CCertihomes
5 Gillies, Newport, RI 02840

$4,500

3 beds 2 baths 1,392 sqftActive

About this home

Available from September 1, 2024 to May 31, 2025. Charming newly renovated cottage available for the off-season. This cozy retreat features modern updates and a fresh, inviting atmosphere. The cottage boasts a nice layout with a spacious living area, a fully equipped kitchen, and three comfortable bedrooms and two full bathrooms. CENTRAL AIR, SECOND-FLOOR LAUNDRY and FOUR OFF-STREET PARKING SPACES. Enjoy the beautiful surroundings from the private deck or take a short walk to the nearby King's Park for beach access. Perfect for a relaxing getaway, this cottage offers a peaceful escape with all the amenities needed for a memorable vacation.

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
$675/mo

Real estate (PITI + HOA + PMI)
$98
Principal + interest$29
Property tax + insurance$67
PMI / 2nd mortgage$2
Utilities
$773
Heating + cooling$265
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$675/mo TLC
Budget$5,000/mo
Remaining after TLC$4,325/mo
Purchase price
$4,500
Down payment
$225 (5%)
Loan amount
$4,275
APR
7.19%

Quick facts

Type
Single Family Residence
Style
Cottage
Year built
Lot size
Stories
2
Heating
Natural Gas, Central Air, Forced Air, Gas Connected
Cooling
Central Air
Water
Connected, Municipal
HOA
Annual tax
MLS #
1357975
County
Newport

At a glance

Air conditioning
Basement
Dishwasher

Home features

Appliances
DishwasherDryerExhaust FanDisposalMicrowaveOven/RangeRefrigeratorWasher
Interior
Walls: Plaster
Exterior
DeckPorch
Parking
No Garage
Flooring
Hardwood
Sewer
Connected, Public Sewer

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 4/30/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

5 Gillies · Newport — $4,500 · Certihomes