Seller's Agent in 2019
Kate Schultz
William Raveis Inspire
(401) 266-2242
15 Total Sales
13 Kay St Unit 15 Newport, RI 02840
Kay-Catherine NeighborhoodEstimated Value: $1,651,000 - $2,358,000
8
Beds
3
Baths
4,569
Sq Ft
$423/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Walking Distance to Water
- Bathtub with Shower
- Tennis Courts
- 2 Car Detached Garage
- Patio
About This Home
As of October 2019This "Top of the Hill" three-family is all you could ever want in an income-generating property. It's steps off Bellevue Avenue in Newport, Rhode Island's stunning Kay Street neighborhood, surrounded by perfect specimens of the city's unique architecture. The property consists of the following: two (2) 3-bedroom duplexes and one (1) two-bedroom unit on the third story. All the units have charm and features such as hardwood floors, built-in glass cabinets and period details. Please note: BOTH duplex units each have a bonus room which could be used as small bedroom or sitting room. They both have their own private basements (private stairways leading from inside the apartments to separate basements). The third-story unit has had dormers added so it feels spacious and open. All three units have their own private laundry. WALK TO movie theater, restaurants. STEPS to Thames Street and harbor activities. Live here and make a great, reliable RENTAL INCOME. Owner and long term tenants have transformed this building into a lovely living environment. The front gardens, surrounded by unique stone wall, really comes to life in the heart of Spring/Summer. There's ample parking opportunities too, with a backyard patio and potential off-street parking spots of four or more. With an ADDITIONAL two garage spots, even your visitors are all set.
Last Agent to Sell the Property
William Raveis Inspire License #RES.0033672 Listed on: 05/22/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,472
Year Built
- Built in 1928
Lot Details
- 6,920 Sq Ft Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 4,569 Sq Ft Home
- 3-Story Property
- Utility Room
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
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 Basement Entry
Outdoor Features
- Walking Distance to Water
- Patio
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Oil
- Hot Water Heating System
- Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 126
- Assessor Parcel Number 1315KAYSTNEWP
Community Details
Amenities
- Shops
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Additional Features
- 4 Units
- Operating Expense $6,427
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2019
Closed on
Oct 23, 2019
Sold by
Triste M Coulombe Irt
Bought by
13 Kay Street Llc
Seller's Agent
Kate Schultz
William Raveis Inspire
Buyer's Agent
Jessica Chase
Gustave White Sotheby's Realty
List Price
$1,150,000
Sold Price
$864,430
Premium/Discount to List
-$285,570
-24.83%
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
$1,066,903
Avg. Annual Appreciation
14.06%
Original Mortgage
$942,500
Outstanding Balance
$825,677
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,105,656
Purchase Details
Closed on
Jun 15, 2012
Sold by
Coulombe Mercedes S
Bought by
Coulombe Tr Mercedes S
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 13 Kay Street Llc | $895,000 | -- | |
| Coulombe Tr Mercedes S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 13 Kay Street Llc | $942,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2019 10/23/19 | Sold | $864,430 | -24.8% | $189 / Sq Ft |
| 09/23/2019 09/23/19 | Pending | -- | -- | -- |
| 05/22/2019 05/22/19 | For Sale | $1,150,000 | -- | $252 / 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 |
|---|---|---|---|---|
| 2025 | $14,413 | $1,658,800 | $391,800 | $1,267,000 |
| 2024 | $13,635 | $1,658,800 | $391,800 | $1,267,000 |
| 2023 | $10,898 | $1,098,600 | $214,900 | $883,700 |
| 2022 | $10,558 | $1,098,600 | $214,900 | $883,700 |
| 2021 | $8,497 | $910,700 | $214,900 | $695,800 |
| 2020 | $6,659 | $647,800 | $190,400 | $457,400 |
| 2019 | $6,659 | $647,800 | $190,400 | $457,400 |
| 2018 | $6,472 | $647,800 | $190,400 | $457,400 |
| 2017 | $7,489 | $668,100 | $146,400 | $521,700 |
| 2016 | $7,302 | $668,100 | $146,400 | $521,700 |
| 2015 | $7,129 | $668,100 | $146,400 | $521,700 |
| 2014 | $5,873 | $487,000 | $112,000 | $375,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kate Schultz
-
Jessica Chase
Buyer's Agent in 2019
Jessica Chase
Gustave White Sotheby's Realty
(401) 864-3596
9 in this area
84 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1223977
APN: NEWP-000025-000000-000126
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