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Located in the heart of Newport's historic Fifth Ward, this exclusive four-unit building completely restored in 2022, is just steps from Thames Street's shops and restaurants, the harbor, Gooseberry Beach, NYYC, and Ida Lewis Yacht Club. Situated on the top floor, this single-level, airy and spacious 2-bedroom, 2-bath residence offers an open-concept layout with oak floors throughout, a gourmet kitchen, higher ceilings and tastefully chosen calm colors that create the coastal-chic atmosphere. The building has been completely rebuilt and transformed into four elegant modern residences that share a newly installed, private outdoor patio and terrace with seating, a grill, landscaping, and privacy fencing. Each unit includes two deeded parking spaces in their parking lot and a private storage area. Whether as a year-round home or a perfect Newport pied- -terre, Unit D combines historic character, modern comfort, and an exceptional location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$960,000
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 | $768,000 | $768,000 | $768,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $523 | $523 | $523 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,361 | $4,605 | $6,481 |
| Total Monthly Payment | $4,976 | $5,220 | $7,096 |
* 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.