NOT LISTED FOR SALE

40 Farewell St Newport, RI 02840

Estimated Value: $1,046,333 - $1,472,000

5 Beds
2 Baths
2,203 Sq Ft
$562/Sq Ft Est. Value

Last Sold November 13, 2014

Last sale price $450,000 $204 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $7,083/month

62 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Golf Course Community
  • Tennis Courts
  • 4-minute walk to Cardines Field

About This Home

As of November 2014

Two family located in dwntwn Newport. Walk to everything!! Extra lot on 0 Sanford St. included in price. 2nd flr unit has easy expansion potential on 3rd floor with staircase to attic.Building has been completely renovated. Parking and nice yard.

Last Agent to Sell the Property

Diane Dailey

HomeSmart Professionals License #REB.0016629 Listed on: 08/12/2014

Last Buyer's Agent

Eleanor Wickes

Mott & Chace Sotheby's Intl. License #RES.0034222

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,172

Year Built

  • Built in 1880

Lot Details

  • 2,248

Home Design

  • Combination Foundation
  • Clapboard

Interior Spaces

  • 2,203 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • Walking Distance to Water
  • 2,248 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 278
  • Assessor Parcel Number 40FAREWELLSTNEWP

Community Details

Overview

  • 2 Units
  • Farewell Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,172

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0516
  • Subdivision Name: FAREWELL
  • Above Grade Finished Sq Ft: 2203.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Living Area: 2203.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 2248.0
  • Parcel #: 40FAREWELLSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3172.0
  • Tax Lot: 278
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2021
Sold by
Wickes William G
Bought by
Wickes Bennett T
Current Estimated Value
$1,237,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$366,070
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$729,983

Purchase Details

Listed on
Aug 12, 2014
Closed on
Nov 13, 2014
Sold by
Spillane Francis and Carney Patricia
Bought by
Wickes Bennett T and Wickes William G
Seller's Agent
Diane Dailey
HomeSmart Professionals
Buyer's Agent
Eleanor Wickes
Mott & Chace Sotheby's Intl.
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$360,000
Interest Rate
4.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wickes Bennett T -- None Available
Wickes Bennett T $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wickes Bennett T $400,000
Previous Owner Wickes Bennett T $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2014 11/13/14 Sold $450,000 -14.3% $204 / Sq Ft
10/14/2014 10/14/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $525,000 +101.9% $238 / Sq Ft
10/25/2013 10/25/13 Sold $260,000 +30.7% $118 / Sq Ft
09/25/2013 09/25/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $199,000 -- $90 / 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 $5,869 $842,000 $314,400 $527,600
2023 $4,930 $497,000 $172,500 $324,500
2022 $4,776 $497,000 $172,500 $324,500
2021 $4,637 $497,000 $172,500 $324,500
2020 $3,959 $385,100 $172,000 $213,100
2019 $3,959 $385,100 $172,000 $213,100
2018 $3,847 $385,100 $172,000 $213,100
2017 $3,183 $283,900 $97,200 $186,700
2016 $3,103 $283,900 $97,200 $186,700
2015 $3,029 $283,900 $97,200 $186,700
2014 $3,267 $270,900 $97,200 $173,700
Source: Public Records

Agents Affiliated with this Home

  • Diane Dailey

    Seller's Agent in 2014

    Diane Dailey

    HomeSmart Professionals

    (401) 855-9192

    2 Total Sales

    Diane Dailey
    Section Image
  • Eleanor Wickes

    Buyer's Agent in 2014

    Eleanor Wickes

    Mott & Chace Sotheby's Intl.

    (508) 493-4545

    45 Total Sales

    Eleanor Wickes
    Section Image

  • M

    Seller's Agent in 2013

    Manuel Rodrigues

    Ocean Side Realty

  • N

    Buyer's Agent in 2013

    Nancy Crockett

    Crockett Realty, Inc.

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1075923

State-Wide MLS

APN: NEWP-000017-000000-000278

Rhode Island Newport County Newport 02840

40 Farewell St, Newport, RI

This home is located at 40 Farewell St, Newport, RI 02840 since 12 August 2014 and is currently estimated at $1,237,583, approximately $561 per square foot. This property was built in 1880. 40 Farewell 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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