NOT LISTED FOR SALE

28 Thurston Ave Newport, RI 02840

North End Residential Neighborhood

Estimated Value: $928,000 - $1,090,000

5 Beds
4 Baths
5,431 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $605,000 $111 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,910/month

32 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Hot Water Heating System
  • Attic

About This Home

As of March 2021

This large two-family home located within a quiet neighborhood just off Broadway has spacious units that provide an ideal layout for an owner-occupied, income-producing property. Or, it will perform well for an investor looking for a profitable multi-family with low maintenance yearly leases. Both units have private entrances, separate utilities, original hardwood floors, tall ceilings, and updated kitchens fully equipped with modern appliances. The first-floor unit has 2 bedrooms, 1.5 baths, a spacious living room, and a nice kitchen that opens to the dining room and foyer. The second-floor unit provides an open floor plan, 3 bedrooms, 1.5 baths, and a private deck. Unit 2 also has a great opportunity to substantially increase its size and rental income by converting the spacious third-floor walk-up into living space. With the third floor's high ceilings, you could add at least 500 sq ft of legal living space without a dormer or add a large shed dormer and create a stunning "owners unit." The third floor has already been plumbed for a full bath and wired with electricity. It is just waiting to be finished! Other property features include a shared backyard, just installed new oil boiler and hot water tank for unit 1, a new high-efficiency gas heating system for unit 2, separate electrical, and two water meters. The large dry basement offers tenants more than enough room for storage, or, for the owner-occupied buyer, an ideal workshop or home gym.

Last Agent to Sell the Property

Robert Swift

Edge Realty RI License #RES.0040245 Listed on: 01/01/2021

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,850

Year Built

  • Built in 1920

Lot Details

  • 3,205 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,431 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 550
  • Assessor Parcel Number 28THURSTONAVNEWP

Community Details

Overview

  • 2 Units
  • Upper Broadway Subdivision

Building Details

  • Operating Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,850

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0736
  • Subdivision Name: Upper Broadway
  • Above Grade Finished Sq Ft: 5431.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3205.0
  • Parcel #: 28THURSTONAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 500.0

Tax Info

  • Tax Annual Amount: 3850.0
  • Tax Lot: 550
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2021
Closed on
Mar 12, 2021
Sold by
Pignolet David and Pignolet Elizabeth
Bought by
Patel Shiv
Seller's Agent
Robert Swift
Edge Realty RI
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$610,000
Sold Price
$605,000
Premium/Discount to List
-$5,000
-0.82%
Current Estimated Value
$1,021,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,807
Avg. Annual Appreciation
12.12%
Original Mortgage
$453,750
Outstanding Balance
$406,755
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$615,052

Purchase Details

Listed on
Mar 15, 2019
Closed on
Apr 5, 2019
Sold by
Driscoll Stephen P and Driscoll Amy S
Bought by
Pignolet David and Pignolet Elizabeth
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Robert Swift
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.97%
Original Mortgage
$356,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2008
Sold by
Hologgitas Joanne
Bought by
Driscoll Stephen and Driscoll Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patel Shiv $605,000 None Available
Pignolet David $475,000 --
Driscoll Stephen $314,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Shiv $453,750
Previous Owner Pignolet David $356,250
Previous Owner Driscoll Stephen $52,500
Previous Owner Driscoll Stephen $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $605,000 -0.8% $111 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $610,000 +28.4% $112 / Sq Ft
04/29/2019 04/29/19 Sold $475,000 +5.6% $87 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $450,000 -- $83 / 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 $5,903 $822,200 $201,800 $620,400
2024 $6,758 $822,200 $201,800 $620,400
2023 $5,318 $536,100 $142,700 $393,400
2022 $5,152 $536,100 $142,700 $393,400
2021 $5,002 $536,100 $142,700 $393,400
2020 $3,851 $374,600 $127,800 $246,800
2019 $3,851 $374,600 $127,800 $246,800
2018 $3,742 $374,600 $127,800 $246,800
2017 $3,261 $290,900 $74,600 $216,300
2016 $3,180 $290,900 $74,600 $216,300
2015 $3,104 $290,900 $74,600 $216,300
2014 $3,159 $261,900 $66,800 $195,100
Source: Public Records

Agents Affiliated with this Home

  • Robert Swift

    Seller's Agent in 2021

    Robert Swift

    Edge Realty RI

    (401) 644-9016

    2 in this area

    37 Total Sales

    Robert Swift
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2021

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    6 in this area

    136 Total Sales

    Alex Fraioli
    Section Image
  • Joe Fitzpatrick

    Seller's Agent in 2019

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    14 in this area

    698 Total Sales

    Joe Fitzpatrick
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1272537

State-Wide MLS

APN: NEWP-000007-000000-000550

Rhode Island Newport County Newport 02840 North End Residential

28 Thurston Ave, Newport, RI

This home is located at 28 Thurston Ave, Newport, RI 02840 since 01 January 2021 and is currently estimated at $1,021,807, approximately $188 per square foot. This property was built in 1920. 28 Thurston Ave 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.

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.

State-Wide MLS 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