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Welcome to 24 Redwood Drive an immaculate, open, and airy 3-bedroom beach house tucked away on a quiet cul-de-sac in one of Narragansett's most coveted neighborhoods. Just a short walk to Sand Hill Cove and Roger Wheeler State Beach, this beautifully maintained home is the perfect summer escape, investment property, or year-round residence. Inside, you will find a bright, inviting, open floor plan with vaulted ceilings, an updated kitchen, and a Mitsubishi mini split system for efficient A/C and heat. Additionally, the main floor features two nice-sized bedrooms and a full bathroom. Upstairs, the spacious master suite offers a serene retreat complete with a walk-in closet. Sliders lead out to a large Azek front deck, ideal for relaxing, grilling, and entertaining after a fun-filled day at the beach. Rinse off the salt and sand in the convenient outdoor cedar shower. The lower level provides excellent storage and offers the potential to be finished into a rec room, gym, or home office. Enjoy walking distance to beaches, the Block Island Ferry, and the vibrant shops and dining in the charming port of Galilee.
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$995,000
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 | $796,000 | $796,000 | $796,000 |
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 | $349 | $349 | $349 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,645 | $5,097 | $6,825 |
Total Monthly Payment | $5,086 | $5,538 | $7,266 |
* 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.