WATERFRONT WITH an EXISTING DOCK. Don't miss your opportunity to live the dream of waterfront living on the Sakonnet River and Narragansett Bay. The dock accesses almost 20 feet of water depth at the end inside the Tiverton/Portsmouth boat basin. The location is south of the Sakonnet River Bridge and North of the Old Stone Bridge. (41. 63163662 / -71. 2181552) This is one of the best PRIVATE locations on The Sakonnet River one might find for sailing and/or power yachts. The access is one of the best in the area with shelter from the wind and tidal ebb and flows. The top deck and stairway will access a large deck and outdoor grilling area. This area overlooks the water and Sakonnet River Bridge. Overlooking all of the vessels in the harbor is a wonderful sight throughout the season. The residence is a contemporary/mixed style home for either year-round living or as a summer home and retreat while enjoying all of the amenities available in the Newport County area. Most of the windows in the home have water views. There are many nooks and places to explore in the home. The exterior is mostly cedar or redwood siding. Invite your friends to tie-up alongside for some summertime fun. The location is a short drive to the golf courses, restaurants, tennis courts and night spots in and around Newport on beautiful Aquidneck Island.
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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** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $784 | $784 | $784 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,600 | $6,157 | $8,304 |
Total Monthly Payment | $6,509 | $7,066 | $9,213 |
* 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.