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118 Bay Street, #4, Westerly, RI, 02891 | $1,375,000
Perfectly positioned in the heart of Watch Hill, this meticulously maintained 2-bedroom, 2-bath residence offers an unmatched coastal lifestyle just steps from the village's most coveted destinations. With 924 square feet of thoughtfully appointed living space and a private deck overlooking the harbor, Unit 4 captures the essence of Watch Hill living. Wake up to sweeping harbor views and spend your days walking to any of the area's three beaches East Beach, Napatree Beach, and Watch Hill Beach, home to the iconic Flying Horse Carousel as well as the legendary Ocean House and Bay Street's celebrated shops and restaurants. The deck serves as your private vantage point for taking in the timeless rhythm of the harbor, from morning coffee as sailboats head out for the day to evening cocktails accompanied by stunning front-row sunset views. Inside, the residence is turn-key and impeccably cared for, featuring two well-proportioned bedrooms, two full bathrooms including a primary en-suite, a full kitchen, central A/C, and a layout designed to maximize both comfort and the surrounding views. Whether you are seeking a summer retreat, a year-round coastal home, or a premier investment in one of New England's most desirable seaside villages, this is a rare opportunity to own a piece of Watch Hill.
Features
- Parking: 1-car
- Heating: Forced Air,Gas
- Cooling: Central Air
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Year Built: 1938
- Common Charge: $454 Monthly
- Approx Sq. Feet: 924
- Est. Taxes: $6,407
- View: Saltwater,Water
- Pets Allowed: Yes
- Appliances: Dishwasher,Gas Water Heater
- MLS#: 1412721
- Website: https://www.raveis.com
/prop/1412721/118baystreet_westerly_ri?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
118 Bay Street, #4, Westerly, RI, 02891
$1,375,000
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 | $1,100,000 | $1,100,000 | $1,100,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $534 | $534 | $534 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,160 | $6,684 | $9,208 |
| Total Monthly Payment | $6,819 | $7,343 | $9,867 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB