Information about homes in Southern Rhode Island and Newport County.

Newport County's Single Family Home Stats for March 2014  

One quick note:  While the market is favoring Buyers in the aggregate (Newport, Jamestown, Middletown, Portsmouth, Tiverton & Little Compton), Middletown moved into Seller territory this month providing a slight advantage to Sellers.  Low inventory and high demand are pushing this metric up in Middletown.  That's a first since the market started  recovering.

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BEFORE

 

Here’s a happy house-flipping story to start your weekend off right. 

Fixer-uppers are not for everyone, but this little gem in Middletown is a Cinderella story worth sharing:

It started with a closing on a sad little house in need of major TLC. It ended 2 months later with a 7-day listing, a full price offer and an exhausted, but happy Seller.

Time and Effort are the life blood of flips. They must look brand new. When they do, people buy them. It’s that simple. If you plan to do it yourself, get ready for some aches and pains. If you do it right, however, the rewards can be great.

Location is key for a successful flip. This one was on the Middletown Newport line near parks, restaurants and coffee shops. Once the location checked…

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Rhode Island's home style preferences are experiencing a major shift.  Smaller homes with authentic period design are rapidly gaining favor over the larger properties favored a decade ago. Buyers want new-old homes that look historic on the outside but contain open spaces, walk-in closets, cooks' kitchens and high efficiency mechanicals on the inside.

21 Mia Court on the Exeter / North Kingstown line is such a home. Completed in 2008 by former historic home owners, this jewel of a house incorporates all the things they loved about their historic farm house in Charlestown.  Wide plank pine floors, exposed beams, hand hewn doors, forged iron hardware and a huge fireplace with beehive oven are classic American Colonial elements.  The arrangement of…

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Bowen's Wharf, Newport, 10/29/12

RI FLOOD INSURANCE UPENDED

Flood risk across the country, particularly in coastal areas like Newport, RI is on the rise.  The Beggert-Waters Act of 2012, resulted in the redrawing of all flood insurance rate maps to reflect current elevated risks.  As a result, some properties that have never needed flood insurance are now in high risk zones, some properties are no longer insurable at all, and flood insurance rates are skyrocketing.

WHY IS THIS HAPPENING?

The Federal Government's flood insurance program has lost $19 billion in recent years. To continue to have a viable flood insurance program, the government plans to make those who have the risk pay for it.  As a first step, all of the flood maps are being…

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Hogan Associates Real Estate has just reduced the price on the Seafare Residences, creating an exceptional opportunity for first time homebuyers to enter the Real Estate market and own a home of their own. Entry-level townhomes start at just $189,000. 

For the empty nester looking to downsize, the newest models will offer much sought after first floor master suites. The newly constructed condominiums feature: garages, central air conditioning, full basements, decks and fenced in patio areas.

 Work on the landscaping has just begun and soon Seafare will feature open green areas and tree lined streets. 

 For more information, please visit: www.seafareliving.com 

 

 

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John Bliss House c. 1680

Historic homes abound in Newport, RI, but the John Bliss House is a real stand out, and it's FOR SALE!

Historic John Bliss House, c 1680, is widely regarded as Newport, RI’s oldest existing home – an architecturally significant Stone Ender Colonial, built by Quakers.  A true Antique! The structures’ signature feather is its Stone Ender Fireplace, a massive focal point of the interior. The Stone Ender Chimney occupies the whole North facing wall protecting the farmhouse from the cold north air. The chimney has 2 FP’s on first floor, and two more on the second floor.  There are two very larges fire places, each  8' wide, and one with a Beehive oven for baking.  These fireplaces, especially the dining room fireplace, would have burned wood 24/7 for…

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Waterfront real estate in Newport County is as good as it gets for summer vacation homes.  For many buyers, however, sticker shock can get in the way.  Don’t lose hope!  Take a step back and consider the advantages of only a water view?  Walking distance to the beach is almost as good, right?  Or maybe you’re just looking for a place to get away.  Here are a few helpful tips to help in your search and get you into a life-enhancing beach home for less!

-Search a bit further from the beaches than you typically would

            Most “beach homes” are on the water or within a ¼ to ½ mile of the beach, but these are in high demand, making them much more expensive.  But if you search just a tad further you can find a much better deal and only have to…

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Bailey's Beach215 Coggeshall Rd. Just 4 doors from Bailey's

Beach houses come in many shapes and sizes in Newport, RI.   Mansions adorn our coastline, condominiums overlook the harbor, and summer cottages line sandy roads leading to Hazards, Gooseberry and Bailey's Beaches off Ocean Drive.  While all offer the promise of lazy days on the shore, few can match the location, condition and charm of this restored bungalow on Almy Pond.

Not only is this newly renovated cottage on a pristine estuarial pond teeming with wild life, it's also just four doors away from Bailey's Beach, one of the most beautiful and exclusive beaches in the Northeast.  One part of Bailey's is a very private club, but the eastern end is a scenic stretch of sand accessible to neighbors by foot or…

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A great 2013 Buying Opportunity in Portsmouth, RI

Everyday RI homebuyers ask, “Should I buy now, or should I wait for a better deal?"  

These days my answer is decisive: “NOW is the time.”  

Coming from a real estate broker, these words can seem like a sales pitch - a canned response suitable for any market.  I am writing today to give you facts to back up my opinion.  I hope, 10 years from now, someone who bought a house after reading this blog will thank me for pushing them over the edge.  I imagine how happy they will be with a 3.5% mortgage on a low purchase price negotiated during one of the strongest buyers' markets of our lifetime.  Ten years down the road they will have significant equity in their home, and this will give them the freedom to…

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Luxurious Ocean Drive Home at 18 Winans Av, Newport, Rhode Island, 02840 - MLS® #1027978

View the video for this incredible ocean view Cape Cod home on Ocean Drive that includes deeded beach rights on a half acre lot.

Get more information about this Ocean Drive home, or feel free to contact us with any questions you may have.

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