Discover the perfect blend of modern luxury and coastal charm in this exceptional Newport condo. Ideally located within walking distance to the Cliff Walk, First Beach, downtown shops, and the vibrant Farmer's Markets, this residence offers unparalleled convenience and lifestyle. This beautifully renovated 2-bedroom, 2 full bathroom gem has been meticulously updated from the studs up, boasting high-end finishes and thoughtful design throughout. Enjoy the elegance of quartz countertops, custom cabinetry, and engineered hardwood floors beneath soaring 10-foot ceilings. Unique to this condo is a rare detached 1-car garage, alongside a generously-sized backyard perfect for relaxation or entertaining. With low condo fees, it's an ideal setting for both comfort and convenience. Modern amenities include a mini-split system, new mechanicals, electrical, and plumbing, storage, plus a new gas hot water heater, ensuring worry-free living. Step out the door and explore Thames Street's delightful restaurants and boutique shops, or simply savor the tranquility of your new home. Don't miss this opportunity to own a piece of Newport's finest!
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Our Executive Mortgage Banker:
Our Insurance Division:
$574,900
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 | $459,920 | $459,920 | $459,920 |
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 | $267 | $267 | $267 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,060 | $3,057 | $3,879 |
Total Monthly Payment | $3,419 | $3,416 | $4,238 |
* 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.