10 days on rocket

97 Narragansett Ave Unit M5, Newport, RI, 02840

$515,000

Home List Price

$6,116*

Closing Credit

1 Bedroom
1 Full Bath
865 SqFt
$595/SqFt
Condo
Schools Nearby

Location

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97 Narragansett Ave Unit M5, Newport$515,000

Buyer Closing Credits

$6,116*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, No Garage
Year Built1862
HeatingBaseboard, Electric, Natural Gas, Hot Water
CoolingNone
BasementYes
FireplaceNone
MLS #1357450
StatusActive

About 97 Narragansett Ave Unit M5

Welcome to the prestigious Bienvenue Estate' located on tree lined Narragansett Avenue. This residential condominium within the historic district of Newport, RI sits on 2.5 acres of well-manicured grounds, just steps from famed Newport Cliff walk, Bellevue Avenue, and the esteemed Salve Regina University. Step inside to discover a one-bedroom unit flooded with natural light, accentuating its timeless historic details: high ceilings, oversized windows, marble mantle surrounding the decorative fireplace and parquet wooden flooring. The highlight of this residence is undoubtedly the widow's peak, offering panoramic views through its 360-degree windows. Envision this space as your private retreat an office space, serene meditation room, or plant sanctuary. Additionally, this unit hosts a stackable washer and dryer, ample closet space in addition to the condo's storage unit. Recently benefiting from significant capital improvements, including exterior and roof repairs, as well as a fresh coat of paint, this condominium assures a worry-free living experience. The seller's full contribution to these improvements ensures peace of mind for prospective buyers. Small dogs under 20 pounds are permitted with the approval of the association. Two convenient assigned parking spaces on site, with ample visitor parking for your guests. Whether you seek a peaceful retreat or a vibrant urban lifestyle, this Newport condominium embodies refined coastal living.

Property Details

Property Features

Property Information:

  • Year Built: 1862
  • Stories: 2
  • Living Area: 865 SqFt

Listing Office:

  • Office Name: Kirby & Kirby
  • Office Phone: (401) 324-0048

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Parquet
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Assigned, No Garage

Virtual/3D Tour

  • Virtual Tour: 97 Narragansett Ave Unit M5

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Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Natural Gas, Hot Water
  • Cooling: None

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: $515,000
  • Price Per SqFt: $595/SqFt

HOA Fees:

  • Amount: $616
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Newport, RI.

Med. Sold Price

$850K

Med. Price/SqFt

$578

Avg. Days On Market

54

# of Sold Homes

19

97 Narragansett Ave Unit M5 vs Newport

10 DAYS ON ROCKET

-44 Days

$515,000

-$335K Less

$595/SqFt

+$16 More

KEY TAKEAWAY

This property is $335K less than the Median Sold Price and $16/SqFt more than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1357450

Listing Office:

  • Office Name: Kirby & Kirby
  • Office Phone: (401) 324-0048

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: 5/4/2024, 9:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,254

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,610

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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-5852086
2
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.30 miles

  • Public District Grades PK-4

Middle School

school-card-donut-5852087
3
/10
  • Frank E. Thompson Middle School

  • 55 Broadway

  • 1.30 miles

  • Public District Grades 5-8

High School

school-card-donut-5852088
4
/10
  • Rogers High School

  • 15 Wickham Rd

  • 1.14 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $108,333. Typical income of Newport, RI residents is between $100k-200k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 97 Narragansett Ave Unit M5

What is the listing price of this property?

The listing price of 97 Narragansett Ave Unit M5 property is $515,000.

What type of property is this?

The property 97 Narragansett Ave Unit M5 is a condo located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 97 Narragansett Ave Unit M5 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 97 Narragansett Ave Unit M5 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 97 Narragansett Ave Unit M5 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 97 Narragansett Ave Unit M5 is 865 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 97 Narragansett Ave Unit M5 is 1862.

Rocket Homes›Rhode Island›Newport County›Newport›02840›97 Narragansett Ave Unit M5

This home is located at 97 Narragansett Ave Unit M5 in Newport, RI and zip code 02840. This 865 square foot home was built in 1862. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $515,000.

Newport, RI housing market in April 2024 saw over 8 listings sold above listed price, more than 2 sold at listed price and over 9 sold below. The number of homes for sale in Newport, RI increased by 13.3% between March 2024 and April 2024. While the average time on the market in April 2024 was 54 days, the median list price was $850,000.

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

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