12 Poplar Street, Newport, RI, 02840 | $2,350,000

Welcome to Poplar Point, a beautifully renovated residence set on an oversized lot in Newport's coveted Point neighborhood offering rare space, flexibility, and refined coastal living. The bright main home features high ceilings, hardwood floors, and abundant natural light. The kitchen is appointed with top-of-the-line appliances, marble countertops, and a walk-in pantry, opening to comfortable living and dining spaces and a desirable first-floor primary suite with en-suite bath, walk-in closet, and enclosed front porch. Upstairs are three additional bedrooms, three full bathrooms, and a second living area, while the third-floor cupola offers flexible space for an office, guest room, or fitness area. The property includes multiple distinct living spaces, including a private apartment with its own entrance, as well as 12 1/2 Poplar Street, a detached one-bedroom, one-bath cottage with its own heating, electric, and water line that has been successfully rented for years and is equally suited as a guest house, studio, or home office. A very large basement provides exceptional storage and utility space. Set on one of the larger lots in The Point with beautifully landscaped grounds and generous off-street parking, the property offers a rare opportunity to spread out, entertain, and enjoy Newport's coastal lifestyle just moments from the harbor, waterfront parks, and downtown.

Features

  • Amenities: Highway Access,Marina,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 22
  • Bedrooms: 6
  • Baths: 6 full / 1 half
  • Units: 3
  • Year Built: 1876
  • Garage: No Garage
  • Heating: Baseboard,Electric,Gas,Hot Water,Oil
  • Cooling: Window Unit(s)
  • Basement: Full,Unfinished,Walk-Out Access
  • Acreage: 0.19
  • Est. Taxes: $9,728
  • Appliances: Dryer,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Range Hood,Washer
  • MLS#: 1406384
  • Website: https://www.raveis.com
    /prop/1406384/12poplarstreet_newport_ri?source=qrflyer
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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 Our Real Estate   Phone: 401-835-7778

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888.699.8876

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

12 Poplar Street, Newport, RI, 02840

$2,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,880,000 $1,880,000 $1,880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $811 $811 $811
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,527 $11,423 $15,738
Total Monthly Payment $11,463 $12,359 $16,674

* 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.