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76 78 President Avenue, Portsmouth, RI, 02871 | $1,375,000
Beautiful, large duplex style home with an additional in law with paperwork to be an airbnb for extra income. The 2 units are oversized with kitchen, living room, dining area, 2 full baths in each, 2 bdrms with additional space for multiple offices/guest rooms, laundry in each, tons of storage and a finished walk up attic space for an additional 300+ sq ft of living space. Each unit has a private deck with water views. Property is walk to water with water access. Each unit has one bay of the garage included. The inlaw unit is a legal airbnb for additional income. The unit has over 600 sq ft of living space including a loft area, sleeps 5. Laundry in unit and a private deck overlooking the water. This home has so much to offer and many options on how to make it work for you as income producing and easy living! Not to mention, the lower level walk out basement can be finished for extra living space or an additional unit with proper permitting. All of this set on close to an acre of flat gorgeous land, offering a large yard space and privacy.
Features
- Amenities: Highway Access,Marina,Near Schools,Public Transportation,Restaurant,Shopping
- Rooms: 20
- Bedrooms: 5
- Baths: 5 full
- Units: 3
- Laundry: Common Area,In Unit
- Year Built: 1988
- Garage: 3-car Attached,Garage
- Heating: Baseboard,Hot Water,Oil,Zoned
- Cooling: 1 Unit
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Acreage: 0.75
- Est. Taxes: $10,333
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Washer
- MLS#: 1374604
- Website: https://www.raveis.com
/prop/1374604/7678presidentavenue_portsmouth_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@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
76 78 President Avenue, Portsmouth, RI, 02871
$1,375,000
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 | $1,100,000 | $1,100,000 | $1,100,000 |
| 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 | $861 | $861 | $861 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,419 | $6,953 | $9,282 |
| Total Monthly Payment | $7,405 | $7,939 | $10,268 |
* 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