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Waterviews year round from all levels of this 2022 custom home, offering 3, 200 sq ft across three thoughtfully designed levels. Inside, the oversized open floor plan of the living and dining areas, highlighted by a cozy fireplace, is perfect for family gatherings and entertaining. The large patio door extends the living space outdoors to the patio and lush greenspace. Beautiful architectural details include hardwood floors throughout, paneled walls, and moldings. The first-floor bedroom offers use as a cozy den. The gourmet kitchen boasts high-end appliances, a 10 foot Blue Ocean honed leather quartzite island ideal for dining, a generous pantry, and a practical mudroom, blending style with functionality. The primary suite on the second level offers a spacious bathroom, an expansive closet, and scenic water views. Two additional bedrooms with ample closet space, along with a second bathroom and dedicated laundry area, complete the second level. Upstairs, enjoy a versatile office, additional living/media room, attic storage and a wondeful balcony overlooking the Sakonnet River perfect for morning coffee or relaxing with cocktails enjoying the scenic panoramic views of boats in the harbor and salty breeze. Equipped with an energy-efficient Mitsubishi Hyper-Heat system, ensuring optimal heating and cooling throughout the year. Located just steps to Island Park Beach, local restaurants, and amenities. Easy access to Newport and Bristol, 60 min to Boston. Your coastal gem awaits!
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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 | $952,000 | $952,000 | $952,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | $989 | $989 | $989 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,480 | $6,096 | $8,098 |
Total Monthly Payment | $6,594 | $7,210 | $9,212 |
* 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.