NOT LISTED FOR SALE

34 Farewell St Unit 1 Newport, RI 02840

Estimated Value: $433,000 - $575,000

1 Bed
1 Bath
486 Sq Ft
$199/mo HOA Fee

Last Sold March 13, 2015

Last sale price $132,500 $273 Per Sq Ft

Est. 285% increase in value since last sale

Current estimated payment $3,207/month

121 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • 3-minute walk to Cardines Field
  • Living Room
  • Wood Siding

About This Home

As of March 2015

NEW BATHROOM !! What a charming condo to experience Newport. Walk to Thames or Broadway nighlife, attractions. Harborside around the corner. Nice wood floors throughout, large kitchen, high ceilings, tons of potential!! Park on street, no problem.

Last Agent to Sell the Property

Kate Schultz

William Raveis Inspire License #RES.0033672 Listed on: 10/12/2014

William Raveis Inspire

Co-Listed By

Lee Caouette

RI Real Estate Services License #RES.0034277

RI Real Estate Services

Last Buyer's Agent

Lee Caouette

RI Real Estate Services License #RES.0034277

RI Real Estate Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1860

HOA Fees

  • $199 Monthly HOA Fees

Home Design

  • Wood Siding
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 486 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • No Garage
  • Unassigned Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 34FAREWELLST1NEWP

Community Details

Overview

  • 6 Units
  • Downtown Newport Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,477

Year Built

Built in 1860

Lot Details

0

HOA Fees

$199 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: C21A04
  • Co List Office Phone: 401-849-9192
  • Subdivision Name: DOWNTOWN NEWPORT
  • Above Grade Finished Sq Ft: 486.0
  • Building Name: The Farewell House
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1860
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: First Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Wood
  • Living Area: 486.0
  • Dining Room Type: Kitchen, Living Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Available, Sewer Connected, Water Available
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 199.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 34FAREWELLST1NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 1477.0
  • Tax Lot: 38
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2014
Closed on
Mar 13, 2015
Sold by
Stephens Joshua M
Bought by
Millette Christopher J and Millette Lauren V
Seller's Agent
Kate Schultz
William Raveis Inspire
Buyer's Agent
Lee Caouette
RI Real Estate Services
List Price
$135,000
Sold Price
$132,500
Premium/Discount to List
-$2,500
-1.85%
Current Estimated Value
$510,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,666
Avg. Annual Appreciation
13.86%
Original Mortgage
$99,375
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2005
Sold by
Farewell Holding Llc
Bought by
Stephens Joshua M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,400
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
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
Millette Christopher J $132,500 --
Stephens Joshua M $197,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millette Christopher J $165,000
Closed Stephens Joshua M $99,375
Previous Owner Stephens Joshua M $197,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2015 03/13/15 Sold $132,500 -1.9% $273 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
10/12/2014 10/12/14 For Sale $135,000 -- $278 / 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 $2,739 $333,200 $0 $333,200
2023 $2,373 $239,200 $0 $239,200
2022 $2,299 $239,200 $0 $239,200
2021 $2,232 $239,200 $0 $239,200
2020 $1,960 $190,700 $0 $190,700
2019 $1,960 $190,700 $0 $190,700
2018 $1,905 $190,700 $0 $190,700
2017 $1,968 $175,600 $0 $175,600
2016 $1,919 $175,600 $0 $175,600
2015 $1,874 $175,600 $0 $175,600
2014 $1,893 $157,000 $0 $157,000
Source: Public Records

Agents Affiliated with this Home

  • Kate Schultz

    Seller's Agent in 2015

    Kate Schultz

    William Raveis Inspire

    (401) 266-2242

    18 Total Sales

    Kate Schultz
    Section Image
  • Lee Caouette

    Seller Co-Listing Agent in 2015

    Lee Caouette

    RI Real Estate Services

    (401) 480-7644

    12 Total Sales

    Lee Caouette
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1081121

State-Wide MLS

APN: NEWP-000017-000328-000001

Rhode Island Newport County Newport 02840

34 Farewell St Unit 1, Newport, RI

This home is located at 34 Farewell St Unit 1, Newport, RI 02840 since 12 October 2014 and is currently estimated at $510,166, approximately $1,049 per square foot. This property was built in 1860. 34 Farewell St Unit 1 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.

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