12 Elm St Unit 1 Newport, RI 02840
2
Beds
2.5
Baths
1,865
Sq Ft
$685/mo
HOA Fee
Highlights
- Wood Flooring
- Bathtub with Shower
- Tankless Water Heater
- Intercom
- Patio
- 4-minute walk to Cardines Field
About This Home
As of January 2025Step into luxury at Unit 1 of Potter School Condominiums, located in the charming and historic Point section of Newport. This exceptional first-floor, single-level residence, once the school's auditorium, boasts its own private and dramatic entrance. Inside, an original archway with soaring 15-foot ceilings elegantly divides the living and dining areas. The largest of seven luxury units, it features central air, gas heat, and two dedicated parking spaces, with additional parking for guests. Basement storage is conveniently accessible via an elevator. The primary and guest bedrooms have been upgraded with new textured wool carpets and offer ample closet space. Each ensuite bath is outfitted with quartz vanities and marble tile flooring, adding to the home's luxurious feel. The kitchen has been beautifully updated with durable quartzite countertops and a white ceramic tile backsplash, perfect for cooking and entertaining. Additional highlights include a gas fireplace, an office nook, a half bath, and access to a shared patio area. Located just a short walk from Washington Square Park, Long Wharf Mall, Brick Market, and Elm Street Pier, this home seamlessly blends historic charm with modern sophistication in one of Newport's most desirable areas. Don't miss the opportunity to own this unique residence!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,550
Year Built
- Built in 1891
HOA Fees
- $685 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,865 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Storage Room
- Intercom
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Assigned Parking
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 100 Amp Service
- Tankless Water Heater
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 029
- Assessor Parcel Number 12ELMST1NEWP
Community Details
Overview
- Association fees include ground maintenance, snow removal, trash
- 7 Units
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2024
Closed on
Jan 27, 2025
Sold by
Hunt David L and Kramer Paula L
Bought by
Wenport Hldg Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Total Days on Market
29
Views
23
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
$1,952
Avg. Annual Appreciation
0.49%
Purchase Details
Listed on
Apr 18, 2018
Closed on
Apr 19, 2019
Sold by
Spencer Richard E and Spencer Mary A
Bought by
Hunt David L and Kramer Paula L
Seller's Agent
Jose Aguon
Gustave White Sotheby's Realty
Buyer's Agent
The Donovan Group
Homes By Connect
List Price
$795,000
Sold Price
$645,000
Premium/Discount to List
-$150,000
-18.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Purchase Details
Closed on
Jul 25, 2008
Sold by
Mcdermott Stephen and Mcdermott Marianne
Bought by
Spencer Richard and Spencer Mary Ann
Map
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Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $1,200,000 | None Available | |
| Condominium Deed | $1,200,000 | None Available | |
| Warranty Deed | $645,000 | -- | |
| Warranty Deed | $645,000 | -- | |
| Deed | $695,000 | -- | |
| Deed | $695,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | $1,200,000 | -5.9% | $643 / Sq Ft |
| 01/02/2025 01/02/25 | Pending | -- | -- | -- |
| 12/04/2024 12/04/24 | For Sale | $1,275,000 | +97.7% | $684 / Sq Ft |
| 04/26/2019 04/26/19 | Sold | $645,000 | -18.9% | $346 / Sq Ft |
| 03/27/2019 03/27/19 | Pending | -- | -- | -- |
| 04/18/2018 04/18/18 | For Sale | $795,000 | 0.0% | $426 / Sq Ft |
| 12/18/2016 12/18/16 | For Rent | $3,300 | 0.0% | -- |
| 12/18/2016 12/18/16 | Rented | $3,300 | -- | -- |
Source: State-Wide MLS
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 | $6,550 | $939,700 | $0 | $939,700 |
| 2023 | $5,929 | $597,700 | $0 | $597,700 |
| 2022 | $5,744 | $597,700 | $0 | $597,700 |
| 2021 | $5,577 | $597,700 | $0 | $597,700 |
| 2020 | $6,579 | $640,000 | $0 | $640,000 |
| 2019 | $7,226 | $702,900 | $0 | $702,900 |
| 2018 | $8,345 | $835,300 | $0 | $835,300 |
| 2017 | $9,364 | $835,300 | $0 | $835,300 |
| 2016 | $9,130 | $835,300 | $0 | $835,300 |
| 2015 | $8,913 | $835,300 | $0 | $835,300 |
| 2014 | $7,396 | $613,300 | $0 | $613,300 |
Source: Public Records
Source: State-Wide MLS
MLS Number: 1374048
APN: NEWP-000017-000029-000001
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