$657,000
SOLD OCT 10, 2020

1 Lucas Ave Newport, RI 02840

Fifth Ward Neighborhood
7 Beds
3 Baths
3,692 Sq Ft
2,700 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

1% Above List Price

16 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • Golf Course Community
  • Cathedral Ceiling
  • 4-minute walk to Spencer Park

About This Home

As of October 2020

Fantastic opportunity to own A NEWLY UPDATED property with side by side Townhouse style duplex in the highly desirable Fifth Ward. The location, condition, and rental income make this property a must see. The updates in both units extend from the exterior siding, new landscaping, and new flooring on the interior. Gross rents at 50+k. 1 Lucas is a spacious 4 bedroom 1 bathroom townhouse and 3 Lucas is a roomy 3 bedroom 2 bathroom town home.

Last Agent to Sell the Property

Timothy Dargan

Teri Degnan RE & Consulting License #REB.0019599 Listed on: 08/24/2020

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,248

Year Built

  • Built in 1870

Lot Details

  • 2,700 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Combination Foundation
  • Shingle Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,692 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 374
  • Assessor Parcel Number 1&3LUCASAVNEWP

Community Details

Overview

  • 2 Units
  • 5Th Ward Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Building Details

  • Operating Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,248

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: 5th ward
  • Above Grade Finished Sq Ft: 3692.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1870
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Tub Shower, Furnished
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2700.0
  • Parcel #: 1&3LUCASAVNEWP
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 4248.0
  • Tax Lot: 374
  • Tax Year: 2019

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Rented $3,100 0.0% --
09/25/2022 09/25/22 Under Contract -- -- --
09/13/2022 09/13/22 For Rent $3,100 0.0% --
10/10/2020 10/10/20 Sold $657,000 +1.2% $178 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $649,000 +42.3% $176 / Sq Ft
02/16/2016 02/16/16 Sold $456,000 -0.7% $208 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
11/02/2015 11/02/15 For Sale $459,000 +53.5% $210 / Sq Ft
12/21/2012 12/21/12 Sold $299,000 -11.8% $137 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
10/17/2012 10/17/12 For Sale $339,000 -- $155 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2022

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    48 in this area

    700 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    Joshua Stravato

    Gustave White Sotheby's Realty

    (401) 644-6593

    1 Total Sale

    Section Image

  • T

    Seller's Agent in 2020

    Timothy Dargan

    Teri Degnan RE & Consulting

    (401) 345-7070

    2 in this area

    14 Total Sales

    Section Image

  • K

    Seller's Agent in 2016

    Kyle Luderer

    Keller Williams Coastal

  • Teri Degnan

    Seller's Agent in 2012

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    8 in this area

    143 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1261954

State-Wide MLS

Rhode Island Newport County Newport 02840 Fifth Ward

1 Lucas Ave, Newport, RI

This home is located at 1 Lucas Ave, Newport, RI 02840 and is currently priced at $657,000, approximately $177 per square foot. This property was built in 1870. 1 Lucas Ave is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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