2 months on rocket

130 Spring St, Newport, RI, 02840

$2,200,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
5 Full Baths
Multi

Location

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130 Spring St, Newport$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1849
HeatingCentral, Electric, Forced Air, Natural Gas, Other, Space Heater(s), Zoned
CoolingNone, Wall Unit(s), Central Air
FireplaceNone
MLS #1366507
Lot Size0.17 Acres
StatusActive

About 130 Spring St

130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

Property Details

Property Features

Property Information:

  • Year Built: 1849

Listing Office:

  • Office Name: Teri Degnan RE & Consulting
  • Office Phone: (401) 619-8222

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Bathtub, Stall Shower, Tub Shower, Furnished
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Forced Air, Natural Gas, Other, Space Heater(s), Zoned
  • Cooling: None, Wall Unit(s), Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
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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

$896.5K

Med. Price/SqFt

$587

Avg. Days On Market

40

# of Sold Homes

23

130 Spring St vs Newport

66 DAYS ON ROCKET

+26 Days

$2,200,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M 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: #1366507

Listing Office:

  • Office Name: Teri Degnan RE & Consulting
  • Office Phone: (401) 619-8222

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: 11/17/2024, 3:20:49 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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$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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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-530703
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.48 miles

  • Public District Grades PK-4

school-card-donut-530704
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.76 miles

  • Public District Grades 4-4

school-card-donut-530705
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.61 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,111. Most Newport, RI residents have annual incomes between $35k-100k. Most families are 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›130 Spring St

This home is located at 130 Spring St in Newport, RI and zip code 02840. This home, which was built in 1849, sits on a 0.17 acre lot. Features: 9 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $2,200,000.

In October 2024, from all listings sold in Newport, RI there were more than 6 sold above asking price, over 10 sold below and more than 7 were sold right at the asked price. The number of listings in Newport, RI increased by 1% between September 2024 and October 2024. In October 2024 median list price was $896,500 and the average listing age was 40 days.

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

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