NOT LISTED FOR SALE

Estimated Value: $2,460,000 - $2,711,000

4 Beds
3 Baths
3,000 Sq Ft
$864/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $1,625,000 $542 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $15,510/month

114 Days on Market

Highlights

  • Marina
  • Antique Architecture
  • 4 Fireplaces
  • Marble Flooring
  • Cathedral Ceiling
  • 3-minute walk to Eisenhower Park

About This Home

As of June 2020

A rare opportunity to live on Newport’s famed Historic Hill! Walking distance to downtown, marinas, the beach, and a rare two-car garage. Beautifully rebuilt in 2016, this 18th century home (the original Isaac & Elizabeth Sherman home, for which Sherman Street is named) offers sophisticated living and magnificent architectural features while retaining its character and history. It boasts a formal entrance and a captivating large, sun-filled, atrium-style kitchen and dining area. Four bedrooms and three full bathrooms, with the option of a first-floor bedroom suite and a true master suite with a gas fireplace on the second. The fully finished third floor can be used as an office, recreation room or au pair/guest space. In addition, this home has five to six parking spaces, a total of four working fireplaces, a covered porch, a grilling porch, and private professionally landscaped backyard and gardens. Original details seamlessly blended with modern amenities make this an ideal home for entertaining and in-town living. Located steps to Washington Square, downtown Newport, Bellevue Avenue, and the International Tennis Hall of Fame, it's easy to leave your car at home and walk everywhere. Potential to be sold furnished.

Last Agent to Sell the Property

Karin Jackson

Lila Delman Compass Listed on: 02/06/2020

Lila Delman Compass

Last Buyer's Agent

Michelle Drum

Gustave White Sotheby's Realty License #REB.0013061

Gustave White Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,366

Year Built

  • Built in 1812

Lot Details

  • 6,098 Sq Ft Lot
  • Property is zoned R10

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Antique Architecture
  • Combination Foundation
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights
  • 4 Fireplaces
  • Fireplace Features Masonry
  • Gas Fireplace

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Outbuilding

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 20SHERMANSTNEWP

Community Details

Overview

  • Historic Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,366

Year Built

Built in 1812

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 3000.0
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1812
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Wood
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 3000.0
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination
  • Other Structures: Outbuilding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 20SHERMANSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11365.57
  • Tax Lot: 61
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Jun 25, 2020
Sold by
Yeager John
Bought by
Sherman Peter K and Curry-Sherman Amy
Seller's Agent
Karin Jackson
Lila Delman Compass
Buyer's Agent
Michelle Drum
Gustave White Sotheby's Realty
List Price
$1,750,000
Sold Price
$1,625,000
Premium/Discount to List
-$125,000
-7.14%
Current Estimated Value
$2,592,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$967,268
Avg. Annual Appreciation
9.34%
Original Mortgage
$1,100,000
Outstanding Balance
$987,888
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,584,024

Purchase Details

Listed on
Feb 17, 2016
Closed on
Jul 8, 2016
Sold by
Grosvenor John K
Bought by
Yeader John
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Annie Becker
Lila Delman Real Estate
List Price
$1,475,000
Sold Price
$1,235,000
Premium/Discount to List
-$240,000
-16.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%

Purchase Details

Listed on
May 28, 2014
Closed on
Jul 8, 2014
Sold by
Wasylean Stephen W
Bought by
Grosvenor John K
Seller's Agent
Grace Cimo
Gustave White Sotheby's Realty
Buyer's Agent
Michelle Drum
Gustave White Sotheby's Realty
List Price
$499,000
Sold Price
$415,000
Premium/Discount to List
-$84,000
-16.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.04%
Original Mortgage
$332,000
Interest Rate
3.13%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Sherman Peter K $1,625,000 None Available
Yeader John $1,235,000 --
Grosvenor John K $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Peter K $1,100,000
Previous Owner Grosvenor John K $323,000
Previous Owner Grosvenor John K $178,000
Previous Owner Wasylean Stephen W $72,000
Previous Owner Wasylean Stephen W $332,000
Previous Owner Wasylean Stephen W $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $1,625,000 -7.1% $542 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $1,750,000 +41.7% $583 / Sq Ft
07/08/2016 07/08/16 Sold $1,235,000 -16.3% $412 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $1,475,000 +255.4% $492 / Sq Ft
07/07/2014 07/07/14 Sold $415,000 -16.8% $146 / Sq Ft
06/07/2014 06/07/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $499,000 -- $176 / 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
2024 $16,635 $2,386,600 $635,500 $1,751,100
2023 $13,677 $1,378,700 $362,300 $1,016,400
2022 $13,249 $1,378,700 $362,300 $1,016,400
2021 $12,863 $1,378,700 $362,300 $1,016,400
2020 $11,366 $1,105,600 $298,000 $807,600
2019 $11,366 $1,105,600 $298,000 $807,600
2018 $11,045 $1,105,600 $298,000 $807,600
2017 $7,023 $626,500 $166,700 $459,800
2016 $6,848 $626,500 $166,700 $459,800
2015 $6,339 $594,100 $166,700 $427,400
2014 $4,606 $381,900 $141,700 $240,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1245948

State-Wide MLS

APN: NEWP-000021-000000-000061