$450,000
SOLD NOV 15, 2019
3 Beds
3 Baths
3,516 Sq Ft
1,900 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

18% Below List Price

89 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Baseboard Heating
  • Window Unit Cooling System
  • Tankless Water Heater
  • Wood Siding

About This Home

As of October 2021

Investors take note! Two-family property with off-street parking, and a small garage for your scooters! This home is located downtown, with multiple upgrades: new blown-in insulation, bathrooms, plumbing and electrical. The first unit is a renovated one bedroom one bathroom apartment, and the second is spacious two floor, two bedroom two bathroom, and each unit has an enclosed front porch. Separate laundry units installed in each apartment. Come view this fabulous opportunity in this prime Newport location just off of Thames Street.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 07/18/2019

RE/MAX Results

Last Buyer's Agent

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,087

Year Built

  • Built in 1905

Lot Details

  • 1,900 Sq Ft Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Siding
  • Plaster

Interior Spaces

  • 3,516 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Tankless Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 201
  • Assessor Parcel Number 15DEANAVNEWP

Community Details

Overview

  • 4 Units
  • Yachting Village Subdivision

Building Details

  • Operating Expense $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,087

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 3516.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1905
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Bathtub, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Wood Siding, Other
  • Foundation Details: Brick/Mortar, Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1900.0
  • Parcel #: 15DEANAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 2700.0

Tax Info

  • Tax Annual Amount: 4087.0
  • Tax Lot: 201
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 5, 2021
Sold by
Rowley Justin and Rowley Alison
Bought by
Catino Dena and Catino Anthony
Seller's Agent
Ryan Hazinakis
Keller Williams Coastal
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$550,000
Sold Price
$640,000
Premium/Discount to List
$90,000
16.36%
Current Estimated Value
$866,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,187
Avg. Annual Appreciation
7.32%

Purchase Details

Listed on
Jul 18, 2019
Closed on
Nov 15, 2019
Sold by
Leitao Ian A
Bought by
Rowley Justin and Rowley Alison
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$550,000
Sold Price
$450,000
Premium/Discount to List
-$100,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.25%
Original Mortgage
$360,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2014
Closed on
Jul 9, 2014
Sold by
Shultz James A and Shultz Christine R
Bought by
Leitao Ian A
Seller's Agent
Shannon Horan
RI Real Estate Services
Buyer's Agent
Rebecca King
Gustave White Sotheby's Realty
List Price
$374,500
Sold Price
$350,000
Premium/Discount to List
-$24,500
-6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$350,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2013
Sold by
Shultz James A
Bought by
Shultz James A and Vieira Christine R
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $640,000 None Available
Warranty Deed $450,000 --
Warranty Deed $350,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $360,000 New Conventional
Previous Owner $370,197 Stand Alone Refi Refinance Of Original Loan
Previous Owner $375,000 No Value Available
Previous Owner $350,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2021 10/11/21 Sold $640,000 +16.4% $226 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $550,000 +22.2% $194 / Sq Ft
11/15/2019 11/15/19 Sold $450,000 -18.2% $128 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $550,000 +57.1% $156 / Sq Ft
07/09/2014 07/09/14 Sold $350,000 -6.5% $195 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $374,500 -- $209 / 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 $5,763 $701,100 $336,000 $365,100
2023 $4,484 $452,000 $219,600 $232,400
2022 $4,344 $452,000 $219,600 $232,400
2021 $4,217 $452,000 $219,600 $232,400
2020 $4,206 $409,100 $216,700 $192,400
2019 $4,206 $409,100 $216,700 $192,400
2018 $4,087 $409,100 $216,700 $192,400
2017 $3,630 $323,800 $155,000 $168,800
2016 $3,539 $323,800 $155,000 $168,800
2015 $3,455 $323,800 $155,000 $168,800
2014 $3,395 $281,500 $131,800 $149,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1229850

State-Wide MLS

APN: NEWP-000035-000000-000201