Completely renovated inside and out, this Nantucket style 4 bed/3. 5 bath home is centrally located Narragansett's most prestigious neighborhood, Anawan Cliffs. This coastal home offers views of Newport Bridge, Narragansett Bay, and Beavertail Lighthouse and a private association beach. With a 40' heated saltwater pool with 1200 sq/ft patio and outdoor kitchen plus a 25'x25' deck this home sits 2 miles to Narragansett Beach. Featuring an oversized chef's kitchen with custom cabinetry and honed granite counters, a 48 gas Wolf Range, Sub Zero fridge, 2 dishwashers, and island that adjoins the dining room. An oversized family room with large fireplace, a living room to use as a gym, office, or convertible den, and gorgeous sunroom, this home has space for everyone in the family to entertain, work or relax. Upstairs find 4 bedrooms with hardwoods and custom closets and 3 full bathrooms (2 en-suite) all completely updated within the last five years or less. Master bedroom with spa like bathroom with double sinks, private toilet, double shower, and claw foot tub. The house has every imaginable amenity including remote management, security, Control4 lighting, Hunter Douglas motorized shading, central vac, sprinkler system, two car garage. Rare jewel that has no compromises and centrally located with 15 minutes to Newport or Kingston Amtrak (1 hour to Boston/3 hours to NYC), and just 35 min to Providence. Make this gem your new beach house or full-time residence. Call for a viewing!
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$3,250,000
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 | $2,600,000 | $2,600,000 | $2,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $824 | $824 | $824 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,763 | $16,009 | $21,591 |
Total Monthly Payment | $15,712 | $16,958 | $22,540 |
* 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.