7 Cottage Street
Newport, RI 02840
$1,800,000
Last Sold Price
7
Beds
6
Baths
6,570 Sq. Ft.
$274 / Sq. Ft.
6,570
Sq. Ft.
$274
per Sq. Ft.
Closed 4/30/21
Closed 4/30/21
Description
Ideal owner-occupied income property or 1031 exchange opportunity. This 3-unit home underwent an extensive renovation in 2020 including a new roof, electrical, plumbing, heating systems, decks and new windows. The building affords modern amenities while restoring original period details and is in-town living at its finest. The first floor private unit will be ready for the new owners to enjoy all Newport has to offer this summer. Unit one is a well-appointed three bedroom, three bath apartment that...Ideal owner-occupied income property or 1031 exchange opportunity. This 3-unit home underwent an extensive renovation in 2020 including a new roof, electrical, plumbing, heating systems, decks and new windows. The building affords modern amenities while restoring original period details and is in-town living at its finest. The first floor private unit will be ready for the new owners to enjoy all Newport has to offer this summer. Unit one is a well-appointed three bedroom, three bath apartment that lives like a home with its own private entrance and gas fireplace. It has a private fenced-in backyard, oversized deck, a garage space and an additional off-street parking space. Unit two is a three bedroom, two bath apartment with open-concept living/dining space and a gas fireplace. Private deck and access to a shared fenced-in yard. Unit 3 is a furnished one bedroom loft-style apartment plus office with private deck. In all units bathrooms are finished with marble tile and Kohler fixtures, kitchens have gas stoves and stainless-steel Samsung appliances. Each bedroom has its own flat-screen, wall-mounted smart TV and California Closets. Central air and laundry in units. Each unit is allocated 1 private garage bay and 1 off street parking space. Steps to Bellevue Avenue, downtown Newport, the Cliff Walk and First Beach, this turnkey building will afford you all of what Newport has to offer while you leave your car at home and walk everywhere.
Property Details for 7 Cottage Street
Subdivision Name
Catherine
Waterfront FeaturesWalk to Water
FurnishedFurnished
Location
Listing Courtesy of Lila Delman Real Estate
Sold By Teri Degnan RE & Consulting
Add your commute
LISTING UPDATED: 04/30/2021 11:57 AM
Property Details for 7 Cottage Street
| Status | Closed |
|---|---|
| MLS # | 1276959 |
| Days on Market | 15 |
| Taxes | $11,657 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi Family |
| Year Built | 1841 |
| Lot Size | 0.19 AC / 8,186 SF |
| County | Newport County |
Location
Listing Courtesy of Lila Delman Real Estate
Sold By Teri Degnan RE & Consulting
Add your commute
Building Information for 7 Cottage Street
Stories3Residences3Year Built1841Building Size-Lot Size0.19 AC / 8,186 SF
Payment Calculator
$7,722 per month
30 year fixed, 3.85% Interest
Principal and Interest
$6,751
Property Taxes
$971
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 7 Cottage Street
Summary
- Accessibility Features: Accessibility Features
- Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
- Postal City: Newport
- Zoning: R10
- County: Newport
- City: Newport
Location and General Information
- Attached Garage: No
- Covered Spaces: 3
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Detached, Garage, Garage Door Opener
- Parking Total: 6
Parking
- Association Fee: $.00
- Tax Annual Amount: $11,657.00
- Tax Assessed Value: 1133900
- Tax Lot: 093
- Tax Year: 2020
Taxes and HOA Information
- Virtual Tour URL Unbranded: https://tour.RiLiving.com/7-Cottage-ST-Newport-RI-02840
Virtual Tour
Property
- Lot Features: Corner Lot
- Lot Size Acres: 0.19
- Lot Size Area: 8186.0
- Lot Size Square Feet: 8186.0
- Building Area Total: 6,570.00
- Parcel Number: 7COTTAGESTNEWP
- Living Area Source: Public Records
Lot Information
- Senior Community: No
- Construction Materials: Drywall, Clapboard
- New Construction: No
- Number Of Buildings: 2
- Number Of Units Total: 3
- Property Sub Type: Multi Family
- Stories Total: 3
- Year Built: 1841
- Property Type: Residential Income
Property and Assessments
- Cooling: Central Air
- Cooling: Yes
- Electric: 200+ Amp Service, Circuit Breakers
- Electric On Property: Yes
- Heating: Gas
- Heating: Yes
- Sewer: Connected, Public Sewer
- Utilities: Sewer Connected, Water Connected
- Water Source: Connected, Public, Water Tap Fee
Utilities
Interior and Exterior Features
- Exterior Features: Deck, Paved Driveway
- Fencing: Fenced
- Foundation Details: Combination
- Patio And Porch Features: Deck
- Window Features: Thermal Windows
Exterior Features
- Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Basement: Exterior Entry, Full, Interior Entry, Unfinished
- Basement: Yes
- Bathrooms Full: 6
- Bathrooms Half: 0
- Bathrooms Total Integer: 6
- Bedrooms Total: 7
- Fireplace Features: Gas, Masonry
- Fireplace: Yes
- Fireplaces Total: 2
- Flooring: Ceramic Tile, Hardwood, Laminate, Marble
- Interior Features: Tub Shower, Furnished
- Laundry Features: In Unit
- Rooms Total: 18
Interior Features
MultiFamily
- Operating Expense: $24,000
Income & Expenses
- Unit Type Description 1: Access to fenced in yard shared with unit 3 and a private deck and 1 off street parking spaces and 1
- Unit Type Actual Rent 1: $2,500.00
- Unit Type Baths Total 1: 1
- Unit Type Beds Total 1: 1
Unit 1
- Unit Type Description 2: Access to fenced in yard shared with unit 3 and a private deck and 1 off street parking spaces and 1
- Unit Type Actual Rent 2: $3,000.00
- Unit Type Baths Total 2: 2
- Unit Type Beds Total 2: 3
Unit 2
- Unit Type Description 3: Private fenced in yard with 580 sqft deck and 1 off street parking spaces and 1 garage space
- Unit Type Actual Rent 3: $3,500.00
- Unit Type Baths Total 3: 3
- Unit Type Beds Total 3: 3
Unit 3
Rental Information
- Land Lease: false
- Tenant Pays: Hot Water
Rent Information
Property History for 7 Cottage Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7 Cottage Street
Taxable ValueLand$368,300Additions$1,040,000Total$1,408,300
Tax Record2021$13,139 ($1,095 / month)
Home Facts
Baths3Total Finished SqFt4,218 SqFtAbove Grade Finished SqFt4,218 SqFtStories3Lot Size8,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built1841Year Renovated1992ZoningR10CountyNEWPORTAPNNEWP M:025 B:0093Fireplace TypeHas Fireplace
Schools near 7 Cottage Street
This home is within Newport School District.
| Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K 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 PublicK 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 Lila Delman Real Estate
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