NOT LISTED FOR SALE

8 Cross St Newport, RI 02840

7 Beds
3 Baths
3,136 Sq Ft
3,485 Sq Ft Lot

Last Sold September 02, 2022

Last sale price $1,150,000 $367 Per Sq Ft

7 Days on Market

Highlights

  • Marina
  • Under Construction
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • 3-minute walk to Cardines Field

About This Home

As of September 2022

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!

Last Agent to Sell the Property

Nathan Clark

Your Home Sold Guaranteed, NCT Listed on: 08/03/2022

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,155

Year Built

  • Built in 1870 | Under Construction

Lot Details

  • 3,485 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 3,136 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Storage Room
  • Laundry in unit
  • Utility Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 4 / 31
  • Assessor Parcel Number 861/2CROSSSTNEWP

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • The Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,155

Year Built

Built in 1870 | Under Construction

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.08
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 3136.0
  • Garage Yn: No
  • New Construction: Yes
  • Year Built: 1870
  • Special Features: NewHome

Interior Features

  • Number Of Buildings: 2
  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Property Condition: Under Construction

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3485.0
  • Parcel #: 861/2CROSSSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4155.0
  • Tax Block: 31
  • Tax Lot: 4
  • Tax Year: 2021

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $1,150,000 -4.2% $367 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $1,200,000 +152.6% $383 / Sq Ft
11/21/2018 11/21/18 Sold $475,000 -6.9% $118 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
06/19/2018 06/19/18 For Sale $510,000 -- $127 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nathan Clark

    Seller's Agent in 2022

    Nathan Clark

    Your Home Sold Guaranteed, NCT

    (401) 232-8301

    4 in this area

    2,136 Total Sales

    Nathan Clark
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2022

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    23 in this area

    146 Total Sales

    Alex Fraioli
    Section Image
  • John Long

    Seller's Agent in 2018

    John Long

    HomeSmart Professionals

    (774) 451-2163

    3 in this area

    58 Total Sales

    John Long
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1317130

State-Wide MLS

Rhode Island Newport County Newport 02840

8 Cross St, Newport, RI

This home is located at 8 Cross St, Newport, RI 02840 since 03 August 2022. This property was built in 1870. 8 Cross St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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