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Dream of living in The Point? 19 & 19 Third Street present an opportunity to own two Victorian cottages in one of Newport's most beloved and historic neighborhoods. Known as the Baxter and Gladding houses, these mid-19th century residences blend original architectural character with thoughtful modern updates, and a flexible living arrangement suited for multi-generational living, guest accommodations, investment potential, or a refined in-town compound. The two single-family homes are connected by a breezeway, and each cottage enjoys its own sense of privacy with separate front entry. Interiors feature hardwood floors, updated kitchens, custom window shutters, and period specific details that define this part of town. Modern improvements include 2x high-efficiency Navien heating systems, Mitsubishi mini-splits, updated utilities, and separate services for each residence. Two blocks from Newport Harbor, and a short walk to America's Cup Avenue, Thames Street, the Newport Shipyard, waterfront parks, and the city's best features, the location offers an exceptional walkable lifestyle immersed in the charm and maritime character that define the Historic Point. The Point has the largest collection of Colonial Homes in the world, and walking around this neighborhood is like taking a trip back in time. This is a legal multi-family property with a layout that easily accommodates a variety of uses. Truly a unique offering where prime location, flexibility, and coastal living converge.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
| 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 | $702 | $702 | $702 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,697 | $7,267 | $10,012 |
| Total Monthly Payment | $7,524 | $8,094 | $10,839 |
* 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.