NOT LISTED FOR SALE

10 Braman St Newport, RI 02840

Estimated Value: $1,487,000 - $2,016,000

6 Beds
3 Baths
2,405 Sq Ft
$711/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $1,050,000 $437 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $9,871/month

25 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Tennis Courts
  • 0.21 Acre Lot
  • Corner Lot
  • Walking Distance to Water

About This Home

As of August 2021

Perched on the edge of Downtown and the historic Point district, lies this beautiful stucco example - a rarity for Newport. Even rarer is the lush backyard oasis, which proudly features a well-maintained in-ground pool! Three levels of living comprise three separate rental units, each with separate utilities, and parking for every bedroom in the house. This home hasn't seen a vacancy in years, boasting proven seasonal rental success. Rent the apartments separately, or open all doors for a 6 bedroom, 3 bath, 3 kitchen vacation villa. The options are endless for this perfectly located, 'checks-all-the-boxes' Newport stunner.

Last Agent to Sell the Property

Kevin Castner

RE/MAX Results License #RES.0035348 Listed on: 07/02/2021

RE/MAX Results

Co-Listed By

Madeline Andrews

RE/MAX Results License #RES.0042240

RE/MAX Results

Last Buyer's Agent

Madeline Andrews

RE/MAX Results License #RES.0042240

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,338

Year Built

  • Built in 1920

Lot Details

  • 9,094 Sq Ft Lot
  • Fenced
  • Corner Lot

Home Design

  • Combination Foundation
  • Block Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,405 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 7 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • In Ground Pool
  • Walking Distance to Water
  • Patio
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 231
  • Assessor Parcel Number 10BRAMANSTNEWP

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,338

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2088
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Point
  • Above Grade Finished Sq Ft: 2405.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Bathroom, Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Pool Features: In Ground
  • Waterfront Features: Walk to Water
  • Construction Type: Masonry, Other
  • Exterior Features: Porch, Patio, Paved Driveway
  • Foundation Details: Block, Combination, Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9094.0
  • Parcel #: 10BRAMANSTNEWP
  • Zoning: r10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 8338.0
  • Tax Lot: 231
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Aug 27, 2021
Sold by
Decasto Gairad R
Bought by
Sferra Brian L and Sferra Annette G
Seller's Agent
Kevin Castner
RE/MAX Results
Buyer's Agent
Madeline Andrews
RE/MAX Results
List Price
$1,195,000
Sold Price
$1,050,000
Premium/Discount to List
-$145,000
-12.13%
Current Estimated Value
$1,709,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$659,372
Avg. Annual Appreciation
12.18%
Original Mortgage
$730,000
Outstanding Balance
$664,246
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,045,126

Purchase Details

Listed on
Mar 19, 2018
Closed on
Apr 30, 2018
Sold by
Gordon Damon T and Enwright Michael L
Bought by
Decastro Gairad R
Seller's Agent
Timothy Dargan
Teri Degnan RE & Consulting
Buyer's Agent
Kevin Castner
RE/MAX Results
List Price
$659,000
Sold Price
$659,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Original Mortgage
$527,200
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2006
Sold by
Lontoc Antonio and Lontoc Arthur
Bought by
Gordon Damon and Enright Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2002
Sold by
Trybulski Stanley F and Trybulski Franchesca
Bought by
Lontoc Antonio L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 2000
Sold by
Regan Geoffrey A and Regan Janice
Bought by
Trybulski Stanley F and Trybulski Franchesca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1997
Sold by
Moy John E and Moy Madelyn
Bought by
Regan Geoffrey A and Regan Janice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sferra Brian L $1,050,000 None Available
Decastro Gairad R $659,000 --
Gordon Damon $500,000 --
Lontoc Antonio L $320,000 --
Trybulski Stanley F $240,000 --
Regan Geoffrey A $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sferra Brian L $730,000
Previous Owner Decastro Gairad R $527,200
Previous Owner Regan Geoffrey A $365,250
Previous Owner Regan Geoffrey A $375,000
Previous Owner Regan Geoffrey A $224,000
Previous Owner Regan Geoffrey A $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $1,050,000 -12.1% $437 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $1,195,000 0.0% $497 / Sq Ft
10/01/2018 10/01/18 Rented $1,000 -28.6% --
09/01/2018 09/01/18 Under Contract -- -- --
06/20/2018 06/20/18 For Rent $1,400 0.0% --
04/30/2018 04/30/18 Sold $659,000 0.0% $161 / Sq Ft View Prior Sale
03/31/2018 03/31/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $659,000 -- $161 / 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 $10,873 $1,251,300 $755,800 $495,500
2024 $10,286 $1,251,300 $755,800 $495,500
2023 $8,046 $811,100 $430,800 $380,300
2022 $7,795 $811,100 $430,800 $380,300
2021 $7,568 $811,100 $430,800 $380,300
2020 $6,228 $605,800 $332,800 $273,000
2019 $6,228 $605,800 $332,800 $273,000
2018 $6,052 $605,800 $332,800 $273,000
2017 $5,250 $468,300 $186,200 $282,100
2016 $5,119 $468,300 $186,200 $282,100
2015 $4,997 $468,300 $186,200 $282,100
2014 $2,664 $220,900 $0 $220,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1287239

State-Wide MLS

APN: NEWP-000012-000000-000231