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Nestled in the desirable Edgewater neighborhood, just steps from Narrow River, this charming 4-bedroom, 3-bathroom Colonial offers the perfect blend of character and coastal convenience. Set on over half an acre, the expansive lot provides privacy and space. Exclusive access to the neighborhood beach and boat ramp makes it easy to explore or relax by the water. Inside, the updated eat-in kitchen features a picturesque bay window overlooking a tranquil pond frequented by ducks and birds. The inviting entry showcases a stunning fireplace built with stones from Point Judith. Hardwood floors flow throughout, and the first floor includes a full bath with a walk-in shower, while the second floor features a tub and shower combination. Recent upgrades include a new oil heating system and water tank, plus public water and sewer connections. The walkout basement and loft above the attached two-car garage offer exciting expansion possibilities. Don't miss this opportunity to own a piece of paradise just minutes from Narragansett's greatest amenities!
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $301 | $301 | $301 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,030 | $4,424 | $5,954 |
Total Monthly Payment | $4,423 | $4,817 | $6,347 |
* 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.