NOT LISTED FOR SALE

32 3rd St Newport, RI 02840

Estimated Value: $912,000 - $1,089,000

2 Beds
1.5 Baths
983 Sq Ft
$1,047/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $950,000 $966 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,087/month

69 Days on Market

Highlights

  • Deck
  • Cottage
  • Patio
  • Marble Flooring
  • Thermal Windows
  • 5-minute walk to Storer Park

About This Home

As of November 2022

Privacy and perfection on The Point. Nestled off the street in a quiet, lush garden, stands an exquisite cottage that has been meticulously renovated. Carefully restored with all new systems, new cement basement floor, all new electrical service, all new plumbing, central AC, new roof, new windows, new doors, new siding and interiors make this special property turn key. Wherever possible, charming original detail of the 1860s was refurbished, while the new kitchen, baths and floor plan handsomely provide all the amenities for comfortable living today. A third room on the second floor creates flexibility for a third bedroom, dressing room or office. Gleaming vintage wood floors, high end appliances, lovely tile and counter choices, a spacious new deck with privacy fencing and a blue stone patio await. Steps from Newport Harbor and the notable array of fantastic restaurants, shops and renowned attractions of Newport, this offering has it all including two roomy off street parking spaces.

Last Agent to Sell the Property

Kathleen Greenman

Gustave White Sotheby's Realty License #RES.0014874 Listed on: 09/06/2022

Gustave White Sotheby's Realty

Last Buyer's Agent

Teri Degnan

Teri Degnan RE & Consulting License #REC.0015615

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,595

Year Built

  • Built in 1860

Lot Details

  • 2,843 Sq Ft Lot
  • Property is zoned R-10

Home Design

  • Cottage
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 983 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Community Details

  • The Point Subdivision

Listing and Financial Details

  • Tax Lot 127-4
  • Assessor Parcel Number 32THIRDSTNEWP

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,595

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0653
  • Inclusions: Flood insurance is $1,500
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 983.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1860
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable TV
  • Living Area: 983.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster
  • Exterior Features: Deck, Patio
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2843.0
  • Parcel #: 32THIRDSTNEWP
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5594.94
  • Tax Lot: 127-4
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Nov 14, 2022
Sold by
Vivian Kenneth J and Vivian Kathryn R
Bought by
Souza James D and Souza Brittany C
Seller's Agent
Kathleen Greenman
Gustave White Sotheby's Realty
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$1,099,000
Sold Price
$950,000
Premium/Discount to List
-$149,000
-13.56%
Views
118
Current Estimated Value
$1,028,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,922
Avg. Annual Appreciation
2.85%
Original Mortgage
$760,000
Outstanding Balance
$722,238
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$306,684

Purchase Details

Closed on
Jul 28, 1997
Sold by
Hughes David J and Burns Barbara A
Bought by
Alogna Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Souza James D $950,000 None Available
Alogna Robert W $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Souza James D $760,000
Previous Owner Alogna Robert W $87,750
Previous Owner Alogna Robert W $116,800
Previous Owner Alogna Robert W $142,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $950,000 -13.6% $966 / Sq Ft
09/06/2022 09/06/22 For Sale $1,099,000 +88.7% $1,118 / Sq Ft
06/16/2016 06/16/16 Sold $582,500 +8.1% $593 / Sq Ft
05/20/2016 05/20/16 For Sale $539,000 -- $548 / 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 $7,833 $901,500 $439,600 $461,900
2024 $6,283 $901,500 $439,600 $461,900
2023 $5,775 $582,200 $289,400 $292,800
2022 $5,595 $582,200 $289,400 $292,800
2021 $5,432 $582,200 $289,400 $292,800
2020 $5,382 $523,500 $280,000 $243,500
2019 $5,382 $523,500 $280,000 $243,500
2018 $5,230 $523,500 $280,000 $243,500
2017 $4,436 $395,700 $215,200 $180,500
2016 $4,325 $395,700 $215,200 $180,500
2015 $4,222 $395,700 $215,200 $180,500
2014 $4,711 $390,600 $168,300 $222,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1319343

State-Wide MLS

APN: NEWP-000012-000127-000004