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112 Harrison Avenue, Newport, RI, 02840 | $2,975,000
A rare find located in the sought-after Beacon Hill/Harrison Ave Neighborhood within a few minutes easy stroll to the New York Yacht Club, Ida Lewis Yacht Club, and to King Park on the shimmering harbor front where you can launch your kayak and explore the harbor. This beautiful shingle-style home is sited on just under a half-acre corner lot & is within minutes to lovely beaches & to the vibrant downtown area known for its famous restaurants and shops. Currently configured as a 2-unit side-by-side duplex, this legal multi-family offers a total of 6 bedrooms, 6 ensuite baths and a total living square footage of 3, 900 square feet. EACH unit is just under 2, 000 square feet offering a bright open floor plan with 3 bedrooms, 3 ensuite baths, a first-floor bedroom, fireplace, vaulted ceiling, 2 patios for outdoor entertaining & an attached private garage. Consider the various opportunities this property presents, a perfect single family conversion, second home or investment opportunity. The owner's unit is stunningly & completely renovated, while the other is freshly painted and waiting your further vision. Create a family compound in which the second unit is perfect as an in-law residence, or a guest house for family or friends. Alternatively, keep as a 2-unit lucrative rental investment property. Offering another option, all legal approvals have been obtained for a 2-unit condo conversion. Come explore the endless possibilities this property holds in the famous City by the Sea.
Features
- Amenities: Golf,Marina,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 12
- Bedrooms: 6
- Baths: 6 full
- Year Built: 1989
- Garage: 2-car Attached,Built In,Garage,Garage Door Opener
- Heating: Forced Air,Gas
- Cooling: Central Air
- Basement: None
- Approx Sq. Feet: 3,902
- Acreage: 0.46
- Est. Taxes: $13,993
- Lot Desc: Corner Lot
- Appliances: Dryer,Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1382577
- Website: https://www.raveis.com
/eprop/1382577/112harrisonavenue_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
- 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 Harrison Avenue, Newport, RI, 02840
$2,975,000
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 | $2,380,000 | $2,380,000 | $2,380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
| Monthly Tax Payment | $1,166 | $1,166 | $1,166 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,701 | $15,239 | $20,245 |
| Total Monthly Payment | $14,992 | $16,530 | $21,536 |
* 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