16 Dean Ave Newport, RI 02840
Fifth Ward Neighborhood
5
Beds
3.5
Baths
2,098
Sq Ft
2,494
Sq Ft Lot
Highlights
- Wood Flooring
- Porch
- Bathtub with Shower
- 1 Car Detached Garage
- Storm Windows
- Patio
About This Home
As of September 2024Charming investment in Historic Newport. This excellent multifamily is located in the heart of downtown and an ideal retreat for those seeking coastal living.
Situated within the highly sought-after Yachting Village neighborhood, this property boasts close proximity to the renowned shops, restaurants, and attractions that make Newport so special. Step inside to discover a spacious interior filled with natural light, high ceilings, and modern amenities such as stainless steel and black appliances and butcher block counter tops. The living rooms, dining areas, and Island kitchens of both apts, create the perfect space for entertaining guests or relaxing with family. The back patio is great for a morning coffee and the detached garage makes an excellent space for storage, motorcycles, and small cars.
Recent improvements include: new roof (on home and garage), new furnace, new electrical, new plumbing, sanded hardwood floors, new windows, new ceiling fans, upgraded kitchens and bathrooms, new fencing and resealed driveway, new brick walkway laid in backyard.
Last Agent to Sell the Property
William Raveis Inspire License #RES.0034034 Listed on: 05/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,947
Year Built
- Built in 1900
Lot Details
- 2,494 Sq Ft Lot
Parking
- 1 Car Detached Garage
Interior Spaces
- 2,098 Sq Ft Home
- 3-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Home Security
- Storm Windows
- Storm Doors
Outdoor Features
- Patio
- Porch
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Oil Water Heater
Listing and Financial Details
- Tax Lot 153
- Assessor Parcel Number 16DEANAVNEWP
Community Details
Overview
- 2 Buildings
- 2 Units
- Yachting Village Subdivision
Building Details
- Operating Expense $8,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 25, 2024
Closed on
Sep 9, 2024
Sold by
Wann Barrett J and Wann Tina U
Bought by
Shiv Dean Llc
Seller's Agent
Christopher Walker
William Raveis Inspire
Buyer's Agent
Samuel Alba
RE/MAX Innovations
List Price
$895,000
Sold Price
$870,000
Premium/Discount to List
-$25,000
-2.79%
Total Days on Market
32
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,989
Avg. Annual Appreciation
3.53%
Original Mortgage
$525,000
Outstanding Balance
$521,333
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$370,656
Purchase Details
Listed on
Jun 24, 2018
Closed on
Feb 27, 2019
Sold by
Khoury Jacob J and Khoury Maria A
Bought by
Wann Barrett J and Wann Tina U
Seller's Agent
Christopher Walker
William Raveis Inspire
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$515,000
Sold Price
$437,500
Premium/Discount to List
-$77,500
-15.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%
Purchase Details
Closed on
May 28, 2002
Sold by
Collins William K and Anthony Mary E
Bought by
Houry Jacob K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,900
Interest Rate
7.01%
Mortgage Type
Purchase Money Mortgage
Similar Home in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $870,000 | None Available | |
| Warranty Deed | $870,000 | None Available | |
| Warranty Deed | $437,500 | -- | |
| Warranty Deed | $437,500 | -- | |
| Deed | $250,000 | -- | |
| Deed | $250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | Purchase Money Mortgage | |
| Closed | $525,000 | Purchase Money Mortgage | |
| Previous Owner | $327,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $328,100 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $183,900 | No Value Available | |
| Previous Owner | $203,000 | No Value Available | |
| Previous Owner | $199,900 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2024 09/10/24 | Sold | $870,000 | -2.8% | $415 / Sq Ft |
| 06/27/2024 06/27/24 | Pending | -- | -- | -- |
| 05/25/2024 05/25/24 | For Sale | $895,000 | 0.0% | $427 / Sq Ft |
| 09/23/2023 09/23/23 | Rented | $4,600 | 0.0% | -- |
| 09/09/2023 09/09/23 | For Rent | $4,600 | +2.2% | -- |
| 09/28/2022 09/28/22 | Rented | $4,500 | 0.0% | -- |
| 09/08/2022 09/08/22 | For Rent | $4,500 | +9.8% | -- |
| 10/20/2021 10/20/21 | Rented | $4,100 | 0.0% | -- |
| 09/20/2021 09/20/21 | Under Contract | -- | -- | -- |
| 09/02/2021 09/02/21 | For Rent | $4,100 | +5.1% | -- |
| 10/07/2020 10/07/20 | Rented | $3,900 | 0.0% | -- |
| 09/07/2020 09/07/20 | Under Contract | -- | -- | -- |
| 09/02/2020 09/02/20 | For Rent | $3,900 | 0.0% | -- |
| 03/19/2019 03/19/19 | Sold | $437,500 | -15.0% | $114 / Sq Ft |
| 02/17/2019 02/17/19 | Pending | -- | -- | -- |
| 06/24/2018 06/24/18 | For Sale | $515,000 | -- | $134 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $5,798 | $705,400 | $352,700 | $352,700 |
| 2023 | $4,490 | $452,600 | $230,500 | $222,100 |
| 2022 | $4,349 | $452,600 | $230,500 | $222,100 |
| 2021 | $4,223 | $452,600 | $230,500 | $222,100 |
| 2020 | $4,107 | $399,500 | $218,100 | $181,400 |
| 2019 | $4,107 | $399,500 | $218,100 | $181,400 |
| 2018 | $3,991 | $399,500 | $218,100 | $181,400 |
| 2017 | $3,396 | $302,900 | $156,000 | $146,900 |
| 2016 | $3,311 | $302,900 | $156,000 | $146,900 |
| 2015 | $3,232 | $302,900 | $156,000 | $146,900 |
| 2014 | $3,173 | $263,100 | $132,600 | $130,500 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Walker
C
Seller's Agent in 2024
Christopher Walker
William Raveis Inspire
(401) 207-3970
4 in this area
15 Total Sales
-
Arthur Chapman
Seller Co-Listing Agent in 2024
Arthur Chapman
William Raveis Inspire
(401) 640-0807
3 in this area
61 Total Sales
-
Samuel Alba
Buyer's Agent in 2024
Samuel Alba
RE/MAX Innovations
(401) 640-0036
3 in this area
627 Total Sales
-
Amy Brown
A
Buyer's Agent in 2023
Amy Brown
William Raveis Inspire
(401) 829-2278
-
The Hadfield Group
T
Buyer's Agent in 2019
The Hadfield Group
Hogan Associates Christie's
(401) 207-0083
5 in this area
111 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1360042
APN: NEWP-000035-000000-000153
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