142 Colonel John Gardner Road, Narragansett, RI, 02882 | $2,790,000

Oceanfront 3-Bedroom Property on the Cliffs of Bonnet Shores. this breathtaking 3-bedroom home offers panoramic views of Narragansett Bay, the iconic Beavertail Lighthouse, and the Newport Bridge, and stretches all the way to the Atlantic Ocean. The open floor plan provides a seamless flow between the galley-style kitchen, dining area, and spacious living room, perfect for entertaining or enjoying quiet moments by the fire. The living room is highlighted by a charming brick fireplace, and the gleaming hardwood floors throughout add warmth and elegance to this coastal retreat. Additional living space includes a cozy family room that opens up to a spacious deck with an awning, offering the perfect spot to enjoy the refreshing bay breeze with family and friends. Whether you're gazing out at the water from the comfort of your home or enjoying the nearby beaches, this property is the perfect blend of natural beauty and sophisticated living. Access to Bonnet Shores' Kelly Beach and Little Beach with boat launch and water access.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Other,Public Transportation,Recreation Area,Restaurant,Shopping,See Remarks,Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Ranch
  • Year Built: 1950
  • Garage: Attached,Built In,Garage
  • Heating: Baseboard,Electric
  • Cooling: Central Air
  • Basement: Crawl Space,Unfinished
  • Approx Sq. Feet: 1,540
  • Acreage: 0.25
  • Est. Taxes: $13,752
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Electric Water Heater,Disposal,Oven,Range,Refrigerator,Washer
  • MLS#: 1381559
  • Website: https://www.raveis.com
    /eprop/1381559/142coloneljohngardnerroad_narragansett_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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781.718.6979

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Bob FlynnVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 6314

508.944.8218

Bob.Flynn@raveis.com

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978-337-3053

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Our Insurance Division:

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142 Colonel John Gardner Road, Narragansett, RI, 02882

$2,790,000

Judy Barclay

Sales Associate

William Raveis Real Estate

Phone: 781.718.6979

Judy.Barclay@Raveis.com

Bob Flynn

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.944.8218

Bob.Flynn@raveis.com

NMLS Mortgage Loan Originator ID 6314

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,232,000 $2,232,000 $2,232,000
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% 6.764% 6.435%
Monthly Tax Payment $1,146 $1,146 $1,146
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,025 $14,292 $19,138
Total Monthly Payment $14,296 $15,563 $20,409

* 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.