NOT LISTED FOR SALE

12 Cranston Ave Newport, RI 02840

Kay-Catherine Neighborhood

Estimated Value: $864,452 - $1,160,000

8 Beds
3 Baths
4,543 Sq Ft
$225/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $610,000 $134 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,989/month

15 Days on Market

Highlights

  • Marina
  • Thermal Windows
  • Ductless Heating Or Cooling System
  • Wood Flooring
  • Porch
  • 2-minute walk to Congdon Parks

About This Home

As of November 2020

Multi family w/ steady rental income located close to Broadway & Downtown Newport. This 3 family home consists of 1st & 2nd floor having 3 beds, 1 full bathroom, living room, and an eat in kitchen. Third floor has 2 beds, 1 full bathroom, living room, and an eat in kitchen. Additional features include separate heating & electric, ductless AC/heat units on 1st & 2nd floors, 2 new hot water heaters, vinyl siding, coin-op washer/dryer in basement, fenced in yard, shed, and plenty of storage in the basement. Tenants can enjoy the side yard for cookouts w/ family & friends. Short walk to Downtown Newport, restaurants, shopping, entertainment, and easy access to the highway.

Last Agent to Sell the Property

David Travers

Keller Williams Coastal License #RES.0041167 Listed on: 09/28/2020

Keller Williams Coastal

Last Buyer's Agent

David Travers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,198

Year Built

  • Built in 1895

Lot Details

  • 2,614 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,543 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 077
  • Assessor Parcel Number 12CRANSTONAVNEWP

Community Details

Overview

  • 3 Units
  • Broadway/Kay Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Building Details

  • Operating Expense $19,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,198

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: Broadway/Kay
  • Above Grade Finished Sq Ft: 4543.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1895
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Combination
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.0
  • Parcel #: 12CRANSTONAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 19150.0

Tax Info

  • Tax Annual Amount: 4198.0
  • Tax Lot: 077
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2022
Sold by
Stern Donald A and Stern Patricia D
Bought by
Duskpatrol Llc
Current Estimated Value
$1,023,363

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 29, 2016
Sold by
Sola-Pleitez Miguel A and Pleitez Antonia R
Bought by
Puterio Matthew C
Seller's Agent
William Parker Sizeland
Lila Delman Compass
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$407,483
Interest Rate
3.42%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 2000
Sold by
Christopher Mersirna
Bought by
S-Pleitez Miguel A and Pleitez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,491
Interest Rate
7.78%
Source: Public Records

Range of Values:

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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
Duskpatrol Llc -- None Available
Puterio Matthew C $415,000 --
S-Pleitez Miguel A $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Puterio Matthew C $407,483
Previous Owner S-Pleitez Miguel A $325,000
Previous Owner S-Pleitez Miguel A $246,000
Previous Owner S-Pleitez Miguel A $196,049
Previous Owner S-Pleitez Miguel A $188,491
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $610,000 +1.7% $134 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $599,900 +44.6% $132 / Sq Ft
08/26/2016 08/26/16 Sold $415,000 -2.4% $139 / Sq Ft
07/27/2016 07/27/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $425,000 -- $142 / 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 $7,022 $808,100 $194,700 $613,400
2024 $6,643 $808,100 $194,700 $613,400
2023 $5,234 $527,600 $137,600 $390,000
2022 $5,070 $527,600 $137,600 $390,000
2021 $4,923 $527,600 $137,600 $390,000
2020 $4,198 $408,400 $126,800 $281,600
2019 $4,198 $408,400 $126,800 $281,600
2018 $4,080 $408,400 $126,800 $281,600
2017 $4,438 $395,900 $97,500 $298,400
2016 $4,327 $395,900 $97,500 $298,400
2015 $4,224 $395,900 $97,500 $298,400
2014 $3,923 $325,300 $97,500 $227,800
Source: Public Records

Agents Affiliated with this Home

  • David Travers

    Seller's Agent in 2020

    David Travers

    Keller Williams Coastal

    (401) 835-5411

    4 in this area

    95 Total Sales

    David Travers
    Section Image
  • William Parker Sizeland

    Seller's Agent in 2016

    William Parker Sizeland

    Lila Delman Compass

    (401) 862-7428

    5 in this area

    85 Total Sales

    William Parker Sizeland
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2016

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    7 in this area

    138 Total Sales

    Alex Fraioli
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1265872

State-Wide MLS

APN: NEWP-000019-000000-000077

Rhode Island Newport County Newport 02840 Kay-Catherine

12 Cranston Ave, Newport, RI

This home is located at 12 Cranston Ave, Newport, RI 02840 since 28 September 2020 and is currently estimated at $1,023,363, approximately $225 per square foot. This property was built in 1895. 12 Cranston 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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