NOT LISTED FOR SALE

Estimated Value: $1,002,000 - $1,404,254

2 Beds
2 Baths
2,666 Sq Ft
$452/Sq Ft Est. Value

Last Sold February 08, 2019

Last sale price $660,000 $248 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $7,068/month

168 Days on Market

Highlights

  • Marina
  • Cathedral Ceiling
  • Walking Distance to Water
  • Water Views
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of February 2019

The possibilities are endless with this recently renovated waterview cottage located in Newport's famed Yachting Village! Currently used as a multi-family and just steps away from Newport Harbor & historic Thames Street, enjoy as a Pied-à-Terre with rental income or convert back to a single-family. You'll revel in stepping outside your door to take advantage of all that Newport has to offer - from shopping and boating to dining and vibrant night life. And with off street parking for three cars and detached garage, you'll be stress-free even on the busiest of summer days. Located in the city's Waterfront Business District, 12 Goodwin boasts a strong rental history and recent updates. As a two-family, separate entrances allow for maximum privacy, while the owner's unit enjoys sunset views from a spacious deck and open floor plan. Note that drawings are also available for a single-family conversion. First floor units boasts original hardwood floors, high ceilings, oversized kitchen with dining area and spacious bedroom with en-suite bath while a built-in bookcase provides a dash of old world charm to the living room and office. Upstairs, the owners' unit features a modern updated kitchen with loft-style open floor plan, cathedral ceilings, and second-floor deck.

Last Agent to Sell the Property

Michelle Shevlin

Residential Properties Ltd. License #REB.0018895 Listed on: 07/24/2018

Residential Properties Ltd.

Last Buyer's Agent

Sandi Warner

Warner Realty Group License #REC.0018088

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,798

Year Built

  • Built in 1900

Lot Details

  • 2,614

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Clapboard

Interior Spaces

  • 2,666 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heating System Uses Oil
  • Radiant Heating System
  • 220 Volts
  • 200+ Amp Service
  • Oil Water Heater

Additional Features

  • Walking Distance to Water
  • 2,614 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 244
  • Assessor Parcel Number 12GOODWINSTNEWP

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Yachting Village Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Building Details

  • Operating Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,798

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 2666.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Clapboard
  • Foundation Details: Brick/Mortar, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Oil, Radiant
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Marina, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

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

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 7798.0
  • Tax Lot: 244
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Feb 8, 2019
Sold by
Titus William R and Titus Carolyn C
Bought by
Gullison John R
Seller's Agent
Michelle Shevlin
Residential Properties Ltd.
Buyer's Agent
Sandi Warner
Warner Realty Group
List Price
$749,000
Sold Price
$660,000
Premium/Discount to List
-$89,000
-11.88%
Total Days on Market
168
Current Estimated Value
$1,205,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,064
Avg. Annual Appreciation
9.33%

Purchase Details

Closed on
May 26, 2000
Sold by
Goodwin St Assoc Llc
Bought by
Titus William R and Titus Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,950
Interest Rate
8.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 1997
Sold by
Davis Murray L
Bought by
Goodwin St Assoc Llc
Source: Public Records

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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
Gullison John R $660,000 --
Titus William R $234,500 --
Goodwin St Assoc Llc $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodwin St Assoc Llc $229,064
Previous Owner Goodwin St Assoc Llc $226,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $660,000 -11.9% $248 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
07/24/2018 07/24/18 For Sale $749,000 -- $281 / 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 $8,060 $980,500 $529,300 $451,200
2023 $7,256 $731,500 $346,000 $385,500
2022 $6,015 $625,900 $346,000 $279,900
2021 $5,840 $625,900 $346,000 $279,900
2020 $5,388 $524,100 $272,600 $251,500
2019 $0 $524,100 $272,600 $251,500
2018 $0 $524,100 $272,600 $251,500
2017 $0 $507,900 $195,000 $312,900
2016 -- $507,900 $195,000 $312,900
2015 -- $507,900 $195,000 $312,900
2014 -- $437,100 $165,700 $271,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1198928

State-Wide MLS

APN: NEWP-000035-000000-000244