$775,000
SOLD MAY 31, 2024

16 Pond Ave Newport, RI 02840

5 Beds
2 Baths
2,203 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

Highlights

  • Deck
  • Attic
  • Porch
  • Wood Flooring
  • Recreation Facilities
  • 1-minute walk to Equality Park

About This Home

As of May 2024

Entered for comp purposes only.

Last Agent to Sell the Property

Fava + Vieira Group

Compass / Lila Delman Compass Listed on: 05/31/2024

Compass / Lila Delman Compass

Last Buyer's Agent

Fava + Vieira Group

Compass / Lila Delman Compass Listed on: 05/31/2024

Compass / Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,480

Year Built

  • Built in 1897

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Combination Foundation
  • Plaster

Interior Spaces

  • 2,203 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Laundry Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Permanent Attic Stairs

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 053
  • Assessor Parcel Number 16PONDAVNEWP

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,480

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Above Grade Finished Sq Ft: 2203.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1897
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Attic, Permanent Attic Stairs
  • Dining Room Type: Laundry, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster
  • Exterior Features: Deck, Porch
  • Foundation Details: Combination
  • Patio And Porch Features: Deck, Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2178.0
  • Parcel #: 16PONDAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6480.0
  • Tax Lot: 053
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2025
Sold by
Wortham Tammi M and Lopez Gloria
Bought by
Gloria Lopez Ret and Wortham
Total Days on Market
0
Current Estimated Value
$805,966

Purchase Details

Listed on
May 31, 2024
Closed on
May 31, 2024
Sold by
Gibbons Theodore M
Bought by
Wortham Tammi M and Lopez Gloria
Seller's Agent
Fava + Vieira Group
Compass / Lila Delman Compass
Buyer's Agent
Fava + Vieira Group
Compass / Lila Delman Compass
List Price
$775,000
Sold Price
$775,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$581,250
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2020
Sold by
Gibbons Theodore M and Forsberg Linda R
Bought by
Forsberg Linda R

Purchase Details

Closed on
Oct 31, 2012
Sold by
Gibbons Theodore M
Bought by
Forsberg Linda R

Purchase Details

Closed on
Sep 12, 1983
Bought by
Gibbons Theodore M
Source: Public Records

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Range of Values:

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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 -- None Available
Warranty Deed -- None Available
Warranty Deed $775,000 None Available
Warranty Deed $775,000 None Available
Warranty Deed $775,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $581,250 Purchase Money Mortgage
Previous Owner $306,800 No Value Available
Previous Owner $340,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $3,000 -- --
10/01/2024 10/01/24 For Rent $3,000 0.0% --
05/31/2024 05/31/24 Sold $775,000 0.0% $352 / Sq Ft
05/31/2024 05/31/24 For Sale $775,000 -- $352 / 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 $5,372 $653,500 $162,200 $491,300
2023 $4,133 $416,600 $105,200 $311,400
2022 $4,004 $416,600 $105,200 $311,400
2021 $3,887 $416,600 $105,200 $311,400
2020 $3,114 $302,900 $96,100 $206,800
2019 $3,114 $302,900 $96,100 $206,800
2018 $3,026 $302,900 $96,100 $206,800
2017 $2,860 $255,100 $73,900 $181,200
2016 $2,788 $255,100 $73,900 $181,200
2015 $2,722 $255,100 $73,900 $181,200
2014 $2,638 $218,700 $66,100 $152,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1360460

State-Wide MLS

APN: NEWP-000014-000000-000053