16 Courtway Street, Narragansett, RI, 02882 | $1,590,000

Dream location by the sea in Narragansett Pier's beachside community, long-noted as one of America's top vacation destinations. This home sits central to relaxing opportunities of swimming, surfing, fishing, boating, fine seafood dining and entertainment. Or perhaps, you might fancy a stroll along the Pier's winding seawall. Located just two blocks from the white sandy Pier beach with its cool summer breezes, your deck or enclosed front porch is perfect for listening to waves along the shoreline. This house was rebuilt in 1980 and upgraded to present-day energy codes with plenty of opportunity to incorporate your own ideas. Oversized garage will accommodate two cars and a boat along with ample storage. The fenced-in yard offers privacy and a safe place for children and pets to play. Second- story ocean/beach views and 6 off-street parking spaces complete a homey paradise.

Features

  • Amenities: Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full
  • Style: Colonial
  • Year Built: 1930
  • Garage: 3-car Attached,Garage
  • Heating: Baseboard,Gas,Hot Water
  • Cooling: None
  • Basement: Full,Interior Entry,Unfinished
  • Approx Sq. Feet: 2,226
  • Acreage: 0.21
  • Est. Taxes: $5,726
  • Lot Desc: Corner Lot
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Water Heater,Washer
  • MLS#: 1354439
  • Website: https://www.raveis.com
    /eprop/1354439/16courtwaystreet_narragansett_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Alison Cheh

Alison.Cheh@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Theresa GivensVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1870734

203.225.2554

Theresa.Givens@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

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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

16 Courtway Street, Narragansett, RI, 02882

$1,590,000

Alison Cheh

William Raveis Real Estate

Phone: 203.231.2255

Alison.Cheh@raveis.com

Theresa Givens

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.225.2554

Theresa.Givens@raveis.com

NMLS Mortgage Loan Originator ID 1870734

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,272,000 $1,272,000 $1,272,000
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 $477 $477 $477
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,626 $8,250 $11,080
Total Monthly Payment $8,228 $8,852 $11,682

* 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.