$2,850,000
Cedar shingle, wraparound porch, most of an acre of lawn running to the bluff. Five bedrooms, four baths, and a kitchen that was redone in 2016 and does not need touching. It has been listed thirty-four days against a Newport median of twenty-seven, and we know exactly why: it sits in flood zone AE, which puts insurance at roughly $4,900 a year rather than the $1,100 an identical house two streets inland pays. That is $317 a month on top of the payment and about $180,000 off what the market will bear. Priced accordingly.
The specification
Roughly, a month
$18,211a month
- Cash down$570,000
- Principal and interest$14,411
- Property tax$2,612
- Insurance$1,188
- HOA$0
6.5% on a 30-year fixed, property tax at 1.1% and insurance at 0.5% of value a year — the same assumptions the rent-versus-buy tool prints under its answer. Your lender will quote you something else. Nothing here is sent anywhere.
| Bedrooms | 5 |
|---|---|
| Bathrooms | 4 |
| Interior | 4,600 sq ft |
| Lot | 38,000 sq ft |
| Built | 1994 |
| Status | Active |
| Days on market | 34 |
| HOA | None |
| Property tax | $29,820 a year |
| Price per sq ft | $620 |
Three others we would show you.
Same tenure first, then whichever are closest on price. Not an algorithm — there are six.
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