Nestled in the highly sought-after Briggs Farm neighborhood this 4-bedroom, 2-bath residence is ideal for ultimate coastal living. A well-laid-out floor plan showcases beautifully maintained hardwood floors that flow seamlessly through the newly renovated kitchen and dining room. The living room is bathed in natural light creating an inviting atmosphere. Two generously sized bedrooms and a full bath are conveniently located on the first floor, providing easy one-level living. Upstairs, you'll find two more spacious bedrooms and another full bath, offering plenty of room for family and guests. The clean, dry basement presents tremendous potential for additional living space. Outside the oversized Trex deck and expansive backyard surrounded by mature trees is a perfect setting for entertaining. Outdoor shower conveniently located to rinse off the sand after a day at the beach, keeping your home pristine. Modern amenities include newer mini-splits, and connections to town sewer, water, and gas. Additionally, for just $55/year, you can opt into the Briggs Farm HOA, granting access to the neighborhood's exclusive beach. It's just a short distance from the home and includes private cove and marina, beach, kayak racks, multiple docks and moorings, picnic tables, and a grill all the conveniences of a beach without the crowds. This well-maintained home is ready to welcome its next owner to enjoy all that Narragansett has to offer. Inspection Report available upon request.
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Our Executive Mortgage Banker:
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$840,000
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 | $672,000 | $672,000 | $672,000 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $334 | $334 | $334 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,763 | $4,083 | $5,535 |
Total Monthly Payment | $4,189 | $4,509 | $5,961 |
* 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.