Seller's Agent in 2021
Peter Schmitz
Gower And Co.
(781) 571-1319
1 in this area
2 Total Sales
3 3rd St Newport, RI 02840
Estimated Value: $1,014,000 - $1,125,000
2
Beds
1.5
Baths
1,100
Sq Ft
$970/Sq Ft
Est. Value
Highlights
- Beach Front
- Golf Course Community
- Wood Flooring
- Marina
- Water Access
- 1-minute walk to Eisenhower Park
About This Home
As of March 2021This hip, modernized 1920's house located in the highly sought-after Point neighborhood is ideal for anyone seeking turn key digs in Newport. A very short walk to downtown, Goat Island and the harbor, this location provides easy access to dining, shopping and outdoor recreation without getting in your car. Rooms are defined by high ceilings, black and white decor and white washed original hard pinewood flooring. The first floor is light filled and open with designated spaces for kitchen, dining and living areas. Southern facing french doors lead to an expansive blue stone patio allowing for gracious outdoor entertaining. Two spacious bedrooms and full bath occupy the second floor. The property includes a delightful perennial garden and fenced yard with gates for optional off street parking, a 50 square foot storage shed and an outdoor shower. Artistically renovated by owner/designer in 2018, 3 Third Street is perfect for those hunting for a high-styled low-maintenance abode. Many existing furnishings negotiable for a largely furnished sale. Great location for those considering rental income with it's proximity to downtown, parks and Goat Island.
Last Agent to Sell the Property
Gower And Co. License #RES.0043667 Listed on: 08/19/2020
Last Buyer's Agent
John Gower
Gower And Co.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,843
Year Built
- Built in 1910
Lot Details
- 2,178 Sq Ft Lot
- Beach Front
- Fenced
- Property is zoned R10
Parking
- No Garage
Home Design
- Brick Foundation
- Masonry
- Plaster
Interior Spaces
- 1,100 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Crawl Space
- Dryer
- Attic
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathtub with Shower
Outdoor Features
- Water Access
- Walking Distance to Water
- Mooring
Location
- Property near a hospital
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Radiant Heating System
- 100 Amp Service
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 88
- Assessor Parcel Number 3THIRDSTNEWP
Community Details
Overview
- The Point Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 16, 2024
Sold by
Chevrette Benjamin and Humphreys Scott
Bought by
Nolan Mark E and Nolan Susan A
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$449,412
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$558,225
Purchase Details
Listed on
Apr 13, 2017
Closed on
Sep 1, 2017
Sold by
Kalousdian Jeffrey M
Bought by
Schmitz Peter E
Seller's Agent
David McCauley
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Kristin Parella
Lila Delman Compass
List Price
$379,500
Sold Price
$350,000
Premium/Discount to List
-$29,500
-7.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%
Original Mortgage
$280,000
Interest Rate
3.38%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Nolan Mark E | $930,000 | None Available | |
| Schmitz Peter E | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nolan Mark E | $455,000 | |
| Previous Owner | Humphreys Benjamin C | $572,000 | |
| Previous Owner | Schmitz Peter E | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2021 03/05/21 | Sold | $715,000 | -7.1% | $650 / Sq Ft |
| 02/03/2021 02/03/21 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | For Sale | $769,900 | +120.0% | $700 / Sq Ft |
| 09/01/2017 09/01/17 | Sold | $350,000 | -7.8% | $358 / Sq Ft |
| 08/02/2017 08/02/17 | Pending | -- | -- | -- |
| 04/13/2017 04/13/17 | For Sale | $379,500 | -- | $388 / 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 |
|---|---|---|---|---|
| 2024 | $7,511 | $913,700 | $428,900 | $484,800 |
| 2023 | $5,977 | $602,500 | $282,300 | $320,200 |
| 2022 | $5,735 | $596,800 | $282,300 | $314,500 |
| 2021 | $5,568 | $596,800 | $282,300 | $314,500 |
| 2020 | $3,843 | $373,800 | $250,700 | $123,100 |
| 2019 | $3,843 | $373,800 | $250,700 | $123,100 |
| 2018 | $3,734 | $373,800 | $250,700 | $123,100 |
| 2017 | $3,935 | $351,000 | $214,200 | $136,800 |
| 2016 | $3,836 | $351,000 | $214,200 | $136,800 |
| 2015 | $3,745 | $351,000 | $214,200 | $136,800 |
| 2014 | $3,727 | $309,000 | $167,500 | $141,500 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Schmitz
-
John Gower
Buyer's Agent in 2021
John Gower
Gower And Co.
(401) 339-0900
1 in this area
17 Total Sales
-
David McCauley
Seller's Agent in 2017
David McCauley
RE/MAX Profnl. Newport, Inc.
(401) 862-6206
6 in this area
72 Total Sales
-
Dawn McCauley
Seller Co-Listing Agent in 2017
Dawn McCauley
RE/MAX Profnl. Newport, Inc.
(401) 864-6348
5 in this area
77 Total Sales
-
Kristin Parella
Buyer's Agent in 2017
Kristin Parella
Lila Delman Compass
(401) 450-9026
22 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1260769
APN: NEWP-000016-000000-000088
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