NOT LISTED FOR SALE

2 Sylvan St Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $1,197,000 - $1,533,000

0.3 Acre
$4,359,346 Price per Acre
13,116 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $1,600,000

Est. 18% decrease in value since last sale

Current estimated payment $7,533/month

99 Days on Market

Highlights

  • 0.3 Acre Lot
  • Tennis Courts
  • Shops
  • Corner Lot
  • Walking Distance to Water
  • 3-minute walk to Freebody Park

About This Lot

As of May 2022

Rare opportunity to own a corner buildable lot located on the corner of Parker Avenue and Sylvan Street in the heart of Newport. Located just off Bellevue Avenue and a short walk to the Cliff Walk and downtown Newport. There are two approved lots abutting that may be combined for a larger property. Please see MLS#1300626 for details on abutting lot. Preliminary plans are included for a 4,400 square foot home with two car garage plus opportunity to finish the full basement and bonus area over the garage. Please note only site plan and first two floors are included with the listing at this time. Site plan for three lots is approved. Lot 31, pictured in site plan, is sold and will include a completely renovated historic structure with pool, guest house and garage. Owner is considering developing both lots as finished homes as well.

Last Agent to Sell the Property

Stacie Mills

Vanderbilt International Prop. License #REB.0016561 Listed on: 12/29/2021

Last Buyer's Agent

Stacie Mills

Vanderbilt International Prop. License #REB.0016561 Listed on: 12/29/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,808

Year Built

  • 1940

Lot Details

  • 0.3 Acre Lot
  • Corner Lot
  • Level Lot
  • Finished Lot(s)

Location

  • Property near a hospital

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0SYLVANLOT2STNEWP

Community Details

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Walking Distance to Water

Additional Features

  • Bellevue And Parker Avenue Area Subdivision
  • Shops

Property Details

Property Type

Land

Est. Annual Taxes

$6,808

Year Built

1940

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.3011
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Bellevue and Parker Avenue Area
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0
  • Year Built (Public Record): 1940

Interior Features

  • Possible Use: Single Family, Residential

Exterior Features

  • Lot Features: Corner Lot, Level
  • Topography: Level
  • Waterfront Features: Walk to Water

Utilities

  • Utilities: Natural Gas Available, Municipal Utilities, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 13114.0
  • Parcel #: 0SYLVANLOT2STNEWP
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lobecker Robert N $200,000
Closed Lobecker Robert N $150,000
Closed Lobecker Robert N $100,000
Closed Lobecker Robert N $105,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $1,600,000 -8.6% --
04/07/2022 04/07/22 Pending -- -- --
12/29/2021 12/29/21 For Sale $1,750,000 -- --
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 $6,808 $976,700 $450,900 $525,800
2023 $6,368 $641,900 $294,700 $347,200
2022 $6,169 $641,900 $294,700 $347,200
2021 $5,989 $641,900 $294,700 $347,200
2020 $5,178 $503,700 $232,400 $271,300
2019 $5,178 $503,700 $232,400 $271,300
2018 $5,032 $503,700 $232,400 $271,300
2017 $4,787 $427,000 $166,300 $260,700
2016 $4,667 $427,000 $166,300 $260,700
2015 $4,556 $427,000 $166,300 $260,700
2014 $4,734 $392,500 $141,400 $251,100
Source: Public Records

Agents Affiliated with this Home

  • Stacie Mills

    Seller's Agent in 2022

    Stacie Mills

    Vanderbilt International Prop.

    (401) 862-2793

    2 in this area

    104 Total Sales

    Stacie Mills
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Map

Source: State-Wide MLS

MLS Number: 1300654

State-Wide MLS

APN: NEWP-000033-000000-000073

Rhode Island Newport County Newport 02840 Memorial Boulevard

2 Sylvan St, Newport, RI

This home is located at 2 Sylvan St, Newport, RI 02840 since 29 December 2021 and is currently estimated at $1,312,599. This property was built in 1940. 2 Sylvan St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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