39 Powel Avenue, Newport, RI, 02840 | $2,000,000

Here is the ultimate 2 family Victorian home with a separate 2 level Carriage House with a large unobstructed 5 car driveway and huge fenced in back yard just off of desirable Kay St neighborhood ready for the next owner/investor. The front home offers a 1st floor open concept apartment with 2 bedrooms and 1 bathroom, cathedral ceilings, gorgeous hardwood floors throughout with access to a stunning wrap around farmers porch with newly replaced black Marvin windows that are floor to ceiling and newly installed mini splits. A beautifully updated white kitchen with stainless steel appliances and nicely updated bathroom leaves nothing untouched for the next owner. The separate second floor apartment with its grand staircase has another large and spacious 2 bedroom and 1. 5 bathrooms with beautiful hardwood floors, all new black Marvin windows, and new mini splits. A nicely updated eat in kitchen with center butcher block island and huge farmers table is no problem for its generous space. A newly renovated full bathroom and half bathroom with a large laundry room is unheard of. Then you can relax on a new composite deck for your own separate enjoyment . We can then take you to a separate 2 level carriage house with 1 bedroom and 1. 5 bathrooms with an updated kitchen and stainless steel appliances with hardwood floors on the first floor and new mini splits. Then the final touches were added with a stunning black aluminum roof on the Carriage House and farmers porch.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 3 full / 2 half
  • Units: 3
  • Laundry: Common Area,In Unit
  • Year Built: 1890
  • Garage: No Garage
  • Heating: Electric,Gas,Heat Pump
  • Cooling: Heat Pump
  • Basement: Exterior Entry,Full,Interior Entry,Partially Finished
  • Acreage: 0.26
  • Est. Taxes: $9,345
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
  • MLS#: 1371241
  • Website: https://www.raveis.com
    /prop/1371241/39powelavenue_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 Bay Shores Real Estate   Phone: 508-971-0620

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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  • 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

39 Powel Avenue, Newport, RI, 02840

$2,000,000

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 $1,600,000 $1,600,000 $1,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment $779 $779 $779
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,211 $10,113 $13,502
Total Monthly Payment $10,115 $11,017 $14,406

* 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.