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Here is your opportunity to own a remarkable piece of Newport history. Now offered to the market, the William Ellery House at 9 Thames Street is a distinctive residence rich in character and period-inspired craftsmanship, standing on the historic site where Declaration of Independence signer William Ellery once lived. Built in 1978, this exceptional home blends historic charm with thoughtful design and features 3 4 bedrooms, 2. 5 baths, and striking exposed post-and-beam construction. Three levels of wide pine flooring and 2 stunning brick fireplaces showcase the home's warm architectural character and timeless appeal. Situated on a rare double lot, the property also offers ample off-street parking an uncommon convenience in the heart of Newport. Experience historic ambiance, unique craftsmanship, and an unbeatable location all in one extraordinary Newport property.
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Our Executive Mortgage Banker:
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$1,499,777
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,199,822 | $1,199,822 | $1,199,822 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $814 | $814 | $814 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,812 | $7,388 | $10,125 |
| Total Monthly Payment | $7,751 | $8,327 | $11,064 |
* 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.