14 days on rocket

7 Florence Ave, Newport, RI, 02840

$1,495,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
3,953 SqFt
$378/SqFt
House
Schools Nearby

Location

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7 Florence Ave, Newport$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1945
HeatingBaseboard, Hot Water, Oil, Radiant, Zoned
CoolingDuctless
BasementYes
WaterfrontWaterfront
FireplaceMasonry
MLS #1358707
Lot Size0.19 Acres
StatusActive

About 7 Florence Ave

Welcome to this charming colonial home located on a tree-lined residential street off of Ruggles Avenue. The main level boasts a spacious, yet manageable floorplan. A formal living room with beautiful natural light invites you either outside to a lovely private oasis or through to an updated kitchen, featuring marble countertops, newer stainless appliances, and excellent storage options. The kitchen effortlessly flows into an inviting dining room but also into a large den, complete with a working wood fireplace, butler's pantry, first floor bedroom and full bath. Up the main stairway, you will find three nice sized bedrooms that share a full bath. Ascend to the bonus semi-finished attic, offering endless possibilities such as a bunk room, office, or exercise studio. True delight awaits in the primary suite, accessed via its own private stairway. A neutral, peaceful pallet of grays and whites all freshly painted- greet you as you step into this haven of relaxation. A new custom walk-in closet with laundry adds convenience, while the ensuite bath features a tiled walk-in shower and a generous private covered deck, ideal for enjoying morning coffee. The lower level features a finished basement with a full bath plus flexible space for lounging, work or exercise. Outside, a large bluestone patio beckons for al fresco dining and leisurely gatherings. Equipped with solar panels and air conditioning, this captivating colonial is where charm meets modern luxury in perfect harmony.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1945
  • Stories: 2
  • Living Area: 3,953 SqFt

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior: Attic, Permanent Attic Stairs, Skylights, Tub Shower
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Deck, Patio

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water, Oil, Radiant, Zoned
  • Cooling: Ductless

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Frank E. Thompson Middle School, Public District Grades 5-8
  • Claiborne Pell Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $378/SqFt

Tax Information:

  • Annual Amount: $7,948
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, RI.

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Newport, RI

City

Med. Sold Price

$835K

Med. Price/SqFt

$567

Avg. Days On Market

33

# of Sold Homes

18

7 Florence Ave vs Newport

14 DAYS ON ROCKET

-19 Days

$1,495,000

+$660K More

$378/SqFt

-$189 Less

KEY TAKEAWAY

This property is $660K more than the Median Sold Price and $189/SqFt less than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1358707

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 20, 2015Home Sold
$520,000
May 17, 2011Home Sold
$400,100

Tax History

YEARPROP. TAXASSESSMENT
2021$7,948$851,900
2020$6,556$637,700
2019$6,556$637,700
2018$6,371$637,700
2017$6,186$551,800

History based on county public records data.

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$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6685175
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.86 miles

  • Public District Grades PK-4

Middle School

school-card-donut-6685176
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 1.71 miles

  • Public District Grades 5-8

High School

school-card-donut-6685177
3
/10

  • Rogers High School

  • 15 Wickham Rd

  • 0.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $93,571. The most common annual income of people living in Newport, RI is between $100k-200k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Florence Ave

What is the listing price of this property?

The listing price of 7 Florence Ave property is $1,495,000.

What type of property is this?

The property 7 Florence Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 7 Florence Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7 Florence Ave are:
Claiborne Pell Elementary School: GreatSchools Rating 4/10
Frank E. Thompson Middle School: GreatSchools Rating 3/10
Rogers High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,948 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 20, 2015 for $520,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Florence Ave has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 7 Florence Ave is 3,953 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 Florence Ave is 1945.

Rocket Homes›Rhode Island›Newport County›Newport›02840›7 Florence Ave

This home is located at 7 Florence Ave in Newport, RI and zip code 02840. This 3,953 square foot home, which was built in 1945, sits on a 0.19 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $1,495,000.

Newport, RI housing market in May 2024 saw over 7 listings sold above listed price, more than 6 sold at listed price and over 5 sold below. Between April 2024 and May 2024, Newport, RI real estate market has seen increase in the number of listings by 29.9%. Listings spent 33 days on the market in May 2024, and had a median list price of $835,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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