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47 Burbank Avenue, Narragansett, RI, 02882 | $1,300,000
Bonnet Shores Beauty! This sprawling, completely remodeled ranch is the very definition of luxury coastal living! Situated just steps away from Narragansett Bay and within walking distance of the private and exclusive Kelly Beach, this amazing property must be seen to be truly appreciated. Featuring four bedrooms, three of which have en-suite full baths, plus a gorgeous loft area that could easily be used as an additional bedroom, this home has room for everyone. Every room has been beautifully updated, including the stunning, state-of-the-art kitchen with new stainless appliances, and all four full baths with luxurious appointments throughout. The exterior has been stylishly finished with top of the line Hardie Plank siding, which is accentuated by the new Pella black-framed windows. A top of the line heat pump and brand new a/c unit was also added in 2022! There is plenty of off-street parking, including an oversized two car garage complete with an electric car charging station. The improvements and upgrades are too numerous to list, and they make this truly remarkable home ready to be enjoyed for generations to come. This magnificent property can be enjoyed as a full time residence, a seasonal retreat, or a money making rental or Airbnb. This magnificent property is available for immediate occupancy, so grab your beach towels and move right in!
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Restaurant,Shopping,Tennis Court(s)
- Rooms: 10
- Bedrooms: 4
- Baths: 4 full
- Style: Ranch
- Year Built: 1950
- Garage: 2-car Attached,Garage
- Heating: Electric,Heat Pump,Other
- Cooling: Central Air
- Basement: Exterior Entry,Interior Entry,Partial,Unfinished
- Approx Sq. Feet: 2,307
- Acreage: 0.27
- Est. Taxes: $5,927
- Appliances: Dryer,Dishwasher,Exhaust Fan,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Range Hood,Tankless Water Heater,Washer
- MLS#: 1359917
- Website: https://www.raveis.com
/eprop/1359917/47burbankavenue_narragansett_ri?source=qrflyer
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William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
47 Burbank Avenue, Narragansett, RI, 02882
$1,300,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
| Monthly Tax Payment | $494 | $494 | $494 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,824 | $6,319 | $8,567 |
| Total Monthly Payment | $6,443 | $6,938 | $9,186 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB