Seller's Agent in 2022
Edith Cushing
RE/MAX Profnl. Newport, Inc.
(401) 848-6750
5 in this area
42 Total Sales
28 Newport Ave Newport, RI 02840
Estimated Value: $831,000 - $1,070,000
4
Beds
2
Baths
2,155
Sq Ft
$426/Sq Ft
Est. Value
Highlights
- Marina
- Wooded Lot
- Attic
- Golf Course Community
- Wood Flooring
- Tennis Courts
About This Home
As of April 2022Victorian Two Family Home in a Great Newport Location near the Hospital and Trendy Broadway. Two Spacious and Bright Apartments each with 2 bedrooms & one bath. Both apartments include living room, dining room and good size eat in kitchen. High ceilings, period detail and hardwood floors throughout that were recently sanded. The entry has a covered porch and small enclosed common sitting area. Front door leads to large common Foyer and beautiful curved stairway to the 2nd floor apartment. Easy maintenance with vinyl siding and replacement windows. Very efficient to run with a two new high efficiency gas heating systems. All separate utilities including separate laundry set ups. This is a perfect owner occupied property or a great investment opportunity. The unfinished third floor could be finished to add 2 more bedrooms and a bath for more living space for the 2nd floor apartment. Tenants in place. Second floor vacant on 3-1-2022. Two off street parking. Fenced yard. Easy on and off the Island. Close to the Naval Base. Walk to the Broadway shops and restaurants.
Last Agent to Sell the Property
RE/MAX Profnl. Newport, Inc. License #REB.0017022 Listed on: 02/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,772
Year Built
- Built in 1900
Lot Details
- 2,460 Sq Ft Lot
- Fenced
- Wooded Lot
Home Design
- Stone Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 2,155 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Storage Room
- Utility Room
- Permanent Attic Stairs
- Storm Doors
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Walking Distance to Water
- Porch
Location
- Property near a hospital
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Hot Water Heating System
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 210
- Assessor Parcel Number 28NEWPORTAVNEWP
Community Details
Overview
- 2 Units
- Off Broadway/Hospital Area Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2022
Closed on
Apr 1, 2022
Sold by
Lennoxlove Inv Llc
Bought by
Wei Changhan and Chen Qionglian
Seller's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Sean McElroy
RE/MAX Profnl. Newport, Inc.
List Price
$675,000
Sold Price
$668,668
Premium/Discount to List
-$6,332
-0.94%
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
$249,311
Avg. Annual Appreciation
9.15%
Original Mortgage
$501,501
Outstanding Balance
$467,723
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$450,256
Purchase Details
Listed on
Nov 3, 2014
Closed on
Apr 24, 2015
Sold by
Olaynack Kevin M
Bought by
Lennoxlove Inv Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
List Price
$299,900
Sold Price
$277,000
Premium/Discount to List
-$22,900
-7.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Purchase Details
Closed on
Sep 29, 2004
Sold by
Olaynack Joseph
Bought by
Olaynack Kevin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Wei Changhan | $668,668 | None Available | |
| Lennoxlove Inv Llc | $277,000 | -- | |
| Olaynack Kevin | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wei Changhan | $501,501 | |
| Previous Owner | Olaynack Kevin | $25,000 | |
| Previous Owner | Olaynack Kevin | $215,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/08/2022 04/08/22 | Sold | $668,668 | -0.9% | $310 / Sq Ft | |
| 02/03/2022 02/03/22 | For Sale | $675,000 | +143.7% | $313 / Sq Ft | |
| 04/24/2015 04/24/15 | Sold | $277,000 | -7.6% | $132 / Sq Ft | View Prior Sale |
| 03/25/2015 03/25/15 | Pending | -- | -- | -- | |
| 11/03/2014 11/03/14 | For Sale | $299,900 | -- | $143 / 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 |
|---|---|---|---|---|
| 2025 | $4,467 | $622,100 | $140,900 | $481,200 |
| 2024 | $4,259 | $611,000 | $140,900 | $470,100 |
| 2023 | $4,011 | $404,300 | $107,800 | $296,500 |
| 2022 | $3,885 | $404,300 | $107,800 | $296,500 |
| 2021 | $3,772 | $404,300 | $107,800 | $296,500 |
| 2020 | $3,269 | $318,000 | $96,300 | $221,700 |
| 2019 | $3,269 | $318,000 | $96,300 | $221,700 |
| 2018 | $3,177 | $318,000 | $96,300 | $221,700 |
| 2017 | $3,009 | $268,400 | $74,100 | $194,300 |
| 2016 | $2,934 | $268,400 | $74,100 | $194,300 |
| 2015 | $2,864 | $268,400 | $74,100 | $194,300 |
| 2014 | $2,757 | $228,600 | $54,600 | $174,000 |
Source: Public Records
Agents Affiliated with this Home
-
Edith Cushing
-
Sean McElroy
Buyer's Agent in 2022
Sean McElroy
RE/MAX Profnl. Newport, Inc.
1 in this area
14 Total Sales
-
Joe Fitzpatrick
Seller's Agent in 2015
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
60 in this area
686 Total Sales
-
Joseph Fitzpatrick
Seller Co-Listing Agent in 2015
Joseph Fitzpatrick
RE/MAX Results
(401) 848-7827
12 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1302621
APN: NEWP-000010-000000-000210
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Nearby Homes
- 4 Newport Ave Unit B2
- 53 Warner St
- 125 Van Zandt Ave Unit 307
- 3 Vicksburg Place
- 5 Bowser Ct
- 44 Warner St
- 17 Lincoln St
- 155 Evarts St
- 1 Arnold Ave
- 7 Sheffield Ave
- 17 Warner St
- 102 Broadway Unit 2B
- 26 Prescott Hall Rd
- 23 Mann Ave Unit 4
- 27 Soar Way
- 42 Mann Ave
- 31 Coddington St Unit 24
- 78 Rhode Island Ave Unit 6
- 78 Rhode Island Ave Unit 8
- 12 Poplar St
- 28 Newport Ave Unit 1
- 28 Newport Ave Unit 2
- 30 Newport Ave
- 4 Nicol Terrace
- 2 Nicol Terrace
- 26 Newport Ave
- 36 Newport Ave
- 27 Newport Ave
- 5 Nicol Terrace
- 3 Nicol Terrace
- 32 Newport Ave
- 25 Newport Ave
- 25 Newport Ave Unit 1
- 25 Newport Ave Unit 2
- 6 Nicol Terrace
- 29 Newport Ave
- 1 Nicol Terrace
- 86 Warner St
- 24 Newport Ave
- 24 Newport Ave Unit B2