NOT LISTED FOR SALE

3 Red Cross Ave Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $881,000 - $1,299,000

6 Beds
8 Baths
5,181 Sq Ft
$208/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $1,025,000 $198 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,203/month

176 Days on Market

Highlights

  • Deck
  • 3 Fireplaces
  • Porch
  • Marble Flooring
  • 3 Car Detached Garage
  • Central Air

About This Home

As of October 2020

Welcome to 3 Red Cross - the Lyman Blackman House. This stately in-town property is currently used as a single family home, but offers three separate condos that can function as a multi-family, each with at least two beds and two baths and it's own garage. The residence is beautifully surrounded by hedges, trees, and a large lawn. It's walking distance or a short bike ride from Cliff Walk & Newport Beaches. The first unit has a large classic entry way with unique staircase and wood moldings throughout. The kitchen offers tons of light & high ceilings. There is a beautiful barn style pocket door in the larger of two bedrooms that opens up to the deck. The second unit boasts 9 foot ceilings & offers a clean slate for a brand new kitchen - or finish as additional living space for a single family scenario. The third unit offers it's own private entrance on the backside of the property. Large gorgeous windows throughout and private deck on the top level. This is a HUGE property and full of potential.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 03/23/2020

RE/MAX Results

Last Buyer's Agent

Aryn Hawks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,581

Year Built

  • Built in 1900

Lot Details

  • 0.53 Acre Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Combination Foundation
  • Clapboard

Interior Spaces

  • 5,181 Sq Ft Home
  • 3 Fireplaces
  • Fireplace Features Masonry

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 023
  • Assessor Parcel Number 3REDCROSSAVNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,581

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.53
  • Above Grade Finished Sq Ft: 5181.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Masonry
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Marble
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard
  • Exterior Features: Deck, Porch
  • Foundation Details: Combination
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Cooling: Central Air, 1 Unit
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23000.0
  • Parcel #: 3REDCROSSAVNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 10581.0
  • Tax Lot: 023
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
Oct 15, 2020
Sold by
Newport City Of
Bought by
Tortolani Michael
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Aryn Hawks
List Price
$1,300,000
Sold Price
$1,025,000
Premium/Discount to List
-$275,000
-21.15%
Current Estimated Value
$1,079,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,063
Avg. Annual Appreciation
1.01%

Purchase Details

Closed on
Oct 1, 2003
Sold by
Chorbajian Laura
Bought by
Portley Timothy and Portley Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.25%

Purchase Details

Closed on
Mar 12, 1999
Sold by
Sullivan Vincent
Bought by
Yamada Kohsuke and Chorbajian Laura B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tortolani Michael $4,606 None Available
Portley Timothy $450,000 --
Yamada Kohsuke $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yamada Kohsuke $788,000
Previous Owner Yamada Kohsuke $480,000
Previous Owner Yamada Kohsuke $360,000
Previous Owner Yamada Kohsuke $177,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $1,025,000 -21.2% $198 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $1,300,000 -- $251 / 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 $6,248 $719,100 $0 $719,100
2024 $5,012 $719,100 $0 $719,100
2023 $4,766 $480,400 $0 $480,400
2022 $4,617 $480,400 $0 $480,400
2021 $4,448 $476,700 $0 $476,700
2020 $4,606 $448,100 $0 $448,100
2019 $4,606 $448,100 $0 $448,100
2018 $4,477 $448,100 $0 $448,100
2017 $5,012 $447,100 $0 $447,100
2016 $4,887 $447,100 $0 $447,100
2015 $4,771 $447,100 $0 $447,100
2014 $5,929 $491,600 $0 $491,600
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2020

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    5 in this area

    691 Total Sales

    Joe Fitzpatrick
    Section Image

  • A

    Buyer's Agent in 2020

    Aryn Hawks

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Map

Source: State-Wide MLS

MLS Number: 1250346

State-Wide MLS

APN: NEWP-000026-000023-000003

Rhode Island Newport County Newport 02840 Old Beach

3 Red Cross Ave, Newport, RI

Not Listed for Sale

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