Welcome to 244 Gibbs Ave! This well appointed turnkey home is located in one of the most desirable neighborhoods in Newport. 244 Gibbs is just a short stroll to the beaches, Bellevue Mansions, Cliff Walk, The Wharf & downtown restaurants/shopping. From the moment you enter the front porch through the perennial gardens you will appreciate the attention to detail & design. Once inside the home the abundance of natural light evoke a feeling of peace & serenity. This meticulously maintained home offers 5 bedrooms and 2. 5 bathrooms, including a 3rd floor primary/guest suite and original hardwoods throughout. Seasonal water views from every level enhance the beauty of this unique home. The main floor is an entertainer's dream with the generous sun-filled living & dining areas. The interior space blending seamlessly with the outdoors & patio through the french doors in the dining room. Original brickwork & a wood plank ceiling accent the chef's kitchen where you will find a working island, Viking Cooktop/Oven and Liebherr Refrigerator. A sizable butler's pantry offers additional storage and access to the backyard. The secluded fully fenced in backyard evokes a sense of tranquility with upper and lower levels for dining/entertaining and mature landscaping. An outside shower and access to the walk-in basement/laundry and garage complete the backyard.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,745,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,396,000 | $1,396,000 | $1,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $733 | $733 | $733 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,370 | $9,054 | $12,161 |
Total Monthly Payment | $9,228 | $9,912 | $13,019 |
* 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.