NOT LISTED FOR SALE

38 Hall Ave Newport, RI 02840

Estimated Value: $840,000 - $1,026,000

5 Beds
3 Baths
2,592 Sq Ft
$365/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $710,000 $274 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,438/month

28 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Storage Room
  • 1 Car Detached Garage
  • Bathtub with Shower
  • 2-minute walk to Coggeshall Park

About This Home

As of April 2022

Great investment opportunity in this classic Newport cottage. Two family property with one+ bedroom, one bath unit on first floor and large 2nd/3rd floor unit with three bedrooms, two baths. There's a large yard, newly built two car garage, rear decks, and plenty of off-street parking. Separate utilities and laundry for each unit. Great rental history and tenants currently in place. Property being sold as-is.

Last Agent to Sell the Property

Mike Sweeney

Gustave White Sotheby's Realty License #RES.0040637 Listed on: 03/15/2022

Gustave White Sotheby's Realty

Last Buyer's Agent

Sheil Team

Mott & Chace Sotheby's Intl.

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,831

Year Built

  • Built in 1900

Lot Details

  • 4,920

Parking

  • 1 Car Detached Garage

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater
  • Oil Water Heater

Additional Features

  • 4,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 38HALLAVNEWP

Community Details

Overview

  • 2 Units
  • Van Zandt Subdivision

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,831

Year Built

Built in 1900

Lot Details

4,920 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1129
  • Subdivision Name: Van Zandt
  • Above Grade Finished Sq Ft: 2592.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Interior Amenities: Skylights, Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4920.0
  • Parcel #: 38HALLAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3831.0
  • Tax Lot: 001
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
Apr 22, 2022
Sold by
Cellar Timothy A and Cellar Jennifer S
Bought by
Buonanno Andrea and Thumser Jeffrey W
Seller's Agent
Mike Sweeney
Gustave White Sotheby's Realty
Buyer's Agent
Sheil Team
Mott & Chace Sotheby's Intl.
List Price
$699,000
Sold Price
$710,000
Premium/Discount to List
$11,000
1.57%
Current Estimated Value
$945,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,344
Avg. Annual Appreciation
7.56%
Original Mortgage
$603,500
Outstanding Balance
$560,342
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$385,002

Purchase Details

Closed on
May 13, 2005
Sold by
Shea Christopher K
Bought by
Cellar Timothy A and Cellar Jennifer S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 1998
Sold by
Leys Andrew M and Koohy Jon D
Bought by
Shea Christopher K

Purchase Details

Closed on
Feb 28, 1996
Sold by
Suggs Beatrice M
Bought by
Leys Andrew M and Koohy Jon D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Buonanno Andrea $710,000 None Available
Cellar Timothy A $410,000 --
Shea Christopher K $114,500 --
Leys Andrew M $76,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buonanno Andrea $603,500
Previous Owner Leys Andrew M $328,000
Previous Owner Leys Andrew M $41,000
Previous Owner Leys Andrew M $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $710,000 +1.6% $274 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $699,000 -- $270 / Sq Ft
Source: State-Wide MLS

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 $4,628 $644,500 $198,200 $446,300
2024 $5,298 $644,500 $198,200 $446,300
2023 $4,074 $410,700 $128,500 $282,200
2022 $3,947 $410,700 $128,500 $282,200
2021 $3,832 $410,700 $128,500 $282,200
2020 $3,091 $300,700 $98,700 $202,000
2019 $3,091 $300,700 $98,700 $202,000
2018 $3,004 $300,700 $98,700 $202,000
2017 $2,693 $240,200 $75,900 $164,300
2016 $2,625 $240,200 $75,900 $164,300
2015 $2,563 $240,200 $75,900 $164,300
2014 $2,856 $236,800 $67,900 $168,900
Source: Public Records

Agents Affiliated with this Home

  • Mike Sweeney

    Seller's Agent in 2022

    Mike Sweeney

    Gustave White Sotheby's Realty

    (401) 862-0164

    3 in this area

    40 Total Sales

    Mike Sweeney
    Section Image

  • S

    Buyer's Agent in 2022

    Sheil Team

    Mott & Chace Sotheby's Intl.

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1304424

State-Wide MLS

APN: NEWP-000013-000000-000001

Rhode Island Newport County Newport 02840

38 Hall Ave, Newport, RI

Not Listed for Sale

MultiFamily

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