Sited on 2. 7 pristine acres just off famed Indian Avenue, this Newport County coastal retreat offers something increasingly rare; true privacy, lush landscaping, and a seamless connection to the outdoors, all just one mile from Middletown's Third Beach and two miles from the heart of downtown Newport. Thoughtfully remodeled throughout, the four-bedroom, three-and-a-half-bath home features a completely remodeled kitchen and a beautifully updated primary bath that elevates the everyday. Nearly every interior room opens directly to a deck or patio overlooking the park-like grounds or the sparkling gunite saltwater pool. The first floor flows effortlessly from the stunning new kitchen with sitting area to a wood-burning fireplace living room and two dining spaces, culminating in a covered porch with sweeping backyard views. The generous primary suite features the newly updated bath, a walk-in closet, and its own private covered porch overlooking the pool. The walk-out lower level adds a fourth bedroom, full bath, dedicated gym, and three-car garage. One mile from Third Beach, the Norman Bird Sanctuary, Sachuest Wildlife Refuge, and Sweet Berry Farm one of the finest locations on Aquidneck Island.
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$3,495,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,796,000 | $2,796,000 | $2,796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,818 | $1,818 | $1,818 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,440 | $16,763 | $23,218 |
| Total Monthly Payment | $17,383 | $18,706 | $25,161 |
* 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.