36 Kay Street, #1, Newport, RI, 02840 | $530,000

Converted mansion condominiums are highly sought-after for that taste of Gilded Age Newport! Enjoy single-level living in close proximity to many restaurants and local attractions on Bellevue and Broadway. Victorian era details garnish every room of the unit including two decorative marble fireplaces, hardwood floors, high ceilings with crown molding, and large, fully-restored historic windows. The south-facing windows bring tons of light into the living room and thoughtfully-designed kitchen that offers great counter space, dishwasher, gas cooking, and a combination washer/dryer unit. A spacious bedroom with two closets is the icing on the cake! Some additional perks of this first floor condominium include a private side entrance, parking for one, basement storage, and in-unit laundry. Pets are permitted with a weight limit of 50lb.

Features

  • Parking: 1-car
  • Heating: Gas,Hot Water,Steam
  • Cooling: Ductless
  • Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Restaurant,Shopping,Tennis Court(s),Sidewalks
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: In Unit
  • Complex: Kay/Catherine
  • Year Built: 1900
  • Common Charge: $317 Monthly
  • Approx Sq. Feet: 756
  • Est. Taxes: $5,430
  • Lot Desc: Corner Lot
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Washer
  • MLS#: 1374870
  • Website: https://www.raveis.com
    /raveis/1374870/36kaystreet_newport_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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.

Kelly MoranBroker Associate

631.807.2198

Kelly.Moran@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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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

36 Kay Street, #1, Newport, RI, 02840

$530,000

Kelly Moran

Broker Associate

William Raveis Real Estate

Phone: 631.807.2198

Kelly.Moran@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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $424,000 $424,000 $424,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $453 $453 $453
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,857 $2,818 $3,576
Total Monthly Payment $3,401 $3,362 $4,120

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.