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3 Wabasso Ter, Newport, RI, 02842

4beds
1baths
2,250sqft
$750,000
$333price/sqft
$5,270/moest. monthly cost
$210,800/yrincome needed

About This Home

Unlock the full potential of this 4-bedroom, 1-bath home in desirable Middletown. This single-level home offers a functional layout with a spacious living area, dedicated dining space, and an enclosed sun porch adding extra living space. Set on a quiet dead-end street, the property features an ideal yard for pets, gardening, or outdoor enjoyment, along with a large, dry basement offering excellent storage and future potential. Conveniently located minutes from the shops and restaurants, Newport Vineyards, Easton’s Beach, and downtown Newport. The property offers potential for an Accessory Dwelling Unit (ADU), creating an opportunity for extended living space or rental income, subject to local approvals. A great opportunity for owner-occupants, investors, or those looking to add value in a prime Aquidneck Island location.

Getting Around

46
WalkingCar-Dependent
34
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

8/10
Joseph Gaudet AcademyGrades 4-50.5 mi
6/10
Joseph H. Gaudet SchoolGrades 6-80.5 mi
6/10
Middletown High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1959

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater,Dishwasher,Exhaust Fan,Microwave,Oven/Range

Basement

  • Has basement: Yes
  • Basement: Full,Interior and Exterior,Partially Finished

Bathroom

  • Features: Bath w Tub

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Plumbing (Copper),Plumbing (Galvanized),Plumbing (Mixed),Ceiling Fan(s)
  • Flooring: Ceramic Tile,Hardwood,Laminate,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Brick
  • Fireplace: Yes
  • Finished area below ground: 600
  • Finished area above ground: 1,650

Heating & Cooling

  • Heating features: Oil,Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,650
  • Total interior livable area: 2,250 sqft

Property

Details

  • Parcel number: MIDDM0113B00L21H

Features

  • Patio & porch: Porch

Lot

  • Lot size: 0.46 Acres
  • Features: Cul-De-Sac

Parking

  • Total spaces: 2
  • Parking features: No Garage

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

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Severe Storm

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 $3,792$45,504
Home Insurance *$315$3,780
Property Taxes $705$8,460
Electricity $458$5,498
Total$5,270$63,240
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,685/yr
40% on housing$158,100/yr
45% on housing$140,533/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: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 02842$407
Newport County$549

vs Homes Sold Last Month

Median $/sqft

ZIP 02842$380
Newport County$380

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
2026-04-30Listed for sale$700,000
2025-10-09Listing removed$3,400
2025-07-08Listed for rent$3,400
2025-06-02Listing removed$3,400
2025-05-30Listed for rent$3,400
2022-12-05Listing removed--
2022-10-28Price change$3,200
2022-08-29Listed for rent$3,500
2021-03-01Sold$190,000

For Sale by Agent

AgentFitzpatrick Team
BrokerageRE/MAX Results

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