2 months on rocket

494 Thames St, Newport, RI, 02840

$899,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,072 SqFt
$839/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

494 Thames St, Newport$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingNo Garage
Year Built1930
HeatingBaseboard, Natural Gas, Hot Water, Zoned
CoolingWindow Unit(s)
BasementYes
WaterfrontWaterfront
FireplaceNone
ViewWater
MLS #1368786
Lot Size0.02 Acres
StatusActive

About 494 Thames St

Recently reduced price! Rare opportunity to own a unique single-family home in the heart of Newport and within the Limited Business zone. Located right on Thames Street and across from Waites Wharf, enjoy the luxury of walking out your front doorstep and being surrounded by popular restaurants, shops, nightlife, and the Newport waterfront. This solid, masonry-built home, provides three levels of living and a third-floor balcony with views of the Newport harbor, or great visibility up and down all the action on lower Thames. The interior offers two recently renovated full baths, Anderson windows throughout, a full basement, modern kitchen that opens up to a secluded stone courtyard through french doors, and recently installed hardwood floors on the third floor. This is a great opportunity to own one of only a few single-family homes on Thames Street, and enjoy this prime in-town location!

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 1930
  • Stories: 3
  • Living Area: 1,072 SqFt

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Stall Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water, Zoned
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $839/SqFt

Tax Information:

  • Annual Amount: $4,675
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Newport, RI.

Map thumbnail provided by MapBox

Newport, RI

City

Med. Sold Price

$896.5K

Med. Price/SqFt

$587

Avg. Days On Market

40

# of Sold Homes

23

494 Thames St vs Newport

66 DAYS ON ROCKET

+26 Days

$899,000

+$2.5K More

$839/SqFt

+$251 More

KEY TAKEAWAY

This property is $2.5K more than the Median Sold Price and $251/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: #1368786

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

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: 11/23/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2019Home Sold
$529,000
Oct 26, 2016Home Sold
$440,000
Mar 30, 2010Home Sold
$275,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,675$501,100
2020$2,773$269,700
2019$2,773$269,700
2018$2,694$269,700
2017$2,805$250,200

History based on county public records data.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-844590
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.06 miles

  • Public District Grades PK-4

school-card-donut-844591
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 3.27 miles

  • Public District Grades 4-4

school-card-donut-844592
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.73 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 $73,902. The most common annual income of people living in Newport, RI is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

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 494 Thames St

What is the listing price of this property?

The listing price of 494 Thames St property is $899,000.

What type of property is this?

The property 494 Thames St is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 494 Thames St 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 $4,675 (source: MLS/based on county public records data).

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

The last sale was on January 15, 2019 for $529,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 494 Thames St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 494 Thames St is 1,072 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 494 Thames St is 1930.

Rocket Homes›Rhode Island›Newport County›Newport›02840›494 Thames St

This home is located at 494 Thames St in Newport, RI and zip code 02840. This 1,072 square foot home, which was built in 1930, sits on a 0.02 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $899,000.

While more than 6 listings in Newport, RI in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 10 were sold below. The inventory of homes for sale in Newport, RI between September 2024 and October 2024 increased 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.

More Resources