NOT LISTED FOR SALE

345 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,161,000 - $1,566,000

4 Beds
3 Baths
2,429 Sq Ft
$551/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $490,000 $202 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $7,715/month

119 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • 2-minute walk to Aquidneck Park
  • Storage Room
  • Fenced

About This Home

As of January 2015

Lovely 3 family Victorian Mansard located in the heart of Yachting Village. 1st floor hdwd floors throughout with large MBR with adjoining porch. Separate utilities & plenty of parking in driveway. Great location..Mins to shops, restaurants & water!

Last Agent to Sell the Property

Stephen Webster

Success! Real Estate Inc. License #REB.0017199 Listed on: 09/02/2014

Last Buyer's Agent

John Teeden

Mott & Chace Sotheby's Intl. License #RES.0016931

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1888

Lot Details

  • 3,318 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation
  • Clapboard

Interior Spaces

  • 2,429 Sq Ft Home
  • 3-Story Property
  • Storage Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 345SPRINGSTNEWP

Community Details

Overview

  • 3 Units
  • Yachting Village Subdivision

Building Details

  • Operating Expense $999,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0762
  • Subdivision Name: YACHTING VILLAGE
  • Above Grade Finished Sq Ft: 2429.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1888
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Water Heater
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 2429.0
  • Dining Room Type: Bathroom, Bedroom, Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Clapboard
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3318.0
  • Parcel #: 345SPRINGSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 999999.0

Tax Info

  • Tax Annual Amount: 4577.0
  • Tax Lot: 39
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2014
Closed on
Jan 30, 2015
Sold by
Correia Joseph
Bought by
Drought Rober K
Seller's Agent
Stephen Webster
Success! Real Estate Inc.
Buyer's Agent
John Teeden
Mott & Chace Sotheby's Intl.
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%
Current Estimated Value
$1,337,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,667
Avg. Annual Appreciation
9.87%
Original Mortgage
$512,268
Outstanding Balance
$393,082
Interest Rate
3.81%
Mortgage Type
FHA
Estimated Equity
$944,585

Purchase Details

Closed on
Oct 26, 2004
Sold by
Demary Joan
Bought by
Correia Joseph

Purchase Details

Closed on
Apr 30, 2002
Sold by
Yalanis Christopher P
Bought by
Demary Joan C

Purchase Details

Closed on
Feb 27, 1998
Sold by
Difilippo Loreto J
Bought by
Yalanis Christopher P
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
Drought Rober K $490,000 --
Correia Joseph $525,000 --
Demary Joan C $300,500 --
Yalanis Christopher P $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yalanis Christopher P $512,268
Previous Owner Yalanis Christopher P $410,000
Previous Owner Yalanis Christopher P $107,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2015 01/30/15 Sold $490,000 -6.7% $202 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $525,000 -- $216 / 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 $7,476 $1,041,200 $375,800 $665,400
2024 $8,559 $1,041,200 $375,800 $665,400
2023 $6,546 $659,900 $245,700 $414,200
2022 $6,342 $659,900 $245,700 $414,200
2021 $6,157 $659,900 $245,700 $414,200
2020 $5,639 $548,500 $220,000 $328,500
2019 $5,639 $548,500 $220,000 $328,500
2018 $5,480 $548,500 $220,000 $328,500
2017 $5,391 $480,900 $157,300 $323,600
2016 $5,256 $480,900 $157,300 $323,600
2015 $4,867 $456,100 $157,300 $298,800
2014 $4,714 $390,900 $133,700 $257,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stephen Webster

    Success! Real Estate Inc.

    Section Image
  • John Teeden

    Buyer's Agent in 2015

    John Teeden

    Mott & Chace Sotheby's Intl.

    (401) 789-8899

    54 Total Sales

    John Teeden
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1077700

State-Wide MLS

APN: NEWP-000032-000039-000004

Rhode Island Newport County Newport 02840 Historic Hill

345 Spring St, Newport, RI

This home is located at 345 Spring St, Newport, RI 02840 since 02 September 2014 and is currently estimated at $1,337,667, approximately $550 per square foot. This property was built in 1888. 345 Spring St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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