$2,095,000 Price Analysis    ♡   Newport, RI 02840 6 bed 6 bath 4,255 SqFt ($492/SqFt) 6,717SqFt lot. Built 1900 Listed 2024-05-17 | Ⓧ USDA Ineligible due to price & location near Newport |
Orignially built in 1892 as a guest house for the Naval War College and in 2022 this home underwent an extensive renovation top to bottom with quality materials and thoughtful design.
* Sale Pending *Uniquely quipped to accommodate a variety of living arrangements, the property holds a legal guest-house license and has garnered 100% 5-star reviews providing an excellent opportunity for rental income. Can be purchased as a furnished/turnkey property. Six bedrooms and six bathrooms including a third-floor legal in-law unit that can be repurposed as a guest suite/office. The owners planned this reconstruction as a long term investment and while honoring the homes original aesthetics they introduced state-of-the art features; modern systems include advanced HVAC, new electrical and plumbing systems, Marvin windows, electric car charger, conduit for future solar and a hotel grade fire suppression system.
Gourmet kitchens, elegant bathrooms, bamboo flooring, custom carpentry, second floor laundry and a fabulous tree house style sitting room. Historical charm radiates through detailed woodwork, antique stained glass windows, restored pocket door, gas fireplaces and wraparound porch with a balcony. Built for enjoying outdoor living with a fenced backyard, hazelnut trees and two outdoor showers. Detached 2-car garage has space for bikes and surfboards. Unparalleled flexibility and potential in Newports vibrant community within walking distance to dining, shopping and an easy coastal lifestyle.
Presented by Newport Living Group at
LILA DELMAN REAL ESTATE.
Property MLS #1359296 from StateWide
Basement Features: Storage Area, Utility
Basement Description: Full, Unfinished, Access: Interior and Exterior
Full Bathrooms: 6
Stairs
Wet Bar
Fireplace Features: Brick, Gas
Heating Features: Central Air, Forced Air, Gas Connected, Heat Pump, Zoned
Heating Fuel: Gas
Number of Fireplaces: 2
Water Heaters: Gas, Indirect, Tank
Lot Size Acres: 0.1542
Lot Size Square Feet: 6717
Garage Description: Detached
Parking Total: 7
Source Listing Status: Pending
County: Newport
Tax Year: 2024
Source Property Type: 2-4 Units Multi Family
Inclusions: Special Use Permit on record and attached in MLS. The proposed 2024 residential mil rate is $6.98. The budget will not be set until the end of June. Therefore, the 2024 taxes could adjust accordingly. The town assessment is the new 2024 assessment. Owners run an Airbnb and numbers can be provided. For the drop down regarding gross square footage, the net living square footage was inserted instead for more accuracy.
Source Neighborhood: Kay/Catherine
Zoning: R10
Property Subtype: Up/Down
Source System Name: C2C
$2,095,000
StateWide
Listing removed 2024-05-02
$0
StateWide
Listed 2024-03-21
$2,400,000
StateWide
Year Built: 1900
Building Exterior Type: Balcony, Clapboard, Insulated Glass Windows, Patio, Porch, Wood
Insulation: Ceiling, Walls
Property Age: 124
Levels or Stories: 3
Total Above Grade Sqft Area: 4255
Walls: Dry Wall
Sewer: Connected, Public
Water Source: Connected, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.