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26 Richard Smith Road, Narragansett, RI, 02882 | $1,175,000
Bonnet Shores Opportunity Property! This water view updated home has a spectacular rental history both in season and off season. The current owners are working on approving these attached plans from Cordtsen Design Architects for a much larger new multi-level home. The new design will be ready for your builder to execute with your finish to taste! Located on a corner lot at the crest of a hill overlooking both Bonnet Shores Beach and Wesquage Pond, the new plan has a second level and a third level outdoor space. This will maximize the views and add tremendous value. The interior is fresh and inviting as a beach home and offers many updates, a screen room, large yard, and is located just a short walk from the Beach. Utilize or rent this summer while you get your builder lined up for this fall. The Bonnet Lifestyle is amazing, and this is located in the heart of it all! Note: This is the data input for existing home on site not newly designed home that can be built on this site.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Style: Ranch
- Year Built: 1956
- Garage: No Garage
- Heating: Baseboard,Electric
- Cooling: None
- Basement: Crawl Space,Unfinished
- Approx Sq. Feet: 768
- Acreage: 0.12
- Est. Taxes: $4,404
- Lot Desc: Corner Lot
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Electric Water Heater,Oven,Range,Refrigerator,Washer
- MLS#: 1409129
- Website: https://www.raveis.com
/prop/1409129/26richardsmithroad_narragansett_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
26 Richard Smith Road, Narragansett, RI, 02882
$1,175,000
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 | $940,000 | $940,000 | $940,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $367 | $367 | $367 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,118 | $5,560 | $7,743 |
| Total Monthly Payment | $5,610 | $6,052 | $8,235 |
* 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