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JUST IN TIME FOR SUMMER! -Ideally located just minutes from the beaches in Middletown and the shops, restaurants, and historic charm of downtown Newport, this newly constructed residence offers comfortable coastal living with thoughtful design throughout. With 6 bedrooms, all with en-suite baths, and 2 1/2 baths, the home works equally well as a primary residence or a second home getaway. The open floor plan suits today's lifestyle, providing easy flow for everyday living and plenty of room for hosting family and friends. The kitchen, which features an oversized quartz island, and a luxury stainless appliance suite - Subzero 42" Refrigerator, Wolf 36" induction cooktop, Wolfe double ovens, Cove dishwasher, connects seamlessly to the main living area, where one of three gas fireplaces adds warmth and character. A first-floor bedroom offers flexibility for guests or office space, and a separate family room on this level provides additional living options. The second floor includes a spacious family room with a fireplace and three en-suite bedrooms, each with radiant heated bathroom floors for added comfort. The third level offers even more flexible living space, along with two additional en-suite bedrooms ideal for guests or extended family. With multiple living areas across three levels, this home provides a great balance of shared gathering spaces and private retreats, all in a highly desirable coastal location.
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Our Insurance Division:
$2,989,000
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 | $2,391,200 | $2,391,200 | $2,391,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | $299 | $299 | $299 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,577 | $14,336 | $20,178 |
| Total Monthly Payment | $14,001 | $14,760 | $20,602 |
* 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.