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1 Oakwood Terrace, #9, Newport, RI, 02840 | $950,000
Exceptional opportunity to own a beautiful 2 bedroom, 2 bath penthouse in an elegant National Historic Building. Welcome to the majestic Whitestone Estate, designed by the renowned architects McKim, Mead and White. This penthouse is private and peaceful with a south facing covered balcony from which to relax and enjoy serene views and evening sea breezes. Nestled in a premium south after location, it is within an easy stroll to Cliff Walk, First Beach, Bellevue Avenue, Tennis Hall of Fame & a few minutes' walk to Bannister's and Bowen's Wharf in the heart of Downtown, home to Newport's best restaurants and shops on famed America's Cup Avenue. Showcasing its historic period charm & classic architecture the unit has high ceilings, built-in bookcases, and detailed moldings. The kitchen with cherry cabinets adjoins the fireplaced dining & living room where stately French doors open to the charming balcony overlooking the expansive backyard where lush garden seating and grill area is perfect to enjoy al fresco entertaining with friends and family on warm summer days. The primary bedroom has an ensuite bath while the second bedroom currently serves as a family room and home office. In addition to in-unit laundry & private attic for ample storage, there is additional basement storage & outdoor shed. One assigned parking space, guest parking & professionally managed. An ideal primary or second home by the sea in Newport, known to many as the Sailing Capital of the World. Outstanding!
Features
- Parking: 2-car
- Heating: Gas,Hot Water,Individual
- Cooling: Window Unit(s)
- Amenities: Garden Area,StorageGolf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Laundry: In Unit
- Complex: Old Beach Road
- Year Built: 1900
- Common Charge: $1,019 Monthly
- Approx Sq. Feet: 1,480
- Acreage: 0.71
- Est. Taxes: $6,804
- Lot Desc: Corner Lot
- Pets Allowed: Yes
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
- MLS#: 1379573
- Website: https://www.raveis.com
/prop/1379573/1oakwoodterrace_newport_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.
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
- 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
1 Oakwood Terrace, #9, Newport, RI, 02840
$950,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
| Monthly Tax Payment | $567 | $567 | $567 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,435 | $4,866 | $6,516 |
| Total Monthly Payment | $5,094 | $5,525 | $7,175 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB