A new roof, new a/c and new generator have just been added to this classic New England 3 bed 2. 1 bath home in the sought after Pier area. The high ceilings, beautiful moldings, and hardwoods throughout make this the ideal home for summer or year round enjoyment. The large living room with fireplace is perfect for family gatherings and opens up to the outdoor living space which includes a beautiful salt water pool and hot tub. The large dining room is perfect for hosting holidays or other special occasions. Upstairs you will find 3 generously sized bedrooms which includes a fireplace in the primary. An oversized 3 car garage gives you plenty of room for cars or to store any extra equipment you may have. If a bedroom is needed on the first floor the dining room can be completely closed off to make a first floor bedroom. The location of this house is very quiet but you are a short walk or bike ride to the sea wall or to grab a cup of coffee. The Narragansett Town Beach is also just a stroll away. Come see all of the possibilities this house holds for you to start enjoying the fun and fabulous Narragansett way of life!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
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 | $1,440,000 | $1,440,000 | $1,440,000 |
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 | $821 | $821 | $821 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,634 | $9,340 | $12,544 |
Total Monthly Payment | $9,580 | $10,286 | $13,490 |
* 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.