1 Tower Drive, #1202, Portsmouth, RI, 02871 | $879,000

The Bristol is the floor plan for this two bedroom, plus den and three full baths condo located in the south Tower. The floor to ceiling windows and balconies offer fabulous views of Narragansett Bay and the Newport Bridge, and allow wonderful natural light throughout the unit with both morning and afternoon sun. High ceilings add a sense of space to the open floor plan that includes a kitchen with sleek custom cabinetry, granite counter tops and state of the art appliances. Notable features are a gas fireplace, wine refrigerator, Miele espresso maker, roller window shades throughout, USB ports in bedrooms and kitchen, all new custom lighting/fixtures and a private elevator.
Furnishings will convey and include three televisions, a Rolf-Benz couch, a Stressless chair, one queen size easy pullout couch, and a one-of-a-kind glass top dining table that features a repurposed section of futtocks from the yacht Coronet designed by Timber Guy with a custom light fixture above.
The Tower's elegant marble entrance foyer with concierge desk greets residents and guests. There is also a gym, library, conference room, cocktail room and luxurious pool. The unit comes with one parking space on the top deck of the parking garage.

Features

  • Parking: 1-car
  • Heating: Forced Air,Gas
  • Cooling: Central Air
  • Amenities: PoolGolf,Marina,Near Schools,Pool,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 3 full
  • Laundry: In Unit
  • Complex: Aquidneck Club
  • Year Built: 2008
  • Common Charge: $1,912 Monthly
  • Approx Sq. Feet: 1,800
  • Est. Taxes: $9,584
  • Lot Desc: Paved,Waterfront
  • View: Saltwater,Water
  • Pets Allowed: Yes
  • Appliances: Common Water Heater,Dryer,Dishwasher,Exhaust Fan,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
  • MLS#: 1346002
  • Website: https://www.raveis.com
    /prop/1346002/1towerdrive_portsmouth_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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860.941.2755

Byron.Lazine@raveis.com

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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Our Insurance Division:

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1 Tower Drive, #1202, Portsmouth, RI, 02871

$879,000

Byron Lazine

Luxury Properties Specialist

William Raveis Real Estate

Phone: 860.941.2755

Byron.Lazine@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $703,200 $703,200 $703,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.790%
Monthly Tax Payment $799 $799 $799
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,273 $4,620 $6,174
Total Monthly Payment $5,164 $5,511 $7,065

* 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.