Presented byHeather Feid |
Discover this coastal haven townhouse nestled in the picturesque Narragansett Port of Galilee with incredible ocean views & deeded beach rights to Salty Brine Beach! Featuring young windows/doors, new HVAC system for heat/central ac, central vacuum & alarm. This is an exceptional investment opportunity with solid rental history and a Guest Favorite 5 star rating on Airbnb & VRBO. This breathtaking turnkey unit built in 2011 has an abundantly lit open floor plan drenched with hardwoods, 2-bed ensuites, laundry on 2nd floor & half bath on 1st floor. Elevated main level offers kitchen highlighting quartz countertops, stainless-steel appliances, hood & glass tile backsplash. Main level also showcases a dining area for 6+ people adjoined to the kitchen & spacious living room with sliding glass door leading onto balcony deck with peaceful seating area to relish in the ocean views while feeling the salt air ocean breeze. This serene retreats' second level has a primary suite with double closets, stylish full bath with tiled glass doored rain shower & private balcony to enjoy the tranquility of your morning coffee while watching the ferry. Second oversized bedroom ensuite with large closet features full bath with tub & shower. This rare opportunity provides walkability to the Block Island Ferry, quintessential RI restaurants including George's tiki bar, fresh caught local seafood, marinas, gift shops & homemade ice cream. Furnishings are negotiable and can be included in the sale.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
Sales Associate
William Raveis Real Estate
Phone: 401.787.5979
Heather.Feid@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 | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $493 | $493 | $493 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,217 | $6,826 | $9,114 |
Total Monthly Payment | $6,835 | $7,444 | $9,732 |
* 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.