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An exquisite bespoke offering overlooking Narragansett Bay. This much admired Nantucket style Custom colonial was built in 2012 and boasts stunning views and finishes that will be admired by even the most discerning buyer. The sun filled first floor living area is open with a large sun porch to admire the western views. The large chef's kitchen with a granite island is perfect for entertaining and flows seamlessly into the dining and main living areas. The first floor also features the first of two Primary bedrooms and an office perfect for a quiet place to work. Ascend the quarter turn staircase and find the second Primary bedroom with a balcony to admire the Bay. This floor also offers 3 additional bedrooms - two with a shared en-suite bath and a bonus space for a gym or recreation room. The third floor is spacious and could be tailored for additional bedrooms, office or recreation space. Just across the lane the property is also owned where granite steps descend to a walking beach. The landscaped backyard is private and has room for any desired activity. The coastal community of Barrington is just a short commute to Providence and home to Blue Ribbon schools, a lovely town center and access to many waterfront restaurants and activities. This very special property has never been on the market and is looking for its next???????????????????????????????? steward.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $2,796,000 | $2,796,000 | $2,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $3,511 | $3,511 | $3,511 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,875 | $17,903 | $23,594 |
Total Monthly Payment | $19,510 | $21,538 | $27,229 |
* 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.