16 Sherman Street Newport

$2,498,888
6 3 3,600 sq ft

The Property

Newly offered at $2,498,888. This home has major income flexibility. The main residence has 4 bedrooms and a private backyard. This Historic Hill home is in a sought after summer season rental area as well as War College in the academic year.

The second residence is a modern two bedroom penthouse with a private patio and coded door for private access with a third floor balcony enjoying a view of the Pell Bridge. The high vaulted ceiling catch light filled space beautifully. This unit was vetted by Stay Newport as a very desirable summer rental. Owners can choose to enjoy either space while earning a tidy income in the other space. There are houses to be admired, and houses made for living. 16 Sherman Street is decidedly both. This handsome 1856 Italianate in Newport’s Historic Hill offers approximately 3,600 square feet, six bedrooms, three full baths and gracious spaces made for gathering. Brick patios and mature landscaping create a private garden for long lunches and summer evenings, while the third-floor balcony offers western views toward the Pell Bridge. The legal two-residence configuration provides exceptional flexibility. Recent improvements include a new roof, updated electrical systems, engineered foundation reinforcement and extensive landscaping. Two off-street parking spaces and EV charging add convenience. From this in-town location, Bellevue Avenue, the harbor, Thames Street, restaurants and shops are within easy reach.

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Listing Details

MLS Number

1424268

Lot Size:

0.10 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Storage Space, Utility
  • Balcony
  • Deck
  • Patio
  • Porch
  • Fireplace: Brick, Marble
  • Heating: Electric, Natural Gas, Baseboard, Central Stream
  • Heating Fuel: Electric, Natural Gas, Baseboard, Central Stream
  • Laundry
  • Local Historic District
  • Year Built: 1854

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today116-90.7% decrease in inventory
    New on Market *48-14.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$782.81$58 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,305,816$449,484 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.49%-1.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$820.02$3 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6639 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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Listed by William Raveis Inspire
Email: Kim.Hebert@raveis.com
Phone: 401-846-3800

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