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Tucked on a private lot moments from Middletown's beaches and just two miles from downtown Newport, 5 Maloney Lane is the rare turnkey home where the work is already done five bedrooms, four and a half baths, and 3, 720 square feet above grade, plus another 900 finished below. The first floor lives beautifully: an open plan where an updated kitchen with Thermador and Bosch appliances, quartz counters, and a tiled backsplash flows into a welcoming living room with a wood-burning fireplace and a dining area, all opening to a new private deck above the heated pool that is framed by a newly installed pavers/pool surround and mature landscaping. A first-floor guest suite with its own entrance and private outdoor space adds real versatility an easy main-level primary or a standalone ADU. Warm bamboo flooring carries up to the second floor, where the primary suite is a true retreat: a Victoria & Albert soaking tub, a generous tiled shower, radiant-heated bathroom floors, a 72-inch double vanity, a private water closet, and a walk-in closet. Three more bedrooms and a freshly redone full bath complete the level. The finished lower level offers a full bath and room to spread out gym, family room, or both. n addition there is central air, a GAF Timberline roof, a new Weil-McLain boiler, and an oversized two-car garage, and you have a home that delivers on every level steps from the beaches and St. George's, minutes from Newport.
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NMLS Mortgage Loan Originator ID 81725
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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 | $1,836,000 | $1,836,000 | $1,836,000 |
| 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 | $803 | $803 | $803 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,425 | $11,008 | $15,493 |
| Total Monthly Payment | $11,352 | $11,935 | $16,420 |
* 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.