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78 Rhode Island Avenue, #4, Newport, RI, 02840 | $1,945,000
Discover the charm of this elegant one-level condo residence, situated in the historic Eastbourne Lodge building in the desirable Kay/Catherine neighborhood. This sunny southwest corner unit boasts a spectacularly private +400 sf terrace, perfect for outdoor dining, entertaining, or simply relaxing. Open floor plan kitchen and great room anchored by a gas fireplace and custom built-in cabinetry. The beautiful kitchen features a space for bar stool seating, gas cooktop, quartz counter tops and backsplash, and drinks refrigerator. With two spacious bedrooms one with a gas fireplace - both benefiting from fabulous walk-in closets and sumptuous bathrooms, either bedroom could be used as a primary bedroom. There is an office area off one of the bedrooms which could also be used as an additional sleeping area. Elegance abounds with gracious entry foyer, beautiful hardwood floors, high ceilings, classic wainscoting, crown molding, and half bathroom with tasteful wallpaper. This second-floor condo is accessible via a grand staircase or elevator. The large common roof top deck offers views of Newport. Conveniently, it is walking distance to Easton's Beach, Bellevue Avenue and downtown Newport. Very spacious private storage room in the basement. Although the building exudes historic charm, it was only converted into condos in 2017 hence systems are only 7 years old. This residence offers the perfect blend of historic charm and modern convenience. Deferred Showings from WED 8/14.
Features
- Parking: 2-car
- Heating: Central,Forced Air,Gas,Zoned
- Cooling: Central Air
- Amenities: Near Hospital,Near Schools,Restaurant,Shopping
- Rooms: 6
- Bedrooms: 2
- Baths: 2 full / 1 half
- Laundry: In Unit
- Complex: Kay-Catherine
- Year Built: 1900
- Common Charge: $2,110 Quarterly
- Approx Sq. Feet: 1,806
- Acreage: 0.86
- Est. Taxes: $12,705
- Pets Allowed: Yes
- Appliances: Dryer,Dishwasher,Electric Water Heater,Disposal,Oven,Range,Refrigerator,Range Hood,Water Heater,Washer
- MLS#: 1365087
- Website: https://www.raveis.com
/prop/1365087/78rhodeislandavenue_newport_ri?source=qrflyer
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
78 Rhode Island Avenue, #4, Newport, RI, 02840
$1,945,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,556,000 | $1,556,000 | $1,556,000 |
| 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 | $1,059 | $1,059 | $1,059 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,957 | $9,835 | $13,130 |
| Total Monthly Payment | $10,141 | $11,019 | $14,314 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB