Welcome to 5 Karen Drive, an exceptional, fully renovated contemporary home in Barrington's highly sought-after Nayatt section. Offering over 3, 200 square feet of main-level living space, plus approximately 450 square feet of finished lower-level space, this 5-bedroom, 3-bathroom property is a true masterpiece. The home features a thoughtfully designed floor plan bathed in natural light, accentuated by gleaming hardwood floors throughout. Cathedral ceilings with skylights grace the living and kitchen areas, creating an airy and inviting atmosphere. The spacious living room boasts a wood-burning fireplace, while the oversized family room features a second fireplace and opens to a brand-new deck, perfect for entertaining. The chef's kitchen is a showstopper with modern finishes and ample space for culinary creativity. The private master en-suite offers a serene retreat, while the additional bedrooms provide plenty of room for family and guests. Enjoy the comfort of a state-of-the-art gas-fired heating system, central air conditioning on the main floor, and separate split-system units for heating and cooling on the second floor. Ideally located within walking distance of the town beach and just around the corner from an award-winning elementary school, this property is also close to the Rhode Island Country Club and the town center. Don't miss this stunning home with its modern amenities and prime location. Schedule your private showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,191 | $1,191 | $1,191 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,791 | $7,461 | $10,012 |
Total Monthly Payment | $8,107 | $8,777 | $11,328 |
* 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.