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*Please refer to supplements for additional information and bid submission instructions. All bids must be in by July 22nd. Assessment and taxes are estimated and are subject to change. HOA fees subject to change. * Welcome to Jamestown Overlook, a reimagined waterfront community formerly known as Newport Overlook, offering a rare opportunity to own a condominium in Jamestown, Rhode Island. These thoughtfully designed two bedroom, two bath residences feature abundant natural light, attached garages, skylights, dedicated laundry rooms, spacious multi level living, and multiple outdoor spaces including first floor patios and private decks off the living area with some views of Narragansett Bay and the bridge. Residents enjoy access to community amenities including a pool, hot tub, landscaped grounds, and dedicated parking. Enjoy close proximity to Jamestown's charming village, marina, golf, tennis, dining, and beaches, with Newport accessible within minutes by bridge or water taxi. Conveniently located near TF Green Airport, approximately one hour from Boston and roughly three hours from New York City. Offered fully furnished and turn key. Property is being sold as is.
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $165 | $165 | $165 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,694 | $3,792 | $4,982 |
| Total Monthly Payment | $3,950 | $4,048 | $5,238 |
* 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.