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10 Red Cross Terrace, Newport, RI, 02840 | $1,200,000
Discover the ultimate Newport lifestyle at 10 Red Cross Terrace! This freshly renovated 4-bed, 2-bath home offers an unbeatable location on a quiet dead-end street, just a 10-minute walk from beautiful First Beach. Enjoy being steps away from the famed Bellevue Avenue and the prestigious International Tennis Hall of Fame and less than a 20-minute stroll to the downtown waterfront, filled with shops, dining, and cultural attractions. Newport is renowned for its beautiful beaches, and rich history, making it the perfect destination for both relaxation and adventure. Spend your days soaking up the sun on the soft sands, exploring the historic mansions along Bellevue Avenue, or indulging in fresh seafood at one of the many waterfront restaurants. Nestled in a quiet neighborhood, this home provides a peaceful retreat while keeping you close to all the excitement Newport has to offer. Whether you're enjoying a casual stroll through the picturesque streets or taking part in local events, this location is ideal for anyone looking to immerse themselves in the vibrant Newport community. With its prime location and desirable features, this property also presents a great and lucrative investment potential, perfect for a rental or as a vacation home. Additionally, expansion options remain, allowing you to customize and enhance the property to fit your vision. This home is more than just a residence; it's your gateway to the best of Newport. Don't miss out on this incredible opportunity!
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 8
- Bedrooms: 4
- Baths: 2 full
- Style: Ranch
- Year Built: 1952
- Garage: 1-car Attached,Garage
- Heating: Baseboard,Heat Pump,Oil
- Cooling: Ductless,Heat Pump
- Basement: Full,Interior Entry,Partially Finished
- Approx Sq. Feet: 2,261
- Acreage: 0.19
- Est. Taxes: $7,893
- Appliances: Dryer,Dishwasher,Microwave,Oven,Range,Refrigerator,Tankless Water Heater,Washer
- MLS#: 1369867
- Website: https://www.raveis.com
/prop/1369867/10redcrossterrace_newport_ri?source=qrflyer
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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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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
10 Red Cross Terrace, Newport, RI, 02840
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $658 | $658 | $658 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,602 | $6,068 | $8,101 |
| Total Monthly Payment | $6,385 | $6,851 | $8,884 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB