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Never before offered for sale, don't miss the opportunity to own this rare property with approximately 100 ft of waterfront on the East Passage of Narragansett Bay. As the only house on a road leading from East Shore Road on Jamestown's north end, the property is nicely landscaped with mature trees and stone walls. This two bedroom handcrafted contemporary with detached accessory structure is move-in ready for this summer with hot tub, mooring and beach. The home lies at the top of a gentle slope. The front door enters into a sunlit foyer, which leads into the open layout of the kitchen, dining area/living room and allows for stunning sunrise waterviews. The main floor boasts a wood fireplace, 2 decks and a sunroom overlooking the Bay. The walkout lower level has a rec room with a wood stove, hot tub room, utility room, and an unfinished storage area with a retractable overhead door access for easy boat storage. The gently sloping yard to the beach and Narragansett Bay, along with a mooring, makes this property ideal for swimming/boating enthusiasts. The property includes a detached 2 car garage with a greenhouse. Possibilities abound for renovating or building new as a 6- bedroom OWTS (septic) design application has been APPROVED by RIDEM. Preliminary Determination applications to CRMC are pending to clarify coastal setbacks, view corridors, and details for the construction of a larger home and/or accessory building on the property. Enjoy the peace and quite of Jamestown.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,066 | $1,066 | $1,066 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,246 | $16,787 | $23,251 |
| Total Monthly Payment | $16,437 | $17,978 | $24,442 |
* 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.