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Enjoy coastal living with this stunning custom-built home, perfectly positioned to capture unobstructed views of the West Passage of Narragansett Bay. This residence invites you to embrace waterside serenity and year-round comfort. On the ground level, you'll find an enclosed glass-and-screened patio with a wood-burning stone fireplace perfect for savoring summer breezes or cozy winter evenings while enjoying breathtaking scenery. This level also features a half bath, mudroom, and ample storage. The main floor welcomes you with an open-concept design that maximizes natural light and panoramic bay views. The spacious kitchen boasts a large island, flowing effortlessly into the dining area and living room with a gas fireplace. An office, pantry, and an open covered porch with spectacular vistas round out this floor. Ascend to the next level, where the primary suite becomes your personal retreat. This luxurious space includes dual walk-in closets, a gas fireplace, a spa-like bath, and an office with an enviable view. Two additional bedrooms and a shared bath complete this floor. The detached two-car garage offers storage as well as a second-level private suite with a full bath, perfect for hosting. With direct water access you can launch a kayak, take a swim, or moor your boat in front of the house. Nestled just minutes from the charming village of Wickford, this location combines coastal tranquility with unmatched convenience to New York and Boston via nearby train service.
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$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,125 | $1,125 | $1,125 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,333 | $12,128 | $16,843 |
| Total Monthly Payment | $12,583 | $13,378 | $18,093 |
* 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.