Nestled in the picturesque town of Jamestown, RI, renowned for its seaside charm and perfectly situated between Newport and Narragansett, this breathtaking contemporary new construction home awaits you. Boasting spectacular views of the iconic Newport Bridge and ideally located near Jamestown's quaint Village, beach's and Newport attractions, an amazing lifestyle awaits. Unwind on your expansive back deck and soak in the stunning scenery. Spanning over 4, 000 sq. ft. , this home features 4 bedrooms and 4. 5 baths, showcasing unparalleled craftsmanship and high-end design. The modern coastal theme epitomizes chic living across every floor. The spacious living and dining areas seamlessly flow into the chef's kitchen, adorned with white oak cabinetry, quartz countertops, and stainless steel appliances. The second floor boasts a luxurious primary bedroom with breathtaking bridge views, an oversized primary bathroom, and 2 walk-in closets. Two additional ensuite bedrooms complete this floor. The walk-out lower level provides flexible space for casual living, including an additional ensuite bedroom and family room. With state-of-the-art mechanical systems, room for an elevator, and an attached 2-car garage, and meticulously landscaped grounds, this home has it all. The expansive rear deck, which spans the entire back of the house, features stairs leading to the lower-level patio and a yard that is ready for a pool or garden, deeded beach access right across the street! A coastal gem!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,417 | $14,558 | $19,737 |
Total Monthly Payment | $13,542 | $14,683 | $19,862 |
* 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.