NOT LISTED FOR SALE

346 Broadway Newport, RI 02840

Estimated Value: $936,000 - $1,419,000

6 Beds
3 Baths
3,549 Sq Ft
$315/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $467,500 $132 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $6,673/month

183 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Public Transportation
  • 3 Car Detached Garage
  • Skylights
  • Shops

About This Home

As of June 2016

Well maintained multi-family on Broadway with a great rental history. Each unit comes with its own garage and off street parking. Tenants pay utilities. Large basement with laundry and ample storage space. Convenient location to restaurants.

Last Agent to Sell the Property

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702 Listed on: 11/16/2015

Gustave White Sotheby's Realty

Last Buyer's Agent

Jeff Brooks

Hogan Associates Christie's License #RES.0034174

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,343

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced

Parking

  • 3 Car Detached Garage

Home Design

  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,549 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 003
  • Assessor Parcel Number 346BROADWAY.NEWP

Community Details

Overview

  • 3 Units
  • Broadway Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,343

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: BROADWAY
  • Above Grade Finished Sq Ft: 3549.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Exhaust Fan, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Skylights, Cable TV
  • Living Area: 3549.0
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Clapboard, Shingle Siding, Wood Siding
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5227.0
  • Parcel #: 346BROADWAY.NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6343.0
  • Tax Lot: 003
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2015
Closed on
Jun 17, 2016
Sold by
Paradise James L and Paradise Elizabeth E
Bought by
Goodson James
Seller's Agent
Jose Aguon
Gustave White Sotheby's Realty
Buyer's Agent
Jeff Brooks
Hogan Associates Christie's
List Price
$525,000
Sold Price
$467,500
Premium/Discount to List
-$57,500
-10.95%
Current Estimated Value
$1,116,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$649,321
Avg. Annual Appreciation
9.08%
Original Mortgage
$374,000
Outstanding Balance
$301,249
Interest Rate
3.61%
Mortgage Type
Commercial
Estimated Equity
$739,294

Purchase Details

Closed on
Mar 22, 1985
Bought by
Paradise James L and Paradise Elizabeth E
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
Goodson James $467,500 --
Paradise James L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goodson James $374,000
Previous Owner Paradise James L $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2016 06/17/16 Sold $467,500 -11.0% $132 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $525,000 -- $148 / 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 $7,193 $875,000 $127,100 $747,900
2023 $5,655 $570,100 $100,400 $469,700
2022 $5,479 $570,100 $100,400 $469,700
2021 $5,319 $570,100 $100,400 $469,700
2020 $4,361 $424,200 $89,700 $334,500
2019 $4,361 $424,200 $89,700 $334,500
2018 $4,238 $424,200 $89,700 $334,500
2017 $4,808 $428,900 $40,600 $388,300
2016 $6,502 $428,900 $40,600 $388,300
2015 $6,343 $428,900 $40,600 $388,300
2014 $6,765 $404,600 $32,500 $372,100
Source: Public Records

Agents Affiliated with this Home

  • Jose Aguon

    Seller's Agent in 2016

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    7 in this area

    29 Total Sales

    Jose Aguon
    Section Image
  • Jeff Brooks

    Buyer's Agent in 2016

    Jeff Brooks

    Hogan Associates Christie's

    (401) 680-6588

    11 in this area

    132 Total Sales

    Jeff Brooks
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1112705

State-Wide MLS

APN: NEWP-000010-000003-000004

Rhode Island Newport County Newport 02840

346 Broadway, Newport, RI

This home is located at 346 Broadway, Newport, RI 02840 since 16 November 2015 and is currently estimated at $1,116,821, approximately $314 per square foot. This property was built in 1900. 346 Broadway 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.

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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