new - 4 days on rocket

18 Sheffield Ave, Newport, RI, 02840

$2,100,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 2 Partial
5,975 SqFt
$351/SqFt
House

Location

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18 Sheffield Ave, Newport$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNo Garage
Year Built1948
HeatingHot Water, Oil
CoolingCentral Air
BasementYes
FireplaceMarble
MLS #1372528
Lot Size0.30 Acres
StatusActive

About 18 Sheffield Ave

Stunning mixed-use property offering the best of both worlds - a spacious 5-bedroom, 2.5-bathroom residential unit coupled with a generous 2,625 sq ft of commercial space on the first floor. This 5,975 SqFt building is perfect for a live-work scenario or an investment opportunity. The airy, high-ceiling residential unit showcases exquisite wide oak flooring and ornate architectural details throughout, bathed in abundant natural light. Generously-sized rooms feature spacious closets and elegant built-ins, while the sophisticated dry bar and marble fireplace adds entertainment appeal. Meticulously preserved details blend seamlessly with modern amenities, including in-unit laundry and convenient elevator access. The large dry basement provides additional storage space. Outdoors, a bamboo-lined yard creates a serene, private oasis. The commercial component on the first floor offers versatile square footage, ideal for a variety of business ventures. With ample parking available, this property truly has it all - the comforts of home combined with profitable commercial potential. Don't miss your chance to make this one-of-a-kind mixed-use gem your next live-work or investment opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1948
  • Stories: 3
  • Living Area: 5,975 SqFt

Listing Office:

  • Office Name: Kirby & Kirby
  • Office Phone: (401) 324-0048

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Attic, Wet Bar, Bathtub, Stall Shower, Elevator
  • Fireplace: Marble

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Oil
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $351/SqFt
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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

18 Sheffield Ave vs Newport

4 DAYS ON ROCKET

-36 Days

$2,100,000

+$1.2M More

$351/SqFt

-$237 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $237/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: #1372528

Listing Office:

  • Office Name: Kirby & Kirby
  • Office Phone: (401) 324-0048

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, 12:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 15, 2021Home Sold
$1,075,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - $569,900
2020 - $538,300
2019 - $538,300
2018 - $538,300
2017 - $493,900

History based on county public records data.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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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-487487
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.53 miles

  • Public District Grades PK-4

school-card-donut-487488
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.00 miles

  • Public District Grades 4-4

school-card-donut-487489
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.58 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 $51,095. Most Newport, RI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have high school diploma 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 18 Sheffield Ave

What is the listing price of this property?

The listing price of 18 Sheffield Ave property is $2,100,000.

What type of property is this?

The property 18 Sheffield Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 18 Sheffield Ave is For Sale (Active/New) which means the seller is accepting offers.

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

The last sale was on June 15, 2021 for $1,075,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 18 Sheffield Ave has 5 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 18 Sheffield Ave is 5,975 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 18 Sheffield Ave is 1948.

Rocket Homes›Rhode Island›Newport County›Newport›02840›18 Sheffield Ave

This home is located at 18 Sheffield Ave in Newport, RI and zip code 02840. This 5,975 square foot home, which was built in 1948, sits on a 0.30 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $2,100,000.

Newport, RI housing market in October 2024 saw over 6 listings sold above listed price, more than 7 sold at listed price and over 10 sold below. The number of homes for sale in Newport, RI increased by 1% between September 2024 and October 2024. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $896,500.

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

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