$410,000
SOLD JUN 27, 2014

23 Gidley St Newport, RI 02840

Historic Hill Neighborhood
4 Beds
2 Baths
1,845 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$222 Per Sq Ft

14% Below List Price

41 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • Golf Course Community
  • Cathedral Ceiling
  • 4-minute walk to Aquidneck Park

About This Home

As of May 2016

Incredible downtown investment opportunity. Double lot, AMPLE PARKING! Current owners have never had a vacancy. 2 units, great Salve/Summer rental. Updated with private entries, laundry in units, fenced in back patio. Walk everywhere! Motivated.

Last Agent to Sell the Property

Grace Cimo

Gustave White Sotheby's Realty License #RES.0031199 Listed on: 04/16/2014

Gustave White Sotheby's Realty

Last Buyer's Agent

Grace Cimo

Gustave White Sotheby's Realty License #RES.0031199 Listed on: 04/16/2014

Gustave White Sotheby's Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 1900

Home Design

  • Wood Siding
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 1,845 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Deck
  • 3,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 23GIDLEYSTNEWP

Community Details

Overview

  • 2 Units
  • Downtown/Yachting Vil Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,294

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: DOWNTOWN/YACHTING VIL
  • Above Grade Finished Sq Ft: 1845.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area: 1845.0
  • Stories: 2
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3920.0
  • Parcel #: 23GIDLEYSTNEWP
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3294.0
  • Tax Lot: 206
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
May 9, 2016
Sold by
Clark Alex C
Bought by
Cooper Charles T
Seller's Agent
Grace Cimo
Gustave White Sotheby's Realty
Buyer's Agent
Barbara O'Reilly
Hogan Associates Christie's
List Price
$549,000
Sold Price
$522,000
Premium/Discount to List
-$27,000
-4.92%
Total Days on Market
41
Current Estimated Value
$1,069,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,958
Avg. Annual Appreciation
5.87%
Original Mortgage
$417,000
Outstanding Balance
$336,928
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$538,668

Purchase Details

Listed on
Apr 16, 2014
Closed on
Jun 27, 2014
Sold by
Emanuel Henry and Emanuel Carolina
Bought by
Clark Alex C
Seller's Agent
Grace Cimo
Gustave White Sotheby's Realty
Buyer's Agent
Grace Cimo
Gustave White Sotheby's Realty
List Price
$474,900
Sold Price
$410,000
Premium/Discount to List
-$64,900
-13.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%
Original Mortgage
$307,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2010
Sold by
Old Harbor Prop Llc
Bought by
Emanuel Henry G and Emanuel Carolina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2009
Sold by
Washington Trust Co
Bought by
Piccardi Damian M

Purchase Details

Closed on
Apr 17, 2003
Sold by
Whittington Thomas
Bought by
Erfe Hilda and Erfe Alberto

Purchase Details

Closed on
May 27, 1998
Sold by
Schofield Brady M
Bought by
Whittington Thomas E

Purchase Details

Closed on
Apr 23, 1992
Sold by
Salas Enrique
Bought by
Schofield Bradley
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 Type Sale Price Title Company
Warranty Deed $522,000 --
Warranty Deed $410,000 --
Deed $350,000 --
Foreclosure Deed $274,000 --
Deed $415,000 --
Warranty Deed $153,500 --
Warranty Deed $137,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $417,000 Purchase Money Mortgage
Previous Owner $307,500 New Conventional
Previous Owner $257,000 No Value Available
Previous Owner $262,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2020 09/24/20 Rented $1,850 0.0% --
08/25/2020 08/25/20 Under Contract -- -- --
08/10/2020 08/10/20 For Rent $1,850 0.0% --
05/09/2016 05/09/16 Sold $522,000 -4.9% $283 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $549,000 +33.9% $298 / Sq Ft
06/27/2014 06/27/14 Sold $410,000 -13.7% $222 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
04/16/2014 04/16/14 For Sale $474,900 -- $257 / 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 $6,832 $831,200 $396,300 $434,900
2023 $5,299 $534,200 $259,100 $275,100
2022 $5,134 $534,200 $259,100 $275,100
2021 $4,984 $534,200 $259,100 $275,100
2020 $4,400 $428,000 $221,600 $206,400
2019 $4,400 $428,000 $221,600 $206,400
2018 $4,276 $428,000 $221,600 $206,400
2017 $3,802 $339,200 $158,500 $180,700
2016 $3,707 $339,200 $158,500 $180,700
2015 $3,619 $339,200 $158,500 $180,700
2014 $3,386 $280,800 $134,700 $146,100
Source: Public Records

Agents Affiliated with this Home

  • Barbara O'Reilly

    Seller's Agent in 2020

    Barbara O'Reilly

    Hogan Associates Christie's

    (401) 662-1962

    4 in this area

    16 Total Sales

    Barbara O'Reilly
    Section Image
  • Jeanne Cimaglia

    Buyer's Agent in 2020

    Jeanne Cimaglia

    RE/MAX Results

    (401) 418-1570

    Jeanne Cimaglia
    Section Image
  • Grace Cimo

    Seller's Agent in 2016

    Grace Cimo

    Gustave White Sotheby's Realty

    (401) 222-9651

    4 in this area

    80 Total Sales

    Grace Cimo
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1065020

State-Wide MLS

APN: NEWP-000027-000000-000206

Rhode Island Newport County Newport 02840 Historic Hill

23 Gidley St, Newport, RI

This home is located at 23 Gidley St, Newport, RI 02840 and is currently priced at $410,000, approximately $222 per square foot. This property was built in 1900. 23 Gidley 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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