new - 1 day on rocket

8 Caswell Ave, Newport, RI, 02840

$1,600,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths
Multi

Location

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8 Caswell Ave, Newport$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1960
HeatingBaseboard, Central, Hot Water, Oil
CoolingNone
BasementYes
WaterfrontWaterfront
FireplaceNone
MLS #1373298
Lot Size0.34 Acres
StatusActive

About 8 Caswell Ave

Extensively renovated fourplex with lead free certificates. This is a truly turn-key property. New kitchens with stainless steel appliances and quartz counters, new tiled bathrooms with new fixtures, new hardwood floors, freshly painted interior, new exterior and interior doors, and a new roof. Separate utilities with deduct meters for water. Off-street parking can accommodate 8 cars and the spacious 14,672 sq ft. lot has potential for adding garages. Located on a quiet cul-de-sac which abuts Vernon playground/park providing easy access to pickleball courts, a baseball diamond and a new playground, Caswell Ave is within walking distance to Easton's Beach, The Cliff Walk and Broadway's restaurants. Ideal for both investors and owner occupants. Condominium and engineering documents are in place for future condominium marketing. Vacant and easy to show on short notice.

Property Details

Property Features

Property Information:

  • Year Built: 1960

Listing Office:

  • Office Name: Hogan Associates Christie's
  • Office Phone: (401) 862-9962

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Laminate, Other
  • Interior: Attic, Tub Shower, Cable TV
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Patio, Paved Driveway

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot: Cul-De-Sac
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Central, Hot Water, Oil
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000

Tax Information:

  • Annual Amount: $4,764
  • 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

8 Caswell Ave vs Newport

1 DAY ON ROCKET

-39 Days

$1,600,000

+$703.5K More

KEY TAKEAWAY

This property is $703.5K 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: #1373298

Listing Office:

  • Office Name: Hogan Associates Christie's
  • Office Phone: (401) 862-9962

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: 11/21/2024, 3:20:48 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

Jul 31, 2000Home Sold
$240,000
Jan 12, 1996Home Sold
$172,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,764$510,600
2020$4,557$443,300
2019$6,836$443,300
2018$6,641$443,300
2017$6,435$413,800

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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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-164002
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.58 miles

  • Public District Grades PK-4

school-card-donut-164003
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 1.63 miles

  • Public District Grades 4-4

school-card-donut-164004
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 4.16 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 $75,000. The most common annual income of people living in Newport, RI is between $35k-100k. The majority of 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.

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.

Rocket Homes›Rhode Island›Newport County›Newport›02840›8 Caswell Ave

This home is located at 8 Caswell Ave in Newport, RI and zip code 02840. This home, which was built in 1960, sits on a 0.34 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,600,000.

In October 2024 more than 6 listings in Newport, RI were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 10 were sold below. The inventory of homes for sale in Newport, RI between September 2024 and October 2024 increased by 1%. 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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