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115 HILLSIDE AV, NEWPORT RI, 02840 $167,500.00

  • Bedrooms: 3
  • Full/Half Baths: 1 Full / 1 Half
  • Garage: 0 Car, None
  • Levels: 1
  • Living Area: 1200
  • MLS#: 953215
  • Municipality: NEWPORT
  • Neighborhood: NEWPORT HEIGHTS
  • Rooms: 4
  • Taxes: 0.0
  • Type: Ranch,Green Construction
  • Year Built: 2008

Cathy Wicks, ABR, SRES, CHMS

Located in beautiful and historic Newport RI these homes were designed to express the essence of Newport itself while displaying the needs and wants of the 21st century.  These 3 bedroom one and a half bath homes have everything one could ask for.  Several of the homes have views of the water as well as of the majestic Aircraft Carriers that mesmerize passers by.  In addition to the beautiful exterior colors and architecture, the interior design is efficient and attractive to today’s homebuyers.

            Newport Collaborative Architects, a world class architecture firm located in Newport, designed the buildings to reflect current needs with high efficiency heating systems and building envelopes.  These Energy Star Rated Homes operate with Low VOC (Volatile Organic Compound) interiors to make living inside healthier than ever before.  The building envelops comprise of blown in cellulose insulation, making the home cozy and energy efficient.  The slab foundation is insulated to keep the home surrounded and warm for the winter months and cool for the summer months. The stainless steel appliances are energy efficient, look great, making cooking inexpensive and fun!

115 Hillside Ave, is 100% Handicapped Assessable. This 1200 sq ft, one level home, was designed to provide accessibility, ease and efficiency.

            The neighborhood is centrally located, just minutes from the Newport Bridge and City of Newport as well as neighboring Middletown residential and business centers.  The convenience of Public Transportation continues the efforts for Green living. Grocery and schools are within 1 mile of the homes to make chores and errands quick and easy.  A huge memorial park is located less than a quarter mile down the street with manicured grounds, playgrounds and plenty of space for soccer and football games.  The Community College of Rhode Island and Newport Little League baseball fields are right around the corner. The US Navy Base is also a neighbor and just minutes away.

            These modern homes are not only unbelievably energy efficient but they’re affordable!!  There are several financial programs available for qualified buyers which now make affordable home ownership for everyone! These homes meet federal requirements in safety and energy efficiency.  With the current program a minimum down payment may be possible, there is closing cost assistance, ability for equity and appreciation and of course, the availability of taking advantage of the recently extended $8,000 Tax Credit!

Innovative programs have brought together world class architects, energy efficient homes and creative financing programs which help enable buyers, and yourself, to purchase a home of their dreams within their budget.

More Property Details
Q: What is leased land? Does the association fee cover the rent to the landowner? How does "leased land" work? Why is this handicap accessible? Was this for elderly living originally?
(submitted on 2/15/2010 9:28:57 PM) Flag this question
A: Hi Leona,
This property is on leased land. The buyer owns the building and pays taxes on that and they pay $ 50.00 per month to lease the land. It is like a lot fee.
The Housing Authority of Newport County owns the land and will lease it out indefinately.
It is a great way to making home ownership affordable.
There are income guidelines which start at $ 44,800 for a family of one and go up to 74,250.00 for a family of 6
If you would like to see the website that explains all of this go to www.valleyaffordable.org.
Please let me know if you have any further questions and if you would like to set up a time to view the property.
Thanks
Cathy
Answered by Cathy Wicks, ABR, SRES, CHMS, 2/16/2010 8:46:12 PM.

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Last Updated: 12/3/2009 9:45:41 AM
Listing provided by: CENTURY 21 Access America

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RIMLS# 953215