$720,000
SOLD NOV 6, 2017

10 Fair St Newport, RI 02840

Historic Hill Neighborhood
5 Beds
5 Baths
2,510 Sq Ft
1,759 Sq Ft Lot

Recently Sold

$287 Per Sq Ft

4% Below List Price

15 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 3-minute walk to Aquidneck Park

About This Home

As of December 2021

Opportunity to own a multi-family in the heart of downtown Newport that is zoned for lucrative weekly rentals. With some updates there is huge potential for an investor to maximize income. Off-street parking and a prime location between Thames St and Spring St, properties like this don't become available often.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 09/21/2017

RE/MAX Results

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results Listed on: 09/21/2017

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,726

Year Built

  • Built in 1850

Lot Details

  • 1,759 Sq Ft Lot

Home Design

  • Clapboard

Interior Spaces

  • 2,510 Sq Ft Home
  • 3-Story Property
  • Dryer

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Finished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 4 Units
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 113
  • Assessor Parcel Number 10FairSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,726

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 2510.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1850
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1759.0
  • Parcel #: 10FairSTNEWP
  • Zoning: LB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5726.0
  • Tax Lot: 113
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Jan 5, 2022
Sold by
Cullen Keith B and Cullen Matthew C
Bought by
Kbc Realty Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,444,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,082
Avg. Annual Appreciation
9.21%
Original Mortgage
$750,000
Outstanding Balance
$697,183
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$689,630

Purchase Details

Listed on
Dec 21, 2021
Closed on
Dec 22, 2021
Sold by
10 Fair Street Llc
Bought by
Cullen Keith B and Cullen Matthew C
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$697,183
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$689,630

Purchase Details

Listed on
Sep 21, 2017
Closed on
Nov 6, 2017
Sold by
Whatmough Bryan and Whatmough Marla
Bought by
1 Fair Street Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$749,900
Sold Price
$720,000
Premium/Discount to List
-$29,900
-3.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%

Purchase Details

Closed on
Nov 20, 1992
Sold by
Baileys Coupt Ptnrshp
Bought by
Whatmough Bryan J and Whatmough Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $1,000,000 None Available
Warranty Deed $1,000,000 None Available
Warranty Deed $720,000 --
Warranty Deed $720,000 --
Warranty Deed $152,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 Purchase Money Mortgage
Closed $750,000 Purchase Money Mortgage
Previous Owner $551,250 Unknown
Previous Owner $121,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $1,000,000 0.0% $398 / Sq Ft
12/21/2021 12/21/21 For Sale $1,000,000 +38.9% $398 / Sq Ft
11/06/2017 11/06/17 Sold $720,000 -4.0% $287 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
09/21/2017 09/21/17 For Sale $749,900 -- $299 / 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
2024 $11,913 $1,138,900 $282,200 $856,700
2023 $12,660 $850,800 $217,000 $633,800
2022 $5,275 $548,900 $217,000 $331,900
2021 $5,093 $545,900 $217,000 $328,900
2020 $6,427 $625,200 $379,100 $246,100
2019 $6,427 $625,200 $379,100 $246,100
2018 $6,246 $625,200 $379,100 $246,100
2017 $5,873 $523,900 $262,900 $261,000
2016 $5,726 $523,900 $262,900 $261,000
2015 $5,590 $523,900 $262,900 $261,000
2014 $4,728 $392,000 $170,900 $221,100
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2021

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    20 in this area

    697 Total Sales

    Joe Fitzpatrick
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1173326

State-Wide MLS

APN: NEWP-000027-000000-000113

Rhode Island Newport County Newport 02840 Historic Hill

10 Fair St, Newport, RI

This home is located at 10 Fair St, Newport, RI 02840 and is currently priced at $720,000, approximately $286 per square foot. This property was built in 1850. 10 Fair 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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