Location . . Location . . Location! Located in the Edgewood section of Cranston with a full house lot on Narragansett Blvd. This unique property will provide privacy and the best Providence and Narragansett Bay have to offer. Ten minutes from downtown and on the water with a deep water dock, you can enjoy the Edgewood Yacht Club, Stillhouse Cove and the shops and restaurants in Pawtuxet Village. Welcome to the Boathouse . This gem has been in the same family since the early 1950s and this is the first time that it has been offered to the public in seventy years. . . Start each day with a stunning sunrise and unobstructed view from your deck. On the boulevard, you have a 3-bay garage(possible development opportunity) with plenty of off-street parking. Drop over the top of the hill to your waterfront compound on more than a-half-acre (0. 66) and 129 feet of frontage on Narragansett Bay. This property boasts its own deep-water dock with finger piers to accommodate a few boats, not to mention your very own boat launch to Narragansett Bay! It doesn't get any better than this.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $1,229 | $1,229 | $1,229 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,728 | $5,117 | $6,798 |
Total Monthly Payment | $6,049 | $6,438 | $8,119 |
* 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.