Privately situated between Matunuck Oyster Bar and East Matunuck State Beach this stunning Townhouse has breathtaking water views. With the potential to further develop the first floor creating 2 bedrooms it still comfortably sleeps 6. The entry floor has space to relax and sleep as well as a 1/2 bath with sliders opening to a stone patio and an enclosed outdoor shower. An oversized one car garage w/ 3 additional parking spots and additional guest parking as well. As you ascend to the 2nd floor the views from all points are amazing. Everything here is so tastefully done. The primary bedroom and bath as well as the custom kitchen and sun drenched living room present a true paradise. The 2nd floor deck boasts incredible views of the marsh and Snug Harbor. This seaside home is perfect for entertaining. Whether it's morning coffee, afternoon cocktails in the sun on the deck , or admiring the sunsets you won't want to leave. You can see Block Island , hear the sound of the waves from the beach, and even the Block Island Ferry preparing to depart as well as admire the birds in their sanctuary. Fully furnished, this coastal beauty affords you the option to move right in or choose to use it as a 2nd home or investment property. 45 minutes to Boston and 3 hours to NYC. A gated community that is host to 16 individual New England style townhomes. This property also has private access to the pond where you can launch your kayak or paddle boards. and is walking distance to the beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,900
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 | $1,039,920 | $1,039,920 | $1,039,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | $789 | $789 | $789 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,069 | $6,573 | $8,775 |
Total Monthly Payment | $6,982 | $7,486 | $9,688 |
* 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.