Tremendous ocean views from your decks on this luxury two bed two and a half bath townhouse condominium. Take steps from your condo to a path leading to beach and great Tikki bar. Enjoy the beautiful summers of Narragansett and Sand Hill Cove Beach. Watch the block Island Ferry pass back and forth. This condo is right in the heart of Point Judith with access to everything! The unit itself has a modern contemporary beach decor that includes public sewer and water. Built in 2011 this unit still feels like NEW! More amenities include central air and central vacuum with an alarm system. This unit is also offered fully furnished and turnkey. Walk up to the second level for large open floor plan with kitchen and living room and lavette with deck and ocean views. The top floor has master bedroom with a deck and more ocean views and an additional bedroom. Condo has current rentals scheduled for summer but many open times. Summer rentals already booked in advance but many spots still open!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 | $1,080,000 | $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 | $460 | $460 | $460 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,217 | $6,826 | $9,114 |
Total Monthly Payment | $6,802 | $7,411 | $9,699 |
* 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.