CCertihomes
216 Spring #1, Newport, RI 02840

$7,000

3 beds 1 baths 1,500 sqft Built 1843Active

About this home

Beautifully preserved over the years, the Historic Joseph Cottrell House is truly a unique property. Located in the heart of downtown Newport while still offering a fenced yard and garden as well as the convenience of a garage. This fully furnished first floor unit offers three bedrooms, a large eat in kitchen, a formal dining room, and a beautiful, bright living room. Hardwood floors throughout. The primary bedroom features a private turret overlooking Spring Street. Laundry in unit. One garage space and guest parking pass. Storage for bicycles in basement or garage.

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
$808/mo

Real estate (PITI + HOA + PMI)
$125
Principal + interest$45
Property tax + insurance$77
PMI / 2nd mortgage$3
Utilities
$937
Heating + cooling$322
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$808/mo TLC
Budget$5,000/mo
Remaining after TLC$4,192/mo
Purchase price
$7,000
Down payment
$350 (5%)
Loan amount
$6,650
APR
7.19%

Quick facts

Type
Multi Family
Style
Colonial
Year built
1843
Lot size
0.1 ac
Stories
1
Heating
Oil, Forced Water
Cooling
Window Unit(s)
Water
Connected
HOA
Annual tax
MLS #
1358027
County
Newport

At a glance

Fireplace
Basement
Garage (1)
Dishwasher

Home features

Appliances
DishwasherDryerExhaust FanRange HoodOven/RangeRefrigeratorWasher
Interior
Walls: Dry WallPlasterInsulation: Unknown
Exterior
DeckPatioPorchScreened Pch/Patio/Dck/Brzwy
Parking
DetachedAssigned
Fireplace
Marble
Flooring
Ceramic Tile, Hardwood, Laminate
Sewer
Connected

Lot features

Corner Lot, Fenced

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

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RI & State Wide MLS

Listing information last refreshed 5/1/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

216 Spring #1 · Newport — $7,000 · Certihomes