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Step into this impressive brick residence, a Queen Anne Victorian home that has undergone a complete top-to-bottom renovation. The first floor unfolds into a spacious foyer, leading to an inviting living room, an elegant dining room, and a gourmet kitchen. It also features a half bath with laundry, an enclosed porch for year round enjoyment, and an open-air porch for those breezy summer days. The second floor has four bedrooms and one and a half bathrooms. The third floor also has three additional bedrooms and a full bathroom, all bathed in natural light. The high-ceilinged basement offers opportunity for storage or additional living space, and the detached garage adds to the convenience. Renovated with attention to detail, this home includes new kitchen, bathrooms, refinished floors, and updated electrical and plumbing systems, fixtures, central AC and mechanicals. The property marries the historic with the present, featuring a charming fa ade and interiors with high ceilings and oversized windows that create an open and bright atmosphere. Constructed by Thomas Bain in 1913, a Scottish immigrant who helped build Newport's streetcar system and electrified the city with the Newport Electric Company. The private backyard with a patio offers a great way to enjoy Newport Summers. Situated in a prime location that is less than a mile to Washington Square, minutes to the bridge and shopping centers on a quiet North End street, providing the best of both worlds for city living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $413 | $413 | $413 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,303 | $6,738 | $9,187 |
Total Monthly Payment | $6,841 | $7,276 | $9,725 |
* 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.