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1400 Ocean Road, Narragansett, RI, 02882 | $725,000
Nestled at the tip of the Pt. Judith Peninsula in the picturesque town of Narragansett, this extraordinary piece of land is a once-in-a-lifetime opportunity to own a coastal dream. Offering unparalleled tranquility and breathtaking views. Imagine waking up to the gentle lullaby of the waves and taking in the magnificent sunsets over the ocean right from your dream home.
Enjoy unobstructed views of the Atlantic Ocean from every angle. Let your imagination run wild as you design a home that maximizes these incredible vistas. Sunrises, sunsets, and the ever-changing seascape will be yours to savor.
Planning has never been easier. This property comes with an approved 2-bed septic design, ensuring that your dream home is set to become a reality. All variances have already been granted, saving you both time & effort. You can dive straight into the exciting process of building your coastal haven.
Narragansett is known for its rich history, stunning landscapes, and a vibrant coastal community. Explore the many fine restaurants, shops, and cultural attractions the town has to offer. Take advantage of the beautiful beaches, world-class surfing spots, and marinas, or simply enjoy the serenity of your private oasis.
Don't miss your chance to own this extraordinary one-of-a-kind property. The opportunity to build your dream home with unparalleled views and all the approvals in place is truly rare. Start the journey toward your coastal paradise in Narragansett, Rhode Island.
Features
- Amenities: Golf,Public Transportation
- Zoning: R-10
- Frontage: 200
- Lot Desc: Level,Wetlands
- View: Saltwater,Water
- MLS#: 1346562
- Website: https://www.raveis.com
/prop/1346562/1400oceanroad_narragansett_ri?source=qrflyer
Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1400 Ocean Road, Narragansett, RI, 02882
$725,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $580,000 | $580,000 | $580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,957 | $3,855 | $4,894 |
| Total Monthly Payment | $4,049 | $3,947 | $4,986 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB