NOT LISTED FOR SALE

12 Elm St Unit 2 Newport, RI 02840

Estimated Value: $755,000 - $927,000

2 Beds
2 Baths
1,087 Sq Ft
$767/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Walking Distance to Water
  • Shops
  • Tennis Courts
  • Bathtub with Shower
  • 4-minute walk to Cardines Field

About This Home

As of March 2024

The Potter School, a historic school building, has been coverted into delightful condominiums located in the heart of downtown Newport. This first level condo presents an excellent opportunity to enjoy a short walk to the harbor, local shops, eateries, and the stunning colonial architecture Newport is known for. Featuring 2 bedrooms, 2 bathrooms, an in-unit washer/dryer, air conditioning, and a cozy fireplace, offering comfortable and enjoyable living in desirable Newport. The expansive windows of the former school bathe the interior in natural light, highlighting the beautiful hardwood floors. Secured storage space is available in the basement, and there are 2 designated parking spots for convenience. Additionally, the Newport Naval Base is just minutes away.

Last Agent to Rent the Property

Barbara Jagolinzer

Williams & Stuart Real Estate License #REB.0013531 Listed on: 03/05/2024

Last Renter's Agent

Emma St. Laurent

Lila Delman Compass License #RES.0047526

Lila Delman Compass

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,617

Year Built

  • 1891

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Plaster

Interior Spaces

  • 1,087 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Gas Fireplace
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Property Available on 4/1/24
  • 12 Month Lease Term
  • Assessor Parcel Number 12ELMST2NEWP

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units
  • Newport Harbor/Point Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,617

Year Built

1891

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2024-04-01
  • Security Deposit: 3300.0

Listing Details

  • Prop. Type: Residential Lease
  • Subdivision Name: Newport Harbor/Point
  • Above Grade Finished Sq Ft: 1087.0
  • Building Name: Potter School Association
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Apartment
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1891

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: First Floor Access
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Tub Shower, Elevator, Cable TV
  • Living Area: 1087.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Brick

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hydro Air
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association: Yes
  • Pets Allowed: No

Lot Info

  • Parcel #: 12ELMST2NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2017
Sold by
Marc S Jagolinzer T
Bought by
12 Elm Street Llc
Current Estimated Value
$833,919

Purchase Details

Closed on
Aug 26, 2004
Sold by
Parter School Prtnr Ll
Bought by
Jagolinzel Marc and Jogolinzel Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.02%
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
12 Elm Street Llc -- --
Marc S Jagolinzer T -- --
Jagolinzel Marc $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jagolinzel Marc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Rented $3,300 0.0% --
03/05/2024 03/05/24 For Rent $3,300 +50.0% --
03/30/2016 03/30/16 Rented $2,200 -4.3% --
02/29/2016 02/29/16 Under Contract -- -- --
01/24/2016 01/24/16 For Rent $2,300 0.0% --
09/03/2014 09/03/14 Rented $2,300 0.0% --
08/04/2014 08/04/14 Under Contract -- -- --
07/26/2014 07/26/14 For Rent $2,300 +4.5% --
06/19/2013 06/19/13 Rented $2,200 0.0% --
05/20/2013 05/20/13 Under Contract -- -- --
04/24/2013 04/24/13 For Rent $2,200 -- --
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 $4,617 $643,000 $0 $643,000
2024 $5,285 $643,000 $0 $643,000
2023 $3,977 $400,900 $0 $400,900
2022 $3,853 $400,900 $0 $400,900
2021 $3,740 $400,900 $0 $400,900
2020 $3,815 $371,100 $0 $371,100
2019 $3,815 $371,100 $0 $371,100
2018 $3,707 $371,100 $0 $371,100
2017 $4,160 $371,100 $0 $371,100
2016 $4,056 $371,100 $0 $371,100
2015 $3,960 $371,100 $0 $371,100
2014 $4,585 $380,200 $0 $380,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1354095

State-Wide MLS

APN: NEWP-000017-000029-000002