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Backup Offers

40 Catherine St, Newport, RI, 02840

$2,250,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
Multi

Location

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40 Catherine St, Newport$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingBuilt In
Attached GarageYes
Year Built1880
HeatingNatural Gas, Hot Water
CoolingNone
MLS #1364772
Lot Size0.72 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 40 Catherine St

PRIME NEWPORT OASIS. Hidden in plain sight, this 31,000+ square foot property is one of the largest residential parcels in the desirable Kay/Catherine neighborhood, right off Bellevue Avenue, and a stone's throw to the Cliff Walk, Tennis Hall of Fame, Redwood Library and Newport Harbor. The property consists of 2 buildings - 40 Catherine, a 3-bedroom/2-bath house, and 42 Catherine, a charming 2-story converted barn with 2 one-bedroom apartments. 40 Catherine features a grand living room - once the office of architect George Champlin Mason with wood-burning fireplace and tall Palladian arched windows. A great outdoor deck and wonderful yard offer seamless indoor-outdoor living with room for entertaining al fresco. A private bedroom suite is on its own floor upstairs, while the main floor includes a large open kitchen/dining, separate dining/study, bathroom and the second and third bedrooms. A first floor garage offers an additional 1500+ sf of storage space or potential additional living area. 42 Catherine offers all the charm of an historic barn conversion with potential for family compound, rental income and/or guest accommodation. The first floor is just one step up, spanning over 1300 sf, with a huge great room, Dutch door, charming patio, wood-burning fireplace, open kitchen, laundry, bathroom, and first floor bedroom. The second floor is an additional one-bedroom apartment, rented to a long-term tenant through April 2025. Sublime!

Property Details

Property Features

Property Information:

  • Year Built: 1880

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: No
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Built In

Lot Features

Lot Information:

  • Lot Size: 0.72 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000
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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

40 Catherine St vs Newport

97 DAYS ON ROCKET

+57 Days

$2,250,000

+$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: #1364772

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: 11/10/2024, 4:20:48 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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Payment Calculator

$11.2K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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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-834333
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.35 miles

  • Public District Grades PK-4

school-card-donut-834334
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.47 miles

  • Public District Grades 4-4

school-card-donut-834335
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.98 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 $75,493. The most common annual income of people living in Newport, RI is between $35k-100k. Typical family type 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.

Types of housing 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.

What is it like to live in Newport, RI?

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.

Is it easy to get around Newport, RI without a car?

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.

Transportation in Newport, RI.

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›40 Catherine St

This home is located at 40 Catherine St in Newport, RI and zip code 02840. This home, which was built in 1880, sits on a 0.72 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $2,250,000.

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. In October 2024 in Newport, RI there were 1% more homes for sale than in September 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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