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128 Ruggles Avenue, Newport, RI, 02840 | $1,650,000
Welcome to 128 Ruggles Avenue, introduced to the market for the first time. This one-owner Newport home is ideally located just a stone's throw from Bellevue Avenue, The Breakers, Ocean Drive, Gooseberry Beach & so much more! Sited on a corner lot, this classic 1950 Cape Cod-style home offers endless possibilities, especially with its oversized free-standing 2-car garage that can be converted to an ADU; this delightful property has so much potential to become your Newport getaway compound. The main house is brightly lit with southern exposure, original hardwood floors, updated windows & so much charm! The first level hosts a large living room with wood fireplace & updated bay window. In addition to a formal dining room, there is a first floor bedroom & full bath with walk-in shower, ideal for anyone looking for a primary bed & bath on the main level. The second level hosts 2 large bedrooms w/ Velux skylights & a full bath. Through large glass sliders from the dining room, you open to a deck overlooking the fenced yard, an oasis of beautiful coastal plantings. There is ample parking for at least 4 cars. The x factor lies in the well-constructed outbuilding/garage that affords endless possibilities for more living space. Currently used as a spacious 2-car garage with lofted storage, imagine what can be done to convert this to an ADU in this highly sought-after location! This estate sale property is being sold as-is, ready for your stylish refresh!
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
- Rooms: 6
- Bedrooms: 3
- Baths: 2 full
- Style: Cape Cod
- Year Built: 1950
- Garage: 2-car Detached,Garage,Garage Door Opener
- Heating: Hot Water,Oil
- Cooling: None
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 1,325
- Acreage: 0.2
- Est. Taxes: $7,150
- Lot Desc: Corner Lot
- Appliances: Dishwasher,Electric Water Heater
- MLS#: 1378002
- Website: https://www.raveis.com
/eprop/1378002/128rugglesavenue_newport_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2104486
860.625.5780
Brianna.Turgeon@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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
128 Ruggles Avenue, Newport, RI, 02840
$1,650,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brianna Turgeon
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
| Monthly Tax Payment | $596 | $596 | $596 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,289 | $8,020 | $11,050 |
| Total Monthly Payment | $8,010 | $8,741 | $11,771 |
* 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