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Available July 1st. Sunny and spacious Newport cottage near downtown with 5 bedrooms and a bonus room that can serve as a 6th bedroom, a rare find for the area. Located right off Broadway, this home offers the best of convenience with dedicated off-street parking. The exterior was recently renovated, featuring brand-new navy shingles, crisp white trim, and a new front porch. Updates in August 2022 include a new roof, gutters, windows, ceiling fans, A/C units, refinished hardwood floors, fresh paint, and updated lighting. The home offers an open, inviting layout. The first floor boasts a sun-drenched living room, a large dining area, and a open kitchen, perfect for entertaining, with stainless steel appliances, a pantry, and a coffee bar, plus a powder room. On the second level are 4 spacious bedrooms and a full bath. The 3rd level contains the 5th bedroom, a full bath with a marble shower, and a bonus room currently used as a yoga/workout space that can easily be converted into a sixth bedroom or office. The home also has a patio space for outdoor dining. Located in a quiet neighborhood, it's walking distance to many of Newport's top attractions, including Broadway's innovation hub, eateries, historical downtown, and beaches. It's just 1. 5 miles from the Naval War College and minutes from Newport Harbor, the Wharf, Bellevue Av. mansions, Cliff Walk, and Easton's Beach. Tenant pays utilities and internet. Small dogs with approval. No smoking. Unfurnished.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,800
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,840 | $3,840 | $3,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $24 | $26 | $33 |
Total Monthly Payment | $99 | $101 | $108 |
* 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.