24 days on rocket

8 Cottage St Unit 1, Newport, RI, 02840

$549,000

Home List Price

$6,519*

Closing Credit

1 Bedroom
1 Full Bath
780 SqFt
$704/SqFt
Condo

Location

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8 Cottage St Unit 1, Newport$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, No Garage
Year Built1850
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
FireplaceGas, Masonry
MLS #1370910
StatusActive

About 8 Cottage St Unit 1

Behind the Redwood Library, located in the Historic Hill area of Newport is this charming one bedroom, one bath condo. This unit offers brand new gleaming flooring throughout, galley kitchen, spacious dining area ,washer/dryer, one off street parking spot and basement storage. The living room has the most gorgeous NEW windows with architectural detail and a gas fireplace. As a bonus you can enjoy your morning coffee on the front porch! One block from Bellevue Avenue in the desirable Kay/Catherine area you can make this delightful condominium yours as a permanent residence or a summer getaway.

Property Details

Property Features

Property Information:

  • Year Built: 1850
  • Stories: 1
  • Living Area: 780 SqFt

Listing Office:

  • Office Name: Teri Degnan RE & Consulting
  • Office Phone: (401) 619-8222

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Vinyl
  • Interior: Tub Shower
  • Fireplace: Gas, Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Assigned, No Garage

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $704/SqFt

HOA Fees:

  • Amount: $269
  • 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

8 Cottage St Unit 1 vs Newport

24 DAYS ON ROCKET

-16 Days

$549,000

-$347.5K Less

$704/SqFt

+$116 More

KEY TAKEAWAY

This property is $347.5K less than the Median Sold Price and $116/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: #1370910

Listing Office:

  • Office Name: Teri Degnan RE & Consulting
  • Office Phone: (401) 619-8222

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, 2:20:51 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

$3,077

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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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-483574
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.47 miles

  • Public District Grades PK-4

school-card-donut-483575
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.62 miles

  • Public District Grades 4-4

school-card-donut-483576
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.91 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. 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.

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 8 Cottage St Unit 1

What is the listing price of this property?

The listing price of 8 Cottage St Unit 1 property is $549,000.

What type of property is this?

The property 8 Cottage St Unit 1 is a condo located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 8 Cottage 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 8 Cottage St Unit 1 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 8 Cottage St Unit 1 is 780 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8 Cottage St Unit 1 is 1850.

Rocket Homes›Rhode Island›Newport County›Newport›02840›8 Cottage St Unit 1

This home is located at 8 Cottage St Unit 1 in Newport, RI and zip code 02840. This 780 square foot home was built in 1850. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $549,000.

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, 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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