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Presented by
Mario Fajardo |
043 Fairview Avenue, Portsmouth, RI, 02872 | $1,075,000
Welcome to your dream beach house on Prudence Island!
This two-level, 2010 build with a full walkout basement offers panoramic views of Narragansett Bay from every level. Wake up to the sunrise and enjoy the quiet nights with views of the Mt. Hope Bridge.
This home sits on 1. 16 acres, an unheard-of amount of oceanview property on Prudence Island. When building the house, the owners took no shortcuts, using 50-year roof and shingles, PVC trim, and Trex decking. With gardens, stonework, and pathways throughout the property, this is the peaceful getaway you have been searching for.
The first floor is finished with two bedrooms and one bathroom, a custom-crafted stone wood-burning fireplace for winter nights, and a living room and kitchen with breathtaking views of the bay.
The second floor has all electrical and plumbing in place for a new master bedroom, bathroom, and office/bedroom.
The basement has the ability to be set up for two more bedrooms, a bathroom, and another living room, all with water views.
All mechanicals have been updated, repaired, and maintained. This home is on a well with a water filtration system and a large septic system for low maintenance and additional bedrooms/future additions. The large 1-plus acre lot can be subdivided (buyer to do due diligence). This type of home rarely hits the market, and it is move-in ready so you can enjoy every minute of the home while finishing off the other two floors. Schedule your boat trip over to view today!
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Style: Cabin/Cottage,Colonial
- Year Built: 2010
- Garage: No Garage
- Heating: Baseboard,Central,Electric,Oil
- Cooling: None
- Basement: Full,Unfinished,Walk-Out Access
- Approx Sq. Feet: 2,724
- Acreage: 1.16
- Est. Taxes: $5,709
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Electric Water Heater,Disposal,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Washer
- MLS#: 1355158
- Website: https://www.raveis.com
/eprop/1355158/043fairviewavenue_portsmouth_ri?source=qrflyer
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.
Mario FajardoSales Associate
203.526.9131
Mario.Fajardo@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.
Jorge L RiveraVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 12303
203.913.1633
Jorge.Rivera@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
043 Fairview Avenue, Portsmouth, RI, 02872
$1,075,000
Mario Fajardo
Sales Associate
William Raveis Real Estate
Phone: 203.526.9131
Mario.Fajardo@raveis.com
Jorge L Rivera
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $860,000 | $860,000 | $860,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.430% | 6.977% | 6.790% |
| Monthly Tax Payment | $476 | $476 | $476 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,225 | $5,650 | $7,551 |
| Total Monthly Payment | $5,826 | $6,251 | $8,152 |
* 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