CCertihomes
111 Ocean, Newport, RI 02840

$12,500

4 beds 4 baths 4,131 sqft Built 1978Active

About this home

Available October 1, 2024-May 15, 2025 SOME DATE FLEXIBILITY -Ocean view contemporary estate on Ocean Avenue in Newport! Modern, clean lines and furnishings--plus ONE LEVEL LIVING -- with each of the 4 bedrooms offering ensuite bathrooms. (2) Bedrooms have KING beds, (1) Queen bed (2) Twin beds. Formal dining room for 8 guests, cozy tv den with adjacent wet bar. Large glass sliders facing the ocean in the open living room which flows into a generously sized eat-in kitchen with plenty of prep and storage space. Parking for 8 vehicles in the driveway along with 2 garage spaces integral to the house. Open living with modern convenience in a coveted Newport area. Walk to Gooseberry Beach and the Cliff walk, bike into town for dinner and shopping.. Wood burning Fire pit in courtyard and al fresco dining area overlooking the ocean and large grassy yard. Pool will be closed in the fall. Also available for SUMMER 2025- INQUIRE FOR RATES. Utilities to tenant. A small dog may be considered.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$1,469/mo

Real estate (PITI + HOA + PMI)
$282
Principal + interest$81
Property tax + insurance$196
PMI / 2nd mortgage$5
Utilities
$1,949
Heating + cooling$828
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$1,469/mo TLC
Budget$5,000/mo
Remaining after TLC$3,531/mo
Purchase price
$12,500
Down payment
$625 (5%)
Loan amount
$11,875
APR
7.19%

Quick facts

Type
Single Family Residence
Style
Contemporary
Year built
1978
Lot size
1.08 ac
Stories
1
Heating
Oil, Forced Air
Cooling
Central Air
Water
Connected
HOA
Annual tax
MLS #
1357088
County
Newport

At a glance

Air conditioning
Fireplace
Pool
Garage (2)
Dishwasher
Waterfront

Home features

Appliances
DishwasherDryerDisposalMicrowaveOven/RangeRefrigeratorWasherWhirlpool
Interior
Cathedral CeilingsSkylightWet BarWalls: Plaster
Exterior
Patio
Parking
AttachedIntegralUnassigned
Pool
In Ground
Fireplace
MarbleStone
Flooring
Ceramic Tile, Marble
Sewer
Connected

Lot features

Corner Lot

Neighborhood — 02840

MetricThis ZIPCountyUSA
Population25,6781,095,423299,088,112
Population Change Since1990-8.00%9.00%20.00%
Population Density3,344994
Male12,039529,266147,432,321
Female13,562566,157151,655,844
Never Married7,807266,40463,775,926
Married8,167435,678123,120,365
Separated1,47343,64212,639,686
Widowed1,69966,66815,467,586
Divorced2,69183,84323,075,029
Number Of House Hold10,531410,399111,826,380
Average House Hold Size2.272.562.60
Medial Age38.5237.2735.46
Median House Hold Income$48,216$47,553$48,276
Average House Hold Income$65,270$61,609$63,629
P C I$28,066$23,965$24,529
M D I$41,065$40,634$41,133
A T H E$52,096$49,940$50,898
S T R7.00%7.00%
W C J80.40%78.02%77.74%
(Zip) Code
2840

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
RI & State Wide MLS

Listing information last refreshed 4/18/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

111 Ocean · Newport — $12,500 · Certihomes