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17 Willow Street, #1, Newport, RI, 02840 | $879,000
The Point, turnkey and ready to move in. The property has undergone an extensive top-to-bottom renovation and modernization while preserving the character and charm that make The Point so special. This first-floor unit features 2 beds and 1 bath.
Since 2023, the current owner has invested substantially in both building systems and finishes, including updated electrical service, heating and cooling improvements, insulation, sound attenuation between units, roofing, plumbing upgrades, refinished hardwood flooring, in-unit laundry, and extensive exterior restoration.
Outside, residents enjoy professionally designed shared grounds featuring restored historic cobblestones, bluestone patios, multiple seating areas, mature plantings, and garden spaces created to function as an extension of the living areas.
Condominium documentation has been prepared, creating the potential for future individual unit sales.
17 Willow presents a unique combination of historic character, modern infrastructure, and exceptional location within walking distance of Newport Harbor, downtown shops, restaurants, and waterfront amenities.
*Please note, one off street parking space is available for bid for this complex, not included in the asking price. Additionally, the other two units are also for sale.
Features
- Heating: Central,Gas
- Cooling: Central Air
- Amenities: Highway Access,Marina,Other,Public Transportation,Restaurant,Shopping,See Remarks
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Laundry: In Unit
- Complex: The Point
- Year Built: 1725
- Common Charge: $575 Monthly
- Approx Sq. Feet: 755
- Est. Taxes: $0
- Lot Desc: Private,Secluded
- Pets Allowed: Yes
- Appliances: Dryer,Dishwasher,Exhaust Fan,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
- MLS#: 1414670
- Website: https://www.raveis.com
/prop/1414670/17willowstreet_newport_ri?source=qrflyer
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888.699.8876
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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2104486
860.625.5780
Brianna.Turgeon@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
17 Willow Street, #1, Newport, RI, 02840
$879,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brianna Turgeon
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $703,200 | $703,200 | $703,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,883 | $4,216 | $5,839 |
| Total Monthly Payment | $3,975 | $4,308 | $5,931 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB