NOT LISTED FOR SALE

2 Elm St Newport, RI 02840

Estimated Value: $833,731 - $1,363,000

6 Beds
3 Baths
2,288 Sq Ft
$454/Sq Ft Est. Value

Last Sold May 05, 2014

Last sale price $329,000 $144 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $5,936/month

39 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Hot Water Heating System
  • Walking Distance to Water
  • Shops
  • 4-minute walk to Cardines Field

About This Home

As of May 2014

Great 2 family Investment or Owner Occupied in the Point. Listed on National Register Historic Places.Good condition.Newer gas heating system, separate utilities. Sweet backyard. Minutes to downtown waterfront, shopping & restaurants.

Last Agent to Sell the Property

Jeanne Allen

William Raveis Inspire License #REB.0013436 Listed on: 02/24/2014

William Raveis Inspire

Last Buyer's Agent

Peter Scotti

Peter M. Scotti & Assoc.,Inc. License #REB.0014864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 1900

Lot Details

  • 1,742

Parking

  • No Garage

Home Design

  • Aluminum Siding
  • Plaster

Interior Spaces

  • 2,288 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 026
  • Assessor Parcel Number 2ELMSTNEWP

Community Details

Overview

  • 2 Units
  • Point Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,425

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Subdivision Name: POINT
  • Above Grade Finished Sq Ft: 2288.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Interior Amenities: Interior Steps
  • Living Area: 2288.0
  • Stories: 3

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 1742.0
  • Parcel #: 2ELMSTNEWP

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3425.0
  • Tax Lot: 026
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2014
Closed on
May 6, 2014
Sold by
Patricia L Conway Ret
Bought by
Greenfield Benjamin W
Seller's Agent
Jeanne Allen
William Raveis Inspire
Buyer's Agent
Peter Scotti
Peter M. Scotti & Assoc.,Inc.
List Price
$350,000
Sold Price
$329,000
Premium/Discount to List
-$21,000
-6%
Current Estimated Value
$1,038,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$709,683
Avg. Annual Appreciation
10.42%
Original Mortgage
$262,800
Outstanding Balance
$193,884
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$844,799

Purchase Details

Closed on
Sep 11, 2013
Sold by
Conway Michael F and Conway Patricia L
Bought by
Patrica L Conway Ret

Purchase Details

Closed on
Jun 17, 1996
Sold by
Freitas Frank E and Freitas Frank
Bought by
Conway Michael F and Conway Patricia

Purchase Details

Closed on
Jan 10, 1996
Sold by
Yopek Abbie J
Bought by
Freitas Frank and Freitas Frank E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Greenfield Benjamin W $329,000 --
Patrica L Conway Ret -- --
Conway Michael F $140,000 --
Freitas Frank $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freitas Frank $30,000
Open Freitas Frank $262,800
Previous Owner Freitas Frank $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2014 05/05/14 Sold $329,000 -6.0% $144 / Sq Ft
04/05/2014 04/05/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $350,000 -- $153 / 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
2025 $5,855 $673,800 $344,000 $329,800
2024 $5,539 $673,800 $344,000 $329,800
2023 $4,033 $406,600 $196,100 $210,500
2022 $3,907 $406,600 $196,100 $210,500
2021 $3,794 $406,600 $196,100 $210,500
2020 $3,971 $386,300 $207,100 $179,200
2019 $3,971 $386,300 $207,100 $179,200
2018 $4,728 $473,300 $276,200 $197,100
2017 $3,671 $327,500 $154,500 $173,000
2016 $3,580 $327,500 $154,500 $173,000
2015 $3,494 $327,500 $154,500 $173,000
2014 $3,528 $292,500 $131,300 $161,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1060668

State-Wide MLS

APN: NEWP-000017-000000-000026