NOT LISTED FOR SALE

40 Rhode Island Ave Newport, RI 02840

Kay-Catherine Neighborhood

Estimated Value: $1,113,640 - $1,513,000

5 Beds
3 Baths
2,076 Sq Ft
$601/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $725,000 $349 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $7,582/month

18 Days on Market

Highlights

  • Marina
  • Wooded Lot
  • Attic
  • Golf Course Community
  • Victorian Architecture
  • Tennis Courts

About This Home

As of October 2018

Immaculate Victorian home located in desirable Kay Street neighborhood has 5 bedrooms and 3 full updated baths. Lovingly restored with many improvements. Completely Renovated new custom built eat in kitchen with granite counters, stainless appliances, which includes a Thor Kitchen 6 burner gas stove and tile floors. Back door off the kitchen walks out to the fenced yard and 2 car garage. Large living room with fireplace and oversize bay windows wraps into the formal dining room then into the eat in kitchen. Spacious Light and bright with a great circular floor plan for entertaining and family fun. Wood floors throughout. Juliet porch on 2nd floor off a bedroom overlooks the back yard. Third floor renovated as 1 bedroom bath or perfect for private home office suite. Completely rebuilt Front porch for relaxing outdoors looking at manicured landscaped grounds and the neighborhood. Freshly painted outside and inside. Walk to restaurants and shops. Close to the beaches. Easy on and off the island. Move right in!

Last Listed By

Edith Cushing

RE/MAX Profnl. Newport, Inc. License #REB.0017022 Listed on: 09/12/2018

RE/MAX Profnl. Newport, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,650

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced
  • Wooded Lot
  • Property is zoned R-10

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Victorian Architecture
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,076 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Fireplace Features Masonry
  • Thermal Windows
  • Workshop
  • Storage Room
  • Laundry Room
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Radiant Heating System
  • Baseboard Heating
  • Heating System Uses Steam
  • Tankless Water Heater
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 40RHODEISLANDAVNEWP

Community Details

Overview

  • Kay/Rhode Island Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,650

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Subdivision Name: Kay/Rhode Island
  • Above Grade Finished Sq Ft: 2076.0
  • Architectural Style: Victorian
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1910
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Tankless Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Attic, Permanent Attic Stairs, Skylights, Tub Shower, Cable TV
  • Living Area: 2076.0
  • Dining Room Type: Laundry, Storage Room, Utility Room, Workshop
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Balcony, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Hot Water, Individual, Oil, Radiant
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 40RHODEISLANDAVNEWP
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4650.0
  • Tax Lot: 042
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Bestoso John T
Bought by
T Bestoso and Gustafson T
Total Days on Market
18
Current Estimated Value
$1,247,160

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 30, 2018
Sold by
Elizabeth A Ziemba Ret
Bought by
Bestoso John T
Seller's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Jose Aguon
Gustave White Sotheby's Realty
List Price
$675,000
Sold Price
$725,000
Premium/Discount to List
$50,000
7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%

Purchase Details

Closed on
Dec 29, 2010
Sold by
Watterson Thomas M and Varnier Annette D
Bought by
Ziemba Elizabeth A

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
T Bestoso -- None Available
Bestoso John T $725,000 --
Ziemba Elizabeth A $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ziemba Elizabeth A $100,000
Previous Owner Watterson Thomas $150,000
Previous Owner Watterson Thomas $85,000
Previous Owner Watterson Thomas $221,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $725,000 +7.4% $349 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $675,000 -- $325 / 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 $7,216 $877,900 $220,400 $657,500
2023 $5,894 $594,200 $155,800 $438,400
2022 $5,710 $594,200 $155,800 $438,400
2021 $5,544 $594,200 $155,800 $438,400
2020 $4,785 $465,500 $130,200 $335,300
2019 $4,785 $465,500 $130,200 $335,300
2018 $4,650 $465,500 $130,200 $335,300
2017 $4,604 $410,700 $100,200 $310,500
2016 $4,489 $410,700 $100,200 $310,500
2015 $4,122 $386,300 $100,200 $286,100
2014 $4,523 $375,000 $100,200 $274,800
Source: Public Records

Agents Affiliated with this Home

  • Edith Cushing

    Seller's Agent in 2018

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 862-7703

    5 in this area

    50 Total Sales

    Edith Cushing
    Section Image
  • Jose Aguon

    Buyer's Agent in 2018

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    2 in this area

    31 Total Sales

    Jose Aguon
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1203985

State-Wide MLS

APN: NEWP-000011-000000-000042

Rhode Island Newport County Newport 02840 Kay-Catherine

40 Rhode Island Ave, Newport, RI

Homes for Sale in Newport, RI

This home is located at 40 Rhode Island Ave, Newport, RI 02840 since 12 September 2018 and is currently estimated at $1,247,160, approximately $600 per square foot. This property was built in 1910. 40 Rhode Island Ave 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.

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