NOT LISTED FOR SALE

18 Memorial Blvd W Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,448,621

2 Beds
1 Bath
1,620 Sq Ft
$894/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $1,200,000 $741 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,082/month

17 Days on Market

Highlights

  • Marina
  • Attic
  • Furnished
  • Wood Flooring
  • 2 Fireplaces
  • 3-minute walk to Aquidneck Park

About This Home

As of June 2023

Here is a gorgeous General Business (GB) zoned property currently being utilized as a very lucrative and legal Airbnb that generates exceptional cash flow with fabulous touches throughout and off street parking right in the middle of downtown Newport! This is a special and unique property with several bookings already established for the year! Owner is a licensed real estate broker.

Last Listed By

Kyle Costa

Bay Shores Real Estate License #REC.0018206 Listed on: 04/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,163

Year Built

  • Built in 1820

Lot Details

  • 2,290 Sq Ft Lot
  • Fenced
  • Property is zoned GB

Home Design

  • Cottage
  • Stone Foundation
  • Shingle Siding
  • Plaster

Interior Spaces

  • 2-Story Property
  • Furnished
  • 2 Fireplaces
  • Gas Fireplace
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Outdoor Grill

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 084
  • Assessor Parcel Number 18MEMORIALBLVDWESTBLVDNEWP

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,163

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0526
  • Above Grade Finished Sq Ft: 1080.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1820
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 540.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Tub Shower, Furnished, Cable TV
  • Living Area: 1620.0
  • Dining Room Type: Storage Room
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Other

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Barbecue, Paved Driveway
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2290.0
  • Parcel #: 18MEMORIALBLVDWESTBLVDNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7163.0
  • Tax Lot: 084
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
Jun 14, 2023
Sold by
Costa Kyle
Bought by
Davis Stephen C
Seller's Agent
Kyle Costa
Bay Shores Real Estate
Buyer's Agent
Kyle Costa
Bay Shores Real Estate
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Total Days on Market
17
Views
10
Current Estimated Value
$1,448,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,621
Avg. Annual Appreciation
10.08%
Original Mortgage
$900,000
Outstanding Balance
$880,619
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$568,002

Purchase Details

Listed on
May 14, 2018
Closed on
Jan 10, 2019
Sold by
Craft C Wayen C and Craft Carol
Bought by
Costa Kyle
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Kyle Costa
Bay Shores Real Estate
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.52%
Original Mortgage
$416,000
Interest Rate
4.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 22, 2003
Sold by
Tomaino Joseph and Tomaino Leslie
Bought by
Craft C Wayne C and Craft Carol

Purchase Details

Closed on
Mar 9, 2000
Sold by
Rose Donna M
Bought by
Fitzgerald Patrick and Sardella Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
8.18%
Mortgage Type
Commercial

Range of Values:

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Average Value
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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
Davis Stephen C $1,200,000 None Available
Davis Stephen C $1,200,000 None Available
Costa Kyle $525,000 --
Costa Kyle $525,000 --
Craft C Wayne C $276,000 --
Craft C Wayne C $276,000 --
Fitzgerald Patrick $130,000 --
Fitzgerald Patrick $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Stephen C $900,000
Closed Davis Stephen C $900,000
Previous Owner Costa Kyle $600,000
Previous Owner Costa Kyle $448,000
Previous Owner Costa Kyle $416,000
Previous Owner Rose Donna M $97,500
Previous Owner Rose Donna M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $1,200,000 -4.0% $741 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $1,250,000 +138.1% $772 / Sq Ft
01/10/2019 01/10/19 Sold $525,000 -8.7% $448 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $575,000 0.0% $490 / Sq Ft
07/07/2017 07/07/17 For Rent $1,800 0.0% --
07/07/2017 07/07/17 Rented $1,800 -- --
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 $11,676 $1,116,300 $590,900 $525,400
2023 $7,397 $497,100 $350,100 $147,000
2022 $7,163 $497,100 $350,100 $147,000
2021 $6,954 $497,100 $350,100 $147,000
2020 $7,682 $498,200 $317,000 $181,200
2019 $7,682 $498,200 $317,000 $181,200
2018 $7,463 $498,200 $317,000 $181,200
2017 $6,587 $423,600 $197,100 $226,500
2016 $6,422 $423,600 $197,100 $226,500
2015 $6,265 $423,600 $197,100 $226,500
2014 $6,586 $393,900 $197,100 $196,800
Source: Public Records

Agents Affiliated with this Home

  • Kyle Costa

    Seller's Agent in 2023

    Kyle Costa

    Bay Shores Real Estate

    (508) 287-6588

    4 in this area

    49 Total Sales

    Kyle Costa
    Section Image
  • Joe Fitzpatrick

    Seller's Agent in 2019

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    21 in this area

    681 Total Sales

    Joe Fitzpatrick
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1333028

State-Wide MLS

APN: NEWP-000028-000000-000084

Rhode Island Newport County Newport 02840 Historic Hill

18 Memorial Blvd W, Newport, RI

Homes for Sale in Newport, RI

This home is located at 18 Memorial Blvd W, Newport, RI 02840 since 08 April 2023 and is currently estimated at $1,448,621, approximately $894 per square foot. This property was built in 1820. 18 Memorial Blvd W 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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