1187 Succotash Road, Narragansett, RI, 02882 | $1,949,000

The "Jewel of Jerusalem". Once in a lifetime opportunity to own a slice of beachfront paradise in the heart of Jerusalem with deeded access to your own private beach and 130' dock. This recently renovated 2-bedroom, 2 full bathroom Cottage with ensuite offers a seamless open floor plan across kitchen, living, and dining with Andersen sliders that lead to an expansive outdoor deck; creating the epitome of indoor-outdoor living, perfect for overlooking the sandy shore as the Block Island Ferry parades by day and night. Entertaining is made easy with a dedicated lounge/bar ideal for winding down after a long sun-filled day or hosting a vibrant sunset soiree. Whether seaside or landbound, appreciate the thoughtfully designed and curated details of American hand-hewn beams imported from Maine, natural grain porcelain tile, and floor-to-ceiling windows to ensure sweeping views are captured throughout. Equipped with a generator hookup, heat and a/c powered by an electric heat pump, and enclosed outdoor shower this property is prepared for New England's ever-changing weather. As a part of the Kenyon Association, owning 1187 Succotash provides access to 2 private beaches and additional parking for cars and trailers. Just a stone's throw from famed restaurants, marinas, and "Dog Beach"- where dogs are always welcome! Generating six-figures in income, annually, 1187 Succotash is a crown jewel for the savvy investor and primary resident alike. Call today for your private showing!

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Shopping
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Style: Bungalow,Cabin
  • Year Built: 1955
  • Garage: No Garage
  • Heating: Electric,Forced Air,Heat Pump
  • Cooling: Ductless,Heat Pump,Central Air
  • Basement: Crawl Space
  • Approx Sq. Feet: 1,374
  • Acreage: 0.1
  • Est. Taxes: $8,400
  • HOA Fee: $325 Annually
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Tankless Water Heater,Washer
  • MLS#: 1365892
  • Website: https://www.raveis.com
    /eprop/1365892/1187succotashroad_narragansett_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by RE/MAX FLAGSHIP, INC.   Phone: 401-789-2255

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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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
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1187 Succotash Road, Narragansett, RI, 02882

$1,949,000

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 $1,559,200 $1,559,200 $1,559,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.963% 5.983% 5.805%
Monthly Tax Payment $700 $700 $700
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,370 $9,223 $12,844
Total Monthly Payment $9,195 $10,048 $13,669

* 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.