Presented byThe Aquidneck Team |
Charming Seaside Retreat in Historic Newport. This excellent multifamily home is located in the heart of Newport and offers the perfect blend of historic elegance and modern comfort, making it an ideal retreat for those seeking coastal living.
Situated within the highly sought-after Yachting Village neighborhood, this property boasts close proximity to the renowned shops, restaurants, and attractions that make Newport so special. This home has been refurbished with an attention to detail. This Victorian showcases classic New England architecture. Step inside to discover a spacious interior filled with natural light, high ceilings, and modern amenities such as stainless steel and black appliances and butcher block counter tops. The living rooms, dining areas, and Island kitchens of both apts, create the perfect space for entertaining guests or relaxing with family. The back patio is great for a morning coffee and the detached garage makes an excellent space for storage.
Recent improvements include: new roof (on home and garage), new furnace, new electrical, new plumbing, restored sanded floors, new windows, new ceiling fans, upgraded kitchens and bathrooms, new carpet on third floor and steps, new fencing and resealed driveway, new brick walkway laid in backyard, and new interior paint.
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Our Executive Mortgage Banker:
Our Insurance Division:
$979,000
Sales Associates
William Raveis Real Estate
Phone: 401.640.0807
AquidneckTeam@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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $783,200 | $783,200 | $783,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $412 | $412 | $412 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,822 | $5,211 | $6,931 |
Total Monthly Payment | $5,326 | $5,715 | $7,435 |
* 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.