NOT LISTED FOR SALE

387 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,246,000 - $1,679,000

3 Beds
2.5 Baths
2,764 Sq Ft
$527/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $700,000 $253 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $8,685/month

11 Days on Market

Highlights

  • Marina
  • Spa
  • Deck
  • Water Views
  • Colonial Architecture
  • 4-minute walk to Aquidneck Park

About This Home

As of February 2017

Refreshing restored c.1850 Colonial in the heart of Newport with Harbor views. Steps to downtown yachting village and famed Bellevue Ave. This unique restoration combines antique charm with modern living, 4 fireplaces,stunning detail & off st parking

Last Agent to Sell the Property

Carol Simjian

William Pitt Sotheby's Int'l License #RES.0041551 Listed on: 01/17/2017

William Pitt Sotheby's Int'l

Co-Listed By

Thomas Simjian

Keller Williams Coastal License #RES.0040571

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,708

Year Built

  • Built in 1850

Lot Details

  • 1,726

Home Design

  • Colonial Architecture
  • Combination Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 3-Story Property
  • 4 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Spa
  • Walking Distance to Water
  • Deck
  • Patio

Utilities

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

Additional Features

  • 1,726 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 142
  • Assessor Parcel Number 387SPRINGSTNEWP

Community Details

Overview

  • Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,708

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0396
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: DOWNTOWN
  • Above Grade Finished Sq Ft: 2005.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1850
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 759.0
  • Fireplace Features: Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Living Area: 2764.0
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Clapboard
  • Exterior Features: Deck, Patio
  • Foundation Details: Combination
  • Patio And Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1726.0
  • Parcel #: 387SPRINGSTNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4708.0
  • Tax Lot: 142
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2003
Sold by
Nanfelt Scott
Bought by
Quinlan Lissa
Current Estimated Value
$1,456,240

Purchase Details

Closed on
Sep 13, 1991
Sold by
Foucault Peter
Bought by
Nanfelt Scott
Source: Public Records

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
Quinlan Lissa $399,000 --
Nanfelt Scott $231,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nanfelt Scott $50,000
Open Nanfelt Scott $417,000
Closed Nanfelt Scott $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $700,000 -6.5% $253 / Sq Ft
01/29/2017 01/29/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $749,000 -- $271 / 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 $8,999 $1,094,800 $364,400 $730,400
2023 $7,116 $717,300 $238,200 $479,100
2022 $6,893 $717,300 $238,200 $479,100
2021 $6,489 $695,500 $216,400 $479,100
2020 $6,989 $679,900 $216,300 $463,600
2019 $6,989 $679,900 $216,300 $463,600
2018 $6,792 $679,900 $216,300 $463,600
2017 $5,160 $460,300 $154,800 $305,500
2016 $4,708 $430,700 $154,800 $275,900
2015 $4,596 $430,700 $154,800 $275,900
2014 $5,042 $418,100 $131,500 $286,600
Source: Public Records

Agents Affiliated with this Home

  • Carol Simjian

    Seller's Agent in 2017

    Carol Simjian

    William Pitt Sotheby's Int'l

    (203) 988-9601

    Carol Simjian
    Section Image
  • Thomas Simjian

    Seller Co-Listing Agent in 2017

    Thomas Simjian

    Keller Williams Coastal

    (203) 506-0388

    67 Total Sales

    Thomas Simjian
    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2017

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    22 in this area

    699 Total Sales

    Joe Fitzpatrick
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1144614

State-Wide MLS

APN: NEWP-000032-000000-000142

Rhode Island Newport County Newport 02840 Historic Hill

387 Spring St, Newport, RI

This home is located at 387 Spring St, Newport, RI 02840 since 17 January 2017 and is currently estimated at $1,456,240, approximately $526 per square foot. This property was built in 1850. 387 Spring 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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