Seller's Agent in 2025
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
43 in this area
690 Total Sales
3 Sharon Ct Newport, RI 02840
Fifth Ward Neighborhood
4
Beds
2
Baths
1,649
Sq Ft
2,320
Sq Ft Lot
Highlights
- Marina
- Attic
- Tankless Water Heater
- Wood Flooring
- Recreation Facilities
- 3-minute walk to Spencer Park
About This Home
As of October 20253 Sharon Court is an updated duplex in a prime downtown Newport location, just three doors off Thames Street. This turnkey multi-family property includes off-street parking for up to 4 cars, separate utilities, and individual laundry for each unit, making it a standout opportunity for both investors and owner-occupants. The property features two 2-bedroom, 1-bathroom units. One is leased through May 2026, providing immediate rental income, while the other is vacant and ready for occupancy. Recent updates include a roof replaced five years ago, new PVC plumbing, updated electrical systems, a new patio, an outdoor shower, and low-maintenance vinyl siding. Unit 1 has a newly installed Navien combi-boiler system (less than a year old), providing efficient heating and hot water. Both units feature refinished hardwood floors, updated bathrooms, and kitchens with stainless steel appliances, gas ranges, and granite countertops. Separate utilities keep owner expenses to a minimum, with tenants responsible for utility costs. The seller prefers to sell the property furnished, making it an ideal turnkey option for buyers. One block from Newport Harbor, great restaurants, and local shops, THIS is the one you've been waiting for.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,481
Year Built
- Built in 1900
Lot Details
- 2,320 Sq Ft Lot
Home Design
- Stone Foundation
- Vinyl Siding
Interior Spaces
- 1,649 Sq Ft Home
- 3-Story Property
- Permanent Attic Stairs
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 403
- Assessor Parcel Number 3SHARONCTNEWP
Community Details
Overview
- 2 Units
- Fifth Ward / Wellington Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Marina
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2025
Closed on
Oct 31, 2025
Sold by
Morelli Jarrad L
Bought by
Torra Joseph A and Torra Heather J
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Beverly Cloutier
HomeSmart Professionals
List Price
$995,000
Sold Price
$995,000
Views
37
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.00%
Original Mortgage
$746,250
Outstanding Balance
$746,250
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$308,055
Purchase Details
Listed on
Oct 27, 2017
Closed on
Mar 14, 2018
Sold by
Alves Kenneth J
Bought by
Morelli Jarred L
Seller's Agent
Ryan Hazinakis
Keller Williams Coastal
Buyer's Agent
Tracie Hall
Keller Williams Coastal
List Price
$619,000
Sold Price
$525,000
Premium/Discount to List
-$94,000
-15.19%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$507,478
Interest Rate
4.22%
Mortgage Type
FHA
Purchase Details
Listed on
Mar 28, 2012
Closed on
May 18, 2012
Sold by
Pine Emily R Est and Mello
Bought by
Alves Kenneth J
Seller's Agent
John Silvia
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Non-Mls Member
Non-Mls Member
List Price
$169,000
Sold Price
$175,000
Premium/Discount to List
$6,000
3.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.78%
Original Mortgage
$250,000
Interest Rate
4.01%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $995,000 | -- | |
| Warranty Deed | $525,000 | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $746,250 | Purchase Money Mortgage | |
| Previous Owner | $507,478 | FHA | |
| Previous Owner | $280,000 | No Value Available | |
| Previous Owner | $250,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2025 10/31/25 | Sold | $995,000 | 0.0% | $603 / Sq Ft | |
| 09/28/2025 09/28/25 | Pending | -- | -- | -- | |
| 08/14/2025 08/14/25 | For Sale | $995,000 | 0.0% | $603 / Sq Ft | |
| 07/19/2018 07/19/18 | Rented | $3,500 | -16.7% | -- | |
| 06/19/2018 06/19/18 | Under Contract | -- | -- | -- | |
| 04/07/2018 04/07/18 | For Rent | $4,200 | 0.0% | -- | |
| 03/14/2018 03/14/18 | Sold | $525,000 | -15.2% | $306 / Sq Ft | View Prior Sale |
| 02/12/2018 02/12/18 | Pending | -- | -- | -- | |
| 10/27/2017 10/27/17 | For Sale | $619,000 | +253.7% | $361 / Sq Ft | |
| 05/18/2012 05/18/12 | Sold | $175,000 | +3.6% | $132 / Sq Ft | View Prior Sale |
| 04/18/2012 04/18/12 | Pending | -- | -- | -- | |
| 03/28/2012 03/28/12 | For Sale | $169,000 | -- | $127 / 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 | $5,661 | $788,500 | $347,800 | $440,700 |
| 2024 | $6,481 | $788,500 | $347,800 | $440,700 |
| 2023 | $5,033 | $507,400 | $227,300 | $280,100 |
| 2022 | $4,876 | $507,400 | $227,300 | $280,100 |
| 2021 | $4,734 | $507,400 | $227,300 | $280,100 |
| 2020 | $4,255 | $413,900 | $217,700 | $196,200 |
| 2019 | $4,255 | $413,900 | $217,700 | $196,200 |
| 2018 | $4,135 | $413,900 | $217,700 | $196,200 |
| 2017 | $3,674 | $327,700 | $155,700 | $172,000 |
| 2016 | $3,582 | $327,700 | $155,700 | $172,000 |
| 2015 | $3,497 | $327,700 | $155,700 | $172,000 |
| 2014 | $3,425 | $284,000 | $132,300 | $151,700 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Fitzpatrick
-
Beverly Cloutier
B
Buyer's Agent in 2025
Beverly Cloutier
HomeSmart Professionals
(401) 265-3703
1 in this area
13 Total Sales
-
Tracie Hall
Seller's Agent in 2018
Tracie Hall
Keller Williams Coastal
(401) 602-5162
1 in this area
82 Total Sales
-
Ryan Hazinakis
Seller's Agent in 2018
Ryan Hazinakis
Keller Williams Coastal
(401) 477-4251
4 in this area
118 Total Sales
-
Kylie Mccollough
Buyer's Agent in 2018
Kylie Mccollough
Mott & Chace Sotheby's Intl.
(401) 864-8830
1 in this area
43 Total Sales
-
John Silvia
Seller's Agent in 2012
John Silvia
RE/MAX Profnl. Newport, Inc.
22 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1392320
APN: NEWP-000039-000000-000403
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