New Construction Home in the Point w/ off-street parking! This magnificent 3, 142 sf new home was custom built by Harbor Construction and artfully designed by A. Tesa Architecture of Newport complemented by a professionally designed interior by Alex Interiors. The main floor features an open floor plan with a custom designed and built kitchen by Metropolitan Cabinets equipped with Thermador appliances along with a separate mudroom and powder room off the main entrance. Sliders open up to a natural stone patio and a generously sized fully fenced in landscaped backyard. Stepping up to the 2nd floor the en-suite primary bedroom includes high end details such as a nickel-gap shiplap ceiling and spa quality shower by Rohl. Additionally, the 2nd floor has an en-suite bedroom for guests. The top floor includes two more generously sized bedrooms and a full bath. Wide plank white oak flooring is found throughout. Rounding out the interior is a finished full height lower level with oversized casement windows flooding the space with natural light. The 500 sf finished space is perfect for a media room, gym, wine room or lounge and also includes a 1/2 bath on this level. The exterior was built to the highest quality with double dipped Maibec cedar shingles, cedar clapboards and Anderson 400 windows. The farmers porch adds the perfect touch of classic architecture with contemporary living. Don't miss this opportunity to purchase the first new home to come to market in the Point in decades!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,899,000
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 | $2,319,200 | $2,319,200 | $2,319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $357 | $357 | $357 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,905 | $15,042 | $20,203 |
Total Monthly Payment | $14,387 | $15,524 | $20,685 |
* 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.