3 months on rocket

Sale Pending

98 Locust Ave, Portsmouth, RI, 02871

$998,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,977 SqFt
$335/SqFt
House

Location

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98 Locust Ave, Portsmouth$998,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached GarageYes
Year Built1850
HeatingForced Air, Oil, Zoned
CoolingCentral Air
BasementYes
FireplaceMasonry
MLS #1367563
Lot Size0.75 Acres
StatusSale Pending
(Pending)

About 98 Locust Ave

First time to market in over 50 years! Welcome to Watson Farm circa 1850.This carefully restored center-chimney colonial blends classic charm with modern conveniences.This handsome antique property has been lovingly cared for by the owner of 57 years. Enter thru the oversized mudroom to fully updated kitchen with original pine floors, custom cabinetry and the finest stainless appliances. The kitchen is also home to one of 6 working fireplaces with sitting area and dining table.A cozy sunroom overlooks stonewalls, an English garden with roses,6 specimen trees and a lovely outbuilding with its own fireplace. A conveniently located butler's pantry with glass built-ins and copper sink is functional and perfect for entertaining. Formal dining and living rooms with respective fireplaces lead to a home office and the den/keeping room with a wall of buit-ins. A powder room completes this level.Second floor consists of a primary bedroom with working fireplace, a with walk-in closet/dressing area and separate sitting room with built-in shelves. There's 2 additional bedrooms and 2 full baths on this level.Full walk-up attic in house and over garage offers plenty of storage and expansion possibilities. Some updates include restored windows by Newport Restoration, young roof, new heating system and central air. This meticulously maintained home is a blend of timeless elegance while seamlessly integrating today's busy lifestyle.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1850
  • Stories: 2
  • Living Area: 2,977 SqFt

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Attic, Wet Bar, Permanent Attic Stairs, Skylights, Cable TV, Wine Cellar
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.75 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Oil, Zoned
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $998,000
  • Price Per SqFt: $335/SqFt

Tax Information:

  • Annual Amount: $6,319
  • Tax Year: 2021
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Housing Market Comparison

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

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Portsmouth, RI

City

Med. Sold Price

$659K

Med. Price/SqFt

$365

Avg. Days On Market

15

# of Sold Homes

7

98 Locust Ave vs Portsmouth

99 DAYS ON ROCKET

+84 Days

$998,000

+$339K More

$335/SqFt

-$31 Less

KEY TAKEAWAY

This property is $339K more than the Median Sold Price and $31/SqFt less than other homes in Portsmouth, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1367563

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

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: 12/11/2024, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,319$429,300
2020$6,470$429,300
2019$7,844$478,300
2018$7,638$478,300
2017$7,375$478,300

History based on county public records data.

Payment Calculator

$5,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,059

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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-1708192
9
/10

  • Melville Elementary School

  • 1351 W Main Rd

  • 0.76 miles

  • Public District Grades KG-4

school-card-donut-1708193
10
/10

  • Hathaway Elementary School

  • 53 Tallman Ave

  • 3.39 miles

  • Public District Grades KG-4

school-card-donut-1708194
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 3.66 miles

  • Public District Grades 4-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $91,632. Residents of Portsmouth, RI typically earn between $35k-100k each year. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Portsmouth, 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 Portsmouth, RI?

Portsmouth's housing market is characterized by a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, with colonial, ranch, and Cape Cod homes dotting the landscape. The market is balanced with a mix of older homes that reflect the town's historical roots and newer constructions that offer modern amenities. While the exact homeownership rate is not specified, the market suggests a healthy balance between owned and rented properties.

What are the advantages of living in Portsmouth, RI?

Portsmouth is known for its serene coastal charm and strong sense of community. The town prides itself on its rich history and natural beauty, with numerous parks and public spaces that encourage outdoor activities. Annual events and local traditions are a testament to the town's cultural vitality and community engagement.

Are essential services in Portsmouth, RI convenient?

The community is served by a range of educational institutions, including public and private schools that cater to various educational needs. Healthcare services are accessible, with facilities providing primary care and specialized treatments. The public library system supports lifelong learning and community activities. Retail and dining options reflect the local culture, offering a blend of traditional New England fare and contemporary cuisine.

How do Portsmouth, RI residents get around?

Transportation in Portsmouth includes a network of roads that connect residents to nearby cities and amenities. Public transit options are available, with schedules that accommodate the commuting patterns of residents. The town also supports alternative transportation methods, such as biking and walking, with certain areas designed to be particularly pedestrian-friendly. While specific ride-sharing statistics are not mentioned, such services are commonly used in the area.

Frequently Asked Questions About 98 Locust Ave

What is the listing price of this property?

The listing price of 98 Locust Ave property is $998,000.

What type of property is this?

The property 98 Locust Ave is a house located in Portsmouth, Rhode Island, 02871.

Is this property for sale now?

Sale Pending: 98 Locust Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,319 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 98 Locust Ave has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 98 Locust Ave is 2,977 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 98 Locust Ave is 1850.

Rocket Homes›Rhode Island›Newport County›Portsmouth›02871›98 Locust Ave

This home is located at 98 Locust Ave in Portsmouth, RI and zip code 02871. This 2,977 square foot home, which was built in 1850, sits on a 0.75 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $998,000.

In November 2024, from all listings sold in Portsmouth, RI there were more than 4 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price. Between October 2024 and November 2024, Portsmouth, RI real estate market has seen decrease in the number of listings by 12.6%. In November 2024, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $659,000.

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

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