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16 Courtway Street, Narragansett, RI, 02882 | $1,749,900
Nestled in the heart of Narragansett Pier, this property offers an extraordinary opportunity to own in one of the most coveted coastal neighborhoods in Rhode Island. Just steps from the Town Beach, boutiques, and the iconic Towers & Sea Wall, this location captures the essence of seaside living where everything you love about the Pier is right at your doorstep. The existing home enjoys ocean views of Narragansett Town beach from the second floor, & a deck off the rear bedroom. With the right vision, this could become a showpiece. Whether you're dreaming of adding another level or designing a rooftop deck (often referred to as a widow's walk ) to maximize sweeping ocean vistas, the potential here is undeniable. Imagine mornings on your deck with salt air and sunrise views, or transforming the garage area into a stylish ADU or in-law suite with its own private entrance and an upper deck overlooking the Atlantic. With its rare combination of location, ocean proximity, and flexibility, this property stands as a perfect canvas for your next chapter at the coast. A truly exceptional opportunity for the discerning buyer looking to invest in Narragansett's premier lifestyle address where value lies not just in the home itself, but in the incredible setting and future possibilities it holds. 3D Tour enabled & Drone Video of the home and area.
Features
- Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
- Rooms: 7
- Bedrooms: 4
- Baths: 2 full
- Style: Colonial
- Year Built: 1930
- Garage: 2-car Attached,Garage,Garage Door Opener
- Heating: Baseboard,Gas,Hot Water,Zoned
- Cooling: 1 Unit,Window Unit(s)
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 1,986
- Acreage: 0.23
- Est. Taxes: $6,142
- Lot Desc: Corner Lot
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1401710
- Website: https://www.raveis.com
/eprop/1401710/16courtwaystreet_narragansett_ri?source=qrflyer
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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.
Customer Service
888.699.8876
Contact@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
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- 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.
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
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@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
$1,749,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,399,920 | $1,399,920 | $1,399,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.984% | 5.806% |
| Monthly Tax Payment | $512 | $512 | $512 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,515 | $8,281 | $11,532 |
| Total Monthly Payment | $8,152 | $8,918 | $12,169 |
* 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