NOT LISTED FOR SALE

21 Spring St Unit 25 Newport, RI 02840

Estimated Value: $1,159,446

3 Beds
3 Baths
3,966 Sq Ft
$292/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $850,000 $214 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,459/month

73 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Corner Lot
  • Deck
  • 1 Fireplace
  • 2-minute walk to Eisenhower Park

About This Home

As of September 2021

Exceptionally sited in downtown Newport and within the General Business zone is this historical and unique mixed-use offering. Located just steps out your front door to the restaurants and shops of Broadway and minutes to Washington Square, Newport Harbor this 3 unit property is a great investment.

The first floor is comprised of a large and bright open concept office space featuring period detail, high ceilings, conference space private bath and kitchenette. Opportunity exists to divide into 2 spaces if desired.

The apartments above are accessed via large shared deck space overlooking the historic garden next door and tucked back from the street for privacy. Unit 2 is a spacious and charming 1 bedroom, 1 full bath apartment featuring flexible floorplan, large sunny living room with beautiful decorative fireplace and kitchen with generously sized storage pantry. Unit 3 is a bright and welcoming 2 bedroom, 1 full bath apartment with original hardwood flooring and paneled ceiling.

Strong rental history and tenants in place make this an inviting and turnkey investor opportunity to immediately start generating income while retaining the flexibility to live or work on site in the future.

Last Agent to Sell the Property

Eric Kirton

Compass / Lila Delman Compass License #REB.0018697 Listed on: 06/15/2021

Last Buyer's Agent

MASS ALLIANCE PARTNER

MASS.PIN MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,020

Year Built

  • Built in 1860

Lot Details

  • 1,122 Sq Ft Lot
  • Corner Lot

Parking

  • No Garage

Home Design

  • Combination Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,966 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 188
  • Assessor Parcel Number 21SPRINGSTNEWP

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,020

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.0258
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 3966.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1860
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1122.0
  • Parcel #: 21SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4020.0
  • Tax Lot: 188
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Sep 7, 2021
Sold by
Ninety Pound Nancy Llc
Bought by
Mj Homes Llc
Seller's Agent
Eric Kirton
Compass / Lila Delman Compass
Buyer's Agent
MASS ALLIANCE PARTNER
MASS.PIN MLS
List Price
$1,095,000
Sold Price
$850,000
Premium/Discount to List
-$245,000
-22.37%
Current Estimated Value
$1,159,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,446
Avg. Annual Appreciation
8.36%

Purchase Details

Closed on
Feb 14, 2013
Sold by
Rodgers Brad S and Rodgers Monica M
Bought by
90 Pound Nancy Llc
Source: Public Records

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Range of Values:

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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
Mj Homes Llc $850,000 None Available
90 Pound Nancy Llc $325,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $850,000 -22.4% $214 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $1,095,000 -- $276 / 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 -- $989,200 $144,700 $844,500
2023 $0 $391,900 $127,900 $264,000
2022 $0 $391,900 $127,900 $264,000
2021 $0 $391,900 $127,900 $264,000
2020 $0 $359,900 $157,400 $202,500
2019 $0 $359,900 $157,400 $202,500
2018 $0 $359,900 $157,400 $202,500
2017 $0 $328,100 $111,800 $216,300
2016 -- $328,100 $111,800 $216,300
2015 -- $328,100 $111,800 $216,300
2014 -- $415,800 $111,800 $304,000
Source: Public Records

Agents Affiliated with this Home

  • Eric Kirton

    Seller's Agent in 2021

    Eric Kirton

    Compass / Lila Delman Compass

    (401) 743-2744

    5 in this area

    103 Total Sales

    Eric Kirton
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Map

Source: State-Wide MLS

MLS Number: 1284469

State-Wide MLS

APN: NEWP-000017-000000-000188

Rhode Island Newport County Newport 02840

21 Spring St Unit 25, Newport, RI

This home is located at 21 Spring St Unit 25, Newport, RI 02840 since 15 June 2021 and is currently estimated at $1,159,446, approximately $292 per square foot. This property was built in 1860. 21 Spring St Unit 25 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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