NOT LISTED FOR SALE

37 Ann St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,041,000 - $1,297,236

8 Beds
3 Baths
3,607 Sq Ft
$329/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $797,500 $221 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,749/month

43 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-minute walk to Aquidneck Park
  • 1 Fireplace

About This Home

As of January 2022

Lucrative downtown investment opportunity . Large two-family Located in the center of downtown Newport tucked away in between Thames St. and Spring St. Enjoy the water views from a 240Sqft roof deck, rare off street parking, and close proximity to all that downtown Newport offers. Both units have separate utilities and strong rental history.

Last Agent to Sell the Property

Kevin Garabedian

GARABEDIAN REAL ESTATE LLC License #REB.0019101 Listed on: 11/05/2021

Last Buyer's Agent

Gina Fugere

Edge Realty RI License #RES.0046290

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,624

Year Built

  • Built in 1870

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,607 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 37ANNSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,624

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Above Grade Finished Sq Ft: 3607.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Other
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2178.0
  • Parcel #: 37ANNSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5624.0
  • Tax Lot: 163
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 13, 2022
Sold by
Mcdevitt Kyle R
Bought by
Zeiders Duncan and Nicolosi Alexandra
Seller's Agent
Kevin Garabedian
GARABEDIAN REAL ESTATE LLC
Buyer's Agent
Gina Fugere
Edge Realty RI
List Price
$789,000
Sold Price
$797,500
Premium/Discount to List
$8,500
1.08%
Current Estimated Value
$1,110,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,108
Avg. Annual Appreciation
12.11%
Original Mortgage
$603,750
Outstanding Balance
$560,558
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$636,151

Purchase Details

Listed on
Apr 27, 2012
Closed on
Jul 3, 2012
Sold by
Dmd Investment Co Llc
Bought by
Mcdevitt Kyle R
Seller's Agent
Joseph Fitzpatrick
RE/MAX Results
Buyer's Agent
Jack McVicker
RE/MAX Profnl. Newport, Inc.
List Price
$379,900
Sold Price
$359,000
Premium/Discount to List
-$20,900
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$287,200
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2008
Sold by
Points East Properties
Bought by
Dmd Inv Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.93%
Mortgage Type
Commercial
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
Zeiders Duncan $805,500 None Available
Mcdevitt Kyle R $359,000 --
Mcdevitt Kyle R $359,000 --
Dmd Inv Co $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeiders Duncan $603,750
Previous Owner Mcdevitt Kyle R $287,200
Previous Owner Dmd Inv Co $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2022 01/18/22 Sold $797,500 +1.1% $221 / Sq Ft
12/19/2021 12/19/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $789,000 +119.8% $219 / Sq Ft
07/02/2012 07/02/12 Sold $359,000 -5.5% $154 / Sq Ft
06/02/2012 06/02/12 Pending -- -- --
04/27/2012 04/27/12 For Sale $379,900 -- $163 / 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 $7,384 $898,300 $346,000 $552,300
2023 $6,111 $616,000 $226,200 $389,800
2022 $5,920 $616,000 $226,200 $389,800
2021 $5,747 $616,000 $226,200 $389,800
2020 $4,841 $470,900 $217,500 $253,400
2019 $4,841 $470,900 $217,500 $253,400
2018 $4,704 $470,900 $217,500 $253,400
2017 $3,856 $344,000 $155,600 $188,400
2016 $3,760 $344,000 $155,600 $188,400
2015 $3,670 $344,000 $155,600 $188,400
2014 $3,556 $294,900 $132,300 $162,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kevin Garabedian

    GARABEDIAN REAL ESTATE LLC

    (401) 787-5194

    1 in this area

    23 Total Sales

    Section Image
  • Gina Fugere

    Buyer's Agent in 2022

    Gina Fugere

    Edge Realty RI

    (401) 369-1100

    2 in this area

    8 Total Sales

    Section Image
  • Joseph Fitzpatrick

    Seller's Agent in 2012

    Joseph Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    16 Total Sales

    Section Image
  • Jack McVicker

    Buyer's Agent in 2012

    Jack McVicker

    RE/MAX Profnl. Newport, Inc.

    (401) 829-1601

    2 in this area

    22 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1297888

State-Wide MLS

APN: NEWP-000027-000000-000163

Rhode Island Newport County Newport 02840 Historic Hill

37 Ann St, Newport, RI

This home is located at 37 Ann St, Newport, RI 02840 since 05 November 2021 and is currently estimated at $1,185,309, approximately $328 per square foot. This property was built in 1870. 37 Ann 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.

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