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"Harbour Court" Custom Home - Gracious four-bedroom home sited on almost an acre lot with expansive views of Narragansett Bay. Large entry foyer with primary suite on the first floor, two offices, an elevator, sunroom and large kitchen with dining area and two-story living room with fireplace. 3 ensuite bedrooms on the second floor as well as a 581 square foot bonus space over the three-car garage. Walk out basement (2, 136 sq. ft. ) may be finished for additional cost. Narragansett Bay Club is located near The Aquidneck Club and a short drive to Newport and an hour from Boston with easy access to Route 24. This gated community includes a host of amenities including four lighted Har-Tru tennis and 2 lighted paddle courts, waterfront fitness center, equestrian center, a beach front pool pavilion with heated Olympic swimming pool, recreation pool, hot tub and separate children's pool and pool cabanas as well as multiple water actives. Membership is required ($25, 000) and a $2, 000 capital reserve is due at closing. Limited opportunities for moorings with dingy dock and storage.
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Our Insurance Division:
$4,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $3,400,000 | $3,400,000 | $3,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.511% | 6.183% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,305 | $21,212 | $28,691 |
Total Monthly Payment | $19,430 | $21,337 | $28,816 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.