$700,000
SOLD DEC 8, 2023 RENTED MAR 14, 2025
2 Beds
2 Baths
1,850 Sq Ft
3,975 Sq Ft Lot

Recently Sold

$378 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Walking Distance to Water
  • Window Unit Cooling System
  • Tennis Courts
  • 2 Car Detached Garage
  • 4-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of December 2023

Investor alert! Rare two-family opportunity on one of the sweetest streets in Newport. Up/down in style, both units are equal in square footage each featuring Oak floors, 1 bed with an adjacent west-facing sunroom, a generous living room, an eat-in kitchen, and two means of egress. The unobstructed South and West sides allow each unit to be thoroughly filled with natural light. Separate utilities are in place for each unit with a shared basement laundry area. Ample off-street parking, a 2-car garage, and a sunny fenced-in yard offer storage and outdoor space to enjoy. The second-floor unit is presently vacant and has some updates; the first-floor unit has a long-term month-to-month tenant in place and will need some upgrades. Conveniently located off of Kay Street, a short walk from Braga Park, Easton's Pond, First Beach, and Cliff Walk, and not far from the Navy Base and Newport Bridge. Come take a look!

Last Agent to Sell the Property

Shannon Walker

Hogan Associates Christie's License #RES.0044869 Listed on: 10/27/2023

Last Buyer's Agent

Lahna Son-Cundy

Mott & Chace Sotheby's Intl. License #RES.0047029

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,630

Year Built

  • Built in 1940

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,850 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

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

Additional Features

  • Walking Distance to Water
  • 3,975 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 407
  • Assessor Parcel Number 11WHITWELLPLNEWP

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Restaurant
  • Public Transportation

Recreation

  • Tennis Courts

Building Details

  • Operating Expense $21,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,630

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0913
  • Inclusions: $1,108 Tax Exemption; One bay of garage is presently rented at $35 dollars a month for lawn care of the property
  • Above Grade Finished Sq Ft: 1850.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Electric Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Restaurant, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3975.0
  • Parcel #: 11WHITWELLPLNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 21404.0

Tax Info

  • Tax Annual Amount: 3630.0
  • Tax Lot: 407
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 20, 2023
Sold by
Walsh Russell G and Walsh Jean A
Bought by
Markell Georgia H
Seller's Agent
Shannon Walker
Hogan Associates Christie's
Buyer's Agent
Lahna Son-Cundy
Mott & Chace Sotheby's Intl.
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Total Days on Market
18
Views
42
Current Estimated Value
$821,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,701
Avg. Annual Appreciation
11.44%

Purchase Details

Closed on
Dec 1, 1998
Sold by
Wilkinson James D and Wilkinson Barbara
Bought by
Walsh Russell G and Walsh Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $700,000 None Available
Warranty Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $50,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Rented $2,300 0.0% --
03/04/2025 03/04/25 Under Contract -- -- --
02/19/2025 02/19/25 For Rent $2,300 0.0% --
12/08/2023 12/08/23 Sold $700,000 +0.1% $378 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $699,000 -- $378 / 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 $6,426 $781,800 $325,900 $455,900
2023 $4,739 $477,700 $191,800 $285,900
2022 $4,591 $477,700 $191,800 $285,900
2021 $4,457 $477,700 $191,800 $285,900
2020 $3,980 $387,200 $175,100 $212,100
2019 $3,980 $387,200 $175,100 $212,100
2018 $3,868 $387,200 $175,100 $212,100
2017 $3,597 $320,900 $134,600 $186,300
2016 $3,507 $320,900 $134,600 $186,300
2015 $3,424 $320,900 $134,600 $186,300
2014 $3,260 $270,300 $102,900 $167,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1346992

State-Wide MLS

APN: NEWP-000011-000000-000407