AVAILABLE NEWPORT SUMMER '25! JUNE 1 - AUGUST 30, 2025: This fully renovated, luxe loft is the 'ultimate hideout' in the coveted 'Point' section of Newport. Its high style is matched with a sophisticated yet comfortable 4-bed 3-bath triplex floor plan of 2, 600 sq. /ft. - it boasts cathedral ceilings, gorgeous hardwood flooring, gas fireplace and expansive windows allowing in ample amounts of natural light. Every aspect is brand new and thoughtfully designed from the chef's kitchen to the guest "bunk" room. Equipped with Apple TV and Sonos for your convenience and even a turntable to spin a great collection of vinyl. Situated in a beautifully converted brick school house with astounding views, this residence is tucked just off the hustle & bustle of America's Cup Avenue and just a few blocks from the gorgeous harbor and lively Newport Shipyard. The Point is a vibrant neighborhood to fishermen and diplomats alike. Listen to its churches' bells and the sweet little train whistles, just a part of the bliss of your surroundings. It's a quick stroll into town or kick back at Storer Park or Goat Island's latest Newport Harbor Island Resort and catch the sunset over the Pell Bridge. This is a Minimum 3-month rental ONLY, all inclusive for $55, 000. June @ $15, 000/mo. , July @ $20, 000/mo. & August @ $20, 000/mo. (may Also be a July @ $20k, August @$20k & Sept, $15k rental)
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Our Executive Mortgage Banker:
Our Insurance Division:
$15,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $12,000 | $12,000 | $12,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $83 | $80 | $101 |
Total Monthly Payment | $158 | $155 | $176 |
* 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.