custom-made waterfall, to the outdoor entertaining patio, to the mesmerizing firepit. Hop in a kayak or enjoy the boat mooring rights! Not to be outdone, the customized tri-level interior consists of new construction with high-end finishes that did not miss one detail. The first level includes a majestic fireplace, gourmet kitchen with two islands, coffee bar, and upscale SubZero/Wolf appliances. The second level boasts three bedrooms and two bonus areas. The incomparable primary bedroom, with private-staircase access, showcases panoramic water views/sunsets/sunrises, a luxurious outside-facing steam shower, walk-in closet and vaulted wood-beamed ceilings. The top level is comprised of an enormous windowed space and private deck, offering the same expansive vistas. Transform life through the turn of the key of this seaside sanctuary! This property is also available for a one year rental term. See MLS #1371039 for additional details!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $973 | $973 | $973 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,791 | $7,364 | $9,932 |
Total Monthly Payment | $7,889 | $8,462 | $11,030 |
* 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.