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Located in the highly sought-after Warwick Neck neighborhood, this well-maintained 2-bedroom, 1-bath ranch offers single-level living in one of Warwick's most desirable coastal communities. With numerous major updates already completed, this home presents a rare opportunity for buyers seeking a solid property in a premier location. The main level features a functional layout with an updated kitchen & bathroom (2011), while the full basement expands living space with a family room & office, ideal for remote work, recreation, or entertaining space. Significant improvements provide value and peace of mind, including roof & driveway replaced in 2009, sewer tie-in 2009, siding (2011), and added insulation upgrades. Additionally boiler was replaced in 2007, oil tank in 2017, 200 amp electrical panel and whole-house generator installed in 2018, irrigation system (2013), water heater (2021), and chimney update completed in 2022. Not to mention the fenced-in backyard with pergola and convenient patio off the kitchen. Warwick Neck is known for its quiet tree-lined streets, coastal charm, and proximity to Narragansett Bay. Residents enjoy access to Warwick Country Club, marinas, waterfront dining, and scenic shoreline walks, while granting access to highways & TF Green Airport. Homes in this location with extensive mechanical updates and additional finished living space rarely become available, making this a standout opportunity to enjoy lifestyle and long-term value of Warwick Neck.
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$350,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | $292 | $292 | $292 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,679 | $1,747 | $2,325 |
| Total Monthly Payment | $2,046 | $2,114 | $2,692 |
* 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.