Extraordinary residence in Briggs Farm that has been completely and tastefully renovated. Ideally situated directly across from the water presenting beautiful water views of Point Judith Pond throughout. A waterside deck and patio accessed from multiple rooms makes the most of this waterside location and provides sublime relaxation. High ceilings and walls of glass add to the tremendous sense of space, while superb craftsmanship and hardwood floors create a timeless quality. With its impressive open floor plan, entertaining is a breeze. Highlights of the first floor are an exquisite primary suite, a sun filled eat-in kitchen & a living room adorned with a magnificent stone fireplace. You're only steps to the water where you can picnic & experience spectacular sunsets. Enjoy the Association beach offering kayak storage and a dock with easy access to all saltwater activities boat, fish, paddle board, kayak, swim. Minutes to all the white sandy beaches of Southern Narragansett, amazing restaurants and the Port of Galilee where you can catch the Block Island ferry or enjoy fresh seafood. There is plenty of parking and storage with a 2- car garage. This is a delightful coastal property in a quiet yet convenient location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,695,000
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 | $1,356,000 | $1,356,000 | $1,356,000 |
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 | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $610 | $610 | $610 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,699 | $8,460 | $11,351 |
Total Monthly Payment | $8,434 | $9,195 | $12,086 |
* 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.