NOT LISTED FOR SALE

2 Cherry St Newport, RI 02840

Estimated Value: $1,217,399 - $1,455,000

5 Beds
4 Baths
4,396 Sq Ft
$313/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $650,000 $148 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $7,802/month

129 Days on Market

Highlights

  • Marina
  • Cathedral Ceiling
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • 4-minute walk to Battery Park

About This Home

As of February 2019

A Unique Property!! Two Family Conversion from the Stable of the Nicholas King House Located on Newport's Historical Point. Ideal Owner Occupied Investment or Could be Converted Into a Single Family Home. 1st Floor Offers 3 Bedrooms 2 Full Baths, Wide Pine Floors, Open Floor Plan for Living. 2nd Floor Offers 2 Bedrooms 2 Baths & Office with Open Floor Plan for Living. Lots of Storage in Basement & Separate Laundry for each Unit. Off Street Parking for 3 Cars. No Flood Insurance.

Last Agent to Sell the Property

Jennifer Lawrence

Lila Delman Compass License #REB.0014569 Listed on: 09/21/2018

Last Buyer's Agent

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702

Gustave White Sotheby's Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,343

Year Built

  • Built in 1900

Lot Details

  • 6,045

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4,396 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Storage Room
  • Laundry Room
  • Utility Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • 6,045 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 039
  • Assessor Parcel Number 2CHERRYSTNEWP

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,343

Year Built

Built in 1900

Lot Details

6,045 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1388
  • Above Grade Finished Sq Ft: 4396.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Wood, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard, Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6045.0
  • Parcel #: 2CHERRYSTNEWP
  • Zoning: R 10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6343.0
  • Tax Lot: 039
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Bach-Sorensen John and Bach-Sorensen Tracy A
Bought by
Bach Sorensen Family Ret
Current Estimated Value
$1,375,600

Purchase Details

Listed on
Sep 21, 2018
Closed on
Feb 28, 2019
Sold by
Sabbag Brenda L
Bought by
Sorensen John B and Bach-Sorensen Tracy
Seller's Agent
Jennifer Lawrence
Lila Delman Compass
Buyer's Agent
Jose Aguon
Gustave White Sotheby's Realty
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Original Mortgage
$420,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2011
Sold by
Nardolillo Brenda L and Nardollilo Michael J
Bought by
Nardollilo Brenda L

Purchase Details

Closed on
Jun 7, 1995
Sold by
Appleton Janet G and Appleton Frederick
Bought by
Sabbag Brenda L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bach Sorensen Family Ret -- None Available
Sorensen John B $650,000 --
Nardollilo Brenda L -- --
Sabbag Brenda L $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sorensen John B $420,000
Previous Owner Sabbag Brenda L $200,000
Previous Owner Sabbag Brenda L $95,000
Previous Owner Sabbag Brenda L $329,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $650,000 -10.3% $148 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
09/21/2018 09/21/18 For Sale $725,000 -- $165 / Sq Ft
Source: State-Wide MLS

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 $8,596 $989,300 $511,500 $477,800
2024 $8,132 $989,300 $511,500 $477,800
2023 $6,050 $609,900 $319,900 $290,000
2022 $5,861 $609,900 $319,900 $290,000
2021 $5,690 $609,900 $319,900 $290,000
2020 $5,817 $565,900 $268,200 $297,700
2019 $5,817 $565,900 $268,200 $297,700
2018 $5,653 $565,900 $268,200 $297,700
2017 $5,949 $530,700 $229,200 $301,500
2016 $5,801 $530,700 $229,200 $301,500
2015 $5,663 $530,700 $229,200 $301,500
2014 $5,376 $445,800 $179,200 $266,600
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Lawrence

    Seller's Agent in 2019

    Jennifer Lawrence

    Lila Delman Compass

    (401) 848-2101

    2 in this area

    64 Total Sales

    Jennifer Lawrence
    Section Image
  • Jose Aguon

    Buyer's Agent in 2019

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    6 in this area

    26 Total Sales

    Jose Aguon
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1204905

State-Wide MLS

APN: NEWP-000012-000000-000039

Rhode Island Newport County Newport 02840

2 Cherry St, Newport, RI

Not Listed for Sale

MultiFamily

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