NOT LISTED FOR SALE

18 Memorial Blvd W Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,516,771

2 Beds
1 Bath
1,620 Sq Ft
$936/Sq Ft Est. Value

Last Sold June 14, 2023

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

Est. 26% increase in value since last sale

Current estimated payment $8,990/month

17 Days on Market

Highlights

  • Marina
  • Attic
  • Furnished
  • Wood Flooring
  • 2 Fireplaces
  • 3-minute walk to Aquidneck Growers Market (Wednesday)

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 Agent to Sell the Property

Kyle Costa

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

Last Buyer's Agent

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%
Views
10
Current Estimated Value
$1,516,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,771
Avg. Annual Appreciation
9.91%
Original Mortgage
$900,000
Outstanding Balance
$875,890
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$640,881

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
New Conventional

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 --
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 $416,000
Previous Owner Fitzgerald Patrick $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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
2025 $12,044 $1,118,300 $590,900 $527,400
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

    52 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

    691 Total Sales

    Joe Fitzpatrick
    Section Image
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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

Not Listed for Sale

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