D
Seller's Agent in 2022
Dan Driscoll
Coastal Properties RI
(401) 207-6200
1 in this area
72 Total Sales
3 Clinton St Newport, RI 02840
Fifth Ward Neighborhood
8
Beds
5
Baths
3,550
Sq Ft
5,663
Sq Ft Lot
Highlights
- Marina
- Golf Course Community
- Tennis Courts
- Water Views
- Wood Flooring
- 2-minute walk to Harry G. Hogan Memorial Field
About This Home
As of April 2022Investors take note Legal 4 unit property located in the Fifth Ward. This property has two separate buildings on one lot. The building closest to the street is the rental property. The second building lends itself to being a great owner-occupied property .Live for free, or rent it out for positive cash flow. The front building is the original 1920's home that has been converted into three units, 2 - 1 BD/1 BA and 1 -2BD/1 BA. The property has an excellent rental history all three units currently have leases in place (the sale is contingent on all leases being honored). In the back is the detached garage that has been converted into a very spacious 4BD owner's unit boasting two full baths with custom marble showers and a great open living room. The property has been well maintained through the years. The newer roof has 30-year architectural shingles. The vinyl siding is great for easy exterior maintenance. The new PVC fence surrounding the entire property gives you privacy all year round. Tons of off-street parking, which is always in demand in Newport. Partial water views, the home sits directly across the street from Spencer Park, and adjacent to the property is Kings Park which is right on the water. Don't forget the proximity to downtown Newport, local beaches, and the many parks and recreational opportunities in the area. Seller wants to sell the entire property turnkey.
Last Agent to Sell the Property
Coastal Properties RI License #REB.0018922 Listed on: 01/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,500
Year Built
- Built in 1920
Lot Details
- 5,663 Sq Ft Lot
- Fenced
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 3,550 Sq Ft Home
- 2-Story Property
- Water Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
Parking
- 8 Parking Spaces
- No Garage
- Driveway
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
- 200+ Amp Service
- Gas Water Heater
Additional Features
- Walking Distance to Water
- Property near a hospital
Listing and Financial Details
- Tax Lot 112
- Assessor Parcel Number 3CLINTONSTNEWP
Community Details
Overview
- 2 Buildings
- 4 Units
- Fifth Ward Subdivision
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Additional Features
- Shops
- Operating Expense $8,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 18, 2024
Sold by
526 Thames St Llc
Bought by
Ethier Sarah E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Outstanding Balance
$188,258
Interest Rate
6.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Nov 27, 2024
Sold by
526 Thames St Llc
Bought by
Crowley Brian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Outstanding Balance
$188,258
Interest Rate
6.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Nov 18, 2024
Sold by
526 Thames St Llc
Bought by
Amaro Brenda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Outstanding Balance
$188,258
Interest Rate
6.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Jan 18, 2022
Closed on
Mar 22, 2022
Sold by
Lussier Joseph P and Lussier Tara C
Bought by
526 Thames Street Llc
Seller's Agent
Dan Driscoll
Coastal Properties RI
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$1,190,000
Sold Price
$1,200,000
Premium/Discount to List
$10,000
0.84%
Purchase Details
Closed on
Mar 21, 2014
Sold by
Lussier Joseph P
Bought by
Lussier Joseph P and Lussier Tara C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 23, 2011
Sold by
Lussier Mary C
Bought by
Lussier Joseph P
Purchase Details
Closed on
Sep 11, 2003
Sold by
Deamicis Shawn
Bought by
Lussier Mary
Purchase Details
Closed on
Jun 6, 2000
Sold by
Turchetta David J and Sousa Christopher E
Bought by
Deamicis Shawn
Purchase Details
Closed on
May 12, 1999
Sold by
Ripa Barbara A
Bought by
Sousa Christopher and Turchetta David J
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 |
|---|---|---|---|
| Ethier Sarah E | $345,000 | None Available | |
| Ethier Sarah E | $345,000 | None Available | |
| Ethier Sarah E | $345,000 | None Available | |
| Crowley Brian | $350,000 | None Available | |
| Crowley Brian | $350,000 | None Available | |
| Crowley Brian | $350,000 | None Available | |
| Amaro Brenda | $540,000 | None Available | |
| Amaro Brenda | $540,000 | None Available | |
| Amaro Brenda | $540,000 | None Available | |
| 526 Thames Street Llc | $1,200,000 | None Available | |
| 526 Thames Street Llc | $1,200,000 | None Available | |
| 526 Thames Street Llc | $1,200,000 | None Available | |
| Lussier Joseph P | -- | -- | |
| Lussier Joseph P | -- | -- | |
| Lussier Joseph P | -- | -- | |
| Lussier Joseph P | -- | -- | |
| Lussier Joseph P | -- | -- | |
| Lussier Mary | $461,500 | -- | |
| Lussier Mary | $461,500 | -- | |
| Deamicis Shawn | $322,500 | -- | |
| Deamicis Shawn | $322,500 | -- | |
| Sousa Christopher | $192,500 | -- | |
| Sousa Christopher | $192,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ethier Sarah E | $189,750 | |
| Closed | Ethier Sarah E | $189,750 | |
| Open | Crowley Brian | $315,000 | |
| Closed | Crowley Brian | $315,000 | |
| Previous Owner | Sousa Christopher | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2022 04/04/22 | Sold | $1,200,000 | +0.8% | $338 / Sq Ft |
| 03/05/2022 03/05/22 | Pending | -- | -- | -- |
| 01/18/2022 01/18/22 | For Sale | $1,190,000 | -- | $335 / 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 | $10,571 | $1,251,300 | $437,200 | $814,100 |
| 2024 | $10,571 | $1,286,000 | $437,200 | $848,800 |
| 2023 | $8,317 | $838,400 | $285,800 | $552,600 |
| 2022 | $7,832 | $815,000 | $285,800 | $529,200 |
| 2021 | $7,604 | $815,000 | $285,800 | $529,200 |
| 2020 | $6,305 | $613,300 | $228,100 | $385,200 |
| 2019 | $9,457 | $613,300 | $228,100 | $385,200 |
| 2018 | $9,187 | $613,300 | $228,100 | $385,200 |
| 2017 | $8,481 | $545,400 | $163,200 | $382,200 |
| 2016 | $8,268 | $545,400 | $163,200 | $382,200 |
| 2015 | $8,066 | $545,400 | $163,200 | $382,200 |
| 2014 | $8,094 | $484,100 | $138,700 | $345,400 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Driscoll
-
Alex Fraioli
Buyer's Agent in 2022
Alex Fraioli
Edge Realty RI
(401) 255-9109
13 in this area
136 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1301541
APN: NEWP-000039-000000-000112
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