14 Leroy Avenue, Newport, RI, 02840 | $6,950,000

Premier Location. Privately nestled on nearly 2 acres off Bellevue Avenue, this rare and unique offering is exquisite in every detail.
Inspired by the charm, elegance and craftsmanship of an ancestral manor house, this stately home offers elegant grand spaces for formal entertaining and warm inviting rooms for daily living. The entry hall features a vaulted ceiling and arched doorways, beyond are rooms of classic beauty and proportions, with discerning attention to scale and balance. Elaborate plaster crown and dentil moldings are present throughout, including the great room with 20' ceiling and marble fireplace. The spacious formal dining room is embraced by curved walls and apsidal windows creating an enveloping elegance. Soft sunlight streams through the library, a bibliophile's dream, with recessed trey ceiling, wet bar and fireplace. Each room flows seamlessly into the other. The office, or den, is a private haven, complete with built-in bookcases and a cozy sleeping nook. Upstairs, a circular landing and anterooms separate two large primary en-suite bedrooms, one with fireplace, one with balcony. The mezzanine level gives onto the en-suite guest bedroom. A well-appointed light-filled kitchen, with a soaring ceiling offers access to a stone patio for outdoor entertaining and dining, overlooking the park-like grounds. Mature specimen trees adorn this beautifully landscaped property. A premier Newport estate location, walk to town, harbor, Cliff Walk and beaches.

Features

  • Amenities: Marina,Near Schools,Recreation Area,Shopping
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Style: Victorian
  • Year Built: 2003
  • Garage: No Garage
  • Heating: Forced Air,Gas
  • Cooling: Central Air
  • Basement: Full,Interior Entry,Unfinished
  • Approx Sq. Feet: 3,675
  • Acreage: 1.9
  • Est. Taxes: $17,895
  • Appliances: Dryer,Dishwasher,Exhaust Fan,Gas Water Heater,Microwave,Oven,Range,Range Hood,Water Heater,Washer
  • MLS#: 1353183
  • Website: https://www.raveis.com
    /eprop/1353183/14leroyavenue_newport_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Lila Delman Compass   Phone: 401-848-2101

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

14 Leroy Avenue, Newport, RI, 02840

$6,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 $5,560,000 $5,560,000 $5,560,000
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 $1,491 $1,491 $1,491
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $33,783 $36,525 $48,816
Total Monthly Payment $35,399 $38,141 $50,432

* 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.