8 Cross St
Description
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This unique colonial located in the prestigious Point section of historic and beautiful Newport has been completely remodeled (down to the studs) and is ready for its next owner. Conveniently situated only steps away...Estimated Payment $5,313 Per Month. 20% Down 30-Year fixed mortgage rate of 5.27% with an APR of 5.28% for those who qualify. Taxes insurance not included. Rates As of 08/03/22.
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This unique colonial located in the prestigious Point section of historic and beautiful Newport has been completely remodeled (down to the studs) and is ready for its next owner. Conveniently situated only steps away from everything "America's First Resort" has to offer, this multi boasts a first-floor unit with 2 bedrooms, a 2-level second unit with 4 bedrooms, AND a separate loft cottage. Adorned with shiplap, original woodworking, glass tile, stainless steel appliances, gleaming hardwoods, central air... what more could you want? There are only finishing touches left to complete this project, and the current owner is willing to work with the right buyer to get it there to his/her taste. With an appraisal in hand for $1.3M, this one already has equity built-in, a rare find in this market!
- Listed by Nathan Clark Team • Brokerage DRE #REB.0019702 • YHSGR Nathan Clark TeamP: (401)-232-7661 transactions@nathanclarkteam.com
Property Details for 8 Cross Street
Property Details for 8 Cross Street
| Status | Closed |
|---|---|
| MLS # | 1317130 |
| Days on Market | 5 |
| Taxes | $4,155 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Multi Family |
| Year Built | 1870 |
| Lot Size | 0.08 AC / 3,485 SF |
| County | Newport County |
Location
Sold By Edge Realty RI, LLC
Building Information for 8 Cross Street
Payment Calculator
$6,137 per month
30 year fixed, 6.46% Interest
$5,791
$346
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1Property Information for 8 Cross Street
- City: Newport
- Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Courts
- Postal City: Newport
- Postal Code: 02840
- State Or Province: RI
- Zoning: R10
- Human Modified Y N: No
- Covered Spaces: 0
- Garage Spaces: 0
- Garage Y N: No
- Parking Features: No Garage
- Parking Total: 0
- Tax Annual Amount: $4,155.00
- Tax Assessed Value: 445300
- Tax Block: 31
- Tax Lot: 4
- Tax Year: 2021
- Virtual Tour U R L Unbranded2: https://www.rhodeislandhomesforsale.net/homes/ri/newport/swmlsresall13171301021003206/8-cross-st-newport-ri-02840
- Above Grade Fin SQFT: 3136.0
- Building Area Total: 3136.0
- Living Area Source: Public Records
- Lot Size Acres: 0.08
- Lot Size Area: 3485.0
- Lot Size Square Feet: 3485.0
- Lot Size Units: Square Feet
- Number Of Buildings: 2
- Parcel Number: 861/2CROSSSTNEWP
- Stories Total: 3
- Business Type: Other
- Buyer Financing: Cash
- New Construction Y N: Yes
- Number Of Units Total: 3
- Property Condition: Under Construction
- Property Sub Type: Multi Family
- Property Type: ResidentialIncome
- Senior Community Y N: No
- Year Built: 1870
- C L I P: 1,213,599,322
- Electric: Amps200Or More, Circuit Breakers
- Sewer: Connected, Public Sewer
- Utilities: Sewer Connected
- Water Source: Connected, Public
- Exterior Features: Porch
- Foundation Details: Concrete Perimeter
- Appliances: Electric Water Heater
- Basement: Exterior Entry, Full, Interior Entry, Unfinished
- Basement Y N: Yes
- Bathrooms Full: 3
- Bathrooms Half: 0
- Bathrooms Total Integer: 3
- Bedrooms Total: 7
- Cooling: Central Air
- Cooling Y N: Yes
- Fireplace Features: Gas
- Fireplaces Total: 1
- Fireplace Y N: Yes
- Flooring: Carpet, Ceramic Tile, Hardwood
- Heating: Electric, Forced Air
- Heating Y N: Yes
- Laundry Features: In Unit
- Patio And Porch Features: Porch
- Rooms Total: 13
- Window Features: Thermal Windows
- Operating Expense: $.00
- Actual Rent: $.00
- Description: Stand alone Loft Cottage
- Occupant Type: Vacant
- Unit Type Area: 286.0
- Baths Total: 1
- Beds Total: 1
- Num of Full Baths: 1
- Num of Half Baths: 0
- Actual Rent: $.00
- Description: Second & Third Floor
- Occupant Type: Vacant
- Unit Type Area: 1801.0
- Baths Total: 1
- Beds Total: 4
- Num of Full Baths: 1
- Num of Half Baths: 0
- Actual Rent: $.00
- Description: First floor
- Occupant Type: Vacant
- Unit Type Area: 1049.0
- Baths Total: 1
- Beds Total: 2
- Num of Full Baths: 1
- Num of Half Baths: 0
- Lease Amount Per Area Unit: DollarsPerSquareFoot
- Land Lease Y N: No
Property History for 8 Cross Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 2, 2022 | Sold Rhode Island Association of REALTORS® #1317130 | $1,150,000 | — |
| Aug 10, 2022 | Contract Signed Rhode Island Association of REALTORS® #1317130 | — | |
| Aug 3, 2022 | Listed (Active) Rhode Island Association of REALTORS® #1317130 | $1,200,000 | — |
| Nov 21, 2018 | Sold Rhode Island Association of REALTORS® #1195369 | $475,000 | — |
| Sep 14, 2018 | Contract Signed Rhode Island Association of REALTORS® #1195369 | — | |
| Jun 19, 2018 | Listed (Active) Rhode Island Association of REALTORS® #1195369 | $510,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/02/2022 | Sold Rhode Island Association of REALTORS® #1317130 | $1,150,000 |
| 08/10/2022 | Contract Signed Rhode Island Association of REALTORS® #1317130 | — |
| 08/03/2022 | Listed (Active) Rhode Island Association of REALTORS® #1317130 | $1,200,000 |
| 11/21/2018 | Sold Rhode Island Association of REALTORS® #1195369 | $475,000 |
| 09/14/2018 | Contract Signed Rhode Island Association of REALTORS® #1195369 | — |
| 06/19/2018 | Listed (Active) Rhode Island Association of REALTORS® #1195369 | $510,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8 Cross Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 4 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Frank E. Thompson Middle School Public5 to 8 | ||
Rogers High School Public9 to 12 | ||
Pell Elementary School PublicPK to 4 | ||
Newport Area Career Tech Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of YHSGR Nathan Clark Team
Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
