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Presented by
Matt Hayward |
112 A&B Harrison Avenue, Newport, RI, 02840 | $3,100,000
Situated in the sought-after Beacon Hill/Ocean Drive Neighborhood and within 5 minutes proximity to the New York Yacht Club, Ida Lewis Yacht Club, and King Park, this beautiful two-family duplex is located in an idyllic prime location rarely available. Being only a short distance from the yacht clubs, beaches, and the vibrant downtown area with famous restaurants and shops make it a perfect fit for those who enjoy being surrounded by natural beauty and have the convenience of quick access to yachting, beaches, and downtown.
A true gem, boasting 6 bedrooms with 6 ensuite bathrooms in total. The units are very spacious, offering just under 2000 sq. ft. per unit with 3 bedrooms and 3 ensuite bathrooms each. One unit has been stunningly renovated, while the other has been freshly painted and retains its charming appeal. Vaulted ceilings, first-floor bedrooms, central air conditioning, & private garages are just a few of the special qualities each of the units offer. Beautifully designed, the property is set on a lovely landscaped corner lot spanning over 20, 000 sq. ft. with various comfortable lounging areas.
This legal multifamily property also offers the potential to be transformed into a stunning single-family home or take the option to record the fully completed legal documents for a 2 UNIT CONDO CONVERSION which further enhances its appeal.
Features
- Amenities: Golf,Marina,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 12
- Bedrooms: 6
- Baths: 6 full
- Units: 2
- Laundry: In Unit
- Year Built: 1989
- Garage: 2-car Attached,Built In,Garage,Garage Door Opener
- Heating: Forced Air,Gas
- Cooling: Central Air
- Basement: None
- Acreage: 0.46
- Est. Taxes: $13,993
- Lot Desc: Corner Lot
- Appliances: Dryer,Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1378934
- Website: https://www.raveis.com
/prop/1378934/112aandbharrisonavenue_newport_ri?source=qrflyer
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.
Matt HaywardSales Associate
Matt.Hayward@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Bob FlynnVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 6314
508.944.8218
Bob.Flynn@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
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@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
112 A&B Harrison Avenue, Newport, RI, 02840
$3,100,000
Matt Hayward
Sales Associate
William Raveis Real Estate
Phone: 781.235.5000
Matt.Hayward@raveis.com
Bob Flynn
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.944.8218
Bob.Flynn@raveis.com
NMLS Mortgage Loan Originator ID 6314
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.500% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.663% | 6.613% | 6.435% |
| Monthly Tax Payment | $1,166 | $1,166 | $1,166 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,276 | $15,675 | $21,264 |
| Total Monthly Payment | $15,567 | $16,966 | $22,555 |
* 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