NOT LISTED FOR SALE

142 Spring St Unit 146 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $3,583,479

7 Beds
5.5 Baths
7,988 Sq Ft
$449/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $2,536,000 $317 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $20,058/month

69 Days on Market

Highlights

  • Marina
  • 0.15 Acre Lot
  • Cathedral Ceiling
  • Water Views
  • Antique Architecture
  • 2-minute walk to Queen Anne Square

About This Home

As of November 2020

The Telephone Building is an historic building in downtown Newport constructed in the late 19th century in Beaux-Arts style. This iconic, one-of-a-kind property was designed by Boston architects Perkins & Betton, the team behind the famed King Block on Newport's storied Bellevue Avenue. The building's brick and limestone fa ade features dentil molding and a grand Palladian window. The property was sensitively restored and converted into a residential building consisting of a spectacular loft-style owner's unit and various income opportunities, thanks to its location in the General Business zone. The owner's unit is contemporary in feel, yet retains historic elements, abounding in repurposed materials, exposed brick, oversized windows, and artisanal encaustic cement tile inserts. A floating staircase leads from the loft to an intimate rooftop salon that opens to a dramatic deck and green-roof garden overlooking Trinity Church, downtown Newport, and the Newport Bridge and Harbor. This unit lends itself to a live/work lifestyle with a first floor space that is ideal for an at-home office or gym. Just above the three-bedroom, 2.5 bathroom owner's space is a separate and stylish one-bedroom space with roof deck access perfect for extended family or Airbnb income. Finally, there is a two-bedroom first floor apartment with a cool mix of hardwood and polished concrete floors and its own Zen garden nestled in the back of the property, creating an urban oasis.

Last Listed By

Kate Rooney

Gustave White Sotheby's Realty License #RES.0040083 Listed on: 08/04/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,407

Year Built

  • Built in 1893

Lot Details

  • 6,336 Sq Ft Lot
  • Property is zoned GB

Home Design

  • Antique Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 7,988 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights
  • Thermal Windows
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Outdoor Grill

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 190
  • Assessor Parcel Number 142SPRINGSTNEWP

Community Details

Recreation

  • Marina
  • Tennis Courts

Additional Features

  • Historic Hill Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,407

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1455
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 7988.0
  • Architectural Style: Historic/Antique
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1893
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Other
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 7988.0
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: Estimated

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Brick, Masonry
  • Exterior Features: Patio, Barbecue, Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Ductless, Window Unit(s), Wall Unit(s), Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6336.0
  • Parcel #: 142SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 12407.31
  • Tax Lot: 190
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Nov 11, 2020
Sold by
Nalle Albert G and Paulsen Amy J
Bought by
Stark Thomas L and Lynch Tara
Seller's Agent
Kate Rooney
Gustave White Sotheby's Realty
Buyer's Agent
Annie Becker
Lila Delman Real Estate
List Price
$2,995,000
Sold Price
$2,536,000
Premium/Discount to List
-$459,000
-15.33%
Total Days on Market
69
Current Estimated Value
$3,583,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,047,479
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Jul 9, 2010
Sold by
Brennan Guy
Bought by
Nalle Albert G and Paulsen Amy J

Range of Values:

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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
Stark Thomas L $2,536,000 None Available
Nalle Albert G $700,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $2,536,000 -15.3% $317 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $2,995,000 -- $375 / 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 -- $3,134,200 $359,300 $2,774,900
2023 $0 $1,988,400 $320,000 $1,668,400
2022 $0 $1,983,000 $320,000 $1,663,000
2021 $0 $1,983,000 $320,000 $1,663,000
2020 $0 $956,100 $260,000 $696,100
2019 $0 $956,100 $260,000 $696,100
2018 $0 $956,100 $260,000 $696,100
2017 $0 $1,038,900 $158,100 $880,800
2016 -- $1,038,900 $158,100 $880,800
2015 -- $1,011,300 $158,100 $853,200
2014 -- $1,068,400 $158,100 $910,300
Source: Public Records

Agents Affiliated with this Home

  • Kate Rooney

    Seller's Agent in 2020

    Kate Rooney

    Gustave White Sotheby's Realty

    (401) 636-7894

    9 in this area

    62 Total Sales

    Kate Rooney
    Section Image
  • Michelle Drum

    Seller Co-Listing Agent in 2020

    Michelle Drum

    Gustave White Sotheby's Realty

    (401) 265-3423

    11 in this area

    65 Total Sales

    Michelle Drum
    Section Image
  • Annie Becker

    Buyer's Agent in 2020

    Annie Becker

    Lila Delman Real Estate

    (401) 855-1127

    2 in this area

    42 Total Sales

    Annie Becker
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1260615

State-Wide MLS

APN: NEWP-000024-000000-000190

Rhode Island Newport County Newport 02840 Historic Hill

142 Spring St Unit 146, Newport, RI

Homes for Sale in Newport, RI

This home is located at 142 Spring St Unit 146, Newport, RI 02840 since 04 August 2020 and is currently estimated at $3,583,479, approximately $448 per square foot. This property was built in 1893. 142 Spring St Unit 146 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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