|
15 Sheffield Avenue, Newport, RI, 02840 | $995,000
Fully renovated up/down duplex that offers desired modern living as well as investment potential! This 1, 400 square foot gem is perfectly designed for those looking to own a property that provides income opportunities. The first-floor unit has a private from porch entry and features two bedrooms, a contemporary bathroom, and an eat-in-kitchen that is both functional and stylish with direct backyard access through the south facing glass doors. Enjoy the convenience of in-unit laundry, ensuring comfort and ease in everyday living. Ascend to the second-floor unit, where you'll discover a charming one-bedroom space filled with natural light, thanks to its vaulted ceilings, exposed beams, and skylights. The large kitchen island is perfect for culinary creativity or casual dining, and the unit also boasts its own in-unit laundry facilities. Both units have trendy espresso-stained hardwood flooring elevating the living space against the crisp white paint and stone counter tops. Complete with new windows, new mechanics, new electrical, new plumbing, and central AC, gas heat and a new roof, this is truly a turn-key home. Situated on a 4, 000-square-foot lot, this property offers a generous backyard, perfect for outdoor gatherings or relaxation. Whether you choose to live in one unit and rent the other, or lease both for maximum income, this property is a versatile asset in Newport close to town and the Navy Base.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
- Rooms: 8
- Bedrooms: 3
- Baths: 2 full
- Units: 2
- Laundry: In Unit
- Year Built: 1910
- Garage: No Garage
- Heating: Forced Air,Gas
- Cooling: Central Air
- Basement: Interior Entry,Partial,Unfinished
- Acreage: 0.09
- Est. Taxes: $4,776
- Appliances: Dryer,Dishwasher,Exhaust Fan,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Washer
- MLS#: 1381354
- Website: https://www.raveis.com
/prop/1381354/15sheffieldavenue_newport_ri?source=qrflyer
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
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.
Customer Service
888.699.8876
Contact@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.
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
15 Sheffield Avenue, Newport, RI, 02840
$995,000
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 | $796,000 | $796,000 | $796,000 |
| 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 | $398 | $398 | $398 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,582 | $5,031 | $6,825 |
| Total Monthly Payment | $5,072 | $5,521 | $7,315 |
* 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