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Backup Offers

525 Spring St, Newport, RI, 02840

$1,749,900

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
4,550 SqFt
$385/SqFt
House
Schools Nearby

Location

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525 Spring St, Newport$1,749,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNo Garage
Year Built1890
HeatingBaseboard, Natural Gas, Hot Water, Zoned
CoolingDuctless, Other, Single Unit
BasementYes
WaterfrontWater Access, Waterfront
FireplaceMasonry
ViewWater
MLS #1355072
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 525 Spring St

This home is truly inspiring. Built in 1890 and tastefully updated recently. With a very flexible floorplan boasting up to 6 bedrooms and a potential au-pair/in-law suite in the lower level. The JP Parsonage House sits on the corner of Spring and Narragansett within walking distance to the beach, docks, famous cliff walk, and all the shops, attractions and restaurants on Bellevue and Thames Street. The Queen Ann Style boasts an enclosed wrap around porch that connects to a grand entry way showcasing a beautiful oak staircase, high ceiling, and period detail. There are bedrooms and baths on all three floors, an updated kitchen with Viking Appliances, a formal dining room, den/library with detail work and built ins. (TWO FABULOUS FIREPLACES!) The double owner's suite includes 2 room sized walk-in closets, dramatic travertine master bath with very large shower. Every room is soaked with light! The new driveway has a shed under construction. Two driveway entrances and plenty of off-street parking. Updates include 200-amp electric, modern high efficiency gas on demand heat and hot water, and newer plumbing and windows throughout. Two laundry rooms make for amazing convenience. The crown jewel is the roof top deck that offers a Birdseye view of downtown Newport, Newport Harbor, the Bridges, Ft. Adams, Jamestown, and beyond!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic/Antique, Victorian
  • Year Built: 1890
  • Stories: 4
  • Living Area: 4,550 SqFt

Listing Office:

  • Office Name: BHHS Commonwealth Real Estate
  • Office Phone: (401) 886-6100

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Waterfront
  • View: Water
  • Exterior: Porch, Paved Driveway

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water, Zoned
  • Cooling: Ductless, Other, Single Unit

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: $1,749,900
  • Price Per SqFt: $385/SqFt

Tax Information:

  • Annual Amount: $7,883
  • 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

525 Spring St vs Newport

38 DAYS ON ROCKET

-22 Days

$1,749,900

+$929.9K More

$385/SqFt

-$181 Less

KEY TAKEAWAY

This property is $929.9K more than the Median Sold Price and $181/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: #1355072

Listing Office:

  • Office Name: BHHS Commonwealth Real Estate
  • Office Phone: (401) 886-6100

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, 4:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 01, 2021Home Sold
$1,075,000
Jun 02, 2021Home Sold
$1,155,000
Mar 08, 2010Home Sold
$381,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,883$844,900
2020$6,549$637,100
2019$6,549$637,100
2018$6,365$637,100
2017$6,340$565,600

History based on county public records data.

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$8,801

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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-1909541
2
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.31 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1909542
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 1.19 miles

  • Public District Grades 5-8

High School

school-card-donut-1909543
4
/10

  • Rogers High School

  • 15 Wickham Rd

  • 0.76 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. 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 525 Spring St

What is the listing price of this property?

The listing price of 525 Spring St property is $1,749,900.

What type of property is this?

The property 525 Spring St is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Accepting Backup Offers: 525 Spring St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 525 Spring St 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 $7,883 (source: MLS/based on county public records data).

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

The last sale was on October 1, 2021 for $1,075,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 525 Spring St has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 525 Spring St is 4,550 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 Spring St is 1890.

Rocket Homes›Rhode Island›Newport County›Newport›02840›525 Spring St

This home is located at 525 Spring St in Newport, RI and zip code 02840. This 4,550 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $1,749,900.

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 number of listings in Newport, RI increased by 20% between February 2024 and March 2024. In March 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $820,000.

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

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