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25 Rhode Island Avenue, #2, Newport, RI, 02840 | $1,525,000
Experience sophisticated Newport living in this 3 bedroom 2. 5 bath, fully renovated, turn-key condominium. Spanning over 2, 000 square feet, this residence has undergone an extensive, down-to-the-studs transformation with no detail spared. Inside, natural light floods the open-concept main level, showcasing gleaming new hardwood floors. The spacious living and dining areas flow effortlessly into a designer kitchen, which opens via sliding doors to a large deck for outdoor entertainment. Two main-level bedrooms with custom closet built-ins offer flexibility for guests or a refined home office. Upstairs, the expansive primary suite serves as a serene sanctuary, featuring a massive walk-in closet with custom organization and a luxury en-suite bath. Complete with brand-new bathrooms, elegant finishes, and in-unit laundry, this property delivers a premium, maintenance-free lifestyle. Enjoy total peace of mind with a brand-new roof, premium siding, high-efficiency windows, and entirely upgraded plumbing, electrical, and HVAC systems. Ideally situated steps from Newport's legendary waterfront, beaches, boutique shopping, and world-class dining, this home represents the pinnacle of coastal convenience. The property includes two parking/garage spaces, a large basement storage/workshop area, and additional attic storage all with a low $320 monthly HOA fee. The home can also be offered fully furnished if desired. Note: The neighborhood does not show how updated the neighborhood is.
Features
- Parking: 2-car
- Heating: Central,Ductless,Gas
- Cooling: Ductless,Central Air
- Amenities: Highway Access,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
- Rooms: 5
- Bedrooms: 3
- Baths: 2 full / 1 half
- Laundry: In Unit
- Complex: Kay and Broadway
- Year Built: 1900
- Common Charge: $320 Monthly
- Approx Sq. Feet: 2,175
- Est. Taxes: $4,192
- Pets Allowed: Yes
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Range Hood,Tankless Water Heater,Washer
- MLS#: 1412147
- Website: https://www.raveis.com
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
25 Rhode Island Avenue, #2, Newport, RI, 02840
$1,525,000
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 | $1,220,000 | $1,220,000 | $1,220,000 |
| 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 | $349 | $349 | $349 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,832 | $7,413 | $10,213 |
| Total Monthly Payment | $7,306 | $7,887 | $10,687 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB