1 Tower Drive, #1402, Portsmouth, RI, 02871 | $895,000

The Tower at Carnegie Abbey. Luxury corner unit, two bedrooms, den, and three full bathrooms. Renovated in 2018. Two private balconies floor-to-ceiling windows with panoramic views of Narragansett Bay. Open kitchen, custom cabinetry, black granite countertops, paneled Sub-Zero refrigerator, wine cooler, Wolf cooktop & oven with new hood vent system, and a new Wolf dishwasher. Dining room crystal chandelier, crystal wall sconces, and entryway light. New Whirlpool full-size washer & dryer. Custom closet shelving system in the master suite. New Brazilian cherry hardwood floors throughout. Hunter Douglas remote control automated sunshades in the den, dining area, and living rooms. Remote and smartphone-controlled Nest thermostats. First level deeded covered garage parking. The Tower offers an Olympic lap pool, concierge services, meeting facilities, a library, and a catering kitchen available for special events. HOA fees include most utilities, except electricity. The Tower is part of the Aquidneck Club community. Scottish Links style golf course, outdoor pool, spa, fitness center, marina, tennis pavilion, equestrian facilities, and beach. Memberships are available separately. NOTE: A 40 club marina boat slip is available separately.

Features

  • Parking: 2-car
  • Heating: Forced Air,Gas
  • Cooling: Central Air
  • Amenities: Maintenance,Pool,Recreation Room,Concierge,Garden AreaConcierge,Clubhouse,Golf,Highway Access,Marina,Maintenance On-Site,Near Schools,Pool,Recreation Area,Restaurant,Shopping
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 3 full
  • Laundry: In Unit
  • Year Built: 2008
  • Common Charge: $1,921 Monthly
  • Approx Sq. Feet: 1,800
  • Est. Taxes: $10,329
  • View: Saltwater,Water
  • Pets Allowed: Yes
  • Appliances: Dishwasher,Exhaust Fan,Disposal,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
  • MLS#: 1370317
  • Website: https://www.raveis.com
    /prop/1370317/1towerdrive_portsmouth_ri?source=qrflyer
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Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Hogan Associates   Phone: 401-680-6588

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

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Our Insurance Division:

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1 Tower Drive, #1402, Portsmouth, RI, 02871

$895,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 $716,000 $716,000 $716,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment $861 $861 $861
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,122 $4,526 $6,042
Total Monthly Payment $5,075 $5,479 $6,995

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.