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A rare chance to own a classic wood-shingle gambrel just a short stroll from the Dunes Club and Narragansett Town Beach. This home sits on a generous 0. 76-acre lot and is offered for the first time by its original owner. Hear the waves from your back deck, catch summer concerts from the beach, or watch Fourth of July fireworks from your own yard. The first floor has two comfortable living areas: a family room with wood stove and brick hearth, and a living room with fireplace and built-in bookshelves both with hardwood floors and both opening to a deck spanning the house. There's a formal dining room for special occasions, and a more casual dining space just off the family room for easy meals and morning coffee. A hallway off the side entrance leads to a laundry room and half bath. The kitchen is spacious and bright, with tile floors, a vaulted shiplap ceiling with skylights, center island, original cabinetry, and granite countertops. There's direct access to the two-car garage perfect for groceries or rainy days. Upstairs, the primary suite offers a walk-in closet, full bath, and views of the backyard and distant water views. Two more bedrooms and a second full bath complete the upper level. There's even future potential for an accessory dwelling unit. Your yard borders 153 acres of protected town land, offering privacy and peaceful views. Beach walks, summer music, and the best of coastal living this is a special home, ready for its next chapter.
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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** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.739% | 6.435% |
Monthly Tax Payment | $432 | $432 | $432 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,980 | $7,658 | $10,255 |
Total Monthly Payment | $7,537 | $8,215 | $10,812 |
* 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.