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7 Coddington, Newport, RI, 02840 | $1,799,900
Rare Waterfront Business District Legal 3 Bedroom Short Term Guest House. This Spectacular Newport Harbor beauty wows from the moment you enter. Beautifully, thoughtfully and thoroughly remodeled in 2022/2023. Lower level includes a 2 car garage and modern mudroom. Main level is indulgent in its fabulous custom mill work throughout, gorgeous new wide plank flooring, custom cabinets and high end appliances including Jenn-Air Induction stove, Sub-Zero refrigerator, and sparkling quartz counters. The open concept allows for all your guests to be engaged whether in the cozy dining nook, kitchen or sunny (southern exposure) living area which includes a built in 55 TV. The gorgeous floors and custom millwork continue up the stairs and throughout the second level where you will find the primary bedroom with dreamy oversized marble shower, two additional bedrooms and a gorgeous full bath. The roof top deck offers a stunning and inviting view of Newport Harbor, the Newport Bridge, Ft Adams and of course, spectacular sunsets. Quaint, private fenced in courtyard in the back includes convenient gas line for your grill. Property includes one off street parking pass. Town water and sewer, gas heat and central air make this a gem difficult to part with. Strong rental history with over $100K in bookings in 2024 with room for more and already have $40K+ in bookings for 2025.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 6
- Bedrooms: 3
- Baths: 2 full / 1 half
- Style: Cabin,Contemporary
- Year Built: 2007
- Garage: 2-car Built In
- Heating: Forced Air,Gas
- Cooling: Central Air
- Basement: None
- Approx Sq. Feet: 1,500
- Acreage: 0.04
- Est. Taxes: $10,121
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1373081
- Website: https://www.raveis.com
/eprop/1373081/7coddington_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
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- 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
7 Coddington, Newport, RI, 02840
$1,799,900
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 | $1,439,920 | $1,439,920 | $1,439,920 |
| 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 | $843 | $843 | $843 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,403 | $9,101 | $12,151 |
| Total Monthly Payment | $9,371 | $10,069 | $13,119 |
* 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