Gorgeous 4 bedroom, 3. 5 bathroom Colonial on half an acre abutting Chafee conservation. Perfect for large gatherings and next gen living in the Mettatuxet neighborhood of Narragansett. Custom honey stained white oak flooring throughout offers unparalleled elegance and modern amenities, featuring a state-of-the-art chef's kitchen including double sinks, 6 burner gas range, 9' white quartz island with waterfall edge, and a butler's pantry. The spacious 22' dining room with a 14' dining table that seats 16 is perfect for hosting as it seamlessly connects to the open concept great room with lofted ceilings. A laundry room with double sets of washers/dryers. Step out back into the professionally designed yard - a private oasis on hot summer days with Polywood outdoor dining accommodating 20. Upon your return from the sand and surf, refresh in the outdoor shower while the kids visit the playground and basketball court at the end of the street. Close to the Narrow River where you may paddleboard, kayak, and boat, Narragansett Town Beach, and nearby shopping, dining, and other amenities. Natural Gas heat, 3 zone Central Air FWA, Tankless on Demand Hot Water. Phenomenal rental history, grossing $100, 000+ annually.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $420 | $420 | $420 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,882 | $6,463 | $8,673 |
Total Monthly Payment | $6,427 | $7,008 | $9,218 |
* 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.