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42 Second Street, Newport, RI, 02840 | $2,195,000
Nestled in the heart of Newport's Historic Point neighborhood, Willows Edge, built in 1731 by Newport Quaker James Davis, has stood proudly at its corner for nearly three centuries. The finest artisans and craftsmen have meticulously restored this home. From the foundation to the exterior, every detail has been preserved and enhanced with unparalleled care. Offering five bedrooms and four and a half updated bathrooms across three floors, there is space for everyone. This home masterfully blends modern amenities with the charming elegance of the past. The custom-milled exterior, paired with wide plank interior floors and six fireplaces, exudes warmth and craftsmanship. Every inch of this property reflects a deep respect for its history, with no expense spared to ensure its longevity for the next 300 years. The garden edged and fenced back yard is an unexpected oasis to enjoy throughout the seasons. The lovely curb appeal of this property is enhanced by the brick driveway. Set in one of Newport's most sought-after and historically significant neighborhoods, you will be surrounded by beautifully preserved colonial homes and moments from the waterfront, shopping and fabulous eats. Willow's Edge invites you to experience this remarkable fusion of old and new. This is a home built to stand the test of time and is ready to welcome its next chapter.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
- Rooms: 9
- Bedrooms: 5
- Baths: 4 full / 1 half
- Style: Colonial,Historic/Antique
- Year Built: 1731
- Garage: No Garage
- Heating: Gas,Hot Water
- Cooling: Ductless,Central Air
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 2,600
- Acreage: 0.05
- Est. Taxes: $12,879
- Lot Desc: Corner Lot
- Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Washer
- MLS#: 1371412
- Website: https://www.raveis.com
/eprop/1371412/42secondstreet_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
42 Second Street, Newport, RI, 02840
$2,195,000
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 |
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|---|---|---|---|
| Loan Amount | $1,756,000 | $1,756,000 | $1,756,000 |
| 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 | $1,073 | $1,073 | $1,073 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,248 | $11,099 | $14,818 |
| Total Monthly Payment | $11,446 | $12,297 | $16,016 |
* 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