7 months on rocket

24 Old Beach Rd, Newport, RI, 02840

$2,350,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
7 Full Baths
5,094 SqFt
$461/SqFt
House
Schools Nearby

Location

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24 Old Beach Rd, Newport$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1850
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
BasementYes
FireplaceMarble
MLS #1343209
Lot Size0.26 Acres
StatusActive

About 24 Old Beach Rd

Make this grand 22-room Victorian into your dream home in Newport. Just off Bellevue Avenue and halfway between Newport Harbor and the Atlantic Ocean at Easton's Beach, the Big Pond, and Cliff Walk, 24 OLD BEACH ROAD is positioned on a dreamy tree-lined street in one of Newport's best historic neighborhoods. Newport's major attractions, natural beauty, and everyday pleasures are just moments from your front door. Built circa 1850, this home is presently used as a two-family on 3 floors with a generous layout spanning 5094 square feet, showcasing graceful proportions, high ceilings, and myriad period details such as tin ceilings, decorative fireplace mantels and a wood stove. The first floor would accommodate gracious entertaining areas (living room, dining room, library/office, sitting room), ground floor guest suite, and a large kitchen/family wing with windows on three sides, and opening onto a lovely backyard garden and stone patio. The second floor could have a beautiful primary bedroom suite with dressing room and large walk-in closet and en-suite bath, with an additional two en-suite bedrooms on this level as well as a lounge/media area, pantry and utility room. The third floor would host an additional 3+ bedrooms, playroom, shared bath, pantry, and storage. The 11,000+ square foot lot also accommodates a large front porch, sunny backyard, freestanding office/atelier, 3-car garage and ample parking.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1850
  • Stories: 3
  • Living Area: 5,094 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood
  • Fireplace: Marble

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 11

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Window Unit(s)

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: $2,350,000
  • Price Per SqFt: $461/SqFt

Tax Information:

  • Annual Amount: $8,360
  • 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

24 Old Beach Rd vs Newport

235 DAYS ON ROCKET

+175 Days

$2,350,000

+$1.5M More

$461/SqFt

-$105 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $105/SqFt less than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1343209

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: 4/27/2024, 8:25:15 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

Jan 24, 2012Home Sold
$625,000
May 14, 1999Home Sold
$275,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,360$896,000
2020$7,599$739,200
2019$7,599$739,200
2018$7,385$739,200
2017$7,667$683,900

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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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-1585053
2
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.49 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1585054
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.49 miles

  • Public District Grades 5-8

High School

school-card-donut-1585055
4
/10

  • Rogers High School

  • 15 Wickham Rd

  • 1.53 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 $75,493. Typical income of Newport, RI residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 24 Old Beach Rd

What is the listing price of this property?

The listing price of 24 Old Beach Rd property is $2,350,000.

What type of property is this?

The property 24 Old Beach Rd is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 24 Old Beach Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 24 Old Beach Rd are:
Claiborne Pell Elementary School: GreatSchools Rating 2/10
Frank E. Thompson Middle School: GreatSchools Rating 3/10
Rogers High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,360 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 24, 2012 for $625,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 24 Old Beach Rd has 11 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 24 Old Beach Rd is 5,094 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 24 Old Beach Rd is 1850.

Rocket Homes›Rhode Island›Newport County›Newport›02840›24 Old Beach Rd

This home is located at 24 Old Beach Rd in Newport, RI and zip code 02840. This 5,094 square foot home, which was built in 1850, sits on a 0.26 acre lot. Features: 11 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 05, 2023 and is currently priced at $2,350,000.

In March 2024, from all listings sold in Newport, RI there were more than 2 sold above asking price, over 13 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Newport, RI between February 2024 and March 2024 increased by 20%. The median list price of listings available in March 2024 was $820,000, while the average time on the real estate market was 60 days.

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

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