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37 Powel Avenue, Newport, RI 02840
$2,095,000
37 Powel Avenue, Newport, RI 02840View this property at 37 Powel Avenue, Newport, RI 02840
37 Powel AvenueNewportRI02840
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Property Description
Orignially built in 1892 as a guest house for the Naval War College and in 2022 this home underwent an extensive renovation top to bottom with quality materials and thoughtful design. Uniquely equipped to accommodate a variety of living arrangements, the property holds a legal guest-house license and has garnered 100% 5-star reviews providing an excellent opportunity for rental income. Can be purchased as a furnished/turnkey property. Six bedrooms and six bathrooms including a third-floor legal in-law unit that can be repurposed as a guest suite/office. The owners planned this reconstruction as a long term investment and while honoring the home's original aesthetics they introduced state-of-the art features; modern systems include advanced HVAC, new electrical & plumbing systems, Marvin windows, electric car charger, conduit for future solar, and a hotel grade fire suppression system. Gourmet kitchens, elegant bathrooms, bamboo flooring, custom carpentry, second floor laundry, and a fabulous tree house style sitting room. Historical charm radiates through detailed woodwork, antique stained glass windows, restored pocket door, gas fireplaces, and wraparound porch with a balcony. Built for enjoying outdoor living with a fenced backyard, hazelnut trees, and two outdoor showers. Detached 2-car garage has space for bikes and surfboards. Unparalleled flexibility and potential in Newport's vibrant community within walking distance to dining, shopping, and an easy coastal lifestyle.
Full Property Details
Full Property Details for 37 Powel Ave
General
- Price: $2,095,000
- Taxes: $8,515 (2024)
- Status: Active
- Type: Multi-Family
- MLS ID: 1359296
- Updated: 5/29/2024
- Added to Site: 17 day(s) ago
Interior
- Number of Rooms: 13
- Interior Features: Wet Bar, Bathtub, Cathedral Ceiling(s), Tub Shower
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Gas, Masonry
- Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common Area
Additional Information
- Tennis: Yes
Exterior
- Exterior Features: Balcony, Porch, Patio
- Porch/Patio/Deck: Balcony, Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 7
- Parking Features: Detached, Garage
Location
- County: Newport
- Subdivision: Kay/Catherine
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Heat Pump, Zoned
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Drywall, Clapboard, Wood Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Windows: Thermal Windows
- Stories/Levels: 3
- Building Size: 4255
- Finished Total: 4,255 Sq. Ft.
- Finished Above Grnd: 4,255 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1542
- Lot Size (Sq. Ft.): 6,717
- Lot Size: 6717
- Sidewalks: Yes
- Fencing (Description): Fenced
Water Features
- Water Front Desc.: Walk to Water
Financial Considerations
- Tax Amount: $8,515
- Tax Year: 2024
Disclosures and Reports
- Compensation Comments: Compensation excludes seller paid credits/closing costs, repairs, and/or upgrades.
- Inclusions: Special Use Permit on record and attached in MLS. The proposed 2024 residential mil rate is $6.98. The budget will not be set until the end of June. Therefore, the 2024 taxes could adjust accordingly. The town assessment is the new 2024 assessment. Owners run an Airbnb and numbers can be provided. For the drop down regarding gross square footage, the net living square footage was inserted instead for more accuracy.
- Property ID: 37POWELAVNEWP
- Lot Number: 56
Listed by Lila Delman Compass
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Schools
Schools serving 37 Powel Ave
School District:Newport Schools
Rating | Name | Grades | Distance |
---|---|---|---|
15 Wickham Rd, Newport, RI 02840 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 37 Powel Ave
Date
Details
Price
Change
Source
5/17/2024
Listed
$2,095,000
203.62%
MLS
6/29/2018
Sold
$690,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 37 Powel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
$895,200
—
2022
100%
$895,200
20%
2020
100%
$743,400
—
2019
100%
$743,400
—
2018
100%
$743,400
8%
2017
100%
$685,800
—
2016
100%
$685,800
—
2015
100%
$685,800
9%
2014
100%
$626,800
—
2013
—
$626,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 37 Powel Ave
37 Powel Avenue, Newport, RI 02840 (MLS# 1359296) is a Multi-Family property with 2 units containing 6 bedrooms and 6 full bathrooms. 37 Powel Avenue is currently listed for $2,095,000 and was received on May 17, 2024. Want to learn more about 37 Powel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.