NOT LISTED FOR SALE

12 Caswell Ave Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $963,000 - $1,107,000

6 Beds
3 Baths
3,999 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $718,000 $180 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,081/month

11 Days on Market

Highlights

  • Wood Flooring
  • Walking Distance to Water
  • Porch
  • Tennis Courts
  • 2 Car Detached Garage
  • Public Transportation

About This Home

As of June 2021

This well located 3-unit property in Newport is a great income generator. Situated on a quiet dead-end street, and only 5 minutes from the beach, one will never have a problem finding tenants who want to live in a very walkable part of town. The property has 3 levels with an apartment on each floor. The first floor apartment has its own entrance and the other two share a separate front entryway. A large front porch provides additional outdoor space for tenants. There is parking for 6 cars as well as a detached garage that provides additional revenue. Heat and electric are paid by the tenants; they currently reimburse the owner for internet use. This property is ideally located for easy access to Newport Hospital, the Naval War College or any of the shops and restaurants on Broadway, Brick Alley or Thames Street. A fantastic find in downtown Newport!

Last Agent to Sell the Property

Justin Gallant

J.E. Group Properties License #REC.0018555 Listed on: 05/07/2021

Last Buyer's Agent

Isabel Ferreira

Century 21 North East License #REB.0018797

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,074

Year Built

  • Built in 1920

Lot Details

  • 4,870 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Aluminum Siding
  • Shingle Siding

Interior Spaces

  • 3,999 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 126
  • Assessor Parcel Number 12CASWELLAVNEWP

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts

Building Details

  • Operating Expense $9,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,074

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1118
  • Above Grade Finished Sq Ft: 3999.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Aluminum Siding, Shingle Siding
  • Exterior Features: Porch, Paved Driveway
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4870.0
  • Parcel #: 12CASWELLAVNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 9056.0

Tax Info

  • Tax Annual Amount: 4074.0
  • Tax Lot: 126
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 18, 2021
Sold by
Caswell Llc
Bought by
Randall Clifford E and Randall Carolyn
Seller's Agent
Justin Gallant
J.E. Group Properties
Buyer's Agent
Isabel Ferreira
Century 21 North East
List Price
$699,900
Sold Price
$718,000
Premium/Discount to List
$18,100
2.59%
Current Estimated Value
$1,023,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,427
Avg. Annual Appreciation
8.78%
Original Mortgage
$300,000
Outstanding Balance
$272,793
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$750,634

Purchase Details

Closed on
Feb 11, 2005
Sold by
Detwiler Devin and Detwiler Tracy
Bought by
Rom Richard and Rom Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Bradley Dana
Bought by
Defwiler Devin A and Detwiler Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,700
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2001
Sold by
Meyer Jeffrey C and Saccucci Carol
Bought by
Bradley Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
7.05%
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 Buyer Sale Price Title Company
Randall Clifford E $720,000 None Available
Rom Richard $470,000 --
Defwiler Devin A $325,000 --
Bradley Dana $213,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randall Clifford E $300,000
Previous Owner Caswell Llc $341,000
Previous Owner Bradley Dana $423,000
Previous Owner Bradley Dana $248,000
Previous Owner Bradley Dana $243,700
Previous Owner Bradley Dana $170,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $718,000 +2.6% $180 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $699,900 -- $175 / 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 $6,192 $753,300 $218,700 $534,600
2023 $4,924 $496,400 $154,600 $341,800
2022 $4,770 $496,400 $154,600 $341,800
2021 $4,631 $496,400 $154,600 $341,800
2020 $3,996 $388,700 $129,800 $258,900
2019 $3,996 $388,700 $129,800 $258,900
2018 $3,883 $388,700 $129,800 $258,900
2017 $3,768 $336,100 $99,900 $236,200
2016 $3,674 $336,100 $99,900 $236,200
2015 $3,586 $336,100 $99,900 $236,200
2014 $3,764 $312,100 $99,900 $212,200
Source: Public Records

Agents Affiliated with this Home

  • Justin Gallant

    Seller's Agent in 2021

    Justin Gallant

    J.E. Group Properties

    (401) 742-0958

    1 in this area

    62 Total Sales

    Justin Gallant
    Section Image
  • Isabel Ferreira

    Buyer's Agent in 2021

    Isabel Ferreira

    Century 21 North East

    (401) 996-9685

    1 in this area

    44 Total Sales

    Isabel Ferreira
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1282051

State-Wide MLS

APN: NEWP-000006-000000-000126

Rhode Island Newport County Newport 02840 Eustis-Easton's Pond

12 Caswell Ave, Newport, RI

This home is located at 12 Caswell Ave, Newport, RI 02840 since 07 May 2021 and is currently estimated at $1,023,427, approximately $255 per square foot. This property was built in 1920. 12 Caswell Ave 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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