What better place to spend the best months that Newport has to offer than in the coveted Fifth Ward neighborhood; this contemporary home is perfect for enjoying the walkability that Newport has to offer! Located downtown, this pied-a-terre offers three floors, 2 bedrooms, 2 full bathrooms and just under 1100 square feet of living space. Newly installed mini-splits allow for superior comfort. There is a south facing deck off the kitchen for al fresco dining as well as a fenced in patio space in the backyard for entertaining or barbecuing. Parking for up to 4 cars is a highlight of this property as well as a brand-new electric vehicle charger; park your car and walk or bike to downtown, the beaches, or parks. Watch sunsets just steps away from your door at Kings Park! If you've been looking for a downtown escape to enjoy the Newport experience, look no further than 39 Simmons Street! Fully furnished and everything included, just bring yourselves. This is available for the following months: April 6k, May 7k, June 8k, July 10k, August 10k, September 8k, and October 7k. Multiple months would be considered at a discount.
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William Raveis Real Estate
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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 | $8,000 | $8,000 | $8,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $53 | $53 | $67 |
Total Monthly Payment | $128 | $128 | $142 |
* 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.