NOT LISTED FOR SALE

30 Prospect Hill St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $993,000 - $1,279,000

5 Beds
3 Baths
3,224 Sq Ft
$343/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $749,000 $232 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,852/month

17 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Deck
  • 1 Fireplace
  • 3-minute walk to Queen Anne Square

About This Home

As of July 2021

This legal 3-family property is located in the GENERAL BUSINESS ZONE with great potential to maximize income. There are 2 bedroom units on the first and second floors and a 1 bedroom unit on the third floor. All utilities have been separated. Stroll to the harbor, restaurants and shopping from this renowned Historic Hill location where many of the surrounding properties have been significantly renovated. Ideal investment or owner-occupied opportunity.

Last Agent to Sell the Property

Paul Tobak

Hogan Associates Christie's License #REB.0007427 Listed on: 05/19/2021

Last Buyer's Agent

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,029

Year Built

  • Built in 1850

Lot Details

  • 1,987 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,224 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Thermal Windows
  • Storm Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Zoned Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 220 Volts
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 37
  • Assessor Parcel Number 30PROSPECTHILLSTNEWP

Community Details

Overview

  • 3 Units
  • Historic Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,029

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0456
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 3224.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1850
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Gas, Hot Water, Individual, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1987.0
  • Parcel #: 30PROSPECTHILLSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 5028.98
  • Tax Lot: 37
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 6, 2021
Sold by
Tasso Michael C
Bought by
Mussalli George and Rabbot Sherine
Seller's Agent
Paul Tobak
Hogan Associates Christie's
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$749,000
Sold Price
$749,000
Current Estimated Value
$1,173,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,033
Avg. Annual Appreciation
8.19%
Original Mortgage
$561,700
Outstanding Balance
$512,959
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$523,122

Purchase Details

Listed on
May 19, 2021
Closed on
Jun 16, 2021
Sold by
Tasso Michael C and Tasso Douglas Jessica
Bought by
Tasso Michael C
Seller's Agent
Paul Tobak
Hogan Associates Christie's
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,700
Outstanding Balance
$512,959
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$523,122

Purchase Details

Closed on
Dec 27, 2000
Sold by
Santos Kevin C
Bought by
Tasso Michael C and Tasso Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1993
Sold by
Lukerson Ann Marie and Richardson Paul M
Bought by
Richardson Diprete R and Richardson Paul M
Source: Public Records

Range of Values:

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Average Value
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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
Mussalli George $749,000 None Available
Tasso Michael C -- None Available
Tasso Michael C $275,000 --
Richardson Diprete R $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mussalli George $561,700
Previous Owner Richardson Diprete R $247,500
Previous Owner Richardson Diprete R $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $749,000 0.0% $232 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $749,000 -- $232 / 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
2024 $5,523 $671,900 $475,100 $196,800
2023 $3,943 $397,500 $270,800 $126,700
2022 $5,724 $595,600 $270,800 $324,800
2021 $5,403 $579,100 $270,800 $308,300
2020 $5,029 $489,200 $277,400 $211,800
2019 $5,029 $489,200 $277,400 $211,800
2018 $4,887 $489,200 $277,400 $211,800
2017 $4,908 $437,800 $213,400 $224,400
2016 $4,785 $437,800 $213,400 $224,400
2015 $4,671 $437,800 $213,400 $224,400
2014 $4,278 $354,700 $162,900 $191,800
Source: Public Records

Agents Affiliated with this Home

  • Paul Tobak

    Seller's Agent in 2021

    Paul Tobak

    Hogan Associates Christie's

    (401) 862-9962

    3 in this area

    32 Total Sales

    Section Image
  • Ryan Hazinakis

    Buyer's Agent in 2021

    Ryan Hazinakis

    Keller Williams Coastal

    (401) 477-4251

    4 in this area

    138 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1282899

State-Wide MLS

APN: NEWP-000027-000000-000037

Rhode Island Newport County Newport 02840 Historic Hill

30 Prospect Hill St, Newport, RI

This home is located at 30 Prospect Hill St, Newport, RI 02840 since 19 May 2021 and is currently estimated at $1,104,653, approximately $342 per square foot. This property was built in 1850. 30 Prospect Hill St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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.

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