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Nestled in Newport's Sought After 5th Ward Neighborhood! This 5 bedroom 2. 5 bath Victorian is located on a corner lot overlooking the Breakers Stable & Carriage House. You can enjoy the beauty of the Preservation Society's gardens when the flowers are in full bloom this summer! The delightful covered porch welcomes you into this home with gleaming hardwood floors, sun filled rooms, a circular bay living room with French doors to the front porch, and a gorgeous stained glass window over the stairway. In addition, this home has an elegant dining room, an eat in kitchen, a den, and a 1/2 bath on the first level. Located on the second floor is a primary bedroom , two additional bedrooms, all rooms have large custom closets with two additional custom closets off the hallway, and a full bath. The third level has two bedrooms and a spacious full bath which could also serve as a primary penthouse suite with tree top views. The house has an updated 200amp electric service, a newer natural gas Boiler, and a whole house Generac generator. You are located a block away from Morton Park & around the corner from Murphy Field. Just minutes to Ocean Drive, Bailys, Gooseberry and Hazards Beaches, and a few miles away from Brenton Park & Castle Hill. It is also just a short walk to Newport's Harbor, shops, and Restaurants. This is truly a turn of the century, charming Newport Victorian!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,356,000 | $1,356,000 | $1,356,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $686 | $686 | $686 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,913 | $8,460 | $11,534 |
Total Monthly Payment | $8,724 | $9,271 | $12,345 |
* 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.