291 Spencer Avenue, Warwick, RI, 02818 | $1,399,000

Set high on one of Warwick's most coveted streets, this 5-bedroom home blends historic charm with modern updates, all within walking distance to Main Street, East Greenwich. Enjoy restaurants, shops, cafes, The Odeum, library, and marina with waterfront dining steps away. Built in 1924, the home features nearly all new mechanicals, including high-efficiency heating, new electrical, and a 2-year-old roof. Refinished hardwood floors, fresh paint, updated lighting, and Schumacher wallpaper honor its original character. A freshly paved driveway and new LG washer/dryer add convenience. Spanning 3 levels, the home offers abundant natural light, period details, 3 fireplaces, and distant water views. The 1st floor features a redesigned eat-in kitchen with white quartz countertops and stainless steel appliances, plus a scullery with prep sink and pantry, formal dining room, spacious living room, sunroom, half bath, and mudroom. The 2nd floor includes the primary bedroom with dressing area and ensuite, sitting nook with bay window, 2 additional bedrooms, and full bath. The renovated 3rd floor with full bath offers flexible space for bedrooms, guests, office, playroom, or studio. Outside, the private patio, landscaped lawn, and garden create a peaceful retreat. Blending timeless character with thoughtful updates, 291 Spencer offers refined coastal living in a prime walkable location, inviting its next owner to complete the transformation into their ultimate dream home.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Other,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,See Remarks,Tennis Court(s),Sidewalks
  • Rooms: 11
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Style: Colonial
  • Year Built: 1924
  • Garage: 2-car Detached,Garage,Garage Door Opener
  • Heating: Gas,Hot Water
  • Cooling: None
  • Basement: Exterior Entry,Full,Interior Entry,Unfinished
  • Approx Sq. Feet: 4,127
  • Acreage: 0.46
  • Est. Taxes: $12,753
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Exhaust Fan,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
  • MLS#: 1409283
  • Website: https://www.raveis.com
    /eprop/1409283/291spenceravenue_warwick_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Christine Kreiseder-HendleySales Associate

860.874.9730

Christine.Hendley@raveis.com

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.919.8074

Heidi.Summa@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

291 Spencer Avenue, Warwick, RI, 02818

$1,399,000

Christine Kreiseder-Hendley

Sales Associate

William Raveis Real Estate

Phone: 860.874.9730

Christine.Hendley@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,119,200 $1,119,200 $1,119,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $1,063 $1,063 $1,063
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,180 $6,710 $9,294
Total Monthly Payment $7,368 $7,898 $10,482

* 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.