HeatingBaseboard, Electric, Heat Pump, Hot Water, Oil, Zoned
CoolingHeat Pump, Single Unit
BasementYes
WaterfrontWaterfront
FireplaceMarble
MLS #1359555
Lot Size0.50 Acres
StatusActive
About 162 Rhode Island Ave
Welcome to Tulipwood, your new five bed, five and a half bath home on a quiet half acre of manicured grounds. This sun-drenched residence, located in the Kay-Catherine neighborhood, one of the most desirable neighborhoods in Newport. Tulipwood is a couple of blocks from First beach, restaurants and downtown. The home has been renovated to offer modern open concept living, maintaining classic charm with reclaimed barn beams throughout. The south facing kitchen, Hardwood flooring, airy family room with marble fireplace and convenient first floor laundry are just some of the recent updates to this over 4000 square-foot home. On the second floor you'll find two en-suite primary bedrooms as well as guest bedroom, second floor bath and another guest room or office. In addition, the home offers a separate studio or guest space on the first floor well equipped with its own kitchen, living room, bath and bedroom. A great in-law or guest suite option! The lower level features an additional family room, guest space, full bath, and storage. From the first floor, open the picturesque French doors and step onto a mahogany deck, large enough for entertaining. The deck and the back of the home overlook a private yard large enough to install a pool and garage. Truly a hidden gem.
Property Details
Property Features
Property Information:
Architectural Style: Cabin/Cottage
Year Built: 1981
Stories: 2
Living Area: 4,048 SqFt
Listing Office:
Office Name: Gustave White Sotheby's Realty
Office Phone: (401) 849-3000
Interior Features
Interior Information:
Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Water Heater, Range, Refrigerator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16.2K
Per Month
Principal & Interest
$16.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,810
Powered By
Advertisement
NMLS#3030
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.
Elementary School
4
/10
Claiborne Pell Elementary School
35 Dexter St
Distance between this listing and this school1.54 miles
Public District Grades PK-4
Middle School
3
/10
Frank E. Thompson Middle School
55 Broadway
Distance between this listing and this school0.70 miles
Public District Grades 5-8
High School
3
/10
Rogers High School
15 Wickham Rd
Distance between this listing and this school1.64 miles
Public District Grades 9-12
Assigned Schools
4
/10
Claiborne Pell Elementary School
35 Dexter St
Distance between this listing and this school1.54 miles
Public District Grades PK-4
Nearby Schools
7
/10
Jamestown School-Melrose
76 Melrose Ave
Distance between this listing and this school4.20 miles
Public District Grades PK-4
9
/10
Melville School
1351 W Main Rd
Distance between this listing and this school6.87 miles
Public District Grades PK-3
Assigned Schools
3
/10
Frank E. Thompson Middle School
55 Broadway
Distance between this listing and this school0.70 miles
Public District Grades 5-8
Nearby Schools
8
/10
Joseph H. Gaudet School
1113 Aquidneck Ave
Distance between this listing and this school2.55 miles
Public District Grades 5-8
5
/10
Joseph Gaudet Academy
1113 Aquidneck Ave
Distance between this listing and this school2.55 miles
Public District Grades 4-4
Assigned Schools
3
/10
Rogers High School
15 Wickham Rd
Distance between this listing and this school1.64 miles
Public District Grades 9-12
Nearby Schools
4
/10
Middletown High School
130 Valley Rd
Distance between this listing and this school2.31 miles
Public District Grades 9-12
7
/10
North Kingstown Sr. High School
150 Fairway Dr
Distance between this listing and this school9.01 miles
The neighbors living near this home have an average income of $58,333. Residents of Newport, RI typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 162 Rhode Island Ave
What is the listing price of this property?
The listing price of 162 Rhode Island Ave property is $3,250,000.
What type of property is this?
The property 162 Rhode Island Ave is a house located in Newport, Rhode Island, 02840.
Is this property for sale now?
Active Listing: 162 Rhode Island Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 162 Rhode Island Ave are: Claiborne Pell Elementary School: GreatSchools Rating 4/10Frank E. Thompson Middle School: GreatSchools Rating 3/10Rogers High School: GreatSchools Rating 3/10
How many bedrooms and bathrooms does this property have?
The property at 162 Rhode Island Ave has 5 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 162 Rhode Island Ave is 4,048 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 162 Rhode Island Ave is 1981.
Interested in 162 Rhode Island Ave? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 162 Rhode Island Ave in Newport, RI and zip code 02840. This 4,048 square foot home, which was built in 1981, sits on a 0.50 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $3,250,000.
While more than 8 listings in Newport, RI in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 9 were sold below. The number of homes for sale in Newport, RI increased by 13.3% between March 2024 and April 2024. Listings spent 54 days on the market in April 2024, and had a median list price of $850,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Figure Skating
Figure Skating
Continuing Education Courses
Symphony or Opera
Chico's
Express/Express For Men
H&M
Bob Evans
Qdoba
Boston Market
Oldsmobile
Volkswagen
Volvo
News
Urban Contemporary
Talk/Personality