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Experience Jerusalem Village living in this custom shingle-style home, designed with reverse living to showcase sweeping water views of the Atlantic Ocean, Point Judith Pond, the Block Island Ferry, and the local fishing fleet. Bright and inviting, the home reflects the best of Rhode Island coastal living. The first floor offers two bedrooms and a full bath, providing comfortable accommodations for guests or family. Upstairs, the main living level features an eat-in kitchen, multiple sitting areas, and a second full bath. Glass sliders open to a spacious deck where ocean breezes and panoramic views take center stage. The third floor adds a flexible den, office nook, and private viewing balcony for an even higher vantage point and the best location in town to watch the 4th of July fireworks. Located in the desirable Kenyon Association, residents enjoy the neighborhood beach access, kayak launching, clamming opportunities, and valuable off-street parking. Just steps from East Matunuck State Beach, dog beach, and minutes from popular waterfront restaurants, this home is a rare opportunity to own in one of Narragansett's most beloved coastal villages. Grab your paddleboard and let the summer fun begin!
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$1,895,000
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 | $1,516,000 | $1,516,000 | $1,516,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $765 | $765 | $765 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,489 | $9,089 | $12,691 |
| Total Monthly Payment | $9,379 | $9,979 | $13,581 |
* 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.