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Presented by
Ellen Jolley |
Coddington Point Association, comprised of 41 condominiums in 10 buildings, is in the North End of Newport near the CCRI campus and Naval Base. Unit 204 is in The Coaster (Building 2), with a shared entryway with only one other unit, and two assigned parking spots directly out front. Designed in a town house style, the front door opens to a fantastic L-shaped drop zone with easy access to the back door leading to the courtyard as well as the basement stairs. The lower level is comprised of a utility bathroom, kitchenette, flex space perfect for a home gym/office or additional storage, and family room. As you head upstairs, the thoughtful second floor layout has a private deck overlooking greenery, convenient laundry closet, open living concept, efficient kitchen design, full bathroom, and one bedroom. The gleaming Brazilian Tigerwood flooring adds a touch of elevated sophistication. The kitchen has granite counter tops, tile backsplash, stainless steel appliances, and peninsula with bench seating. The third-floor layout offers another private deck, linen closet, and two ensuites with walk-in closets. Turnkey property is perfect for first-time home buyers, investors, or second homeowners. Easy access to downtown Newport via the new walking/bike trail. Reasonable condo fees, professionally managed and pet friendly.
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
Sales Associate
William Raveis Real Estate
Phone: 239.206.6935
Ellen.Jolley@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.541% |
| Monthly Tax Payment | $199 | $199 | $199 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,703 | $1,797 | $2,412 |
| Total Monthly Payment | $1,977 | $2,071 | $2,686 |
* 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.