14 Anchor Way, #3, Newport, RI, 02840 | $1,450,000

Welcome to ANCHOR WAY CONDOMINIUMS, Newport's NEW Neighborhood. UNIT 3 is one of only 2 units left. This unit is 60% complete with a scheduled finish date of 11-30-24. 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, stackable laundry 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 with walk in closte and a 2nd full tub style bath. The storage above tha garage is accgess with a 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#: 1369259
  • Website: https://www.raveis.com
    /prop/1369259/14anchorway_newport_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Libby Kirwin Real Estate   Phone: 401-864-5458

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

14 Anchor Way, #3, 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

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** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,586 $7,237 $9,711
Total Monthly Payment $6,711 $7,362 $9,836

* 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.