NOT LISTED FOR SALE

134 Spring St Unit 136 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,243,173

4 Beds
4 Baths
3,168 Sq Ft
$392/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $1,050,000 $331 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,958/month

30 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Baseboard Heating
  • 1 Fireplace
  • Bathtub with Shower
  • 2-minute walk to Queen Anne Square

About This Home

As of January 2022

A great opportunity to own a corner of Newport's Historic Hill. This mixed use building on the corner of Church St and Spring St has many possibilities! An owner occupied building with the commercial space paying your mortgage or an investment property with the possibility of both short and long term rentals while also keeping an attic apartment for yourself to use. Also, property has a fenced in private side yard with garden, patio and BBQ plus driveway that fits 5 vehicles. Walk to everything and park in your own driveway!

Last Listed By

Teri Degnan

Teri Degnan RE & Consulting License #REC.0015615 Listed on: 12/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,234

Year Built

  • Built in 1704

Lot Details

  • 3,049 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 3,168 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 134SPRINGSTNEWP

Community Details

Overview

  • 3 Units
  • Spring/Downtown Subdivision

Building Details

  • Operating Expense $28,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,234

Year Built

Built in 1704

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Subdivision Name: Spring/Downtown
  • Above Grade Finished Sq Ft: 3168.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1704
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Clapboard
  • Foundation Details: Concrete Perimeter, Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.0
  • Parcel #: 134SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 28100.0

Tax Info

  • Tax Annual Amount: 10234.0
  • Tax Lot: 163
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 31, 2022
Sold by
Mid Center Properties Llc
Bought by
A1 Roofing & Construction
Seller's Agent
Teri Degnan
Teri Degnan RE & Consulting
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$999,000
Sold Price
$1,050,000
Premium/Discount to List
$51,000
5.11%
Total Days on Market
30
Current Estimated Value
$1,243,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,173
Avg. Annual Appreciation
5.74%
Original Mortgage
$600,000
Outstanding Balance
$562,583
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$701,701

Purchase Details

Closed on
Jun 15, 2018
Sold by
Iannone Edward
Bought by
Mid Center Properties

Purchase Details

Listed on
Mar 12, 2015
Closed on
Apr 20, 2015
Sold by
Morris Betty A
Bought by
Iannone Edward
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Diane Dailey
HomeSmart Professionals
List Price
$685,000
Sold Price
$645,000
Premium/Discount to List
-$40,000
-5.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%

Purchase Details

Closed on
Aug 12, 1997
Sold by
Peterson Raymond J and Peterson Gayle
Bought by
Morris Betty Ann

Range of Values:

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Average Value
Not Available
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
A1 Roofing & Construction $1,050,000 None Available
A1 Roofing & Construction $1,050,000 None Available
Mid Center Properties $725,000 --
Mid Center Properties $725,000 --
Iannone Edward $645,000 --
Iannone Edward $645,000 --
Morris Betty Ann $215,000 --
Morris Betty Ann $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A1 Roofing & Construction $600,000
Closed A1 Roofing & Construction $600,000
Previous Owner Morris Betty Ann $151,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $1,050,000 +5.1% $331 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/01/2021 12/01/21 For Sale $999,000 +54.9% $315 / Sq Ft
04/20/2015 04/20/15 Sold $645,000 -5.8% $196 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $685,000 -- $208 / 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 -- $1,181,600 $302,400 $879,200
2023 $0 $747,700 $269,300 $478,400
2022 $0 $747,700 $269,300 $478,400
2021 $0 $747,700 $269,300 $478,400
2020 $0 $652,400 $227,800 $424,600
2019 $0 $652,400 $227,800 $424,600
2018 $0 $652,400 $227,800 $424,600
2017 $0 $518,300 $135,400 $382,900
2016 -- $518,300 $135,400 $382,900
2015 -- $518,300 $135,400 $382,900
2014 -- $470,700 $135,400 $335,300
Source: Public Records

Agents Affiliated with this Home

  • Teri Degnan

    Seller's Agent in 2022

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    7 in this area

    143 Total Sales

    Teri Degnan
    Section Image
  • Chad Kritzas

    Seller's Agent in 2015

    Chad Kritzas

    HomeSmart Professionals

    6 in this area

    226 Total Sales

    Chad Kritzas
    Section Image
  • Diane Dailey

    Buyer's Agent in 2015

    Diane Dailey

    HomeSmart Professionals

    (401) 855-9192

    2 Total Sales

    Diane Dailey
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1298084

State-Wide MLS

APN: NEWP-000024-000000-000163

Rhode Island Newport County Newport 02840 Historic Hill

134 Spring St Unit 136, Newport, RI

Homes for Sale in Newport, RI

This home is located at 134 Spring St Unit 136, Newport, RI 02840 since 01 December 2021 and is currently estimated at $1,243,173, approximately $392 per square foot. This property was built in 1704. 134 Spring St Unit 136 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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