Welcome to your dream beach getaway! This property has a strong rental history making it a perfect vacation/investment property for the family. Enjoy breathtaking ocean views from the spacious second-floor deck and explore four picturesque Narragansett beaches, all within 2 miles of this charming chalet. Scarborough State Beach is just 1. 7 miles away, Roger Wheeler State Beach 1. 4 miles away, the Camp Cronin Fishing Area is only 0. 5 miles away, and Salty Brine State Beach is 2 miles from your doorstep. This beautifully appointed home boasts three bedrooms, two full bathrooms, a versatile office/bedroom space, and several recent updates including central A/C and a new roof (completed after the photos). Tasteful and classic d cor is accented with eclectic touches throughout, creating a warm and inviting atmosphere. The outdoor space is a true highlight. It features a large yard perfect for yard games, an outdoor dining area, ideal for summer cookouts, and an outdoor shower for your convenience. Located just a quarter mile from local favorites like Iggy's Doughboys, Aunt Carrie's Ice Cream, and Spain Restaurant, you'll have a variety of dining options right around the corner. Experience the best of beach living, your perfect coastal retreat awaits!
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William Raveis Real Estate
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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 | $959,920 | $959,920 | $959,920 |
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 | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $686 | $686 | $686 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,375 | $5,833 | $7,907 |
Total Monthly Payment | $6,186 | $6,644 | $8,718 |
* 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.