355 Spinnaker Lane, #355, Bristol, RI, 02809 | $905,000

Discover enviable water views from this remarkable condominium with its elevated position on a hillcrest overlooking an open meadow. Prepare to be captivated by ever-changing sunsets that paint the sky in an array of colors. The single level first floor is easily accessed from the 2 car detached garage and welcoming front porch. The light, bright kitchen with ample storage has views from the built-in bench. The gracious living room, accented by hardwood floors with a lovely fireplace and cathedral ceilings, has a wall of windows and doors that lead to an expansive deck providing outdoor light and living. The spacious primary bedroom retreat also boasts soaring ceilings and windows, an ensuite bath, walk-in closet and separate deck access. A second bedroom and full bath complete the entry level first floor. The lower level offers a huge family room with a second fireplace and sliders to a large private patio, and a second primary bedroom suite with full bath. Laundry, a storage/flex space room and utilities are conveniently situated in this area. Prestigious gated North Farm amenities include private beach, clubhouse, outdoor pool, tennis courts, boat launch, small craft storage, and direct access to East Bay Bike Path. Enjoy the best of both worlds -a serene waterfront setting and easy access to urban amenities. North Farm is not just a place to call home, it's a lifestyle. Buyer pays Working Capital of of 1% of sale price to North Farm Homeowners Association at closing.

Features

  • Parking: 4-car
  • Heating: Baseboard,Electric,Individual
  • Cooling: Central Air
  • Amenities: Maintenance,Pool,Recreation Room,Tennis Court(s),Trail(s)Clubhouse,Marina,Maintenance On-Site,Near Schools,Pool,Public Transportation,Recreation Area,Shopping,Tennis Court(s),Trails/Paths
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: In Unit
  • Year Built: 1986
  • Common Charge: $833 Monthly
  • Approx Sq. Feet: 3,679
  • Est. Taxes: $8,413
  • View: Saltwater,Water
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Exhaust Fan,Electric Water Heater,Disposal,Microwave,Oven,Range,Refrigerator,Range Hood,Water Heater,Washer
  • MLS#: 1350020
  • Website: https://www.raveis.com
    /prop/1350020/355spinnakerlane_bristol_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Residential Properties LTD.   Phone: 401-245-9600

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888.699.8876

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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

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@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
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355 Spinnaker Lane, #355, Bristol, RI, 02809

$905,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $724,000 $724,000 $724,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.377% 6.851% 6.664%
Monthly Tax Payment $701 $701 $701
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,341 $4,696 $6,307
Total Monthly Payment $5,134 $5,489 $7,100

* 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.