Landlord's Agent in 2025
Alex Fraioli
Edge Realty RI
(401) 255-9109
2 in this area
139 Total Sales
34 E Bowery St Newport, RI 02840
Memorial Boulevard Neighborhood
4
Beds
2
Baths
1,600
Sq Ft
$504
Price per Sq Ft
Highlights
- Wood Flooring
- No HOA
- 2-minute walk to Freebody Park
- Furnished
- Central Heating and Cooling System
About This Home
As of June 2025**Summer Rental** Currently under complete renovation, this 4-bedroom, 2-bathroom home will combine modern luxury with classic Newport charm in an unbeatable location. With 4 parking spaces and a massive fenced-in yard featuring a stunning bluestone patio, this property is perfect for entertaining, relaxing, or enjoying the beauty of Newport's coastal lifestyle. Every inch of this home will been upgraded, from its brand-new exterior with updated framing, windows, and siding to its thoughtfully designed interior. The open-concept first floor will feature a chef's kitchen with quartz countertops, Bosch appliances, and a spacious island with seating ideal for hosting gatherings or enjoying family meals. The bathrooms will be elegantly tiled walk-in showers that offer a spa-like retreat. New plumbing and central air-conditioning provide year-round comfort and convenience. Situated between Bellevue Avenue, downtown Newport, Cliff Walk, and Salve Regina University, this home offers access to Newport's best attractions. Stroll to world-famous mansions, dine at top-tier restaurants, or enjoy the scenic coastal charm of the area all just minutes from your door. Fully furnished and move-in ready, 34 East Bowery is your opportunity to enjoy Newport living at its finest. June: $15,000 July: $16,000 August $17,000
Last Agent to Rent the Property
Edge Realty RI License #RES.0040250 Listed on: 01/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,175
Year Built
- 1870
Interior Spaces
- 1,600 Sq Ft Home
- 2-Story Property
- Furnished
- Wood Flooring
- Unfinished Basement
- Interior Basement Entry
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Heat Pump System
Community Details
- No Home Owners Association
- Salve Regina Subdivision
Listing and Financial Details
- Property Available on 6/1/25
- Month-to-Month Lease Term
- Assessor Parcel Number 34EASTBOWERYSTNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 23, 2025
Closed on
Aug 22, 2025
Sold by
Newport Prop Hldg
Bought by
Fraioli Alexander
Seller's Agent
Alex Fraioli
Edge Realty RI
Buyer's Agent
Alex Fraioli
Edge Realty RI
Sold Price
$7,000
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799,454
Original Mortgage
$1,125,000
Outstanding Balance
$1,125,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$318,546
Purchase Details
Closed on
Sep 25, 2024
Sold by
Mosher Family Relt and Mosher
Bought by
Newport Prop Hldg Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$882,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Fraioli Alexander | -- | -- | |
| Fraioli Alexander | -- | -- | |
| Newport Prop Hldg Llc | $680,000 | None Available | |
| Newport Prop Hldg Llc | $680,000 | None Available | |
| Newport Prop Hldg Llc | $680,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fraioli Alexander | $1,125,000 | |
| Closed | Fraioli Alexander | $1,125,000 | |
| Previous Owner | Newport Prop Hldg Llc | $882,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Rented | $7,000 | 0.0% | -- |
| 02/19/2025 02/19/25 | Rented | $7,000 | -53.3% | -- |
| 01/24/2025 01/24/25 | Price Changed | $15,000 | +130.8% | $9 / Sq Ft |
| 01/23/2025 01/23/25 | For Rent | $6,500 | +306.3% | -- |
| 01/23/2025 01/23/25 | For Rent | $1,600 | -- | -- |
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 | $6,175 | $710,700 | $423,200 | $287,500 |
| 2024 | $4,954 | $710,700 | $423,200 | $287,500 |
| 2023 | $4,636 | $467,300 | $276,600 | $190,700 |
| 2022 | $4,491 | $467,300 | $276,600 | $190,700 |
| 2021 | $4,360 | $467,300 | $276,600 | $190,700 |
| 2020 | $3,941 | $383,400 | $223,600 | $159,800 |
| 2019 | $3,941 | $383,400 | $223,600 | $159,800 |
| 2018 | $3,830 | $383,400 | $223,600 | $159,800 |
| 2017 | $3,450 | $307,800 | $160,000 | $147,800 |
| 2016 | $3,364 | $307,800 | $160,000 | $147,800 |
| 2015 | $3,284 | $307,800 | $160,000 | $147,800 |
| 2014 | $3,280 | $272,000 | $136,000 | $136,000 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Fraioli
-
Jesse Ross
J
Buyer's Agent in 2025
Jesse Ross
Hogan Associates Christie's
(401) 954-8738
14 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1376799
APN: NEWP-000034-000000-000010
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