Seller's Agent in 2023
Alyce Wright
Compass / Lila Delman Compass
(401) 662-7993
5 in this area
80 Total Sales
12 Elm St Unit 7 Newport, RI 02840
Estimated Value: $1,073,000 - $1,218,000
2
Beds
2
Baths
1,480
Sq Ft
$778/Sq Ft
Est. Value
Highlights
- Marina
- Cathedral Ceiling
- Furnished
- Marble Flooring
- Attic
- 4-minute walk to Cardines Field
About This Home
As of December 2023Welcome to this fully renovated, elegant condo in the heart of Newport's historic Point section within walking distance to Newport Harbor and the vibrant shops and restaurants of Bowen's & Bannister's Wharves. This impeccable townhouse-style residence, located within the historic (c 1891) Potter School, which was transformed into 7 luxury condos in 2004, offers the perfect blend of historic charm and modern convenience. Step inside and be greeted by the dramatic living room, featuring soaring 16 ft ceilings, a cozy gas fireplace, and an open-plan dining area and kitchen. The 7 ft windows flood the space with natural light and offer southwest exposures, creating a bright and inviting atmosphere. The 1st floor boasts hardwood floors throughout, as well as a convenient bedroom and adjacent full bathroom. On the 2nd level, there is an ensuite primary bedroom and a den, perfect for relaxation or use as a home office. The Seller has made numerous tasteful upgrades to the kitchen, including quartz countertops, a tile backsplash, and various appliances, including a wine refrigerator. The bathrooms have been enhanced with luxurious designer wallpaper and marble tile flooring. The Seller has made numerous additional upgrades detailed in the attached list. The building offers an elevator for easy access and a communal outside patio and grilling area. The unit comes with 2 parking spaces & a storage area. Come experience the luxury and charm that awaits you in this remarkable residence!
Last Listed By
Compass / Lila Delman Compass License #RES.0033781 Listed on: 09/26/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,150
Year Built
- Built in 1891
HOA Fees
- $570 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Stone Foundation
- Masonry
Interior Spaces
- 1,480 Sq Ft Home
- 2-Story Property
- Furnished
- Cathedral Ceiling
- Skylights
- Gas Fireplace
- Storage Room
- Intercom
- Attic
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Marble
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Driveway
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Water Heater
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Walking Distance to Water
- Property near a hospital
Listing and Financial Details
- Legal Lot and Block 029 / 07
- Assessor Parcel Number 12ELMST7NEWP
Community Details
Overview
- Association fees include ground maintenance, parking, snow removal
- 7 Units
- The Point Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
- Community Storage Space
Recreation
- Marina
- Recreation Facilities
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 26, 2023
Closed on
Dec 1, 2023
Sold by
Scavone Alison P
Bought by
Connerney Paula M
Seller's Agent
Alyce Wright
Compass / Lila Delman Compass
Buyer's Agent
Kimberly Fleming
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Total Days on Market
70
Views
166
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
$1,749
Avg. Annual Appreciation
0.11%
Purchase Details
Closed on
Jan 12, 2018
Sold by
Scavone Alison P
Bought by
Alison P Scavone Ret and Scavone
Purchase Details
Listed on
Mar 23, 2014
Closed on
Oct 1, 2014
Sold by
Kalberer Patricia F
Bought by
Scavone Alison P
Seller's Agent
Christie Creamer
R.D. Denelle And Company Inc.
Buyer's Agent
Alyce Wright
Compass / Lila Delman Compass
List Price
$559,000
Sold Price
$520,000
Premium/Discount to List
-$39,000
-6.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Purchase Details
Closed on
Aug 30, 2013
Sold by
Wellman Sally and Wellman Todd
Bought by
Kalberer Patricia F
Purchase Details
Closed on
Aug 31, 2004
Sold by
Potter School Prtnr Ll
Bought by
Kalberer Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,250
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Connerney Paula M | $1,150,000 | None Available | |
| Alison P Scavone Ret | -- | -- | |
| Scavone Alison P | $520,000 | -- | |
| Kalberer Patricia F | -- | -- | |
| Kalberer Patricia | $483,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kalberer Patricia | $362,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2023 12/11/23 | Sold | $1,150,000 | -3.8% | $777 / Sq Ft |
| 12/06/2023 12/06/23 | Pending | -- | -- | -- |
| 09/26/2023 09/26/23 | For Sale | $1,195,000 | +129.8% | $807 / Sq Ft |
| 10/01/2014 10/01/14 | Sold | $520,000 | -7.0% | $347 / Sq Ft |
| 09/01/2014 09/01/14 | Pending | -- | -- | -- |
| 03/23/2014 03/23/14 | For Sale | $559,000 | -- | $373 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $7,438 | $1,067,200 | $0 | $1,067,200 |
| 2023 | $5,582 | $562,700 | $0 | $562,700 |
| 2022 | $5,408 | $562,700 | $0 | $562,700 |
| 2021 | $5,250 | $562,700 | $0 | $562,700 |
| 2020 | $5,088 | $494,900 | $0 | $494,900 |
| 2019 | $5,088 | $494,900 | $0 | $494,900 |
| 2018 | $4,944 | $494,900 | $0 | $494,900 |
| 2017 | $5,548 | $494,900 | $0 | $494,900 |
| 2016 | $5,409 | $494,900 | $0 | $494,900 |
| 2015 | $5,281 | $494,900 | $0 | $494,900 |
| 2014 | $6,116 | $507,100 | $0 | $507,100 |
Source: Public Records
Agents Affiliated with this Home
-
Alyce Wright
-
Kimberly Fleming
Buyer's Agent in 2023
Kimberly Fleming
Gustave White Sotheby's Realty
(401) 935-9075
9 in this area
51 Total Sales
-
Christie Creamer
C
Seller's Agent in 2014
Christie Creamer
R.D. Denelle And Company Inc.
(401) 573-1633
15 Total Sales
Map
Similar Homes in Newport, RI
Source: State-Wide MLS
MLS Number: 1344625
APN: NEWP-000017-000029-000007
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