Ideally located just off famed Bellevue Avenue and part of the original Snug Harbor estate, this stunning Victorian is sited on a gracious 1/2 acre grassy lot with a large back yard and plenty of off street parking. With nearly 3, 000 square feet of living space in the main house this 4 bedroom 2 full and 1 half bathroom has been extensively renovated with modern kitchen and laundry room. The first floor features the gourmet kitchen with center island, living room, formal dining room, den, dining area, half bathroom, and laundry room. The dining area has French doors that open an oversized deck and fully fenced yard. The second floor has 3 bedrooms and 2 full bathrooms, the 3rd floor is an open concept space offering perfect for home office, gym or bunk room. A separate apartment above the 2-car garage with private entrance offers versatility for home-office, guests or rental income. Possible space for a pool. Stroll to downtown Newport's finest shopping and dining, The Cliff Walk, The International Tennis Hall of Fame and Newport's best beaches.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,489 | $1,489 | $1,489 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,333 | $12,452 | $16,709 |
Total Monthly Payment | $12,947 | $14,066 | $18,323 |
* 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.