NOT LISTED FOR SALE

250 Broadway Newport, RI 02840

Estimated Value: $1,114,000 - $1,582,000

8 Beds
3 Baths
6,393 Sq Ft
$203/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $869,000 $136 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $8,013/month

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Forced Air Heating System
  • Attic
  • Bathtub with Shower
  • 4-minute walk to Congdon Parks

About This Home

As of February 2022

Sold prior to print. Entered for comparable purposes only.
Impressive 3 family sitting just above lower Broadway offers stunning curb appeal with classic victorian Queen Anne features.
This gorgeous home has slightly over 4,600 square feet of living space divided between 3 spacious units that are equipped with many original details throughout merged with modern conveniences, such as a washer/dryer in each unit, 3 gas meters, replacement windows, separate electrical, and 2 water meters. This is a rare income-producing property with impressive architectural features that deserve to be admired and preserved.

Last Agent to Sell the Property

Robert Swift

Edge Realty RI License #RES.0040245 Listed on: 02/10/2022

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,283

Year Built

  • Built in 1880

Lot Details

  • 5,583 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Shingle Siding
  • Plaster

Interior Spaces

  • 6,393 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Wood Flooring
  • Laundry in unit
  • Attic

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 084
  • Assessor Parcel Number 250BROADWAYNEWP

Community Details

Overview

  • 3 Units
  • Lower Broadway Subdivision

Building Details

  • Operating Expense $11,083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,283

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1282
  • Subdivision Name: Lower Broadway
  • Above Grade Finished Sq Ft: 6393.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Attic, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Shingle Siding
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas, Hot Water, Oil
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5583.0
  • Parcel #: 250BROADWAYNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 11083.0

Tax Info

  • Tax Annual Amount: 6283.0
  • Tax Lot: 084
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Jan 25, 2022
Sold by
Bianco Andrea J and Stoos Aloysious J
Bought by
Faccidomo Michael
Seller's Agent
Robert Swift
Edge Realty RI
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$869,000
Sold Price
$869,000
Total Days on Market
0
Current Estimated Value
$1,300,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,127
Avg. Annual Appreciation
11.43%
Original Mortgage
$714,285
Outstanding Balance
$667,138
Interest Rate
3.22%
Mortgage Type
FHA
Estimated Equity
$576,191

Purchase Details

Listed on
Feb 2, 2015
Closed on
Nov 12, 2015
Sold by
Bidlack Donald T and Bidlack Kenneth R
Bought by
Stoos Aloysious J and Bianco Andrea J
Seller's Agent
Terrence Toppa
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Susan Silva
HomeSmart Professionals
List Price
$449,000
Sold Price
$430,000
Premium/Discount to List
-$19,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$422,211
Interest Rate
3.87%
Mortgage Type
FHA
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
Faccidomo Michael $869,000 None Available
Stoos Aloysious J $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faccidomo Michael $714,285
Previous Owner Bianco Andrea J $512,500
Previous Owner Bianco Andrea J $500,000
Previous Owner Bianco Andrea J $421,912
Previous Owner Stoos Aloysious J $422,211
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $869,000 0.0% $136 / Sq Ft
02/10/2022 02/10/22 For Sale $869,000 0.0% $136 / Sq Ft
10/14/2019 10/14/19 For Rent $1,700 0.0% --
10/14/2019 10/14/19 Rented $1,700 0.0% --
11/12/2015 11/12/15 Sold $430,000 -4.2% $93 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $449,000 -- $97 / 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 $8,584 $1,044,300 $128,400 $915,900
2023 $6,681 $673,500 $101,400 $572,100
2022 $6,472 $673,500 $101,400 $572,100
2021 $6,284 $673,500 $101,400 $572,100
2020 $5,062 $492,400 $90,500 $401,900
2019 $5,062 $492,400 $90,500 $401,900
2018 $4,919 $492,400 $90,500 $401,900
2017 $5,235 $467,000 $40,900 $426,100
2016 $5,104 $467,000 $40,900 $426,100
2015 $4,983 $467,000 $40,900 $426,100
2014 $4,377 $362,900 $32,700 $330,200
Source: Public Records

Agents Affiliated with this Home

  • Robert Swift

    Seller's Agent in 2022

    Robert Swift

    Edge Realty RI

    (401) 644-9016

    12 in this area

    40 Total Sales

    Robert Swift
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2022

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    23 in this area

    148 Total Sales

    Alex Fraioli
    Section Image
  • Connor Dowd

    Buyer's Agent in 2019

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    13 in this area

    410 Total Sales

    Connor Dowd
    Section Image

  • T

    Seller's Agent in 2015

    Terrence Toppa

    RE/MAX Profnl. Newport, Inc.

  • Susan Silva

    Buyer's Agent in 2015

    Susan Silva

    HomeSmart Professionals

    (401) 529-9259

    44 Total Sales

    Susan Silva
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1303014

State-Wide MLS

APN: NEWP-000014-000085-000004

Rhode Island Newport County Newport 02840

250 Broadway, Newport, RI

This home is located at 250 Broadway, Newport, RI 02840 since 10 February 2022 and is currently estimated at $1,300,127, approximately $203 per square foot. This property was built in 1880. 250 Broadway is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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