Chic loft at the highly coveted 116 Chestnut Street Lofts, is the one you have been searching for. The gallery like entrance hall opens into this expansive space. Be immediately impressed by the gorgeous 12' wood beamed ceilings, rich wood floors and oversized windows framed by exposed brick walls showcasing views from the historic East Side across the cityscape to Downtown. The chef's kitchen takes center stage with honey toned cabinetry, stone counters and crisp new white appliances. A private sleeping alcove offers a cozy respite from the hustle and bustle of city living. A generous full bath has large vanity with a dark, rich stone counter, tile tub and shower and a convenient in unit laundry. Located at the edge of the Jewelry District, this stunning apartment is just steps to theater, restaurants and District and Waterplace Parks. A short stroll across the pedestrian bridge connects you to all the shops along Wickenden and South Main Streets, including Trader Joe's with India Point Park at the top of Narragansett Bay beyond. Enjoy all the benefits the Creative Capital has to offer at your doorstep. You will not want to miss this one.
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Our Executive Mortgage Banker:
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$789,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $631,200 | $631,200 | $631,200 |
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 | $608 | $608 | $608 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,199 | $4,195 | $5,323 |
Total Monthly Payment | $4,899 | $4,895 | $6,023 |
* 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.