NOT LISTED FOR SALE

24 Elm St Newport, RI 02840

Estimated Value: $1,505,000 - $2,281,374

6 Beds
4 Baths
3,480 Sq Ft
$552/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $801,000 $230 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $11,086/month

29 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 4-minute walk to Storer Park

About This Home

As of October 2020

Highest and Best by 8/17/2020 11:59pm MST Investors take notice!! Bank owned 2 family. Proof of funds with all offers. No changes to P&S / addendum to be signed within 48hrs of acceptance..Proof of funds with all offers.Buyer and/or agent to verify property information. Buyer and/or agent to verify all property information.

Last Agent to Sell the Property

Jason Smith

JDS Realty Group License #REB.0016371 Listed on: 08/06/2020

Co-Listed By

Dennis Oliveira

JDS Realty Group License #REB.0019228

Last Buyer's Agent

Barbara Taylor

Coldwell Banker Realty License #RES.0033927

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,612

Year Built

  • Built in 1855

Lot Details

  • 5,220 Sq Ft Lot

Home Design

  • Clapboard

Interior Spaces

  • 3,480 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 24ELMSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,612

Year Built

Built in 1855

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: JDSR
  • Co List Office Phone: 781-331-3160
  • Above Grade Finished Sq Ft: 3480.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1855
  • Special Features: RealEstateOwned
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5220.0
  • Parcel #: 24ELMSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6612.0
  • Tax Lot: 46
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2025
Sold by
Black Don M and Braatz Melissa M
Bought by
Black Don M and Black Melissa M
Current Estimated Value
$1,920,344

Purchase Details

Listed on
Aug 6, 2020
Closed on
Oct 5, 2020
Sold by
Black Don M
Bought by
Black Don M and Braatz Melissa M
Seller's Agent
Jason Smith
JDS Realty Group
Buyer's Agent
Barbara Taylor
Coldwell Banker Realty
List Price
$728,000
Sold Price
$801,000
Premium/Discount to List
$73,000
10.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.86%
Original Mortgage
$640,800
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 6, 2020
Closed on
Aug 31, 2020
Sold by
Bank Of New York Mellon
Bought by
Black Don M
Seller's Agent
Jason Smith
JDS Realty Group
Buyer's Agent
Barbara Taylor
Coldwell Banker Realty
List Price
$728,000
Sold Price
$801,000
Premium/Discount to List
$73,000
10.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,800
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2018
Sold by
Ritter Michele G
Bought by
Bank Of New York Mello

Purchase Details

Closed on
Oct 23, 2014
Sold by
Stern David G
Bought by
Stern David G

Purchase Details

Closed on
May 6, 2013
Sold by
Ritter Michele G and Stern David G
Bought by
Ritter Michele G

Purchase Details

Closed on
May 31, 2000
Sold by
Comfort Margaret D and Comfort Lyn L
Bought by
Stern David G

Purchase Details

Closed on
Mar 30, 1989
Sold by
Hall George
Bought by
Comfort Lyn
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
Black Don M -- None Available
Black Don M -- None Available
Black Don M -- None Available
Black Don M -- None Available
Black Don M $801,000 None Available
Black Don M $801,000 None Available
Bank Of New York Mello $1,006,413 --
Bank Of New York Mello $1,006,413 --
Stern David G -- --
Stern David G -- --
Ritter Michele G -- --
Ritter Michele G -- --
Stern David G $375,000 --
Stern David G $375,000 --
Comfort Lyn $221,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Black Don M $640,800
Previous Owner Comfort Lyn $650,000
Previous Owner Comfort Lyn $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $801,000 +10.0% $230 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $728,000 -- $209 / 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
2025 $11,818 $1,645,900 $492,900 $1,153,000
2024 $11,564 $1,659,100 $492,900 $1,166,200
2023 $10,928 $1,101,600 $324,500 $777,100
2022 $10,457 $1,088,100 $324,500 $763,600
2021 $6,640 $711,700 $324,500 $387,200
2020 $6,612 $643,200 $288,500 $354,700
2019 $6,612 $643,200 $288,500 $354,700
2018 $6,426 $643,200 $288,500 $354,700
2017 $5,979 $533,400 $221,900 $311,500
2016 $5,830 $533,400 $221,900 $311,500
2015 $5,691 $533,400 $221,900 $311,500
2014 $5,462 $452,900 $173,500 $279,400
Source: Public Records

Agents Affiliated with this Home

  • Jason Smith

    Seller's Agent in 2020

    Jason Smith

    JDS Realty Group

    (413) 221-5918

    1 in this area

    45 Total Sales

    Jason Smith
    Section Image
  • Dennis Oliveira

    Seller Co-Listing Agent in 2020

    Dennis Oliveira

    JDS Realty Group

    (203) 703-2503

    129 Total Sales

    Dennis Oliveira
    Section Image

  • B

    Buyer's Agent in 2020

    Barbara Taylor

    Coldwell Banker Realty

    (401) 529-4499

    54 Total Sales

    Barbara Taylor
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1260962

State-Wide MLS

APN: NEWP-000016-000000-000046

Rhode Island Newport County Newport 02840

24 Elm St, Newport, RI

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