Seller's Agent in 2020
Jeff Brooks
Hogan Associates Christie's
(401) 680-6588
121 Total Sales
2 Pond Ave Newport, RI 02840
Newport AreaEstimated Value: $1,853,057
4
Beds
2.5
Baths
5,224
Sq Ft
$355/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Corner Lot
- Public Transportation
- Attic
- Bathtub with Shower
- 1-minute walk to Equality Park
About This Home
As of November 2020Landmark building in bustling downtown Broadway neighborhood, on the market for the first time in twenty years. Adjacent to Equality Park, this mixed use building contains Nitro Brew Bar as the first floor tenant - one of the busiest coffee shops in town and two loft style apartments. This is as turnkey as an investment property that you'll find in town. Long history of strong rentals in the two apartments above, zoned General Business offering additional opportunity. Meticulously maintained from the basement to the rooftop with updated siding, mini-splits installed for each unit, newer rubber roof and windows. This is a rare opportunity to own such an iconic piece of real estate in Newport's booming Broadway District.
Last Agent to Sell the Property
Hogan Associates Christie's License #REB.0019912 Listed on: 08/19/2020
Last Buyer's Agent
Christopher Eyre
Hogan Associates Christie's License #RES.0040448
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,984
Year Built
- Built in 1900
Lot Details
- 2,337 Sq Ft Lot
- Corner Lot
Home Design
- Brick Exterior Construction
- Shingle Siding
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 5,224 Sq Ft Home
- 3-Story Property
- Utility Room
- Attic
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
- Driveway
Location
- Property near a hospital
Utilities
- Central Air
- Heating System Uses Gas
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- 200+ Amp Service
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 208
- Assessor Parcel Number 2PONDAVNEWP
Community Details
Overview
- 3 Units
- Broadway Subdivision
Amenities
- Shops
- Public Transportation
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2020
Closed on
Nov 5, 2020
Sold by
Bought by
Seller's Agent
Jeff Brooks
Hogan Associates Christie's
Buyer's Agent
Christopher Eyre
Hogan Associates Christie's
List Price
$1,159,000
Sold Price
$1,155,000
Premium/Discount to List
-$4,000
-0.35%
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
$698,057
Avg. Annual Appreciation
8.60%
Original Mortgage
$57,750
Interest Rate
0.028%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 7, 2000
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,155,000 | None Available | ||
| $92,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $57,750 | ||
| Open | $866,250 | ||
| Previous Owner | $125,430 | ||
| Previous Owner | $40,000 | ||
| Previous Owner | $88,000 | ||
| Closed | $210,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2020 11/06/20 | Sold | $1,155,000 | -0.3% | $221 / Sq Ft |
| 10/07/2020 10/07/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | For Sale | $1,159,000 | -- | $222 / Sq Ft |
Source: State-Wide MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,967 | $831,000 | $221,800 | $609,200 |
| 2024 | -- | $831,000 | $221,800 | $609,200 |
| 2023 | $0 | $760,600 | $196,000 | $564,600 |
| 2022 | $0 | $760,600 | $196,000 | $564,600 |
| 2021 | $0 | $760,600 | $196,000 | $564,600 |
| 2020 | $0 | $582,600 | $327,600 | $255,000 |
| 2019 | $0 | $582,600 | $327,600 | $255,000 |
| 2018 | $0 | $582,600 | $327,600 | $255,000 |
| 2017 | $0 | $530,500 | $118,500 | $412,000 |
| 2016 | -- | $530,500 | $118,500 | $412,000 |
| 2015 | -- | $530,500 | $118,500 | $412,000 |
| 2014 | -- | $490,100 | $118,500 | $371,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Brooks
-
C
Buyer's Agent in 2020
Christopher Eyre
Hogan Associates Christie's
Map
Source: State-Wide MLS
MLS Number: 1261878
APN: NEWP-000014-000000-000208
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