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Rare opportunity to enjoy waterfront living just a stone's throw from Providence for under $1 million. This updated Victorian cottage blends today's comfort with classic 1900s charm. You'll enjoy 3 bedrooms and 2 full baths, a home office or studio, central air conditioning, a gracious fireplace, and updated kitchen and baths. Relax on the welcoming front porch, then step inside to an airy, open living space that lends itself to a myriad of arrangements from which to enjoy the sweeping views of Narragansett Bay. The updated kitchen has a cozy eat-in area, framed by spectacular water views. A first floor bathroom and laundry room are the epitome of convenience. Upstairs you'll find two generous bedrooms, one of which provides another fabulous vantage point from which to savor the Bay view. The walk-out lower level leads to a broad backyard, defined by a new seawall with steps to the water. Launch a kayak, dip your toes in the water, or simply enjoy the sound of the ocean. The sought-after Narragansett Terrace neighborhood of East Providence is home to the iconic Narragansett Terrace Yacht Club and offers access to a community beach and wonderful community events. Whether you're hosting friends, watching the boats go by from your deck, or enjoying a spectacular sunset, this home's coastal setting delivers a true New England lifestyle just minutes to award-winning dining, shopping, regional train service and the area's best airport. You've been waiting for this one!
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$999,000
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 | $799,200 | $799,200 | $799,200 |
| 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 | $850 | $850 | $850 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,538 | $4,856 | $6,744 |
| Total Monthly Payment | $5,480 | $5,798 | $7,686 |
* 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.