Newly built in 2006 and lovingly maintained this property is both exceptional and unique. Sited on an oversized lot and located within a couple blocks to both the harbor and town the home is an in-town oasis. Upon entering you will be struck by the soaring ceilings and light filled rooms, with open concept living the home is comfortable and great for entertaining. The living, dining and kitchen all seamlessly flow into one another and provide easy access to the private and beautifully landscaped back yard. The great room is a perfect place for a party or family gathering with its own wood fired pizza oven, gas fireplace and central island. Offering single floor living the two bedroom two full bath home is more than 1600 sq ft and ample in size, an additional room off the kitchen could be a great 3rd bedroom, gym, office or a combination of the three. A frequent winner of "Newport in Bloom" the outdoor gardens provide wonderful year round privacy and offer something in bloom from the Spring through the Fall. With a beautiful and peaceful fountain, hot tub and shed you won't want to leave the property. With newer construction the utilities, siding and roof are all in great repair and ample parking and generator offer stress free living
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,175,000
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 | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $377 | $377 | $377 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,046 | $5,560 | $7,743 |
Total Monthly Payment | $5,548 | $6,062 | $8,245 |
* 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.