118 Prospect Hill St Newport, RI 02840
Historic Hill NeighborhoodEstimated Value: $4,214,315
4
Beds
3
Baths
3,891
Sq Ft
$1,083/Sq Ft
Est. Value
Highlights
- Marina
- Golf Course Community
- 0.13 Acre Lot
- Water Views
- Solar Power System
- 4-minute walk to Touro Park
About This Home
As of October 2020Redwood Hose Station 8 is unique in every sense. This former fire station saw its last active duty in 1912 and is an incredible piece of Newport history. The stunning renovation features the modern architecture of David Hacin with a focus on green living and a commitment to historic preservation. Situated in the “Heart” of Historic Hill district of Newport, this modern naturally lit oasis offers 3 floors of living with four bedrooms and three bathrooms. Every aspect of Hose Station 8 was thoughtfully designed and meticulously preserved to provide ease of living. Luxurious amenities include a Thyssenkrupp elevator that services all 4 floors, SONOS sound system with individual room controls, 200 amp Tesla electric car charger, solar panels for domestic hot water, Geothermal heating and cooling. In this residence you will enjoy 10-12' ceilings, radiant floors, sustainable woods and a refurbished fire pole that will take you from the second floor straight down to the Club level. Relax on the master floor with track doors that open up to a beautiful, private Ipe deck or wind down in the Insulated Air Tub while watching a movie. Additional features include ADT security, August Smart Lock, Nest Camera System, generator, master bath steam shower plus private guest quarters on the first floor. Redwood Hose Station 8 received the prestigious annual Doris Duke Historic Preservation Award in 2009, the highest compliment for any renovation and restoration in Newport!
Last Listed By
Gustave White Sotheby's Realty License #RES.0040224 Listed on: 05/11/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,160
Year Built
- Built in 1887
Lot Details
- 5,800 Sq Ft Lot
- Security Fence
- Property is zoned R3
Home Design
- Antique Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 3,891 Sq Ft Home
- 4-Story Property
- Skylights
- Thermal Windows
- Living Room
- Dining Room
- Home Office
- Recreation Room
- Storage Room
- Utility Room
- Wood Flooring
- Water Views
- Security System Owned
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient Construction
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Energy-Efficient Insulation
- Energy-Efficient Doors
- Energy-Efficient Thermostat
- Moisture Control
- Ventilation
- Solar Power System
- Solar Water Heater
- Solar Heating System
- Energy-Efficient Hot Water Distribution
Outdoor Features
- Walking Distance to Water
- Deck
Utilities
- Zoned Heating and Cooling System
- Radiant Heating System
- Geothermal Heating and Cooling
- 200+ Amp Service
- Power Generator
- Well
- High-Efficiency Water Heater
Additional Features
- Accessible Elevator Installed
- Property near a hospital
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 118PROSPECTHILLSTNEWP
Community Details
Overview
- Historic Hill Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2020
Closed on
Sep 21, 2020
Sold by
Dewitt C Clemens T
Bought by
Firehouse Station Llc
Seller's Agent
Jessica Chase
Gustave White Sotheby's Realty
Buyer's Agent
Jessica Chase
Gustave White Sotheby's Realty
List Price
$3,495,000
Sold Price
$3,150,000
Premium/Discount to List
-$345,000
-9.87%
Total Days on Market
112
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
$1,064,315
Avg. Annual Appreciation
7.43%
Original Mortgage
$1,999,999
Outstanding Balance
$1,806,801
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,591,953
Purchase Details
Closed on
May 12, 2006
Sold by
Naiss Linda
Bought by
Clemens Dewitt and Clemens Kelly
Purchase Details
Closed on
Nov 15, 1991
Sold by
Smith Patricia
Bought by
Nais Linda
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
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Firehouse Station Llc | $3,150,000 | None Available | |
| Clemens Dewitt | $1,375,000 | -- | |
| Nais Linda | $250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Firehouse Station Llc | $1,999,999 | |
| Previous Owner | Dewitt Clinton Clemens T | $1,141,134 | |
| Previous Owner | Clemens Dewitt C | $2,000,000 | |
| Previous Owner | Nais Linda | $250,000 | |
| Previous Owner | Nais Linda | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2020 10/01/20 | Sold | $3,150,000 | -9.9% | $810 / Sq Ft |
| 09/01/2020 09/01/20 | Pending | -- | -- | -- |
| 05/11/2020 05/11/20 | For Sale | $3,495,000 | -- | $898 / 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 | $36,155 | $4,398,400 | $449,100 | $3,949,300 |
| 2023 | $30,107 | $3,035,000 | $295,700 | $2,739,300 |
| 2022 | $29,166 | $3,035,000 | $295,700 | $2,739,300 |
| 2021 | $28,317 | $3,035,000 | $295,700 | $2,739,300 |
| 2020 | $15,582 | $1,515,800 | $281,200 | $1,234,600 |
| 2019 | $15,264 | $1,484,800 | $281,200 | $1,203,600 |
| 2018 | $14,833 | $1,484,800 | $281,200 | $1,203,600 |
| 2017 | $14,690 | $1,310,400 | $216,200 | $1,094,200 |
| 2016 | $14,323 | $1,310,400 | $216,200 | $1,094,200 |
| 2015 | $13,982 | $1,310,400 | $216,200 | $1,094,200 |
| 2014 | $13,466 | $1,116,600 | $169,000 | $947,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Chase
Seller's Agent in 2020
Jessica Chase
Gustave White Sotheby's Realty
(401) 864-3596
7 in this area
85 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1253403
APN: NEWP-000028-000000-000015
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