Yearly rental unfurnished for $4900/Month! Available now. Introducing a waterfront residence at 31 Coddington Wharf in the heart of downtown Newport! This 2-bedroom, 2-bathroom unit comes complete with two-car parking. Convenient elevator building, the open-concept design offers a spacious eat-in kitchen and living room with wet bar that opens onto an expansive 8 X 40 ft deck boasting stunning water views through sliders, creating an ideal space for relaxation and entertainment. The primary bedroom is a retreat in itself, featuring sliders to the private deck, a generous walk-in closet, and a double vanity bath. The second bedroom offers the convenience of an ensuite bath, ensuring both comfort and privacy for residents and guests alike. For added convenience there is an in-unit washer/dryer. This unit offers water views from every room, creating a seamless connection from the Newport Bridge to Fort Adams. This residence also offers a private marina, enhancing the overall lifestyle experience. This exclusive condominium is being offered on an annual basis, allowing you to customize and furnish this waterfront gem according to your personal style and preferences. Seize this unparalleled opportunity to elevate your living experience in Newport, where luxury meets coastal charm. Pets negotiable. Unit also available for sale RI Association of REALTORS #1355604.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,200 | $3,200 | $3,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $21 | $21 | $27 |
Total Monthly Payment | $96 | $96 | $102 |
* 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.