new - 3 days on rocket

42 Kay St Unit 1, Newport, RI, 02840

$550,000

Home List Price

$6,531*

Closing Credit

1 Bedroom
1 Full Bath
921 SqFt
$597/SqFt
Condo

Location

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42 Kay St Unit 1, Newport$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, No Garage
Year Built1900
HeatingNatural Gas, Hot Water
CoolingNone
BasementYes
FireplaceInsert, Gas, Masonry
MLS #1372788
StatusActive

About 42 Kay St Unit 1

Updated first-floor, one-bedroom condo in an unbeatable Newport location, just steps from iconic Bellevue Avenue and the vibrant Broadway district. This single-level unit showcases original hardwood floors, high decorative ceilings, and period details like intricate moldings and elegant fireplace mantles. The layout includes a spacious living room, a generously sized bedroom, a bright sunroom, a renovated bathroom, a galley kitchen, and dedicated off-street parking. Enjoy three separate entrances, new kitchen appliances, and a cozy gas fireplace insert are all added benefits. This property offers the perfect Newport retreat, ideal for year-round living or as a charming summer pied- -terre. Take advantage of the prime location, close to popular restaurants, shops, and just a short bike ride to the beach. A common patio and small lawn provide welcoming outdoor space to relax with friends and family. Low HOA fees cover sewer, water, landscaping, and professional management. Plus, the pet-friendly association welcomes your four-legged friend. Don't miss this incredible opportunity to own in a highly sought-after neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 921 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Fireplace: Insert, Gas, Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Assigned, No Garage

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $597/SqFt

HOA Fees:

  • Amount: $347
  • Frequency: Monthly
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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

42 Kay St Unit 1 vs Newport

3 DAYS ON ROCKET

-37 Days

$550,000

-$346.5K Less

$597/SqFt

+$9 More

KEY TAKEAWAY

This property is $346.5K less than the Median Sold Price and $9/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: #1372788

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: 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

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

Payment Calculator

$3,160

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-330170
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.19 miles

  • Public District Grades PK-4

school-card-donut-330171
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.40 miles

  • Public District Grades 4-4

school-card-donut-330172
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.82 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. The most common annual income of people living in Newport, RI is between $35k-100k. Residents typically live in single, no kids family. 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 42 Kay St Unit 1

What is the listing price of this property?

The listing price of 42 Kay St Unit 1 property is $550,000.

What type of property is this?

The property 42 Kay St Unit 1 is a condo located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 42 Kay St Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 42 Kay St Unit 1 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 42 Kay St Unit 1 is 921 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 42 Kay St Unit 1 is 1900.

Rocket Homes›Rhode Island›Newport County›Newport›02840›42 Kay St Unit 1

This home is located at 42 Kay St Unit 1 in Newport, RI and zip code 02840. This 921 square foot home was built in 1900. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $550,000.

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 inventory of homes for sale in Newport, RI between September 2024 and October 2024 increased by 1%. 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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