1 Elm St Newport, RI 02840
Estimated Value: $1,215,000 - $2,783,849
5
Beds
6
Baths
3,039
Sq Ft
$745/Sq Ft
Est. Value
Highlights
- Marina
- Water Access
- Wood Flooring
- Golf Course Community
- Colonial Architecture
- 4-minute walk to Cardines Field
About This Home
As of November 2023Welcome to 1 Elm Street located in The Point neighborhood of Newport. This exquisite Wing Spooner colonial has been thoughtfully renovated keeping all of its historic charm while adding today's modern conveniences. From the moment you enter through the mahogany front door, you immediately appreciate the fine attention to detail throughout. The main level includes a formal living space with custom millwork and a wood-burning fireplace, a family room with a built-in media cabinet, and a well-appointed kitchen that showcases soapstone countertops & high-grade appliances. Adjoining the kitchen is the dining area which hosts a one of a kind brick beehive fireplace. Just off the dining area is the dry bar complete with a beverage refrigerator and custom millwork. On the 2nd floor is the first master bedroom including a fireplace and en-suite. Opposite the master suite is a second bedroom with a fireplace & en-suite. Finishing off the 2nd floor is a charming family room which has extensive millwork, a fireplace, a half bath/laundry room & office. The 3rd floor includes 3 additional bedrooms & 2 full bathrooms. The second master suite is a light-filled charming getaway with a skylight, custom shelving, exposed beams, and en-suite. After you've taken in the beauty of the interior, take a stroll through the backyard where you will find a thoughtful and mature landscape design including an 8'x8' shed, pergola, irrigation system, and bluestone/brick patio.
Last Agent to Sell the Property
Edge Realty RI License #RES.0043385 Listed on: 07/21/2023
Last Buyer's Agent
Elena Wilcox
Lila Delman Real Estate
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,189
Year Built
- Built in 1740
Lot Details
- 5,202 Sq Ft Lot
- Security Fence
- Corner Lot
- Sprinkler System
- Property is zoned R10
Home Design
- Colonial Architecture
- Block Foundation
- Stone Foundation
- Clapboard
- Plaster
Interior Spaces
- 3,039 Sq Ft Home
- 3-Story Property
- Dry Bar
- Skylights
- 5 Fireplaces
- Fireplace Features Masonry
- Storage Room
- Utility Room
- Security System Owned
- Attic
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Cedar Closet
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Interior and Exterior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Outdoor Features
- Water Access
- Walking Distance to Water
- Patio
- Outbuilding
Location
- Property near a hospital
Utilities
- Central Air
- Heating System Uses Gas
- Heating System Uses Wood
- Radiant Heating System
- Baseboard Heating
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 015 / 17
- Assessor Parcel Number 1ELMSTNEWP
Community Details
Overview
- The Point Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2023
Closed on
Nov 27, 2023
Sold by
Elm Street 2023 T and Hovey
Bought by
Cooney Michael P and Cooney Deborah L
Seller's Agent
Jennifer Holland
Edge Realty RI
Buyer's Agent
Elena Wilcox
Lila Delman Real Estate
List Price
$2,900,000
Sold Price
$2,600,000
Premium/Discount to List
-$300,000
-10.34%
Total Days on Market
86
Views
258
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$335,038
Avg. Annual Appreciation
-8.46%
Original Mortgage
$750,000
Outstanding Balance
$738,700
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,526,262
Purchase Details
Closed on
Aug 25, 2023
Sold by
Hovey Joanne
Bought by
Elm Street T and Hovey
Purchase Details
Closed on
Jun 10, 2005
Sold by
Clark David A and Clark Caroline P
Bought by
Grillo Robert T and Grillo Joanne
Purchase Details
Closed on
Jun 24, 1997
Sold by
Fye Robert F and Fye Mary Louise
Bought by
Clark David A and Clark Caroline
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cooney Michael P | $2,600,000 | None Available | |
| Elm Street T | -- | None Available | |
| Grillo Robert T | $925,000 | -- | |
| Clark David A | $229,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cooney Michael P | $750,000 | |
| Previous Owner | Fye Robert F | $80,000 | |
| Previous Owner | Fye Robert F | $52,000 | |
| Previous Owner | Fye Robert F | $202,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2023 11/27/23 | Sold | $2,600,000 | -7.1% | $856 / Sq Ft |
| 10/15/2023 10/15/23 | Pending | -- | -- | -- |
| 08/15/2023 08/15/23 | Price Changed | $2,800,000 | -3.4% | $921 / Sq Ft |
| 07/21/2023 07/21/23 | For Sale | $2,900,000 | -- | $954 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $18,677 | $2,272,200 | $602,100 | $1,670,100 |
| 2023 | $13,795 | $1,390,600 | $343,200 | $1,047,400 |
| 2022 | $13,364 | $1,390,600 | $343,200 | $1,047,400 |
| 2021 | $12,974 | $1,390,600 | $343,200 | $1,047,400 |
| 2020 | $11,287 | $1,098,000 | $288,300 | $809,700 |
| 2019 | $11,287 | $1,098,000 | $288,300 | $809,700 |
| 2018 | $10,969 | $1,098,000 | $288,300 | $809,700 |
| 2017 | $9,702 | $865,500 | $161,300 | $704,200 |
| 2016 | $9,460 | $865,500 | $161,300 | $704,200 |
| 2015 | $9,235 | $865,500 | $161,300 | $704,200 |
| 2014 | $10,110 | $838,300 | $137,100 | $701,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Holland
J
Seller's Agent in 2023
Jennifer Holland
Edge Realty RI
(513) 746-9830
1 in this area
7 Total Sales
-
E
Buyer's Agent in 2023
Elena Wilcox
Lila Delman Real Estate
Map
Source: State-Wide MLS
MLS Number: 1339599
APN: NEWP-000017-000000-000015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Nearby Homes
- 12 Poplar St
- 31 Coddington St Unit 24
- 31 Coddington St Unit 13
- 51 Poplar St Unit 1L
- 51 Poplar St Unit 1R
- 51 Poplar St Unit 2
- 45 Burnside Ave
- 35 Elm St Unit 2
- 35 Second St
- 42 Second St
- 12 Callender Ave
- 35 Marsh St Unit 2
- 33 Marsh St Unit 1
- 33 Marsh St
- 63 Third St
- 10 Bull St
- 53 Warner St
- 74 Third St
- 12 Mount Vernon St Unit 5
- 208 America