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397 Gibbs Avenue, #4, Newport, RI, 02840 | $3,000
Condo living at its best. Enjoy all Newport has to offer in this newly renovated condo unit in the gorgeous Carrington House Complex located on Gibbs Avenue. This unit is available as a winter rental starting 1/1/2025-6/30/2025. This unit is located on the second floor with beautiful views of Gibbs Ave and Easton Beach. The kitchen is new with stainless steel appliances and plenty of cabinet space. The open floor plan with combined dining room, family room and half bath, makes for a comfortable and spacious living area with beautiful hardwood floors. On the second floor is a full bath, in unit laundry and two large sized bedrooms. Plenty of closet space as well as views of the water all along the second level. This condo comes furnished and has one designated parking space. Five minutes from the Naval War College makes this property a perfect rental for military families. Utilities are included in the monthly rent.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full / 1 half
- Laundry: In Unit
- Year Built: 1900
- Garage: Assigned,No Garage
- Heating: Baseboard,Gas,Hot Water
- Cooling: None
- Basement: None
- Approx Sq. Feet: 1,148
- Lot Desc: Private,Paved,Secluded,Wooded
- View: Saltwater,Water
- Pets Allowed: No
- Appliances: Dryer,Dishwasher,Exhaust Fan,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
- Lease Term Type: Month To Month
- MLS#: 1356530
- Website: https://www.raveis.com
/prop/1356530/397gibbsavenue_newport_ri?source=qrflyer
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
397 Gibbs Avenue, #4, Newport, RI, 02840
$3,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $2,400 | $2,400 | $2,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.932% | 7.282% | 6.498% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $16 | $16 | $21 |
| Total Monthly Payment | $91 | $91 | $96 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB