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Historic home in the Point Neighborhood, Newport, RI. Property has 3 bedrooms and four full baths with approximately 2, 243 square feet. The lot size is 4, 791 with a yard large and gardens. Being sold "as is" as part of an estate. House is ready to move in.
The first floor has a side entry landing, large dining room, eat-in ktichen, handicapped accessible bath, and formal living room. The second floor has two bedrooms, both with ensuites. The primary has an oversized closet and laundry. The third floor, accessible by a staircase off the side entry can be made private. This floor is a legal apartment with living area, kitchen, small dining area, bath with tub/shower and large bedroom.
A full, unfinished basement is accessible by both a bulk head and the interior. A large expansive yard, with mature plants is a gem in the Point. Currently set up with two off street parking spaces this could easiy be expanded.
Two blocks from Washington Street, walk to water, walk to restaurants, walk to downtown, this location offers easy access on and off island with al the charms and benefits of the Point neighborhood.
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$2,300,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $1,840,000 | $1,840,000 | $1,840,000 |
| 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 | $969 | $969 | $969 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,303 | $11,180 | $15,403 |
| Total Monthly Payment | $11,397 | $12,274 | $16,497 |
* 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.