Easy living in this completely renovated FURNISHED* home tucked away on quaint Sherwood Road, located just over the Newport line, in Middletown. This sun-filled single family features fresh paint and gleaming hardwoods throughout. Large, open living room with picture frame front window and separate dining area. Brand-new kitchen is equipped with stainless appliances, new laminate floors, and gleaming white cabinetry. Three spacious bedrooms with ample closet space and natural light. This home also boasts a 1 car garage, full clean basement with laundry, and expansive back deck, with a fenced in backyard. Situated near Kay/Catherine, this location is perfect for easy access to downtown Newport, the Naval Base, and Pell Bridge. Close proximity to Broadway and First Beach, this quiet street offers the best of city living, in a tranquil setting. This home is meticulous! Available September 6, 2024 - June 15, 2025
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,480 | $2,480 | $2,480 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $17 | $16 | $21 |
Total Monthly Payment | $92 | $91 | $96 |
* 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.