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Two blocks from the ocean in one of Rhode Island's most sought-after coastal communities, 7 Walnut St is the kind of property that doesn't come up twice. Narragansett needs no introduction. The beach, The Pier, the restaurants, the summer energy it's all right here. And this home puts you at the center of it without sacrificing space, comfort, or practicality. Whether you're looking for your own piece of the coast or a proven rental market to invest in, this one checks every box. Inside, the home is completely turnkey. Bright and open on the main level, with hardwood floors, a coastal color palette, and a living and dining space that flows right out to the patio and fenced backyard through sliding glass doors. The kitchen stretches nearly 20 feet generous, functional, and built for the way beach houses actually get used. The full appliance package and furniture are included, meaning you could have guests here this summer without touching a thing. Upstairs, four bedrooms give you real sleeping capacity, a must for this market, with two full baths and hardwood floors throughout. Central air keeps everyone comfortable even in peak July. The attached garage handles beach gear, bikes, and everything else the season throws at you. The fenced yard, deck, and quarter-acre lot round out a package that's hard to find at this proximity to the water in Narragansett.
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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 | $1,020,000 | $1,020,000 | $1,020,000 |
| 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 | $546 | $546 | $546 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,791 | $6,115 | $8,607 |
| Total Monthly Payment | $6,462 | $6,786 | $9,278 |
* 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.