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Discover an unparalleled offering in Barrington's highly sought-after waterfront community. This exceptional residence is currently being used as a side by side two family residence. Thoughtfully designed to offer versatility and comfort, the property features expansive living space ideal for multi-generational living, guests, or flexible lifestyle needs. Envision the potential for creating a single living property, while you relax on the inviting front porch or take in sweeping coastal views from the second-floor deck as you enjoy the beauty of marine life and stunning sunsets. Inside, the home offers gracious living areas, two fireplaces, two full bathrooms on each level, two spacious primary bedrooms with large walk-in closets, and convenient in-home laundry. Additional highlights include a first-floor bedroom, air conditioning, attic storage and direct access to a charming patio and cozy backyard. An outdoor shower and storage shed further enhance the home's coastal appeal. Located in the desirable Bay Spring neighborhood near Latham Park, this property offers unmatched access to the best of Rhode Island living. Walk, bike, or drive just minutes to the East Bay Bike Path, Barrington Beach, and the shops and dining of Barrington Center, with an easy 15-minute commute to Providence. This is a once-in-a-generation opportunity to own on Shore Drive. Whether you are seeking a primary residence or vacation home, 15 Shore Drive delivers extraordinary lifestyle and value.
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$1,150,000
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 | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.133% | 6.183% |
| Monthly Tax Payment | $1,079 | $1,079 | $1,079 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,224 | $5,516 | $7,763 |
| Total Monthly Payment | $6,428 | $6,720 | $8,967 |
* 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.