15 days on rocket

37 Powel Ave, Newport, RI, 02840

$2,400,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Full Baths
4,254 SqFt
$564/SqFt
House
Schools Nearby

Location

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37 Powel Ave, Newport$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1892
HeatingForced Air, Natural Gas, Heat Pump, Zoned
CoolingCentral Air
BasementYes
WaterfrontWaterfront
FireplaceGas
MLS #1356686
Lot Size0.15 Acres
StatusActive

About 37 Powel Ave

Exquisitely restored home sitting just off Kay Street is a perfect blend of Victorian elegance and modern sophistication. Originally built in 1892 with a top to bottom renovation in 2022, property showcases exquisite craftsmanship and contemporary luxury. Can be purchased as a furnished, turnkey property. Six bedrooms and six full bathrooms including a third-floor legal in-law unit that can be repurposed as a guest suite or office. Historical charm radiates through detailed woodwork, antique stained glass, restored pocket door, and inviting gas fireplaces. Modern systems include advanced HVAC, completely new electrical and plumbing systems, high-end Marvin windows, and a hotel grade fire suppression system. Kitchens designed for a crowd include stainless steel appliances, first floor main kitchen butler pantry with second dishwasher. Bathrooms feature custom tiling and modern fixtures. Built for all season outdoor living with a fenced backyard, hazelnut trees, a classic wraparound porch, and two separate outdoor showers. Detached two-car garage is equipped with an electric car charger and space for bikes, surfboards, and gear. A legally licensed guest house with all 5 star ratings, this home offers unparalleled flexibility and potential in Newport's vibrant community. Walking distance to dining, shopping, and an easy coastal lifestyle. Rare opportunity to own a piece of Newport's heritage, redefined for modern living with the convenience of brand new systems and technology.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1892
  • Stories: 3
  • Living Area: 4,254 SqFt

Listing Office:

  • Office Name: JB Newport Realty
  • Office Phone: (401) 862-7882

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Other
  • Interior: Cathedral Ceiling(s), Tub Shower
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Balcony, Porch, Patio

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Heat Pump, Zoned
  • Cooling: Central Air

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: $2,400,000
  • Price Per SqFt: $564/SqFt
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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

37 Powel Ave vs Newport

15 DAYS ON ROCKET

-45 Days

$2,400,000

+$1.5M More

$564/SqFt

-$2 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $2/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: #1356686

Listing Office:

  • Office Name: JB Newport Realty
  • Office Phone: (401) 862-7882

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: 4/28/2024, 3:25:15 AM 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 - $895,200
2020 - $743,400
2019 - $743,400
2018 - $743,400
2017 - $685,800

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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-1870267
2
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.87 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1870268
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.43 miles

  • Public District Grades 5-8

High School

school-card-donut-1870269
4
/10

  • Rogers High School

  • 15 Wickham Rd

  • 2.10 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 $65,625. Typical income of Newport, RI residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 37 Powel Ave

What is the listing price of this property?

The listing price of 37 Powel Ave property is $2,400,000.

What type of property is this?

The property 37 Powel Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 37 Powel 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 37 Powel Ave 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

How many bedrooms and bathrooms does this property have?

The property at 37 Powel Ave has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 37 Powel Ave is 4,254 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 37 Powel Ave is 1892.

Rocket Homes›Rhode Island›Newport County›Newport›02840›37 Powel Ave

This home is located at 37 Powel Ave in Newport, RI and zip code 02840. This 4,254 square foot home, which was built in 1892, sits on a 0.15 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $2,400,000.

In March 2024 more than 2 listings in Newport, RI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 13 were sold below. The inventory of homes for sale in Newport, RI between February 2024 and March 2024 increased by 20%. In March 2024 median list price was $820,000 and the average listing age was 60 days.

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

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