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581 Newport Ave, Pawtucket, RI, 02861

4beds
3baths
1,906sqft
$400,000
$210price/sqft
$2,993/moest. monthly cost
$119,720/yrincome needed

About This Home

Priced well below market value! This well-maintained 4-bedroom, 2-bath home with a finished basement is in great condition and offers incredible value for investors or owner-occupants. Minimal work needed, strong upside, and plenty of equity potential. Don't miss this opportunity!

Getting Around

74
WalkingVery Walkable
25
TransitSome Transit
51
BikeBikeable

Schools

5/10
Potter-Burns SchoolGrades K-50.6 mi
5/10
2/10

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Aluminum Siding,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Plumbing (Mixed),Insulation (Walls)
  • Flooring: Hardwood
  • Fireplace features: None
  • Finished area below ground: 700
  • Finished area above ground: 1,206

Heating & Cooling

  • Heating features: Electric,Central Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,206
  • Total interior livable area: 1,906 sqft

Property

Details

  • Parcel number: PAWTM29L0272

Lot

  • Lot size: 5,026 sqft

Parking

  • Total spaces: 4
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$177$2,124
Property Taxes $405$4,860
Electricity $389$4,675
Total$2,993$35,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,617/yr
40% on housing$89,790/yr
45% on housing$79,813/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$210This listing

vs Other Active Listings

Avg $/sqft

ZIP 02861$221
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02861$252
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-25Listed for sale$400,000
2022-05-02Sold$350,000
2013-11-15Sold$143,000
2013-10-16Price change$149,900
2013-10-01Price change$154,900
2013-09-07Listed for sale$159,900
2010-03-30Sold$135,000
2009-10-09Sold$70,000
2009-09-19Price change$70,000
2009-08-15Listed for sale--
2009-07-28Sold$120,000
2003-10-15Sold$160,000
1993-10-01Sold$68,000

For Sale by Agent

AgentDerek Greene
BrokerageThe Greene Realty Group

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