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Fully renovated 4-bedroom, 2-bath home in a quiet off-Broadway neighborhood. With frontage on Russell Avenue and the benefit of a 2-car garage accessed from Mumford Avenue, this property has been updated with precision. Inside, restored hardwood floors, high ceilings, and a double parlor layout provide space and character, while an updated kitchen opens to an oversized great room complete with a wet bar, perfect for entertaining. Exterior access leads directly to the patio and side yard for outdoor enjoyment. A full bath with tub and tiled shower on the main level adds convenience. Upstairs, 4 bedrooms are complemented by a renovated bathroom with tiled shower and quality finishes. A spiral staircase leads to a finished attic, adding more living space for a home office, playroom, media room, guest accommodations, or more. Key improvements include new HVAC, 200-amp electrical service, updated plumbing, replacement windows, new trim, fresh interior and exterior paint, new gutters, and updated fixtures throughout. A solar system allows the owner to generate and bank energy credits with the utility provider, helping offset expenses. Move-in ready homes of this size with a 2-car garage are few and far between in Newport. Located near Broadway's restaurants and coffee shops, downtown Newport, the bridge, and Naval Station Newport, 21 Russell Avenue offers the perfect blend of space, convenience, and turnkey living. Come experience it for yourself!
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$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $920,000 | $920,000 | $920,000 |
| 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 | $522 | $522 | $522 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,152 | $5,590 | $7,701 |
| Total Monthly Payment | $5,799 | $6,237 | $8,348 |
* 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.