ELEGANT GEORGE CHAMPLIN MASON MASTERPIECE. This grand 4400+ sf home on sought-after "upper" Everett Street is located between Kay and Catherine Streets in a wonderfully quiet yet pedestrian-friendly location in Newport's original estate district. This Colonial Revival home dates from the heyday of Gilded Age architecture when HIGH CEILINGS, GRAND OPEN LAYOUTS AND GRACIOUS FLOW came into fashion. Built for a prominent Newport merchant family, the house has wonderful preserved original details including 5 fireplaces, handsome woodwork, beautiful moldings, carved mantels, antique tiles and stained glass. A SPECTACULAR ENTRY HALL features soaring ceilings, a grand carved staircase with stained-glass windows and gracefully connects the beautiful living room, dining room, library/family room, enclosed porch, and kitchen, all of which flow from room to room. The bright, inviting, kitchen with laundry area, opens right out onto the sunny back deck perfect for entertaining al fresco and steps down to a lush backyard. The second floor has an office and 4 bedrooms - one of which can be easily added to the primary and used to create a luxurious ensuite bath and generous dressing room (plans available). The 3rd floor includes an additional 2-3 bedrooms, sitting room, kitchenette and bath, as well as its own entrance and staircase as a separate unit. This is a rare opportunity to own a home from the GOLDEN AGE OF AMERICAN RESIDENTIAL ARCHITECTURE in one of NEWPORT'S MOST PERFECT LOCATIONS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,090,000
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 | $1,672,000 | $1,672,000 | $1,672,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,363 | $10,295 | $13,884 |
Total Monthly Payment | $10,217 | $11,149 | $14,738 |
* 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.