July 2025. This two-level condo boasts period detail with elegant custom trim and wainscoting reflecting the home's distinguished architecture. Built in 1852, Lansmere is one of the finest examples of pre-Civil War stone architecture in Newport surrounded by stone walls and three acres of landscaping that features fine specimen trees and outside furnishings.
This unit's open concept first floor offers a half-bath, kitchen, living and dining area in a comfortable, yet elegant setting for entertaining as well as quiet enjoyment of space. The second level offers privacy for the two-bedrooms, a full bath and laundry. All this within easy walking distance to Newport's restaurants, shops, waterfront and other attractions. This is truly an oasis for a summer or fall vacation. Also available as a winter rental fall 2025- spring 2026.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,500
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 | $6,800 | $6,800 | $6,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $45 | $45 | $58 |
Total Monthly Payment | $120 | $120 | $133 |
* 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.