17 days on rocket

13 Dean Ave, Newport, RI, 02840

$1,950,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 2 Partial
Multi
Schools Nearby

Location

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13 Dean Ave, Newport$1,950,000

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 Built1900
HeatingNatural Gas, Hot Water
CoolingDuctless
BasementYes
FireplaceNone
MLS #1356429
Lot Size0.09 Acres
StatusActive

About 13 Dean Ave

In Newport's sought-after Yachting Village, a superb opportunity awaits to own a meticulously updated three-family home in the bustling heart of downtown. This property has undergone extensive renovations by the current owner, including newer windows, renovated bathrooms and kitchens, updated appliances, enhanced insulation, and a roof just eight years old. Inside, each unit boasts elegant refinished hardwood floors, open-concept living spaces, modern kitchens and bathrooms, and custom insert blinds for flexible lighting control. Balcony space on every level provides a charming outdoor retreat, while 3 full-size washer/dryers and storage area ensure convenience for each unit. Outside, a backyard features secure bike storage, and a newly paved oversized parking lot accommodates up to six cars side-by-side or nine with tandem parking. The seller includes a feasibility study for a garage addition, previously present until 1998. All units have leases starting between April 15th to May 1, providing immediate rental income. The home is being sold furnished and fully tenanted. Whether for investment or residence, 13 Dean Avenue presents an enticing prospect in Newport's vibrant downtown scene. Detailed rental income records offer valuable insights for investors.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (401) 845-6900

Interior Features

Interior Information:

  • Appliances: Dryer, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Other
  • Interior: Cathedral Ceiling(s), Skylights, Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch, Paved Driveway

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Ductless

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Frank E. Thompson Middle School, Public District Grades 5-8
  • Claiborne Pell Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $4,918
  • 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

$820K

Med. Price/SqFt

$566

Avg. Days On Market

60

# of Sold Homes

18

13 Dean Ave vs Newport

17 DAYS ON ROCKET

-43 Days

$1,950,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M 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: #1356429

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (401) 845-6900

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: 4/29/2024, 1:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 09, 2001Home Sold
$310,000
Oct 05, 2000Home Sold
$230,000
May 27, 1997Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,918$527,100
2020$4,258$414,200
2019$4,258$414,200
2018$4,138$414,200
2017$4,033$359,800

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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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.

Elementary School

school-card-donut-3142953
2
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.13 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3142954
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.98 miles

  • Public District Grades 5-8

High School

school-card-donut-3142955
4
/10

  • Rogers High School

  • 15 Wickham Rd

  • 0.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,902. Typical income of Newport, RI residents is between $35k-100k annually. 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

Rocket Homes›Rhode Island›Newport County›Newport›02840›13 Dean Ave

This home is located at 13 Dean Ave in Newport, RI and zip code 02840. This home, which was built in 1900, sits on a 0.09 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $1,950,000.

Newport, RI housing market in March 2024 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 13 sold below. In March 2024 in Newport, RI there were 20% more homes for sale than in February 2024. While the average time on the market in March 2024 was 60 days, the median list price was $820,000.

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

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