NOT LISTED FOR SALE

342 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,212,337 - $1,494,000

7 Beds
4 Baths
4,327 Sq Ft
$308/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $850,000 $196 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $8,135/month

28 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Water Views
  • Tennis Courts
  • 2-minute walk to Aquidneck Park

About This Home

As of November 2020

Great investment or owner occupied opportunity! Large 3 family home centrally located in downtown Newport. This home has strong rental history, water views, a fenced yard, tons of natural light, CENTRAL A/C, gas heat, and much more!

Last Listed By

Sean Lawrence

HomeSmart Professionals License #REB.0018470 Listed on: 09/14/2020

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,670

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 4,327 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water

Utilities

  • Central Air
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 342SPRINGSTNEWP

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Recreation

  • Marina
  • Tennis Courts

Additional Features

  • Shops
  • Operating Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,670

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4327.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2178.0
  • Parcel #: 342SPRINGSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 1200.0

Tax Info

  • Tax Annual Amount: 4670.0
  • Tax Lot: 37
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
Nov 12, 2020
Sold by
Newport Land Management
Bought by
Greenia Seth G and Greenia Christine L
Seller's Agent
Sean Lawrence
HomeSmart Professionals
Buyer's Agent
William Parker Sizeland
Compass / Lila Delman Compass
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%
Total Days on Market
28
Current Estimated Value
$1,331,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,834
Avg. Annual Appreciation
8.27%
Original Mortgage
$637,500
Outstanding Balance
$573,718
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$646,454

Purchase Details

Closed on
Nov 4, 2016
Sold by
Witteveen Daniel H
Bought by
Managemen Newport Land

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 6, 2007
Sold by
Houtchens Horace P
Bought by
Wittevenn Daniel H

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
Greenia Seth G $850,000 None Available
Managemen Newport Land -- --
Wittevenn Daniel H $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenia Seth D $240,000
Open Greenia Seth G $637,500
Previous Owner Witteveen Daniel H $315,000
Previous Owner Houtchens Horace $339,000
Previous Owner Houtchens Horace $355,600
Previous Owner Houtchens Horace $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $850,000 -2.9% $196 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $875,000 -- $202 / 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 $8,156 $1,170,200 $345,000 $825,200
2023 $7,416 $747,600 $225,500 $522,100
2022 $7,184 $747,600 $225,500 $522,100
2021 $6,975 $747,600 $225,500 $522,100
2020 $4,737 $460,800 $217,500 $243,300
2019 $4,737 $460,800 $217,500 $243,300
2018 $4,603 $460,800 $217,500 $243,300
2017 $4,413 $393,700 $155,500 $238,200
2016 $4,303 $393,700 $155,500 $238,200
2015 $4,201 $393,700 $155,500 $238,200
2014 $3,891 $322,600 $132,200 $190,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sean Lawrence

    HomeSmart Professionals

    (401) 924-3327

    1 in this area

    55 Total Sales

    Sean Lawrence
    Section Image
  • William Parker Sizeland

    Buyer's Agent in 2020

    William Parker Sizeland

    Compass / Lila Delman Compass

    (401) 862-7428

    3 in this area

    90 Total Sales

    William Parker Sizeland
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1264513

State-Wide MLS

APN: NEWP-000032-000000-000037

Rhode Island Newport County Newport 02840 Historic Hill

342 Spring St, Newport, RI

Homes for Sale in Newport, RI

This home is located at 342 Spring St, Newport, RI 02840 since 14 September 2020 and is currently estimated at $1,331,834, approximately $307 per square foot. This property was built in 1900. 342 Spring 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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