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Rare opportunity in one of Newport's most desirable and limited waterfront locations! Situated on the harbor side of downtown Newport, this newly constructed 544-square-foot studio is part of an exclusive 13-unit residential conversion making it not just a serene retreat, but a strategic real estate asset. This light-filled studio combines modern coastal design with durable, high-end finishes, including wide-plank hardwood floors, a spa-inspired bathroom, and an open-concept layout designed to maximize comfort and usability. Whether you're looking for rental potential or a pied- -terre for seasonal use, Unit 102 is one of only three studios in the building, ensuring lasting scarcity and desirability. Located just steps from the Brown & Howard Marina, this unit is tailor-made for boaters and waterfront lifestyle enthusiasts. With Newport's shops, fine dining, and iconic attractions just outside your door, the walkability and prestige of this address further enhance its value. Additional features include one garage parking space and one assigned exterior space, making this a rare turnkey package for Newport's tightly held waterside market. With the building recently transitioned to all-residential use, owners now enjoy a more private, community-focused setting ideal for investment stability. Invest in lifestyle, location, and long-term value Unit 102 is your gateway to Newport harborfront ownership.
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,597 | $3,743 | $4,982 |
| Total Monthly Payment | $3,689 | $3,835 | $5,074 |
* 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.