Welcome to this stately two-family residence located just beyond famed Bellevue Avenue with views of Newport Harbor. This unique property features an expansive wrap-around porch and deck which are southwest facing - perfect for enjoying your morning coffee or evening sunsets, with distant harbor views as your backdrop. Inside, you'll find beautifully lit rooms that highlight the home's original elegant design with modern conveniences, offering a welcoming atmosphere. The first-floor unit boasts an open floor plan, hardwood floors, two bedrooms and two full baths complemented by a versatile den that can serve as a home office. Enter the second unit through its grand foyer, leading to the units remarkable living space and kitchen, with an abundance of natural light, soaring ceilings and beautifully finished hardwood floors. The primary ensuite bedroom completes this level with private access to the deck. The third level features two additional bedrooms with a full bath. Other amenities include central A/C, a two-car garage and off-street parking for four cars. With its central Newport location, the best shops, restaurants and Newport attractions are steps away. This home is ideally suited for both relaxation and functionality as a single-family conversion or as a lucrative rental property. Also listed as a Single Family MLS #1364924
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
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 |
|
---|---|---|---|
Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,131 | $1,131 | $1,131 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,490 | $12,616 | $16,843 |
Total Monthly Payment | $12,746 | $13,872 | $18,099 |
* 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.