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175 Bonnet Point Road, #LIV4, Narragansett, RI, 02882 | $1,195,000
A once-in-a-lifetime opportunity to own a beachfront property on one of the finest beaches in all of New England! For 65 years, this live-in unit has been standing proudly on the beach at the end of the boardwalk. This unit boasts 8 large windows with direct, Atlantic beach front views, surrounded on two sides by Anawam Cliffs and Bonnet Point. Complete with a vista of the Beavertail Lighthouse, you would be challenged to find a more impressive coastal setting anywhere! Step outside the door onto the beach which is manicured every day by The Club. This adorable cottage features an updated kitchen, 3 bedrooms and an updated bathroom. You can also use a bedroom as a flex room to fit your personal needs. Brand new porch decking, new siding, new windows, flooring and new heating and cooling system. Owned by the same family for the last 20 summers, this condo provides the best and most efficient means of living on a beach anywhere. Open for the best 6 months of the beach season every year. The Club has tennis/pickle ball courts and an Olympic-size pool. Enjoy the highly acclaimed restaurant serving lunch and dinner, snack bar, beach bar and outdoor grill. Activities and entertainment for all ages. A low annual HOA which includes club amenities and all utilities for the unit! Low annual taxes! Close to great restaurants and shopping. Conveys with 10 annual season passes, option to purchase 5 additional annual passes and comes with many daily guest passes that includes parking.
Features
- Heating: Central,Electric
- Cooling: Ductless,Central Air
- Amenities: Maintenance,Pool,Restaurant,Tennis Court(s)Golf,Highway Access,Marina,Maintenance On-Site,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 5
- Bedrooms: 2
- Baths: 1 full
- Laundry: In Unit
- Complex: Bonnet Shores
- Year Built: 1958
- Common Charge: $4,500 Annually
- Approx Sq. Feet: 600
- Est. Taxes: $4,500
- Lot Desc: Paved
- View: Saltwater,Water
- Pets Allowed: Yes
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
- MLS#: 1366438
- Website: https://www.raveis.com
/prop/1366438/175bonnetpointroad_narragansett_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
175 Bonnet Point Road, #LIV4, Narragansett, RI, 02882
$1,195,000
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 | $956,000 | $956,000 | $956,000 |
| 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 | $375 | $375 | $375 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,132 | $5,655 | $7,875 |
| Total Monthly Payment | $5,632 | $6,155 | $8,375 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB