Welcome to this private, light-filled home set back on . 92 acres in Narragansett! Abutting 50 acres of conservation land and with direct access to Narrow River down the street, this property offers a rare opportunity for a tranquil seasonal getaway or a peaceful year-round residence. The home features an open-concept living space with cathedral ceilings, a convenient first-floor primary ensuite, two bedrooms on the second floor, and solid hardwood floors throughout. A standout feature is the expansive 900-square-foot finished walkout basement, which includes a home theater, workout area, craft space, and two offices, providing versatile options for creative pursuits or additional living space with plenty of natural light. Recent updates include five ductless AC systems, newer appliances, solid doors, and the entirety of the house repainted. The attached, oversized two-car garage offers ample room for storing kayaks, bikes, and gardening tools. Since its renovations in 2008, the home has experienced minimal wear and tear, having been used for only three months each year with no rentals. Located just 3 miles from Narragansett Beach and 20 minutes from Newport, with easy access to highways connecting to Boston and New York, this is a fantastic opportunity to own property in one of the best locations in Narragansett!
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Our Executive Mortgage Banker:
Our Insurance Division:
$814,900
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 | $651,920 | $651,920 | $651,920 |
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 | $369 | $369 | $369 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,651 | $4,014 | $5,414 |
Total Monthly Payment | $4,112 | $4,475 | $5,875 |
* 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.