Welcome to the home of your dreams! Situated minutes from Narragansett Town Beach, located in the pier area across the street from the High School, this coastal property offers over 4, 000 sq/ft of living space that provides ample room for entertainment and relaxation. Nestled at the end of a quiet cul-de-sac in the sought after South Pier Farms neighborhood sits this custom built home by renowned Sweenor Builders where every detail has been meticulously maintained by the original owner. Sit on your back deck complete with retractable awning and marvel at the lush beautifully landscaped fenced in yard. The first floor of the home has an open floor plan perfect for entertaining family and friends and features a living room / dining room area with vaulted ceilings that flows seamlessly into the expansive eat-in kitchen and family room. Additionally, the first floor has a private home office, 4 season sunroom, spacious laundry room, and massive three car garage complete with epoxy flooring and a hydraulic lift making it capable of housing four cars. The second floor boasts a large primary ensuite bedroom and walk-in closet, three additional bedrooms, and a large flex bonus room that provides additional space and privacy to the second floor. A partially finished basement and whole house generator are just a few of the extras this home has to offer. Don't miss your opportunity to own an exceptionally built custom home in one of the most coveted neighborhoods in Narragansett!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,599,999
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 | $1,279,999 | $1,279,999 | $1,279,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $659 | $659 | $659 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,168 | $7,881 | $10,629 |
Total Monthly Payment | $7,952 | $8,665 | $11,413 |
* 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.