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104 Mill Street Newport

$3,020,000
7 4.1 4,336 sq ft

The Property

This three-parcel residential property with unique development potential sits in the heart of Newport’s Historic Hill district, virtually across the street from Touro Park and the Old Stone Mill. It features an authentic two-and-a-half-story red-brick colonial with a private driveway, separate accommodations in a renovated carriage house, and a detached four-car garage. Few locations in this exclusive neighborhood provide such an appealing off-street presence, a self-contained, estate-style compound combining total privacy with abundant open space. The main house is a charming blend of circa-1730 timber-frame construction faced in red brick, with a newer wood-shingled addition built in 1981 to the rear.

It features five bedrooms, three full baths upstairs and one half-bath down, original wide-board pine floors, living room and dining room both with fireplaces, and an eat-in kitchen with its own fireplace. A separate carriage house was renovated in 1978 and converted into a two-story unit with a living room and built-in kitchen on the first floor, and two bedrooms with a full bath and washer/dryer upstairs. A freestanding four-car garage completes the building inventory. Consisting of three parcels on nearly half an acre of R-3 residential real estate, this gem has development potential above and beyond its suitability for private ownership. A worthy investment at every level.

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Listing Details

MLS Number

1335843

Lot Size:

0.41 acres

Features

  • Basement: Full
  • Brick
  • Shingles
  • Fireplace: Brick,Stone
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Garage: Detached, Door Opener
  • Fenced
  • Out Building
  • Paved Driveway
  • Private Compound
  • Type: Colonial,Cottage,Historic
  • Year Built: 1730
  • Water Amenities: Walk to Fresh Water, Walk to Salt Water, Walk To Water

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today41-94.1% decrease in inventory
    New on Market *234.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$821.27$62 increase in List Price/Sq.Ft.
    Avg. Sale Price *$937,146$602,687 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.12%6.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$657.14$6 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6320 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Gustave White Sotheby's Realty

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