CCertihomes
162 Rhode Island, Newport, RI 02840

$3,250,000

5 beds 5 baths 4,048 sqft Built 1981Active

About this home

Welcome to Tulipwood, your new five bed, five and a half bath home on a quiet half acre of manicured grounds. This sun-drenched residence, located in the Kay-Catherine neighborhood, one of the most desirable neighborhoods in Newport. Tulipwood is a couple of blocks from First beach, restaurants and downtown. The home has been renovated to offer modern open concept living, maintaining classic charm with reclaimed barn beams throughout. The south facing kitchen, Hardwood flooring, airy family room with marble fireplace and convenient first floor laundry are just some of the recent updates to this over 4000 square-foot home. On the second floor you’ll find two en-suite primary bedrooms as well as guest bedroom, second floor bath and another guest room or office. In addition, the home offers a separate studio or guest space on the first floor well equipped with its own kitchen, living room, bath and bedroom. A great in-law or guest suite option! The lower level features an additional family room, guest space, full bath, and storage. From the first floor, open the picturesque French doors and step onto a mahogany deck, large enough for entertaining. The deck and the back of the home overlook a private yard large enough to install a pool and garage. Truly a hidden gem.

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
$20,061/mo

Real estate (PITI + HOA + PMI)
$20,104
Principal + interest$14,740
Property tax + insurance$4,145
PMI / 2nd mortgage$1,219
Utilities
$1,917
Heating + cooling$812
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$20,061/mo TLC
Budget$20,561/mo
Remaining after TLC$500/mo
Purchase price
$3,250,000
Down payment
$162,500 (5%)
Loan amount
$3,087,500
APR
4%

Quick facts

Type
Residential
Style
Cottage
Year built
1981
Lot size
0.5 ac
Stories
0
Heating
Electric, Oil, Baseboard, Forced Water, Heat Pump, Zoned
Cooling
Heat Pump, Individual Unit
Water
Connected, Municipal, Public
HOA
Annual tax
$13,000
MLS #
1359555
County
Newport

At a glance

Fireplace
Basement
Dishwasher

Home features

Appliances
Gas Water HeaterDishwasherMicrowaveOven/RangeRefrigerator
Interior
SkylightStairsWalls: Dry WallPlumbing: CopperMixedPVCInsulation: CapCeilingWalls
Exterior
DeckPatio
Parking
No Garage
Fireplace
MarbleWood Frame
Flooring
Ceramic Tile, Hardwood, Laminate, Carpet
Sewer
Connected, Public Sewer, Public

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 5/21/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.