4 months on rocket

78 Rhode Island Ave Unit 4, Newport, RI, 02840

$1,875,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,806 SqFt
$1,038/SqFt
Condo

Location

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78 Rhode Island Ave Unit 4, Newport$1,875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingNo Garage, Unassigned
Year Built1900
HeatingCentral, Forced Air, Natural Gas, Zoned
CoolingCentral Air
BasementYes
WaterfrontWaterfront
FireplaceGas, Masonry, Stone
MLS #1365087
Lot Size0.86 Acres
StatusActive

About 78 Rhode Island Ave Unit 4

Experience the allure of this sophisticated one-level condo in the historic Eastbourne Lodge, nestled in the coveted Kay/Catherine neighborhood. This sunlit southwest corner unit features a remarkably private 400+ sq ft terrace, ideal for al fresco dining, entertaining, or merely relaxing. The open-concept kitchen and great room are highlighted by a gas fireplace and custom built-in cabinetry. The kitchen boasts bar stool seating, a gas cooktop, quartz countertops and backsplash, and a drinks refrigerator. Two spacious bedrooms, one with a gas fireplace, offer fabulous walk-in closets and luxurious bathrooms, allowing either to serve as the primary suite. An office area off one bedroom can double as an additional sleeping space. Elegance is evident throughout, with a gracious entry foyer, beautiful hardwood floors, high ceilings, classic wainscoting, crown molding, and a half bath with tasteful wallpaper. Accessible via a grand staircase or elevator, this second-floor condo also includes a large common rooftop deck with views of Newport. Conveniently located within walking distance to Easton's Beach, Bellevue Avenue, and downtown Newport, it also features a spacious private storage room in the basement. Although the building exudes historic charm, it was only converted into condos in 2017 hence systems are only 7 years old. This residence offers the perfect blend of historic charm and modern convenience.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 3
  • Living Area: 1,806 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Marble
  • Interior: Cathedral Ceiling(s), Stall Shower, Tub Shower, Elevator, Cable TV
  • Fireplace: Gas, Masonry, Stone

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Deck

Parking Information:

  • Parking: No Garage, Unassigned

Lot Features

Lot Information:

  • Lot Size: 0.86 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,875,000
  • Price Per SqFt: $1,038/SqFt

HOA Fees:

  • Amount: $2110
  • Frequency: Quarterly
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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

$898K

Med. Price/SqFt

$592

Avg. Days On Market

33

# of Sold Homes

16

78 Rhode Island Ave Unit 4 vs Newport

134 DAYS ON ROCKET

+101 Days

$1,875,000

+$977K More

$1,038/SqFt

+$446 More

KEY TAKEAWAY

This property is $977K more than the Median Sold Price and $446/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: #1365087

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: 12/22/2024, 1:20:52 AM 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

$10.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,688

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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-839828
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.06 miles

  • Public District Grades PK-4

school-card-donut-839829
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.18 miles

  • Public District Grades 4-4

school-card-donut-839830
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 4.00 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. 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.

What are the common housing types 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 are the advantages of living 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.

Are essential services in Newport, RI convenient?

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.

How do Newport, RI residents get around?

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 78 Rhode Island Ave Unit 4

What is the listing price of this property?

The listing price of 78 Rhode Island Ave Unit 4 property is $1,875,000.

What type of property is this?

The property 78 Rhode Island Ave Unit 4 is a condo located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 78 Rhode Island Ave Unit 4 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 78 Rhode Island Ave Unit 4 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 78 Rhode Island Ave Unit 4 is 1,806 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 78 Rhode Island Ave Unit 4 is 1900.

Rocket Homes›Rhode Island›Newport County›Newport›02840›78 Rhode Island Ave Unit 4

This home is located at 78 Rhode Island Ave Unit 4 in Newport, RI and zip code 02840. This 1,806 square foot home, which was built in 1900, sits on a 0.86 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 10, 2024 and is currently priced at $1,875,000.

In November 2024, from all listings sold in Newport, RI there were more than 6 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price. The number of listings in Newport, RI decreased by 4.3% between October 2024 and November 2024. Listings spent 33 days on the market in November 2024, and had a median list price of $898,000 during the same period.

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

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