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Priced at $1. 649M The Hutchinson at Aquidneck Village. Experience refined coastal living in The Hutchinson a stunning new-construction home by master builder Harbor Construction, designed by Alex Interiors and the award-winning Union Studio Architects. Set just off Willow Lane in Portsmouth directly across from the prestigious Aquidneck Club, steps from Narragansett Bay, minutes to Newport, and only 10 minutes from the Massachusetts line. Vacation and live year-round in the same home, surrounded by the best of coastal Rhode Island. This residence blends timeless New England architecture with modern coastal luxury. Offering 2, 970 sq. ft. of elegant living space plus an optional 770 sq. ft. finished lower level this 3-bedroom, 3-bath home includes a spacious bonus room, soaring 9-foot ceilings, and abundant natural light throughout. Premium finishes define every detail: French white oak flooring, gas fireplace, wireless sound system, Thermador appliances, custom casework, and 80-inch glass sliders that open to beautifully landscaped outdoor spaces. Optional upgrades include a private elevator, wet bar, and a finished lower level perfect for entertaining. The fenced-in yard and lush landscaping provide a serene setting to relax and enjoy the outdoors. These are stand-alone, single-family style condominiums, offering the best of both worlds: luxury home living with low-maintenance ease. Interior virtually rendered/staged.
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$1,649,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,319,200 | $1,319,200 | $1,319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,285 | $8,016 | $11,043 |
| Total Monthly Payment | $7,410 | $8,141 | $11,168 |
* 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.