NOT LISTED FOR SALE

15 Newport Ave Newport, RI 02840

Estimated Value: $924,961 - $1,202,000

8 Beds
3 Baths
4,615 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $581,000 $126 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,103/month

15 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Porch
  • Tennis Courts
  • Skylights
  • Ductless Heating Or Cooling System

About This Home

As of November 2020

Great opportunity to invest in a three family home w/ steady rental income. Features include front porch, vinyl siding, architectural roof, all 3 units include a AC/heat ductless units, 1st & 2nd floor have a new Navien high efficiency boiler, separate heat/electric, one off street parking spot, and laundry/storage in the basement. First & second floor consists of a living room, eat in kitchen, 3 bedrooms, and a full bath. Third floor has a living room, eat in kitchen, 2 bedrooms, and a full bathroom. Enjoy your spacious backyard for get togethers with family & friends. Short walk to Broadway, Downtown Newport, restaurants, shopping, and easy access to highway.

Last Agent to Sell the Property

David Travers

Keller Williams Coastal License #RES.0041167 Listed on: 10/05/2020

Keller Williams Coastal

Last Buyer's Agent

Jeff Brooks

Hogan Associates Christie's License #RES.0034174

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,669

Year Built

  • Built in 1900

Lot Details

  • 3,920

Home Design

  • Combination Foundation
  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,615 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Thermal Windows

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 1 Parking Space
  • No Garage

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Porch
  • 3,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 15NEWPORTAVNEWP

Community Details

Overview

  • 3 Units
  • Broadway Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts

Building Details

  • Operating Expense $17,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,669

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Broadway
  • Above Grade Finished Sq Ft: 4615.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Skylights, Tub Shower
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Combination, Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 15NEWPORTAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 17500.0

Tax Info

  • Tax Annual Amount: 3669.0
  • Tax Lot: 121
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 3, 2020
Sold by
Puterio Matthew C
Bought by
15 Newport Avenue Llc
Seller's Agent
David Travers
Keller Williams Coastal
Buyer's Agent
Jeff Brooks
Hogan Associates Christie's
List Price
$579,900
Sold Price
$581,000
Premium/Discount to List
$1,100
0.19%
Current Estimated Value
$1,034,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,490
Avg. Annual Appreciation
11.60%
Original Mortgage
$435,750
Outstanding Balance
$390,400
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$588,315

Purchase Details

Listed on
Jun 12, 2014
Closed on
Jan 7, 2015
Sold by
Tornquist Stefan J
Bought by
Puterio Matthew C
Seller's Agent
John Repoza
Residential Properties Ltd.
Buyer's Agent
John Repoza
Repoza Real Estate
List Price
$399,900
Sold Price
$335,000
Premium/Discount to List
-$64,900
-16.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%
Original Mortgage
$301,500
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 2003
Sold by
Sears Lori
Bought by
Tornquist Stephan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1997
Sold by
Sepe James J
Bought by
Sears Lori L
Source: Public Records

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
15 Newport Avenue Llc $581,000 None Available
Puterio Matthew C $335,000 --
Tornquist Stephan $330,000 --
Sears Lori L $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 15 Newport Avenue Llc $435,750
Previous Owner Puterio Matthew $34,732
Previous Owner Puterio Matthew C $315,000
Previous Owner Sears Lori L $280,000
Previous Owner Sears Lori L $301,500
Previous Owner Sears Lori L $264,000
Previous Owner Sears Lori L $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $581,000 +0.2% $126 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $579,900 +73.1% $126 / Sq Ft
01/07/2015 01/07/15 Sold $335,000 -16.2% $121 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
06/12/2014 06/12/14 For Sale $399,900 -- $145 / 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 $5,588 $801,700 $182,700 $619,000
2023 $5,094 $513,500 $118,500 $395,000
2022 $4,935 $513,500 $118,500 $395,000
2021 $4,791 $513,500 $118,500 $395,000
2020 $3,669 $356,900 $97,600 $259,300
2019 $3,669 $356,900 $97,600 $259,300
2018 $3,565 $356,900 $97,600 $259,300
2017 $3,922 $349,900 $75,000 $274,900
2016 $3,824 $349,900 $75,000 $274,900
2015 $3,733 $349,900 $75,000 $274,900
2014 $3,438 $285,100 $67,100 $218,000
Source: Public Records

Agents Affiliated with this Home

  • David Travers

    Seller's Agent in 2020

    David Travers

    Keller Williams Coastal

    (401) 835-5411

    5 in this area

    94 Total Sales

    David Travers
    Section Image
  • Jeff Brooks

    Buyer's Agent in 2020

    Jeff Brooks

    Hogan Associates Christie's

    (401) 680-6588

    11 in this area

    132 Total Sales

    Jeff Brooks
    Section Image

  • J

    Seller's Agent in 2015

    John Repoza

    Residential Properties Ltd.

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1266544

State-Wide MLS

APN: NEWP-000014-000000-000121

Rhode Island Newport County Newport 02840

15 Newport Ave, Newport, RI

This home is located at 15 Newport Ave, Newport, RI 02840 since 05 October 2020 and is currently estimated at $1,034,490, approximately $224 per square foot. This property was built in 1900. 15 Newport Ave is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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