NOT LISTED FOR SALE

140 Spring St Unit 7 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $678,291 - $776,000

1 Bed
1 Bath
810 Sq Ft
$897/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $558,500 $690 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,512/month

About This Home

As of April 2021

Beautiful 1 bedroom condo in the heart of Newport!! Tastefully furnished with a newly renovated kitchen, a rooftop deck, and walkability to shopping, nightlife and restaurants makes this the perfect place for your summer getaway!! Located adjacent to the Historic Trinity Church and Queen Anne Square.

Available for August at $7000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Apr 15, 2021
Sold by
Ws Realty Partnership Llc
Bought by
Alexander Spencer and Hershtig Dorit
Seller's Agent
Mike Sweeney
Gustave White Sotheby's Realty
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$595,000
Sold Price
$558,500
Premium/Discount to List
-$36,500
-6.13%
Current Estimated Value
$726,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,073
Avg. Annual Appreciation
6.59%
Original Mortgage
$446,800
Outstanding Balance
$407,750
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$318,823

Purchase Details

Closed on
Aug 9, 2016
Sold by
Rathkey Julie and Rathkey Emma
Bought by
Moehrke Laura

Purchase Details

Listed on
Feb 8, 2012
Closed on
Apr 12, 2012
Sold by
Vangorkom Geoffrey
Bought by
Rathkey Julia and Rathkey Emma
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$220,000
Interest Rate
3.91%

Purchase Details

Closed on
Jun 22, 1999
Sold by
Nicolace John J and Nicolace Joanne D
Bought by
Vangorkom Geoffrey and Vangorkom Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.99%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Alexander Spencer $558,500 None Available
Moehrke Laura $365,000 --
Rathkey Julia $295,000 --
Vangorkom Geoffrey $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Spencer $446,800
Previous Owner Rathkey Julia $220,000
Previous Owner Vangorkom Geoffrey $180,000
Previous Owner Vangorkom Geoffrey $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Rented $6,250 -10.7% --
05/23/2021 05/23/21 Under Contract -- -- --
04/22/2021 04/22/21 For Rent $7,000 0.0% --
04/16/2021 04/16/21 Sold $558,500 -6.1% $690 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $595,000 +101.7% $735 / Sq Ft
04/12/2012 04/12/12 Sold $295,000 -9.2% $364 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $325,000 -- $401 / Sq Ft

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 $5,339 $649,500 $0 $649,500
2023 $4,906 $494,600 $0 $494,600
2022 $4,753 $494,600 $0 $494,600
2021 $4,604 $493,500 $0 $493,500
2020 $4,562 $443,800 $0 $443,800
2019 $4,562 $443,800 $0 $443,800
2018 $4,434 $443,800 $0 $443,800
2017 $3,144 $280,500 $0 $280,500
2016 $3,066 $280,500 $0 $280,500
2015 $2,993 $280,500 $0 $280,500
2014 $1,957 $162,300 $0 $162,300
Source: Public Records

Agents Affiliated with this Home

  • Mike Sweeney

    Seller's Agent in 2021

    Mike Sweeney

    Gustave White Sotheby's Realty

    (401) 862-0164

    6 in this area

    39 Total Sales

    Mike Sweeney
    Section Image
  • Ryan Hazinakis

    Seller's Agent in 2021

    Ryan Hazinakis

    Keller Williams Coastal

    (401) 477-4251

    4 in this area

    148 Total Sales

    Ryan Hazinakis
    Section Image

  • L

    Buyer's Agent in 2021

    Laurel Handel

  • Chad Kritzas

    Seller's Agent in 2012

    Chad Kritzas

    HomeSmart Professionals

    6 in this area

    226 Total Sales

    Chad Kritzas
    Section Image
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Map

Rhode Island Newport County Newport 02840 Historic Hill

140 Spring St Unit 7, Newport, RI

This home is located at 140 Spring St Unit 7, Newport, RI 02840 and is currently estimated at $726,573, approximately $897 per square foot. 140 Spring St Unit 7 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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