40 Red Cross Avenue, Newport, RI, 02840 | $1,995,000
Location, Location, Location! This Custom-Built Coastal Cape Cod is located on a beautiful 20, 000sq. ft. lot defined by a stone wall, mature plantings, circular drive and ample parking. Hardwood floors throughout, 1st floor Primary Suite with two individual walk-in closets, two private bathrooms, and WFH office. Two additional bedrooms with full bath, spacious living room with wood burning fireplace, formal dining room, wood paneled family room off the kitchen with custom designed wood burning fireplace surrounded by handcrafted tiles and custom cabinetry. The sun filled kitchen has large bay windows overlooking the deck and backyard, custom oak cabinets with designer hardware, floor to ceiling open pantry, charcoal granite countertops, stainless appliances, and breakfast area with French doors to deck & backyard. 2nd floor has a cozy bedroom en suite bath with sitting area/WFH office, ADA accessible 21x26 great room with gas fireplace, half bath, office or potential 5th bedroom. This charming house has several ADA features; stair chair to second floor great room, flat thresholds throughout the 1st floor & a wheelchair lift in the garage. Plus two car garage, storage/wood shed, Generac Generator, city water & natural gas - R20 zone. Enjoy the convenience of living centrally located to the local restaurants, shopping, the Tennis Hall of Fame, the beaches, Cliff Walk, Newport Harbor and Newport Mansions. Fantastic residence or rendezvous destination. Don't miss out on this gem!
Features
- Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Shopping,Tennis Court(s)
- Rooms: 13
- Bedrooms: 4
- Baths: 4 full / 2 half
- Style: Cape Cod
- Year Built: 1953
- Garage: 2-car Attached,Garage,Garage Door Opener
- Heating: Forced Air,Gas,Individual,Zoned
- Cooling: None
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Approx Sq. Feet: 3,444
- Acreage: 0.46
- Est. Taxes: $14,337
- Lot Desc: Corner Lot
- Appliances: Dishwasher,Disposal,Gas Water Heater,Oven,Range,Refrigerator,Water Heater
- MLS#: 1372671
- Website: https://www.raveis.com
/eprop/1372671/40redcrossavenue_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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- 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
40 Red Cross Avenue, Newport, RI, 02840
$1,995,000
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 | $1,596,000 | $1,596,000 | $1,596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.748% | 6.396% | 6.036% |
| Monthly Tax Payment | $1,195 | $1,195 | $1,195 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,062 | $9,827 | $13,360 |
| Total Monthly Payment | $10,382 | $11,147 | $14,680 |
* 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