Enjoy unparalled views of Narragansett Bay's east passage and Newport harbor from this newly remodeled 2, 154 sf penthouse condo in the heart of Jamestown. From its elevated location, this light-filled unit offers a panoramic view from the Newport Bridge to the Atlantic Ocean. Sit back and relish the vibrant boating activity, stunning sunrises, glowing moonlight, twinkling bridge lights and enchanting coastal breezes. The well conceived layout of this spacious single level unit offers a centrally located living room with fireplace, dining room, office/den (or 3rd bedroom) and kitchen. The two well-proportioned bedrooms and baths have been thoughtfully placed at either end of the unit to allow for privacy. Jamestown is a peaceful coastal gem with stunning parks and farmland, quiet beaches, nine hole golf course, cozy coffee shops and charming restaurants, as well as a strong arts community. With its prime location in the center of the bay and just steps to the marina, this unit is a 10 minute drive to world renowned Newport, and offers easy access to Providence, TF Green International Airport, Boston and beyond. Take advantage of this rare opportunity to own a bit of coastal paradise for easy, full-time living or as a stunning vacation getaway. Don't miss the stunning views of Newport harbor and Jamestown in the virtual tour below.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,100,000
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 | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $662 | $662 | $662 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,671 | $10,619 | $14,177 |
Total Monthly Payment | $10,458 | $11,406 | $14,964 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.