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Welcome to your coastal retreat in desirable Sand Hill Cove! This 4-bedroom, 2 full bath Colonial at 120 Chestnut Avenue is perfectly positioned on a quiet dead-end street, just moments from the East Gap, Harbor of Refuge and the open ocean. Breathtaking views of the East Gap entrance to Pt. Judith Harbor and the stunning waters of Block Island Sound from the second floor, with the soothing sounds of the ocean and crashing waves right from your own backyard. Enjoy effortless access to Sand Hill Cove, Roger Wheeler Beach, Galilee and the Block Island Ferry. Built in 1953 and offering 1, 824 square feet of living space on a pretty quarter-acre lot, this home blends classic New England charm with beachside living. Inside, you'll find a warm brick fireplace, both a living room and a family room, and an open kitchen and dining area ideal for gathering after a day at the shore. A full bath on each level adds convenience for guests and year-round living. Step outside to enjoy decks on both levels and a peaceful backyard, perfect for summer barbecues, morning coffee, or relaxing sea breezes. A one-car garage provides additional storage for all your beach gear. Whether you're seeking a year-round residence, a dream vacation home, or a strong investment property, this special Narragansett offering checks every box. Estate sale. Subject to probate court approval.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $490 | $490 | $490 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,216 | $5,757 | $8,105 |
| Total Monthly Payment | $5,831 | $6,372 | $8,720 |
* 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.