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Welcome to 116 Chestnut Street. This beautiful 2046 sq ft loft offers sweeping views of downtown Providence, College Hill & the Providence River Pedestrian Bridge. Soaring 15' ceilings, exposed brick & architectural details come together to create a beautifully unique living space. Details include original hardwood floors, exposed brick walls, beamed ceilings, and massive windows featuring show-stopping panoramas spanning from the historic East Side to Downtown. The spacious kitchen has generous counter space, a professional Viking range & opens onto a modern dining area that is wonderful for entertaining & dining with a view. The large, light-filled primary bedroom includes generous closet space and well-thought-out storage systems. The second bedroom offers a cozy retreat from modern living and city life, as well as space for a home office. The full bathroom includes a spacious vanity, a tile tub/shower, and a walk-in sauna. Two designated off-street parking spots are provided with this unit for your convenience. 116 Chestnut Street is ideally positioned in the historic Jewelry District, which is a quick walk to downtown, train commuting, award-winning restaurants, retail shops, Brown University, RISD, and Johnson & Wales University. Don't miss this rare opportunity to own in one of the great, historic buildings in Providence's fastest-growing neighborhood. You will not want to miss this one!
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $665 | $665 | $665 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,920 | $4,197 | $5,860 |
| Total Monthly Payment | $4,677 | $4,954 | $6,617 |
* 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.