NOT LISTED FOR SALE

374 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,032,000 - $1,077,133

5 Beds
2 Baths
3,444 Sq Ft
$306/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $800,000 $232 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,209/month

27 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Furnished
  • Golf Course Community
  • Corner Lot
  • 3-minute walk to Aquidneck Park

About This Home

As of June 2022

This renovated two family in the heart of downtown Newport makes a great investment. Both units have been updated with stylish decor, new kitchens and baths, in unit laundry, ductless A/C and other mechanical updates. Other features include bright rooms, tasteful paint colors throughout and hardwood floors. With proven rental history yearly and seasonally, there is great income potential if you choose to rent both units, or live in one unit and rent the other. Foundation needs repair and included in the disclosure. Structural Engineer quote to be provided upon request.
Rental Info 2022:
Unit 1- Summer $5750/month Winter- $2400
Unit 2- Summer $3750/month Sept 1 to Annual Lease- $2225
Unit 1 is available to immediate move in and vacant for the summer. It is rented for winter 2022-2023.
Unit 2 is fully rented until Sept 2023.

Last Agent to Sell the Property

Diamandia Lingos

Compass Real Estate, LLC License #REB.0019056 Listed on: 05/16/2022

Compass Real Estate, LLC

Last Buyer's Agent

Diamandia Lingos

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,657

Year Built

  • Built in 1900

Lot Details

  • 2,687 Sq Ft Lot
  • Corner Lot

Parking

  • No Garage

Home Design

  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3,444 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Zoned Heating
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 096
  • Assessor Parcel Number 374SPRINGSTNEWP

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

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

Additional Features

  • 2 Units
  • Operating Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,657

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0617
  • Above Grade Finished Sq Ft: 3444.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding, Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Electric, Individual, Oil, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2687.0
  • Parcel #: 374SPRINGSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 1000.0

Tax Info

  • Tax Annual Amount: 5657.0
  • Tax Lot: 096
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 23, 2022
Sold by
Patania Lance and Patania Maria
Bought by
Canale James J
Seller's Agent
Diamandia Lingos
Compass Real Estate, LLC
Buyer's Agent
Diamandia Lingos
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$1,042,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,379
Avg. Annual Appreciation
7.96%
Original Mortgage
$720,000
Outstanding Balance
$692,882
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,497

Purchase Details

Listed on
Oct 13, 2019
Closed on
Nov 11, 2019
Sold by
Dillahey Robert J
Bought by
Patania Lance and Patania Maria
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Diamandia Lingos
Compass Real Estate, LLC
List Price
$659,000
Sold Price
$649,000
Premium/Discount to List
-$10,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$461,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2017
Sold by
Developm Spring Street
Bought by
Dillahey Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2016
Closed on
Sep 7, 2016
Sold by
Marshall Paula L
Bought by
Spring Street Dev Llc
Seller's Agent
Aryn Hawks
Edge Realty RI
Buyer's Agent
RUSSELL CARLONE
RE/MAX Results
List Price
$374,000
Sold Price
$320,000
Premium/Discount to List
-$54,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%

Purchase Details

Listed on
Jul 8, 2016
Closed on
Jul 25, 2016
Sold by
Bcm Realty Partners Ll
Bought by
Sring Street Dev Llc
Seller's Agent
Aryn Hawks
Edge Realty RI
Buyer's Agent
RUSSELL CARLONE
RE/MAX Results
List Price
$374,000
Sold Price
$320,000
Premium/Discount to List
-$54,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2016
Closed on
Jun 22, 2016
Sold by
Marshall Paula L
Bought by
Bcm Realty Partners Ll
Seller's Agent
Aryn Hawks
Edge Realty RI
Buyer's Agent
RUSSELL CARLONE
RE/MAX Results
List Price
$374,000
Sold Price
$320,000
Premium/Discount to List
-$54,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Canale James J $800,000 None Available
Patania Lance $649,000 --
Dillahey Robert J $570,000 --
Spring Street Dev Llc -- --
Sring Street Dev Llc $320,000 --
Bcm Realty Partners Ll $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canale James J $720,000
Previous Owner Patania Lance $461,000
Previous Owner Dillahey Robert J $63,000
Previous Owner Dillahey Robert J $72,000
Previous Owner Dillahey Robert J $427,500
Previous Owner Bcm Realty Partners Ll $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $800,000 0.0% $232 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $800,000 0.0% $232 / Sq Ft
05/01/2020 05/01/20 Rented $5,000 0.0% --
04/01/2020 04/01/20 Under Contract -- -- --
01/29/2020 01/29/20 For Rent $5,000 0.0% --
11/25/2019 11/25/19 Sold $649,000 -1.5% $188 / Sq Ft
10/26/2019 10/26/19 Pending -- -- --
10/13/2019 10/13/19 For Sale $659,000 +105.9% $191 / Sq Ft
07/25/2016 07/25/16 Sold $320,000 -14.4% $162 / Sq Ft
07/08/2016 07/08/16 For Sale $374,000 -- $189 / 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 $6,019 $863,500 $358,100 $505,400
2023 $6,014 $606,300 $234,100 $372,200
2022 $5,827 $606,300 $234,100 $372,200
2021 $5,657 $606,300 $234,100 $372,200
2020 $4,884 $475,100 $218,600 $256,500
2019 $4,884 $475,100 $218,600 $256,500
2018 $4,746 $475,100 $218,600 $256,500
2017 $3,585 $319,800 $156,300 $163,500
2016 $3,427 $313,500 $156,300 $157,200
2015 $3,345 $313,500 $156,300 $157,200
2014 $3,453 $286,300 $132,800 $153,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diamandia Lingos

    Compass Real Estate, LLC

    Section Image
  • Joe Fitzpatrick

    Seller's Agent in 2019

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    22 in this area

    701 Total Sales

    Section Image
  • Aryn Hawks

    Seller's Agent in 2016

    Aryn Hawks

    Edge Realty RI

    9 Total Sales

    Section Image
  • RUSSELL CARLONE

    Buyer's Agent in 2016

    RUSSELL CARLONE

    RE/MAX Results

    31 Total Sales

    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1310336

State-Wide MLS

APN: NEWP-000032-000000-000096

Rhode Island Newport County Newport 02840 Historic Hill

374 Spring St, Newport, RI

This home is located at 374 Spring St, Newport, RI 02840 since 16 May 2022 and is currently estimated at $1,053,283, approximately $305 per square foot. This property was built in 1900. 374 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.

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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes