Welcome to Cedar Point, Narragansett's new premiere coastal community on Point Judith Pond. Being offered is a brand-new home to be built on Lot #3 up to 6, 000 sq ft. This location sits out in front of the others, will have an expansive deck overlooking the water and is closest to the private sandy beach. Design your own home or concepts are available from RI's premiere Sweenor Builders Inc. The upscale neighborhood is the only one of its kind in Narragansett & is a secret destination thanks to its small population and low-key ambience. This exclusive enclave has supreme privacy yet is utterly convenient and presents a dream escape surrounded by lush vegetation & salt waters. Ideal for an individual or family seeking an incomparable private estate, escaping the stress of the city. Each of the 6 residences is unique, ranging in square footage & price, all have sweeping water views & their own dock with 2 boat slips & ocean access. Take pleasure in the private community's own sandy beach, boat launch, kayak racks, golf cart path w/ parking & stone roadways. Here is a prime opportunity to experience the ultimate lifestyle on one of the most private waterfront neighborhoods in Narragansett.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,676,000 | $3,676,000 | $3,676,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $373 | $373 | $373 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,872 | $22,634 | $30,526 |
Total Monthly Payment | $21,370 | $23,132 | $31,024 |
* 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.