$655,000
SOLD MAR 4, 2016

18 Rhode Island Ave Newport, RI 02840

Kay-Catherine Neighborhood
7 Beds
4.5 Baths
4,869 Sq Ft
10,568 Sq Ft Lot

Recently Sold

$135 Per Sq Ft

17% Below List Price

177 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Water Views
  • 0.24 Acre Lot
  • 4-minute walk to Congdon Parks

About This Home

As of May 2024

Walk to town from this legal 3-fam. in a grand 1880's Victorian w/off-st parking for 8+!Charm & orig. details intact: widow's walk/deck,10 ft ceilings,pocket drs, stained glass,beautiful wdwork & hardwds.Currently used as a single fam. w/3rd flr apt.

Last Agent to Sell the Property

Gladys Barbosa

Edge Realty RI License #RES.0030485 Listed on: 08/09/2015

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,628

Year Built

  • Built in 1880

Lot Details

  • 10,568 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Wood Siding
  • Clapboard

Interior Spaces

  • 4,869 Sq Ft Home
  • 3-Story Property
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 8 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Screened Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Power Generator
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 089
  • Assessor Parcel Number 18RHODEISLANDAVNEWP

Community Details

Overview

  • 3 Units
  • Ri Ave, Kay Catherine Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,628

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2426
  • Subdivision Name: RI AVE, KAY-CATHERINE
  • Above Grade Finished Sq Ft: 4869.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Wood
  • Living Area: 4869.0
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None, 1 Unit
  • Cooling Y N: No
  • Heating: Electric, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Generator
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 10568.0
  • Parcel #: 18RHODEISLANDAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6628.0
  • Tax Lot: 089
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
May 31, 2024
Sold by
Mcfate Montgomery
Bought by
Nothing Like Newport Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Arthur Chapman
William Raveis Inspire
List Price
$2,000,000
Sold Price
$2,125,000
Premium/Discount to List
$125,000
6.25%
Views
28
Current Estimated Value
$2,226,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,516
Avg. Annual Appreciation
2.57%
Original Mortgage
$1,110,000
Outstanding Balance
$1,100,838
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,088,700
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $2,125,000 None Available
Warranty Deed $2,125,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,110,000 Purchase Money Mortgage
Closed $1,110,000 Purchase Money Mortgage
Previous Owner $1,012,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $139,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $738,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $200,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $80,000 Unknown
Previous Owner $543,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $491,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $2,125,000 +6.3% $436 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $2,000,000 +205.3% $411 / Sq Ft
03/04/2016 03/04/16 Sold $655,000 -16.6% $135 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
08/09/2015 08/09/15 For Sale $785,000 -- $161 / 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 $9,565 $1,372,300 $276,300 $1,096,000
2023 $8,750 $882,100 $195,300 $686,800
2022 $8,477 $882,100 $195,300 $686,800
2021 $8,230 $882,100 $195,300 $686,800
2020 $6,650 $646,900 $157,400 $489,500
2019 $6,650 $646,900 $157,400 $489,500
2018 $6,463 $646,900 $157,400 $489,500
2017 $7,186 $641,000 $122,300 $518,700
2016 $6,790 $621,200 $122,300 $498,900
2015 $6,628 $621,200 $122,300 $498,900
2014 $6,146 $509,600 $122,300 $387,300
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2024

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    15 in this area

    700 Total Sales

    Section Image
  • Arthur Chapman

    Buyer's Agent in 2024

    Arthur Chapman

    William Raveis Inspire

    (401) 640-0807

    3 in this area

    60 Total Sales

    Section Image
  • Gladys Barbosa

    Seller's Agent in 2016

    Gladys Barbosa

    Edge Realty RI

    (401) 855-1401

    35 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1104683

State-Wide MLS

APN: NEWP-000011-000000-000089

Rhode Island Newport County Newport 02840 Kay-Catherine

18 Rhode Island Ave, Newport, RI

This home is located at 18 Rhode Island Ave, Newport, RI 02840 and is currently priced at $655,000, approximately $134 per square foot. This property was built in 1880. 18 Rhode Island Ave is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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