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Rare opportunity to own in the heart of one of Rhode Island's most sought-after coastal communities! Located in the coveted Pier neighborhood of Narragansett, this charming contemporary split-level Cape offers an unbeatable location just a short walk to Narragansett Town Beach, the seawall, shops, restaurants, and everything the Pier has to offer. Set on a quiet street in a delightful neighborhood, this 3-bedroom, 2. 5-bath home offers 2, 285 square feet of flexible living space across three finished levels. The main living area features a cozy fireplace, gas hot water heat, connected sewer and gas, and a spacious layout with endless potential. The finished lower level includes a second kitchen and bonus room, creating excellent options for in-law, multi-generational living, guest space, or a flexible recreation area. Enjoy year-round grilling and entertaining in the private fenced backyard, or relax on the oversized deck overlooking the serene outdoor space. With strong bones and a fantastic layout, this home is perfect to make your own. Come see the possibilities for yourself! Sold AS IS Estate Sale. Buyer to verify all information and perform their own due diligence.
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$989,000
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 | $791,200 | $791,200 | $791,200 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $444 | $444 | $444 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,492 | $4,744 | $6,677 |
| Total Monthly Payment | $5,028 | $5,280 | $7,213 |
* 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.