8 days on rocket

40 Red Cross Ave, Newport, RI, 02840

$1,995,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 2 Partial
3,444 SqFt
$579/SqFt
House

Location

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40 Red Cross Ave, Newport$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage, Garage Door Opener
Attached GarageYes
Year Built1953
HeatingForced Air, Natural Gas, Other, Zoned
CoolingNone
BasementYes
WaterfrontWaterfront
FireplaceGas, Masonry, Tile
MLS #1372671
Lot Size0.46 Acres
StatusActive

About 40 Red Cross Ave

Location, Location, Location! This Custom-Built Coastal Cape Cod is located on a beautiful 20,000sq.ft. lot defined by a stone wall, mature plantings, circular drive and ample parking. Hardwood floors throughout, 1st floor Primary Suite with two individual walk-in closets, two private bathrooms, and WFH office. Two additional bedrooms with full bath, spacious living room with wood burning fireplace, formal dining room, wood paneled family room off the kitchen with custom designed wood burning fireplace surrounded by handcrafted tiles and custom cabinetry. The sun filled kitchen has large bay windows overlooking the deck and backyard, custom oak cabinets with designer hardware, floor to ceiling open pantry, charcoal granite countertops, stainless appliances, and breakfast area with French doors to deck & backyard. 2nd floor has a cozy bedroom en suite bath with sitting area/WFH office, ADA accessible 21x26 great room with gas fireplace, half bath, office or potential 5th bedroom. This charming house has several ADA features; stair chair to second floor great room, flat thresholds throughout the 1st floor & a wheelchair lift in the garage. Plus two car garage, storage/wood shed, Generac Generator, city water & natural gas - R20 zone. Enjoy the convenience of living centrally located to the local restaurants, shopping, the Tennis Hall of Fame, the beaches, Cliff Walk, Newport Harbor and Newport Mansions. Fantastic residence or rendezvous destination. Don't miss out on this gem!

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1953
  • Stories: 2
  • Living Area: 3,444 SqFt

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Attic, Bathtub, Cedar Closet(s), Cathedral Ceiling(s), Dry Bar, Stall Shower, Tub Shower, Cable TV
  • Fireplace: Gas, Masonry, Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Deck, Paved Driveway

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Other, Zoned
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $579/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $9,948
  • Tax Year: 2021
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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 Red Cross Ave vs Newport

8 DAYS ON ROCKET

-32 Days

$1,995,000

+$1.0M More

$579/SqFt

-$9 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $9/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: #1372671

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

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

Tax History

YEARPROP. TAXASSESSMENT
2021$9,948$1,066,200
2020$9,825$955,700
2019$9,825$955,700
2018$9,547$955,700
2017$9,087$810,600

History based on county public records data.

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$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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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-331481
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.67 miles

  • Public District Grades PK-4

school-card-donut-331482
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.70 miles

  • Public District Grades 4-4

school-card-donut-331483
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 4.17 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 $58,333. Most Newport, RI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically 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.

Frequently Asked Questions About 40 Red Cross Ave

What is the listing price of this property?

The listing price of 40 Red Cross Ave property is $1,995,000.

What type of property is this?

The property 40 Red Cross Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 40 Red Cross Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,948 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 40 Red Cross Ave has 4 bedrooms and 4 full and 2 half bathrooms.

What is the square footage of this property?

The property 40 Red Cross Ave is 3,444 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Red Cross Ave is 1953.

Rocket Homes›Rhode Island›Newport County›Newport›02840›40 Red Cross Ave

This home is located at 40 Red Cross Ave in Newport, RI and zip code 02840. This 3,444 square foot home, which was built in 1953, sits on a 0.46 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $1,995,000.

Over 6 listings were sold over their listed price in October 2024 in Newport, RI. In the same period over 10 listings were sold below the listed price and 7 listings were sold for the listed price. Between September 2024 and October 2024, Newport, RI real estate market has seen increase in the number of listings by 1%. While the average time on the market in October 2024 was 40 days, the median list price was $896,500.

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

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