NOT LISTED FOR SALE

1 Cypress St Newport, RI 02840

Estimated Value: $2,496,000 - $2,942,041

4 Beds
4.5 Baths
4,260 Sq Ft
$649/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $2,450,000 $575 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $16,168/month

35 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Spa
  • Marina
  • Water Access
  • 3-minute walk to Hunter Park

About This Home

As of November 2021

Rare Newport Harbor Front luxury home with breathtaking views of the bay, the Newport Bridge and the internationally-known sailing capital of Newport, Rhode Island. This well-appointed and upgraded single family brick home with legal second unit has full amenities including an unusually long deep water dock with landing area and two moorings. This first floor, with its stunning view, has a gourmet kitchen, while the second and third floors enjoy large decks to view the bay. The property includes a two-car garage, a finished basement with a separate entrance, and outside gas grille for entertaining.

Last Agent to Sell the Property

Donald Parsons

ONE Residential License #REB.0018115 Listed on: 09/14/2021

Last Buyer's Agent

Stephanie Tran

RI Properties License #RES.0046188

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,522

Year Built

  • Built in 1926

Lot Details

  • 3,361 Sq Ft Lot
  • Beach Front
  • Property is zoned R10

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Outdoor Features

  • Spa
  • Water Access
  • Walking Distance to Water
  • Mooring
  • Deck
  • Patio

Location

  • Property near a hospital

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 354
  • Assessor Parcel Number 1CYPRESSSTNEWP

Community Details

Overview

  • Newport Harbor Front Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,522

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.0772
  • Subdivision Name: Newport Harbor Front
  • Above Grade Finished Sq Ft: 3512.0
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 4
  • Year Built: 1926
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 748.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cedar Closet(s), Tub Shower, Cable TV
  • Living Area: 4260.0
  • Dining Room Type: Bathroom, Storage Room, Utility Room
  • Stories: 4
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Mooring, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Brick
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Built In, Garage, Garage Door Opener
  • Total Parking Spaces: 4.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air, 1 Unit, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3361.0
  • Parcel #: 1CYPRESSSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 16522.0
  • Tax Lot: 354
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Nov 19, 2021
Sold by
Ferraro Peter and Ferraro John
Bought by
Tran Stephanie and Tran Minh
Seller's Agent
Donald Parsons
ONE Residential
Buyer's Agent
Stephanie Tran
RI Properties
List Price
$2,750,000
Sold Price
$2,450,000
Premium/Discount to List
-$300,000
-10.91%
Current Estimated Value
$2,764,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,010
Avg. Annual Appreciation
3.18%
Original Mortgage
$1,453,550
Outstanding Balance
$1,341,648
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,422,362

Purchase Details

Listed on
Jun 11, 2020
Closed on
Nov 20, 2020
Sold by
Reagan Shannon
Bought by
Ferraro Peter and Ferraro John
Seller's Agent
Michelle Kirby
Gustave White Sotheby's Realty
Buyer's Agent
Michelle Kirby
Gustave White Sotheby's Realty
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.69%
Original Mortgage
$1,320,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 1995
Sold by
Stockdale James B and Stockdale Sybil
Bought by
Reagan Shannon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tran Stephanie $2,076,500 None Available
Ferraro Peter $1,650,000 None Available
Reagan Shannon L $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Stephanie $1,453,550
Previous Owner Ferraro Peter $1,320,000
Previous Owner Reagan Shannon L $300,000
Previous Owner Reagan Shannon L $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $2,450,000 -10.9% $575 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $2,750,000 +66.7% $646 / Sq Ft
11/25/2020 11/25/20 Sold $1,650,000 -2.7% $378 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $1,695,000 -- $388 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,170 $2,530,700 $1,264,900 $1,265,800
2024 $20,798 $2,530,200 $1,264,900 $1,265,300
2023 $15,144 $1,526,600 $744,300 $782,300
2022 $14,671 $1,526,600 $744,300 $782,300
2021 $14,243 $1,526,600 $744,300 $782,300
2020 $15,427 $1,500,700 $870,100 $630,600
2019 $15,427 $1,500,700 $870,100 $630,600
2018 $14,992 $1,500,700 $870,100 $630,600
2017 $12,686 $1,131,700 $601,900 $529,800
2016 $12,369 $1,131,700 $601,900 $529,800
2015 $12,075 $1,131,700 $601,900 $529,800
2014 $11,055 $916,700 $460,300 $456,400
Source: Public Records

Agents Affiliated with this Home

  • Donald Parsons

    Seller's Agent in 2021

    Donald Parsons

    ONE Residential

    (401) 900-1717

    10 Total Sales

    Donald Parsons
    Section Image

  • S

    Buyer's Agent in 2021

    Stephanie Tran

    RI Properties

    Section Image

  • M

    Seller's Agent in 2020

    Michelle Kirby

    Gustave White Sotheby's Realty

    (401) 848-6714

    54 Total Sales

    Michelle Kirby
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1293527

State-Wide MLS

APN: NEWP-000009-000000-000354

Rhode Island Newport County Newport 02840

1 Cypress St, Newport, RI

This home is located at 1 Cypress St, Newport, RI 02840 since 14 September 2021 and is currently estimated at $2,764,010, approximately $648 per square foot. This property was built in 1926. 1 Cypress St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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