NOT LISTED FOR SALE

157 Prospect Hill St Unit 2 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $633,000 - $773,000

3 Beds
1 Bath
1,018 Sq Ft
$662/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $350,000 $344 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,933/month

155 Days on Market

Highlights

  • Wood Burning Stove
  • Attic
  • Walking Distance to Water
  • Wood Flooring
  • Tennis Courts
  • 3-minute walk to Touro Park

About This Home

As of December 2019

This beautiful 3 bedroom townhouse condo in the desired Historic Hill section of Newport is a gem. The unique unit is steps from all the restaurants, shops on Bellevue and an easy walk to downtown, the Cliff Walk and the beaches. The 2 level unit has two 1st-floor bedrooms as well as an additional private one on one the 2nd floor. The renovated kitchen features a granite counter, stainless appliances, beautiful chestnut birch cabinets, and a great breakfast bar and opens to a waiting living room. Hardwood floors, custom wainscoting, and leaded glass windows are a great touch of class. A private fenced back patio. High-efficiency gas heat, new Navien furnace/hot water heater. This is a turnkey unit and is perfect as your new home. Or is a great rental investment unit with fantastic seasonal/summer rental possibilities.

Last Agent to Sell the Property

Kevan Campbell

Hogan Associates Christie's License #RES.0034444 Listed on: 06/24/2019

Last Buyer's Agent

Jane Johnson

New England Premier R.E. License #RES.0029257

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,314

Year Built

  • Built in 1931

Home Design

  • Entry on the 1st floor
  • Combination Foundation
  • Clapboard

Interior Spaces

  • 1,018 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Stove
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • No Garage
  • Unassigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Fenced
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 157PROSPECTHILLST2NEWP

Community Details

Overview

  • 3 Units
  • Historic Hill Bellevue Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,314

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Historic Hill Bellevue
  • Above Grade Finished Sq Ft: 1018.0
  • Building Name: 117 Bellevue Condos
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1931
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Skylights, Tub Shower, Cable TV, Wood Burning Stove
  • Living Area: 1018.0
  • Dining Room Type: Laundry
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water, Wood
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 157PROSPECTHILLST2NEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 3313.68
  • Tax Lot: 28
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Dec 4, 2019
Sold by
Beck Sandra A
Bought by
Formaro Danielle and Formaro Steven
Seller's Agent
Kevan Campbell
Hogan Associates Christie's
Buyer's Agent
Jane Johnson
New England Premier R.E.
List Price
$412,000
Sold Price
$350,000
Premium/Discount to List
-$62,000
-15.05%
Current Estimated Value
$673,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,625
Avg. Annual Appreciation
12.06%
Original Mortgage
$280,000
Outstanding Balance
$247,343
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$426,282

Purchase Details

Closed on
Nov 19, 2007
Sold by
Hldgs Bellevue Avenue
Bought by
Beck Sandra A
Source: Public Records

Range of Values:

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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
Formaro Danielle $350,000 None Available
Beck Sandra A $327,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Formaro Danielle $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $350,000 -15.0% $344 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $412,000 -- $405 / 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
2025 $4,337 $499,100 $0 $499,100
2024 $4,103 $499,100 $0 $499,100
2023 $3,295 $332,200 $0 $332,200
2022 $3,192 $332,200 $0 $332,200
2021 $3,099 $332,200 $0 $332,200
2020 $3,039 $295,600 $0 $295,600
2019 $3,039 $295,600 $0 $295,600
2018 $2,953 $295,600 $0 $295,600
2017 $3,314 $295,600 $0 $295,600
2016 $3,231 $295,600 $0 $295,600
2015 $3,154 $295,600 $0 $295,600
2014 $3,165 $262,400 $0 $262,400
Source: Public Records

Agents Affiliated with this Home

  • Kevan Campbell

    Seller's Agent in 2019

    Kevan Campbell

    Hogan Associates Christie's

    (401) 556-9563

    3 in this area

    76 Total Sales

    Kevan Campbell
    Section Image
  • Jane Johnson

    Buyer's Agent in 2019

    Jane Johnson

    New England Premier R.E.

    (401) 864-4039

    20 Total Sales

    Jane Johnson
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1227587

State-Wide MLS

APN: NEWP-000028-000155-000002

Rhode Island Newport County Newport 02840 Historic Hill

157 Prospect Hill St Unit 2, Newport, RI

This home is located at 157 Prospect Hill St Unit 2, Newport, RI 02840 since 24 June 2019 and is currently estimated at $673,625, approximately $661 per square foot. This property was built in 1931. 157 Prospect Hill St Unit 2 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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