Experience the allure of this sophisticated one-level condo in the historic Eastbourne Lodge, nestled in the coveted Kay/Catherine neighborhood. This sunlit southwest corner unit features a remarkably private 400+ sq ft terrace, ideal for al fresco dining, entertaining, or merely relaxing. The open-concept kitchen and great room are highlighted by a gas fireplace and custom built-in cabinetry. The kitchen boasts bar stool seating, a gas cooktop, quartz countertops and backsplash, and a drinks refrigerator. Two spacious bedrooms, one with a gas fireplace, offer fabulous walk-in closets and luxurious bathrooms, allowing either to serve as the primary suite. An office area off one bedroom can double as an additional sleeping space. Elegance is evident throughout, with a gracious entry foyer, beautiful hardwood floors, high ceilings, classic wainscoting, crown molding, and a half bath with tasteful wallpaper. Accessible via a grand staircase or elevator, this second-floor condo also includes a large common rooftop deck with views of Newport. Conveniently located within walking distance to Easton's Beach, Bellevue Avenue, and downtown Newport, it also features a 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,875,000
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 | $1,500,000 | $1,500,000 | $1,500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,059 | $1,059 | $1,059 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,400 | $9,114 | $12,356 |
Total Monthly Payment | $9,584 | $10,298 | $13,540 |
* 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.