23 Simmons St Newport, RI 02840
Fifth Ward NeighborhoodEstimated Value: $687,000 - $848,330
3
Beds
2
Baths
1,826
Sq Ft
$411/Sq Ft
Est. Value
Highlights
- Marina
- Wood Flooring
- Recreation Facilities
- Colonial Architecture
- 1 Fireplace
- 1-minute walk to Spencer Park
About This Home
As of May 2024Welcome to Newport, this home is situated on a double lot with plenty of parking, plus a quaint yard and priced UNDER ASSESSMENT. Property is a winner if you are looking to make an investment and gain upside in one of the most iconic towns in the world. The building has been recently painted and the decks are new, roof is 1 year old. It is a fixer upper, but also a home that has been lived in and the majority of the repairs needed are cosmetic or to enhance the properties appeal versus structural or health safety related. Its nice to buy an investment property and see that the current owner buttoned up the exterior and kept it from deteriorating. Home is a blank canvas inside and you are the artist. Over 1800 square feet with the potential to add on or enlarge the square footage because of the double lot, you have a lot to work with here, no pun intended. Estimates for after repair value are as high as 1.1 million, but the true value lies in being walking distance to Thames Street, Spencer Park, Henry Hogan Field, the King Park Beach or any number of other attractions that vacationers travel the globe to visit! Bring your creativity and vision with you when you tour this property. Understand the game is to seize opportunities since the good ones are fleeting and only one buyer will be lucky enough to gain this asset for their portfolio. Will that be you? Its a great time for a spring/summer project in Newport and 23 Simmons is calling your name...
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,350
Year Built
- Built in 1880
Lot Details
- 4,792 Sq Ft Lot
- Property is zoned R10
Home Design
- Colonial Architecture
- Block Foundation
- Wood Siding
Interior Spaces
- 1,826 Sq Ft Home
- 2-Story Property
- 1 Fireplace
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- 100 Amp Service
- Oil Water Heater
Additional Features
- Porch
- Property near a hospital
Listing and Financial Details
- Tax Lot 108
- Assessor Parcel Number 23SIMMONSSTNEWP
Community Details
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
May 30, 2024
Sold by
Dennis Jeremy A
Bought by
Simmos St Hldg Llc
Seller's Agent
Matt Patty
Real Broker, LLC
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$689,900
Sold Price
$689,900
Total Days on Market
4
Views
37
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
$61,433
Avg. Annual Appreciation
11.77%
Original Mortgage
$100,000
Outstanding Balance
$99,175
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$671,908
Purchase Details
Closed on
Mar 19, 2014
Sold by
Dennis Arthur C
Bought by
Dennis Arthur C and Dennis Judith M
Purchase Details
Closed on
May 2, 2012
Sold by
Dennis Arthur C
Bought by
Dennis Arthur C
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Simmos St Hldg Llc | $689,900 | None Available | |
| Simmos St Hldg Llc | $689,900 | None Available | |
| Dennis Arthur C | -- | -- | |
| Dennis Arthur C | -- | -- | |
| Dennis Arthur C | -- | -- | |
| Dennis Arthur C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Simmos St Hldg Llc | $100,000 | |
| Closed | Simmos St Hldg Llc | $100,000 | |
| Previous Owner | Dennis Arthur C | $38,000 | |
| Previous Owner | Dennis Arthur C | $204,129 | |
| Previous Owner | Dennis Arthur C | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2024 05/30/24 | Sold | $689,900 | 0.0% | $378 / Sq Ft |
| 04/14/2024 04/14/24 | Pending | -- | -- | -- |
| 04/10/2024 04/10/24 | For Sale | $689,900 | -- | $378 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $5,328 | $764,400 | $420,600 | $343,800 |
| 2023 | $4,989 | $502,900 | $275,000 | $227,900 |
| 2022 | $4,833 | $502,900 | $275,000 | $227,900 |
| 2021 | $4,692 | $502,900 | $275,000 | $227,900 |
| 2020 | $4,241 | $412,500 | $223,400 | $189,100 |
| 2019 | $4,241 | $412,500 | $223,400 | $189,100 |
| 2018 | $4,121 | $412,500 | $223,400 | $189,100 |
| 2017 | $3,756 | $335,100 | $159,900 | $175,200 |
| 2016 | $3,663 | $335,100 | $159,900 | $175,200 |
| 2015 | $3,576 | $335,100 | $159,900 | $175,200 |
| 2014 | $3,801 | $315,200 | $135,900 | $179,300 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Patty
Seller's Agent in 2024
Matt Patty
Real Broker, LLC
(401) 269-6169
1 in this area
239 Total Sales
-
The Hadfield Group
T
Buyer's Agent in 2024
The Hadfield Group
Hogan Associates Christie's
(401) 207-0083
5 in this area
111 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1356306
APN: NEWP-000039-000000-000108
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