Exquisite brand new custom home perfectly sited at the end of a quiet dead end street in the Pier with extreme privacy. Design-savvy with a first floor primary suite oasis including a spa-like bathroom with soaking tub, his/hers sinks & walk-in shower along with a spacious windowed, walk-in dressing room & closet. An additional bedroom with adjacent full bath & a mudroom/laundry room also occupy the 1st floor. Entertaining is easy thanks to open concept dining & living areas adorned with a gas fireplace suited for intimate family time. Step outside through gorgeous French doors onto a vast south facing deck. The gourmet eat-in kitchen is equipped with a large island, 6-burner gas stove, striking farmhouse sink, floating shelves, a massive windowed walk-in pantry & dry bar w/beverage fridge for hosting. Enter from a covered bluestone porch to a graceful foyer showcasing an extra wide staircase leading upstairs where you'll find 2 more bedrooms, a full bath & a palatial bonus/bedroom. A 2-car garage w/EV charger & a full basement that can easily be finished, complete this home. High ceilings, lots of windows, superb attention to detail, stunning woodwork & customized features present unparalleled quality & elegance. This magnificent residence provides the ideal combination of happiness and harmony. Just a short stroll to the scenic stretch of Narragansett's beautiful white sandy beachfront and all Pier amenities. There's little to rival this property for location, luxury and convenience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,895,000
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 | $2,316,000 | $2,316,000 | $2,316,000 |
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 | $12,969 | $14,072 | $19,078 |
Total Monthly Payment | $13,094 | $14,197 | $19,203 |
* 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.