WATERFRONT Nantucket Shingle Style beautifully sited to take advantage of fabulous west/southwest Narragansett Bay sunset views and the wonderful southwesterly sea breezes. The perfectly appointed sun filled south and west facing kitchen/sitting/dining area with gas fireplace has views over the stone terrace to the swimming pool and bay. A spacious living room with deck, stone fireplace and adjacent formal dining room both have expansive bay, pond and marsh views. The second floor with five bedrooms all with ensuite baths, includes a primary with steam shower, two large walk-in closets and deck and two guest bedrooms all with water views. A fourth guest bedroom and expansive family bedroom along with a laundry area complete second level. The lower lower level includes a gym, sauna, 2 more sets of washer/dryers, full bath, plenty of storage and a walk out entry to swimming pool area. Utilities include a whole house generator. A three-car garage has space for 3 golf carts and two full car spaces. Set on 1. 75 acres within a private gated estate, the buyer may choose to join the Aquidneck Club to enjoy exceptional clubhouse dining, golf course, tennis, marina, and equestrian facilities.
The residence was masterfully built by Behan Construction with upgrades by Horan Construction - it is turn-key and absolutely PERFECT!
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,595,000
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 | $4,476,000 | $4,476,000 | $4,476,000 |
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 | $2,892 | $2,892 | $2,892 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,414 | $27,560 | $37,169 |
Total Monthly Payment | $28,431 | $30,577 | $40,186 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.