2 Dearborn St Newport, RI 02840
Historic Hill Neighborhood
5
Beds
3
Baths
4,152
Sq Ft
1,571
Sq Ft Lot
Highlights
- Marina
- Water Access
- Corner Lot
- Water Views
- Wood Flooring
- Tennis Courts
About This Home
As of September 2021Prime in town location! Bright and cheery three family home in impeccable spot in downtown Newport and within the Limited Business Zone. Walk out your doorstep to the best that Newport has to offer, located in the highly desirable lower Thames/ Yachting Village neighborhood you are surrounded by the waterfront, restaurants and shopping areas. Inside you will find gleaming hardwood floors, updated kitchens and baths and lovingly maintained period details. The first two floors are comprised of clean and spacious two bedroom, one full bath apartments with updated kitchens and baths. The top floor one bedroom, one full bathroom apartment is beautiful and offers amazing light with a harbor view and a large master bedroom/bathroom suite. The third floor is completed by a private deck with sunset, water and town views. Each unit features updated and separate utilities for simple owner management and tenants in place for a seamless transition. Recent improvements include new furnaces, oil tanks, a new roof, and a new back deck to name a few. An incredible and flexible opportunity for the new owner to reside on site or retain as an investment property.
Last Agent to Sell the Property
Compass / Lila Delman Compass License #REB.0018697 Listed on: 07/14/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,204
Year Built
- Built in 1898
Lot Details
- 1,571 Sq Ft Lot
- Corner Lot
Parking
- No Garage
Home Design
- Stone Foundation
- Shingle Siding
- Plaster
Interior Spaces
- 4,152 Sq Ft Home
- 3-Story Property
- Skylights
- Wood Flooring
- Water Views
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Water Access
- Walking Distance to Water
Location
- Property near a hospital
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Steam
- 200+ Amp Service
- Oil Water Heater
Listing and Financial Details
- Tax Lot 194
- Assessor Parcel Number 2DEARBORNSTNEWP
Community Details
Overview
- 3 Units
- Yachting Village Subdivision
Amenities
- Shops
Recreation
- Marina
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2021
Closed on
Sep 16, 2021
Sold by
Rising Tide Inv Llc
Bought by
Segger Inthuon and Cox Jirapa
Seller's Agent
Eric Kirton
Compass / Lila Delman Compass
Buyer's Agent
Mary Ann Bouchard
Coldwell Banker Coastal Homes
List Price
$1,185,000
Sold Price
$1,200,000
Premium/Discount to List
$15,000
1.27%
Total Days on Market
33
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
$305,921
Avg. Annual Appreciation
4.91%
Original Mortgage
$900,000
Outstanding Balance
$826,293
Interest Rate
2.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$606,710
Purchase Details
Listed on
Jun 29, 2015
Closed on
Oct 15, 2015
Sold by
Lanzillo James L and Burak Janet L
Bought by
Rising Tide Inv Llc
Seller's Agent
Loretta Swanson
William Raveis Inspire
Buyer's Agent
Eric Kirton
Compass / Lila Delman Compass
List Price
$539,000
Sold Price
$526,000
Premium/Discount to List
-$13,000
-2.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$526,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 29, 2015
Closed on
Aug 28, 2015
Sold by
Smith Corey O and Smith Karen J
Bought by
Lanzillo James L and Burak Janet L
Seller's Agent
Loretta Swanson
William Raveis Inspire
Buyer's Agent
Eric Kirton
Compass / Lila Delman Compass
List Price
$539,000
Sold Price
$526,000
Premium/Discount to List
-$13,000
-2.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 2008
Sold by
Hallett Darrell M
Bought by
Smith Corey and Smith Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 25, 2005
Sold by
Morovitz David R
Bought by
Goldman Jeffrey R
Purchase Details
Closed on
Aug 31, 2001
Sold by
Sousa Christopher E and Schreiber Randall W
Bought by
Morovitz David R
Purchase Details
Closed on
May 1, 1996
Sold by
Pena Ramona and Woolley William
Bought by
Sousa Christopher E and Schreiber Randall W
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 | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $526,000 | -- | |
| Deed | $633,000 | -- | |
| Deed | $559,000 | -- | |
| Deed | $350,000 | -- | |
| Warranty Deed | $215,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Purchase Money Mortgage | |
| Previous Owner | $526,000 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2024 04/09/24 | Rented | $2,250 | 0.0% | -- |
| 04/04/2024 04/04/24 | Under Contract | -- | -- | -- |
| 04/01/2024 04/01/24 | Price Changed | $2,250 | -4.3% | $3 / Sq Ft |
| 03/27/2024 03/27/24 | For Rent | $2,350 | 0.0% | -- |
| 09/16/2021 09/16/21 | Sold | $1,200,000 | +1.3% | $289 / Sq Ft |
| 08/17/2021 08/17/21 | Pending | -- | -- | -- |
| 07/14/2021 07/14/21 | For Sale | $1,185,000 | 0.0% | $285 / Sq Ft |
| 01/26/2021 01/26/21 | For Rent | $1,550 | 0.0% | -- |
| 01/26/2021 01/26/21 | Rented | $1,550 | 0.0% | -- |
| 08/28/2015 08/28/15 | Sold | $526,000 | -2.4% | $175 / Sq Ft |
| 07/29/2015 07/29/15 | Pending | -- | -- | -- |
| 06/29/2015 06/29/15 | For Sale | $539,000 | -- | $180 / Sq Ft |
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 | $8,633 | $1,050,300 | $326,700 | $723,600 |
| 2023 | $6,597 | $665,000 | $213,600 | $451,400 |
| 2022 | $6,391 | $665,000 | $213,600 | $451,400 |
| 2021 | $6,204 | $665,000 | $213,600 | $451,400 |
| 2020 | $5,315 | $517,000 | $215,900 | $301,100 |
| 2019 | $5,315 | $517,000 | $215,900 | $301,100 |
| 2018 | $5,165 | $517,000 | $215,900 | $301,100 |
| 2017 | $5,309 | $473,600 | $154,500 | $319,100 |
| 2016 | $5,176 | $473,600 | $154,500 | $319,100 |
| 2015 | $5,053 | $473,600 | $154,500 | $319,100 |
| 2014 | $4,811 | $398,900 | $131,300 | $267,600 |
Source: Public Records
Agents Affiliated with this Home
-
Paige Kane
P
Seller's Agent in 2024
Paige Kane
Warner Realty Group
(401) 662-6775
1 in this area
11 Total Sales
-
Dave Hackett
Seller's Agent in 2021
Dave Hackett
Mott & Chace Sotheby's Intl.
(401) 500-0057
2 in this area
88 Total Sales
-
Eric Kirton
Seller's Agent in 2021
Eric Kirton
Compass / Lila Delman Compass
(401) 743-2744
1 in this area
104 Total Sales
-
Joe Fitzpatrick
Buyer's Agent in 2021
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
21 in this area
680 Total Sales
-
Mary Ann Bouchard
Buyer's Agent in 2021
Mary Ann Bouchard
Coldwell Banker Coastal Homes
(401) 323-6910
1 in this area
16 Total Sales
-
Loretta Swanson
L
Seller's Agent in 2015
Loretta Swanson
William Raveis Inspire
(401) 742-1544
5 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1286417
APN: NEWP-000032-000000-000194
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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