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8 Anchor Way, #2, Newport, RI, 02840 | $1,450,000
Welcome to ANCHOR WAY CONDOMINIUMS, Newport's NEW Neighborhood. UNIT 2 is one of only 2 units left. This unit is 60% complete with a scheduled finish date of 10-30-24. The developer and its architectural team have worked together to design 8 dynamic townhouses. Each unit has a welcoming front porch opening to a lovely entry way adjacent to a mudroom with herringbone designed slate grey tile floor, large pantry closet & coat closet. Past the entry you enter the living room with a gas fireplace, a walk through to the formal dining room with a hallway to a powder room also plumbed to update to a shower style bath if desired, and on to the den / office or first floor bedroom with walk in closet. The state-of-the-art kitchen with center island located at the end of the unit with sliding doors leading to a back patio, thoughtfully positioned for entertaining and back yard access. Classic moldings and hardwood floors throughout. The 2nd floor has a master with ensuite bathroom and walk in closet, a second bedroom and a 2nd full tub style bath, and laundry room, large storage area with access through garage by drop down staircase. Each unit has a single car garage and additional driveway parking. A complete design package is available. If you've been waiting for new construction in the center of Newport, these townhomes have been created just for you. LOVE WHERE YOU LIVE!
Features
- Parking: 2-car
- Heating: Electric,Forced Air,Heat Pump,Propane
- Cooling: Central Air
- Amenities: Marina,Near Schools,Public Transportation,Restaurant,Shopping,Tennis Court(s)
- Rooms: 8
- Bedrooms: 3
- Baths: 2 full / 1 half
- Laundry: In Unit
- Complex: Anchor Way off Memorial
- Year Built: 2024
- Common Charge: $900 Monthly
- Approx Sq. Feet: 1,835
- Acreage: 1.41
- Est. Taxes: $0
- Lot Desc: Cul-De-Sac
- Pets Allowed: Yes
- Appliances: Dishwasher,Electric Water Heater,Disposal,Microwave,Oven,Range,Refrigerator
- MLS#: 1369047
- Website: https://www.raveis.com
/prop/1369047/8anchorway_newport_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
8 Anchor Way, #2, Newport, RI, 02840
$1,450,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,496 | $7,048 | $9,555 |
| Total Monthly Payment | $6,621 | $7,173 | $9,680 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB