NOT LISTED FOR SALE

37 Connection St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,051,133 - $1,300,000

5 Beds
3 Baths
3,345 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $699,000 $209 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $7,033/month

37 Days on Market

Highlights

  • Marina
  • Deck
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • 4-minute walk to Spencer Park

About This Home

As of August 2020

Connect to the heart of the sought after Fifth Ward on Connection Street - 37 Connection is 3 level 3 unit property that has a large adjacent yard with second structure possibilities. The property has been meticulously maintained and has a strong consistent rental history. Each unit is unique. Hard wood floors are through out the entire building. Common space includes the large yard, parking, back patio & basement with coin op laundry. This property can be rented based on the Newport 30 day minimum ordinance. Surrounded by well kept and renovated homes your in great company on Connection. The photos shown are only of the second unit that has been vacated. Additional photos available upon request.

Last Agent to Sell the Property

Libby Kirwin

Libby Kirwin Real Estate License #REB.0017170 Listed on: 06/07/2020

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,983

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced

Home Design

  • Combination Foundation
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,345 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Tax Lot 038
  • Assessor Parcel Number 37CONNECTIONSTNEWP

Community Details

Overview

  • 3 Units
  • Fifth Ward Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,983

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Subdivision Name: Fifth Ward
  • Above Grade Finished Sq Ft: 3345.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Dining Room Type: Laundry
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Combination, Concrete Perimeter
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3485.0
  • Parcel #: 37CONNECTIONSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4983.0
  • Tax Lot: 038
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2020
Closed on
Jul 30, 2020
Sold by
Bates Stanley M and Bates Sharon M
Bought by
Patel Jayesh D and Patel Sonal J
Seller's Agent
Libby Kirwin
Libby Kirwin Real Estate
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$699,000
Sold Price
$699,000
Total Days on Market
37
Current Estimated Value
$1,148,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,033
Avg. Annual Appreciation
10.56%
Original Mortgage
$524,250
Outstanding Balance
$470,246
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$663,979

Purchase Details

Closed on
Aug 19, 2002
Sold by
Osborn James B
Bought by
Bates Stanley M and Bates Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.61%

Purchase Details

Closed on
May 1, 1997
Sold by
Warren Aaron T
Bought by
Osborn James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,700
Interest Rate
7.85%

Purchase Details

Closed on
Feb 26, 1996
Sold by
Gill Thomas P
Bought by
Warren Aaron T
Source: Public Records

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Range of Values:

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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
Patel Jayesh D $699,000 None Available
Bates Stanley M $348,000 --
Osborn James B $137,000 --
Warren Aaron T $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Jayesh D $524,250
Previous Owner Warren Aaron T $311,250
Previous Owner Warren Aaron T $355,000
Previous Owner Warren Aaron T $300,000
Previous Owner Warren Aaron T $139,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $699,000 0.0% $209 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
06/07/2020 06/07/20 For Sale $699,000 -- $209 / 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 $7,354 $894,600 $384,300 $510,300
2023 $5,727 $577,300 $251,300 $326,000
2022 $5,548 $577,300 $251,300 $326,000
2021 $5,386 $577,300 $251,300 $326,000
2020 $5,055 $491,700 $220,600 $271,100
2019 $5,055 $491,700 $220,600 $271,100
2018 $4,912 $491,700 $220,600 $271,100
2017 $4,667 $416,300 $157,800 $258,500
2016 $4,550 $416,300 $157,800 $258,500
2015 $4,442 $416,300 $157,800 $258,500
2014 $4,613 $382,500 $134,100 $248,400
Source: Public Records

Agents Affiliated with this Home

  • Libby Kirwin

    Seller's Agent in 2020

    Libby Kirwin

    Libby Kirwin Real Estate

    (401) 864-5458

    8 in this area

    58 Total Sales

    Libby Kirwin
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2020

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    15 in this area

    148 Total Sales

    Alex Fraioli
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1255359

State-Wide MLS

APN: NEWP-000039-000000-000038

Rhode Island Newport County Newport 02840 Fifth Ward

37 Connection St, Newport, RI

This home is located at 37 Connection St, Newport, RI 02840 since 07 June 2020 and is currently estimated at $1,148,033, approximately $343 per square foot. This property was built in 1900. 37 Connection 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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