Ideally located on a spectacular lot on desirable Warwick Neck, this like-new Colonial offers stunning views of Narragansett Bay. Start at the iron front gates and make your way down the paver driveway to the custom front door. As soon as you enter the open living space your eye is directed to the views of the Bay, and nearby islands. Designed to maximize the views, the completely renovated living space provides multiple seating areas, a central staircase, and a formal dining area. The recently remodeled eat-in kitchen offers top of the line appliances, quartz countertops and coastal cabinetry with leather pulls. The living room features a brand-new gas fireplace and impressive custom wood work. Upstairs the views only get better! The primary bedroom features a wall of windows, and a private bathroom with a view of the water. The generous second bedroom provides an ideal guest space, and the third bedroom is currently utilized as a cozy den. The luxurious dressing room was fully outfitted by California Closets and features endless storage options. The walk-out basement features 2 brand new sliding door systems that maximize the views and bring in tremendous light. Rounding out this level are a laundry room, half bath and storage area. The stone back patio is an entertainer's dream! A convenient 2 car garage and a brand-new roof round out this fantastic property. Walk, or take your golf cart, to Warwick Country Club and enjoy all that this waterfront retreat has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $1,065 | $1,065 | $1,065 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,368 | $5,915 | $8,237 |
Total Monthly Payment | $6,558 | $7,105 | $9,427 |
* 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.