NOT LISTED FOR SALE

Estimated Value: $780,000 - $957,000

2 Beds
1.5 Baths
978 Sq Ft
$910/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $725,000 $741 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,130/month

2 Days on Market

Highlights

  • Cathedral Ceiling
  • Cottage
  • Cooling Available
  • Wood Flooring
  • Skylights
  • 5-minute walk to Aquidneck Park

About This Home

As of May 2022

Perched atop the Yachting Village on a secret tucked away street, this gem of a cottage is the perfect getaway retreat. Enjoy the light-filled upstairs with open loft-like space, hardwood floors, exposed beams and winter harbor views. A charming cast iron stove and deck just off the living room keep you toasty in the winter and sunny in the summer. First floor laundry and off street parking complete the appeal of this well-maintained home in one of Newport's most special locations.

Last Agent to Sell the Property

Caroline Richards

Serhant Rhode Island License #RES.0035858 Listed on: 04/19/2022

Co-Listed By

Gordon King

Hogan Associates Christie's License #RES.0040040

Last Buyer's Agent

Alice Sheerin

Teri Degnan RE & Consulting License #RES.0032864

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,055

Year Built

  • Built in 1836

Lot Details

  • 1,383 Sq Ft Lot
  • Property is zoned R10

Home Design

  • Cottage
  • Combination Foundation
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 978 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • Yachting Village Subdivision

Listing and Financial Details

  • Tax Lot 179
  • Assessor Parcel Number 26WESTSTNEWP

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,055

Year Built

Built in 1836

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0317
  • Co List Office Mls Id: HOGN02
  • Co List Office Phone: 401-680-6588
  • Subdivision Name: YACHTING VILLAGE
  • Above Grade Finished Sq Ft: 978.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1836
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Insert, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower
  • Living Area: 978.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Clapboard, Shingle Siding
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1383.0
  • Parcel #: 26WESTSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5055.0
  • Tax Lot: 179
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2024
Sold by
Burns James H and Burns Martha M
Bought by
Burns Fret and Burns B
Current Estimated Value
$889,933

Purchase Details

Listed on
Apr 19, 2022
Closed on
May 19, 2022
Sold by
Farrell Susan M and Farrell William L
Bought by
Burns Martha M and Burns James H
Seller's Agent
Caroline Richards
Serhant Rhode Island
Buyer's Agent
Alice Sheerin
Teri Degnan RE & Consulting
List Price
$650,000
Sold Price
$725,000
Premium/Discount to List
$75,000
11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$400,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2017
Sold by
Farrell Susan M
Bought by
Farrell Susan M and Farrell William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 1993
Sold by
Cottrell James J
Bought by
Mergenthaler Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Burns Fret -- None Available
Burns Martha M $725,000 None Available
Farrell Susan M -- --
Mergenthaler Susan M $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burns Martha M $400,000
Previous Owner Farrell Susan M $225,000
Previous Owner Mergenthaler Susan M $221,000
Previous Owner Mergenthaler Susan M $104,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2022 05/19/22 Sold $725,000 +11.5% $741 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $650,000 -- $665 / 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 $4,943 $688,400 $321,400 $367,000
2024 $4,798 $688,400 $321,400 $367,000
2023 $5,413 $545,700 $210,100 $335,600
2022 $5,208 $541,900 $210,100 $331,800
2021 $5,056 $541,900 $210,100 $331,800
2020 $5,290 $514,600 $215,500 $299,100
2019 $5,290 $514,600 $215,500 $299,100
2018 $5,141 $514,600 $215,500 $299,100
2017 $4,635 $413,500 $154,200 $259,300
2016 $4,520 $413,500 $154,200 $259,300
2015 $4,412 $413,500 $154,200 $259,300
2014 $4,612 $382,400 $131,100 $251,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1307813

State-Wide MLS

APN: NEWP-000032-000000-000179