NOT LISTED FOR SALE

12 Carroll Ave Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $871,000 - $1,330,000

4 Beds
2.5 Baths
2,023 Sq Ft
$568/Sq Ft Est. Value

Last Sold May 25, 2018

Last sale price $538,000 $266 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $6,688/month

38 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Laundry Room
  • Workshop
  • Bathtub with Shower
  • Hot Water Heating System

About This Home

As of May 2018

Downtown multi-family a short walk to Thames and right around the corner from Morton Park. Located in the highly desired Yachting Village and seasonal rental market, this property offers a great opportunity to investors or owner occupying buyers. Live in the large unit on the first and second floor and rent out the 2nd unit on the third floor! The large unit has a layout similar to a single family home with private front and rear entrances, front porch, 3 large bedrooms on the second floor, 1.5 baths, and spacious fenced in back yard with shed and outdoor shower! The third floor offers a 1 bed unit with walk up along the side of the building. A turn key multi-family with tenants in place until June. Move in for the summer or rent the home for top dollar to summer tenants! Not in a flood zone!

Last Agent to Sell the Property

Robert Swift

Edge Realty RI License #RES.0040245 Listed on: 03/17/2018

Last Buyer's Agent

Stephanie Guinan

RE/MAX Profnl. Newport, Inc. License #RES.0014529

RE/MAX Profnl. Newport, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,315

Year Built

  • Built in 1900

Lot Details

  • 3,243 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,023 Sq Ft Home
  • 3-Story Property
  • Workshop
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 122
  • Assessor Parcel Number 12CARROLLAVNEWP

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Fifth Ward/Yachting Village Subdivision

Building Details

  • Operating Expense $3,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,315

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Subdivision Name: Fifth Ward/Yachting Village
  • Above Grade Finished Sq Ft: 2023.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Common Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Workshop
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ 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: 3243.0
  • Parcel #: 12CARROLLAVNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3800.0

Tax Info

  • Tax Annual Amount: 5315.0
  • Tax Lot: 122
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2018
Closed on
May 25, 2018
Sold by
Maxwell Henry W and Maxwell Erin L
Bought by
Garramone Joseph W and Burt Lindsey J
Seller's Agent
Robert Swift
Edge Realty RI
Buyer's Agent
Stephanie Guinan
RE/MAX Profnl. Newport, Inc.
List Price
$569,000
Sold Price
$538,000
Premium/Discount to List
-$31,000
-5.45%
Current Estimated Value
$1,149,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,638
Avg. Annual Appreciation
10.65%
Original Mortgage
$403,500
Outstanding Balance
$347,427
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$802,211

Purchase Details

Closed on
Mar 8, 2010
Sold by
Bove 3Rd Michael J
Bought by
Maxwell Henry W and Maxwell Erin Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2005
Sold by
Kirwin Ryan J and Kirwin Kelli S
Bought by
Bore 3Rd Michael J

Purchase Details

Closed on
Jan 7, 2002
Sold by
Kinsella Daniel J and Kinsella Lisa
Bought by
Kirwin Ryan J and Kirwin Kelli

Purchase Details

Closed on
Dec 23, 1999
Sold by
Kinsella Joanne F
Bought by
Kinsella Lisa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Garramone Joseph W $538,000 --
Maxwell Henry W $410,000 --
Bore 3Rd Michael J $489,000 --
Kirwin Ryan J $279,000 --
Kinsella Lisa $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garramone Joseph W $403,500
Previous Owner Kinsella Lisa $304,500
Previous Owner Kinsella Lisa $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2018 05/25/18 Sold $538,000 -5.4% $266 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
03/17/2018 03/17/18 For Sale $569,000 -- $281 / 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 $7,625 $877,600 $368,800 $508,800
2024 $7,214 $877,600 $368,800 $508,800
2023 $5,644 $569,000 $241,100 $327,900
2022 $5,468 $569,000 $241,100 $327,900
2021 $5,309 $569,000 $241,100 $327,900
2020 $4,875 $474,200 $219,400 $254,800
2019 $4,875 $474,200 $219,400 $254,800
2018 $4,737 $474,200 $219,400 $254,800
2017 $4,262 $380,200 $156,900 $223,300
2016 $4,156 $380,200 $156,900 $223,300
2015 $4,057 $380,200 $156,900 $223,300
2014 $4,062 $336,800 $133,400 $203,400
Source: Public Records

Agents Affiliated with this Home

  • Robert Swift

    Seller's Agent in 2018

    Robert Swift

    Edge Realty RI

    (401) 644-9016

    37 Total Sales

    Robert Swift
    Section Image
  • Stephanie Guinan

    Buyer's Agent in 2018

    Stephanie Guinan

    RE/MAX Profnl. Newport, Inc.

    (401) 965-8433

    5 in this area

    19 Total Sales

    Stephanie Guinan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1185251

State-Wide MLS

APN: NEWP-000040-000000-000122

Rhode Island Newport County Newport 02840 Fifth Ward

12 Carroll Ave, Newport, RI

Not Listed for Sale

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