CCertihomes
271 Great Island, Narragansett, RI 02882

$289,000

1 beds 1 baths 348 sqft Built 1953Active

About this home

This adorable cottage is in the "Port of Galilee", a quaint fishing village with beautiful beaches within walking distance, Block Island Ferry sightseeing cruises/tours, quality shopping, dining all are just a short walk from your front door. Fantastic rental opportunity, proven rental records on VRBO & Student rentals. This home comes fully furnished, ready to be turned over to the new owner and continue it as a vacation rental. Home has insulated floors to be utilized all year long. Connected to town water & sewer The property is located on leased land. HOA has first right of refusal on land sale

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$2,864/mo

Real estate (PITI + HOA + PMI)
$2,507
Principal + interest$1,862
Property tax + insurance$537
PMI / 2nd mortgage$108
Utilities
$468
Heating + cooling$81
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$136
Car insurance + maintenance$136
Other (entertainment)
$140
$2,864/mo TLC
Budget$5,000/mo
Remaining after TLC$2,136/mo
Purchase price
$289,000
Down payment
$14,450 (5%)
Loan amount
$274,550
APR
7.19%

Quick facts

Type
Residential
Style
Cottage
Year built
1953
Lot size
0.008 ac
Stories
0
Heating
Electric, Other
Cooling
Individual Unit
Water
Connected
HOA
Annual tax
MLS #
1359938
County
Washington

Home features

Appliances
Electric Water Heater
Parking
No Garage
Fireplace
None
Flooring
Laminate
Sewer
Connected

Neighborhood — 02882

MetricThis ZIPCountyUSA
Population13,0091,095,423299,088,112
Population Change Since199015.00%9.00%20.00%
Population Density863994
Male6,286529,266147,432,321
Female6,723566,157151,655,844
Never Married4,397266,40463,775,926
Married4,987435,678123,120,365
Separated17943,64212,639,686
Widowed59866,66815,467,586
Divorced1,28783,84323,075,029
Number Of House Hold5,017410,399111,826,380
Average House Hold Size2.592.562.60
Medial Age35.2037.2735.46
Median House Hold Income$54,698$47,553$48,276
Average House Hold Income$71,904$61,609$63,629
P C I$27,842$23,965$24,529
M D I$45,810$40,634$41,133
A T H E$56,033$49,940$50,898
S T R7.00%7.00%
W C J78.40%78.02%77.74%
(Zip) Code
2882

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/24/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

271 Great Island · Narragansett — $289,000 · Certihomes