NOT LISTED FOR SALE

38 Sherman St Newport, RI 02840

Kay-Catherine Neighborhood

Estimated Value: $1,371,000 - $1,637,775

2 Beds
2 Baths
1,598 Sq Ft
$945/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $290,000 $181 Per Sq Ft

Est. 420% increase in value since last sale

Current estimated payment $9,145/month

36 Days on Market

Highlights

  • Wood Flooring
  • Tennis Courts
  • Storm Windows
  • Attic
  • 2 Car Detached Garage
  • 5-minute walk to Eisenhower Park

About This Home

As of June 2013

Unique offering - circa 1810 colonial in one of Newport's sought after neighborhoods surrounded by many lovely houses- ESTATE SALE- Being sold "AS IS".2 car garage,fenced yard & off street parking. Lots of potential and worth the investment.

Last Agent to Sell the Property

Jane Roach

Jane Roach Real Estate License #REB.0014607 Listed on: 04/22/2013

Last Buyer's Agent

David Lawrence

Lila Delman Compass License #RES.0015529

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,224

Year Built

  • Built in 1810

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Fixer Upper
  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 1,598 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Storm Windows
  • Storm Doors

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 111
  • Assessor Parcel Number 38SHERMANSTNEWP

Community Details

Overview

  • 2 Units
  • Upper Sherman/Touro Subdivision

Recreation

  • Tennis Courts

Additional Features

  • Shops
  • Operating Expense $10,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,224

Year Built

Built in 1810

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Subdivision Name: UPPER SHERMAN/TOURO
  • Above Grade Finished Sq Ft: 1598.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1810
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Attic
  • Living Area: 1598.0
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Paved Driveway
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Fuses
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 38SHERMANSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 10466.0

Tax Info

  • Tax Annual Amount: 3224.0
  • Tax Lot: 111
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2013
Closed on
Jun 28, 2013
Sold by
Cormier Paul M Est and Cormier
Bought by
Deerfield Prop Llc
Seller's Agent
Jane Roach
Jane Roach Real Estate
Buyer's Agent
David Lawrence
Lila Delman Compass
List Price
$329,000
Sold Price
$290,000
Premium/Discount to List
-$39,000
-11.85%
Current Estimated Value
$1,509,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,219,318
Avg. Annual Appreciation
14.04%

Purchase Details

Closed on
May 8, 1997
Sold by
Cormier Paul M and Cormier William N
Bought by
Cormier Paul M
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
Deerfield Prop Llc $290,500 --
Cormier Paul M $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cormier Paul M $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $290,000 -11.9% $181 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $329,000 -- $206 / 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 $9,722 $1,394,900 $570,700 $824,200
2023 $8,579 $864,800 $325,300 $539,500
2022 $8,311 $864,800 $325,300 $539,500
2021 $4,776 $511,900 $325,300 $186,600
2020 $4,738 $460,900 $284,400 $176,500
2019 $4,738 $460,900 $284,400 $176,500
2018 $4,604 $460,900 $284,400 $176,500
2017 $3,512 $313,300 $159,000 $154,300
2016 $3,424 $313,300 $159,000 $154,300
2015 $3,343 $313,300 $159,000 $154,300
2014 $3,423 $283,800 $135,200 $148,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jane Roach

    Jane Roach Real Estate

  • David Lawrence

    Buyer's Agent in 2013

    David Lawrence

    Lila Delman Compass

    (401) 339-1010

    10 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1039055

State-Wide MLS

APN: NEWP-000021-000000-000111

Rhode Island Newport County Newport 02840 Kay-Catherine

38 Sherman St, Newport, RI

This home is located at 38 Sherman St, Newport, RI 02840 since 22 April 2013 and is currently estimated at $1,509,444, approximately $944 per square foot. This property was built in 1810. 38 Sherman 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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