Striking Newport cottage in gated gathering of 7 homes on approx 32 acres of beautifully groomed land in the heart of Newport*This exquisite property is just steps to Cliff Walk & all that Newport has to offer yet ensconced in an enclave of significant homes, 1 of which is the original Firestone mansion*(May also be available as turnkey home for faster move in!)*Ocean views are yours from the immense yard of the custom stone & warm wood shingle design built by Horan Building Co*Architectural design elements include stacked stone foundation, bell-curved roof lines, barrel portico, bluestone patios, bluestone sills, numerous custom transoms, dormers, eyebrow windows to name just a few . Welcoming entrance w/mahogany door set the stage for excitement yet afford the owner of this masterpiece the sophistication of understated elegance*Incredible molding package includes multi-piece crown, recessed wainscoting, squared pillars & ceiling treatments, which are amazingly curated by a talented designer w/an eye toward being impressive yet restrained so that the fortunate occupants may enjoy a comfortable environment*Notable features include the 1st floor gallery, which bisects the home & provides a remarkable setting for your art, kitchen offers a rounded eating area, mahogany isle, beaded inset cabinetry, the best appliances & a charming pantry, romantic primary suite, 5 add'l guest suites, flex area w/bth on 3d flr, fin lower lev w/entertainment bar, guest area, exercise rm & media*
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood | 15 x 14 | First |
Bedroom 3 | Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting | 21 x 18 | Second |
Bedroom 4 | Walk-In Closet(s), Flooring - Hardwood | 21 x 16 | Second |
Dining Room | Flooring - Hardwood, Wainscoting, Lighting - Sconce, Lighting - Overhead, Crown Molding | 15 x 16 | First |
Kitchen | Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting | 20 x 26 | First |
Living Room | Vaulted Ceiling(s), Flooring - Hardwood, French Doors, Recessed Lighting | 16 x 20 | First |
Master Bedroom | Vaulted Ceiling(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Crown Molding | 16 x 21 | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,995,000
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 | $7,196,000 | $7,196,000 | $7,196,000 |
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 | $5,543 | $5,543 | $5,543 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $43,724 | $47,273 | $63,180 |
Total Monthly Payment | $49,392 | $52,941 | $68,848 |
* 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.