$645,000
SOLD APR 20, 2015
4 Beds
4 Baths
3,287 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

6% Below List Price

8 Days on Market

Highlights

  • Water Views
  • 2 Fireplaces
  • Storm Windows
  • Wood Flooring
  • Walking Distance to Water
  • 2-minute walk to Queen Anne Square

About This Home

As of January 2022

Rare offering in historic downtown Newport! Consists of a large storefront on high traffic Spring St & 2 apts. Can be used as a B & B! Excellent opportunity w over 3200 sq' of space & parking with in walking distance to all shopping & restaurants.

Last Agent to Sell the Property

Chad Kritzas

HomeSmart Professionals Listed on: 03/12/2015

Last Buyer's Agent

Diane Dailey

HomeSmart Professionals License #REB.0016629

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,822

Year Built

  • Built in 1704

Lot Details

  • 3,049 Sq Ft Lot
  • Fenced

Home Design

  • Shingle Siding
  • Clapboard

Interior Spaces

  • 3,287 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Water Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 5 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 134SPRINGSTNEWP

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,822

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: DOWNTOWN
  • Above Grade Finished Sq Ft: 3287.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1704
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Cable TV
  • Living Area: 3287.0
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Shingle Siding
  • Exterior Features: Patio
  • Foundation Details: See Remarks
  • Patio And Porch Features: Patio

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: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3049.0
  • Parcel #: 134SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6822.0
  • Tax Lot: 163
  • Tax Year: 2015

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%
Current Estimated Value
$1,344,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,429
Avg. Annual Appreciation
4.93%
Original Mortgage
$600,000
Outstanding Balance
$560,396
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$682,777

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
6.58%

Purchase Details

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

Similar Homes in the area

  • 43 Garfield St, Newport, RI 02840

    $799,000

    • 4 Beds
    • 4 Baths
    • 2,080 Sq Ft
    • 43 Garfield St
    • Newport, RI

    Great opportunity to own a multi family home on a quiet residential street in Newport! Side by side, townhouse style units are mirror images of each other. Each unit features over 1000 sq feet per unit, 2 bedrooms and 1.5 baths. Eat in kitchen with laundry in unit. Left side has young, natural gas, heating system and ceramic tile floors in updated kitchen. Sliders lead out to private patio

    Shelley Andrade Century 21 Topsail Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,050,000 None Available
Warranty Deed $1,050,000 None Available
Warranty Deed $725,000 --
Warranty Deed $725,000 --
Warranty Deed $645,000 --
Warranty Deed $645,000 --
Warranty Deed $215,000 --
Warranty Deed $215,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 Purchase Money Mortgage
Closed $600,000 Purchase Money Mortgage
Previous Owner $151,000 Commercial
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1089677

State-Wide MLS

APN: NEWP-000024-000000-000163