18 Memorial Blvd W Newport, RI 02840
Historic Hill Neighborhood
2
Beds
1
Bath
1,620
Sq Ft
2,290
Sq Ft Lot
Highlights
- Marina
- Attic
- Furnished
- Wood Flooring
- 2 Fireplaces
- 3-minute walk to Aquidneck Park
About This Home
As of June 2023Here 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
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
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
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
9.36%
Original Mortgage
$900,000
Outstanding Balance
$880,619
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$549,282
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
Similar Homes 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 | $1,200,000 | None Available | |
| Warranty Deed | $1,200,000 | None Available | |
| Warranty Deed | $525,000 | -- | |
| Warranty Deed | $525,000 | -- | |
| Deed | $276,000 | -- | |
| Deed | $276,000 | -- | |
| Warranty Deed | $130,000 | -- | |
| Warranty Deed | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Purchase Money Mortgage | |
| Closed | $900,000 | Purchase Money Mortgage | |
| Previous Owner | $600,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $448,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $416,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $97,500 | Commercial | |
| Previous Owner | $55,000 | Commercial |
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
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
-
Joe Fitzpatrick
Seller's Agent in 2019
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
21 in this area
683 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1333028
APN: NEWP-000028-000000-000084
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