NOT LISTED FOR SALE

17 Summer St Newport, RI 02840

Estimated Value: $983,000 - $1,383,000

5 Beds
3 Baths
5,791 Sq Ft
$193/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $540,000 $93 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,477/month

57 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Corner Lot
  • 0.17 Acre Lot
  • Attic
  • 4-minute walk to Coggeshall Park

About This Home

As of April 2019

This 2-unit building is on the corner of Summer St and Arnold Ave. A quick ride to downtown Newport, the Pell Bridge & Middletown beaches- each unit offers a multitude of amenities. The larger 3-bedroom side is considered the Owner's Unit. Complete with intricately detailed, "Greek Key" hardwood floors, high ceilings and built-in shelving, you enter through a lovely foyer. To the right is the office/library. Straight through the foyer is a dining room that opens up to a living room w/ wood burning fireplace. Galley-style kitchen off the dining room with French doors out to a shared back deck and fenced yard with room for grilling and gardening. Also on the first floor of this unit is a full bathroom with shower stall as well as an over-sized under-stair closet. Upstairs in the larger unit are 3 spacious, sunny bedrooms and a full bath. This unit is heated by oil and has its own electric water heater, young furnace and electrical panel. The second, smaller unit directly next door, offers a quaint living room which leads into a sunny and bright updated kitchen with stainless-steel appliances. Upstairs there are 2 bedrooms and a full bath with shower/tub combo. This unit has electric heat and has its own water heater and electrical panel. Each unit has its own separate front/back entrances as well as separate driveways. Replacement windows throughout. Shared basement with ample storage space. Solid yearly rental history which could increase with TLC/updates!

Last Agent to Sell the Property

Rebecca King

Gustave White Sotheby's Realty License #RES.0035659 Listed on: 01/10/2019

Gustave White Sotheby's Realty

Last Buyer's Agent

John Repoza

Repoza Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,463

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Fixer Upper
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 5,791 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Permanent Attic Stairs
  • Storm Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Porch
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 32
  • Assessor Parcel Number 17SUMMERSTNEWP

Community Details

Overview

  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,463

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Above Grade Finished Sq Ft: 5791.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Clapboard, Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Property Condition: Fixer

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 17SUMMERSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4463.0
  • Tax Lot: 32
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Apr 8, 2019
Sold by
Doyle-Schlegel Meredith
Bought by
Picard Eric M and Petersen Erynn
Seller's Agent
Rebecca King
Gustave White Sotheby's Realty
Buyer's Agent
John Repoza
Repoza Real Estate
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Current Estimated Value
$1,116,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,061
Avg. Annual Appreciation
11.86%
Original Mortgage
$405,000
Outstanding Balance
$356,067
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$759,994
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
Picard Eric M $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Picard Eric M $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2019 04/08/19 Sold $540,000 -9.8% $93 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $599,000 -- $103 / 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 $6,714 $772,700 $245,300 $527,400
2024 $6,352 $772,700 $245,300 $527,400
2023 $5,054 $509,500 $173,400 $336,100
2022 $4,896 $509,500 $173,400 $336,100
2021 $4,754 $509,500 $173,400 $336,100
2020 $4,593 $446,800 $143,000 $303,800
2019 $4,593 $446,800 $143,000 $303,800
2018 $4,464 $446,800 $143,000 $303,800
2017 $3,926 $350,200 $83,600 $266,600
2016 $3,828 $350,200 $83,600 $266,600
2015 $3,737 $350,200 $83,600 $266,600
2014 $3,883 $322,000 $74,800 $247,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1212498

State-Wide MLS

APN: NEWP-000007-000000-000032