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Experience the perfect blend of historic Newport charm and modern convenience in this beautifully renovated two-bedroom cottage located in the heart of downtown Newport. Completely gutted and thoughtfully rebuilt three years ago, this exceptional home offers peace of mind with virtually everything updated included exterior, windows, flooring, kitchen, bathrooms, electrical, heating, and central air conditioning.
Inside, you'll find gleaming hardwood floors, stylish tile baths, and a bright, open feel that complements today's lifestyle. The beautifully appointed kitchen and updated systems provide all the comforts of newer construction while preserving the character and warmth that make Newport living so special. With a private walkway, patio and side yard, you have just enough outside space to call your own.
Step outside the gate and enjoy one of Newport's most desirable walkable locations. Stroll to downtown shops, restaurants, and entertainment venues, explore the scenic waterfront along Newport Harbor, or spend the day discovering nearby parks, historic Bellevue Avenue, and the city's renowned attractions. Whether you're seeking a year-round residence, vacation retreat, or investment opportunity, this turnkey cottage offers an exceptional lifestyle in the heart of Newport.
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,500
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 | $679,600 | $679,600 | $679,600 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $543 | $543 | $543 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,859 | $4,075 | $5,735 |
| Total Monthly Payment | $4,494 | $4,710 | $6,370 |
* 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.