13 days on rocket

Backup Offers

12 Elm St Unit 1, Newport, RI, 02840

$1,275,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,865 SqFt
$684/SqFt
Condo

Location

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12 Elm St Unit 1, Newport$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, No Garage
Year Built1891
HeatingForced Air, Natural Gas, Other
CoolingCentral Air
BasementYes
FireplaceGas
MLS #1374048
StatusAccepting Backup Offers
(Active Under Contract)

About 12 Elm St Unit 1

Step into luxury at Unit 1 of Potter School Condominiums, located in the charming and historic Point section of Newport. This exceptional first-floor, single-level residence, once the school's auditorium, boasts its own private and dramatic entrance. Inside, an original archway with soaring 15-foot ceilings elegantly divides the living and dining areas. The largest of seven luxury units, it features central air, gas heat, and two dedicated parking spaces, with additional parking for guests. Basement storage is conveniently accessible via an elevator. The primary and guest bedrooms have been upgraded with new textured wool carpets and offer ample closet space. Each ensuite bath is outfitted with quartz vanities and marble tile flooring, adding to the home's luxurious feel. The kitchen has been beautifully updated with durable quartzite countertops and a white ceramic tile backsplash, perfect for cooking and entertaining. Additional highlights include a gas fireplace, an office nook, a half bath, and access to a shared patio area. Located just a short walk from Washington Square Park, Long Wharf Mall, Brick Market, and Elm Street Pier, this home seamlessly blends historic charm with modern sophistication in one of Newport's most desirable areas. Don't miss the opportunity to own this unique residence!

Property Details

Property Features

Property Information:

  • Year Built: 1891
  • Stories: 1
  • Living Area: 1,865 SqFt

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (401) 848-7827

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Carpet
  • Interior: Bathtub, Stall Shower, Elevator, Cable TV
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Parking: Assigned, No Garage

Virtual/3D Tour

  • Virtual Tour: 12 Elm St Unit 1
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Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Other
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000
  • Price Per SqFt: $684/SqFt

HOA Fees:

  • Amount: $685
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$898K

Med. Price/SqFt

$592

Avg. Days On Market

33

# of Sold Homes

16

12 Elm St Unit 1 vs Newport

13 DAYS ON ROCKET

-20 Days

$1,275,000

+$377K More

$684/SqFt

+$92 More

KEY TAKEAWAY

This property is $377K more than the Median Sold Price and $92/SqFt more than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1374048

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (401) 848-7827

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: 12/18/2024, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,116

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

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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.

Nearby Schools

school-card-donut-4429080
4
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.24 miles

  • Public District Grades PK-4

school-card-donut-4429081
5
/10
  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.64 miles

  • Public District Grades 4-4

school-card-donut-4429082
7
/10
  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.33 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,449. The majority of Newport, RI residents have income between $35k-100k annually. The most common type of family is single, no kids. Most 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.

Frequently Asked Questions About 12 Elm St Unit 1

What is the listing price of this property?

The listing price of 12 Elm St Unit 1 property is $1,275,000.

What type of property is this?

The property 12 Elm St Unit 1 is a condo located in Newport, Rhode Island, 02840.

Is this property for sale now?

Accepting Backup Offers: 12 Elm St Unit 1 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 12 Elm St Unit 1 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 12 Elm St Unit 1 is 1,865 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12 Elm St Unit 1 is 1891.

Rocket Homes›Rhode Island›Newport County›Newport›02840›12 Elm St Unit 1

This home is located at 12 Elm St Unit 1 in Newport, RI and zip code 02840. This 1,865 square foot home was built in 1891. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $1,275,000.

Newport, RI housing market in November 2024 saw over 6 listings sold above listed price, more than 4 sold at listed price and over 6 sold below. The number of listings in Newport, RI decreased by 4.3% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $898,000.

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

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