CCertihomes
7 Florence, Newport, RI 02840

$1,495,000

5 beds 4 baths 3,953 sqft Built 1945Active

About this home

Welcome to this charming colonial home located on a tree-lined residential street off of Ruggles Avenue. The main level boasts a spacious, yet manageable floorplan. A formal living room with beautiful natural light invites you either outside to a lovely private oasis or through to an updated kitchen, featuring marble countertops, newer stainless appliances, and excellent storage options. The kitchen effortlessly flows into an inviting dining room but also into a large den, complete with a working wood fireplace, butler’s pantry, first floor bedroom and full bath. Up the main stairway, you will find three nice sized bedrooms that share a full bath. Ascend to the bonus semi-finished attic, offering endless possibilities such as a bunk room, office, or exercise studio. True delight awaits in the primary suite, accessed via its own private stairway. A neutral, peaceful pallet of grays and whites – all freshly painted- greet you as you step into this haven of relaxation. A new custom walk-in closet with laundry adds convenience, while the ensuite bath features a tiled walk-in shower and a generous private covered deck, ideal for enjoying morning coffee. The lower level features a finished basement with a full bath plus flexible space for lounging, work or exercise. Outside, a large bluestone patio beckons for al fresco dining and leisurely gatherings. Equipped with solar panels and air conditioning, this captivating colonial is where charm meets modern luxury in perfect harmony.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$10,521/mo

Real estate (PITI + HOA + PMI)
$9,923
Principal + interest$6,780
Property tax + insurance$2,582
PMI / 2nd mortgage$561
Utilities
$1,883
Heating + cooling$795
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$10,521/mo TLC
Budget$11,021/mo
Remaining after TLC$500/mo
Purchase price
$1,495,000
Down payment
$74,750 (5%)
Loan amount
$1,420,250
APR
4%

Quick facts

Type
Residential
Style
Colonial
Year built
1945
Lot size
0.1928 ac
Stories
0
Heating
Oil, Baseboard, Forced Water, Radiant, Zoned
Cooling
Ductless
Water
Connected
HOA
Annual tax
$13,022
MLS #
1358707
County
Newport

At a glance

Fireplace
Basement
Garage (1)
Dishwasher

Home features

Appliances
Electric Water HeaterDishwasherDryerMicrowaveOven/RangeRefrigeratorWasher
Interior
AtticAttic StairsAttic StorageSkylightStairsWalls: Dry WallPlumbing: Mixed
Exterior
DeckPatio
Parking
Detached
Fireplace
Brick
Flooring
Ceramic Tile, Hardwood, Carpet
Sewer
Connected

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 5/14/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.