Stunning new Custom Gambrel in the Historic "Top of the Hill" Neighborhood of Newport. This property checks all the boxes: location, finishes, pool, garage, parking and green space for your four-legged friend. Fir Street - a quiet side street between Catherine Street and Old Beach Road - is near sandy beaches, fine dining and boutique stores. This beautiful architect designed gambrel boasts an open floor plan featuring wide plank oak floor, high-end Thermador appliances in the kitchen, a custom banquette and Quartz Island with extra beverage fridge all in the kitchen area, a great room with built in bookcases and custom storage in the mudroom. The main house offers four spacious bedrooms, while an additional bedroom and bathroom can be found above the garage, perfect for guests, extended family or the home office. The generously sized primary bedroom has extensive custom closets. The second bedroom on that level could serve as another primary. The two laundry rooms - one on the second level and one on the lower level make visits to the beach a breeze. Open up the sliders and enjoy outdoor living with a saltwater pool, some green space and the convenience of a one-car garage. There is also plenty of parking for family and friends. The home is being sold fully furnished, with the exception of one living room lamp and select artwork. Don't miss the opportunity to own this gem in a sought-after location!
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Our Executive Mortgage Banker:
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$3,475,000
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 | $2,780,000 | $2,780,000 | $2,780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,413 | $1,413 | $1,413 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,785 | $17,117 | $23,085 |
Total Monthly Payment | $17,323 | $18,655 | $24,623 |
* 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.