new - 7 days on rocket

1 King St, Newport, RI, 02840

$1,125,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
Multi

Location

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1 King St, Newport$1,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1900
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
BasementYes
WaterfrontWaterfront
FireplaceNone
MLS #1368577
Lot Size0.03 Acres
StatusActive

About 1 King St

Rare opportunity to own a multi-family property just steps from Bellevue Avenue and a short stroll to downtown/harbor front. Privately accessed, and recently remodeled first floor one-bedroom unit with upgraded kitchen and bathroom, including soapstone countertops, in-unit washer/dryer, and dual Liebherr refridgerators. Floors two and three combine to create a three-bedroom, one bathroom unit with potential for reconfiguration and redesign. Charming terrace with espaliers and privacy fencing provides a quiet area for reflection and relaxation. Conveniently located by the Bellevue Gardens shopping center, where you'll find a fitness studio, organic grocery store, wine shop, specialty cheese market, sushi restaurant, and more! Tennis courts, playground, and public library at the end of the street. A centrally located property, perfect for investment purposes, or multigenerational living. Two addresses: 1 King Street, and 65 Williams Street. Interior photos coming the week of Sept. 16th.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Mott & Chace Sotheby's Intl.
  • Office Phone: (401) 789-8899

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Tankless Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior: Stall Shower, Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Waterfront

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Window Unit(s)

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: $1,125,000
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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

$867K

Med. Price/SqFt

$569

Avg. Days On Market

70

# of Sold Homes

23

1 King St vs Newport

7 DAYS ON ROCKET

-63 Days

$1,125,000

+$258K More

KEY TAKEAWAY

This property is $258K more than the Median Sold Price in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1368577

Listing Office:

  • Office Name: Mott & Chace Sotheby's Intl.
  • Office Phone: (401) 789-8899

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: 9/20/2024, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$5,682

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,439

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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-176423
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.76 miles

  • Public District Grades PK-4

Middle School

school-card-donut-176424
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.63 miles

  • Public District Grades 5-8

High School

school-card-donut-176425
3
/10

  • Rogers High School

  • 15 Wickham Rd

  • 1.21 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 $71,642. The majority of Newport, RI residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newport, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Newport, RI?

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

Is Newport, RI a good place to live?

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Are things conveniently located in Newport, RI?

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

What does the transportation in Newport, RI look like?

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

Rocket Homes›Rhode Island›Newport County›Newport›02840›1 King St

This home is located at 1 King St in Newport, RI and zip code 02840. This home, which was built in 1900, sits on a 0.03 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $1,125,000.

Over 4 listings were sold over their listed price in August 2024 in Newport, RI. In the same period over 14 listings were sold below the listed price and 5 listings were sold for the listed price. The number of homes for sale in Newport, RI decreased by 11.7% between July 2024 and August 2024. The median list price of listings available in August 2024 was $867,000, while the average time on the real estate market was 70 days.

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

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