NOT LISTED FOR SALE

402 Spring St Unit 1 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $470,000 - $614,000

1 Bed
1 Bath
837 Sq Ft
$259/mo HOA Fee

Last Sold July 01, 2018

Last sale price $224,500 $268 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $3,278/month

51 Days on Market

Highlights

  • Marina
  • Walking Distance to Water
  • Bathtub with Shower
  • Wood Flooring
  • Porch
  • 4-minute walk to Aquidneck Park

About This Home

As of July 2018

Great Spring St. location. Close to beaches, restaurants and downtown. This sunny one bedroom unit is on the first floor and has an updated kitchen with granite counters. Bonus room with pocket doors can be used as second bedroom for guests. Hardwood floors throughout. Rear patio and yard for grilling. Plenty of closet space and secure storage in common basement. Washer/Dryer hookups in basement as well. Freshly painted and ready to go! Great opportunity to own in Newport. Property being sold as is.

Last Agent to Sell the Property

Mike Sweeney

Gustave White Sotheby's Realty License #RES.0040637 Listed on: 04/10/2018

Gustave White Sotheby's Realty

Co-Listed By

Dave Huberman

Gustave White Sotheby's Realty License #RES.0031635

Last Buyer's Agent

Keith Marvelle

Compass / Lila Delman Compass License #RES.0042929

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,660

Year Built

  • Built in 1870

HOA Fees

  • $259 Monthly HOA Fees

Home Design

  • Combination Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 837 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • No Garage
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 261
  • Assessor Parcel Number 402SPRINGST1NEWP

Community Details

Overview

  • 3 Units
  • Spring Street Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,660

Year Built

Built in 1870

Lot Details

0

HOA Fees

$259 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Subdivision Name: Spring Street
  • Above Grade Finished Sq Ft: 837.0
  • Building Name: Harbour Village
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1870
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 837.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No
  • Association Fee: 259.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 402SPRINGST1NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 2660.0
  • Tax Lot: 261
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jun 29, 2018
Sold by
Furtado Jared P
Bought by
Corcoran Alan S and Mustienes-Harvey Carlos
Seller's Agent
Mike Sweeney
Gustave White Sotheby's Realty
Buyer's Agent
Keith Marvelle
Compass / Lila Delman Compass
List Price
$229,000
Sold Price
$224,500
Premium/Discount to List
-$4,500
-1.97%
Total Days on Market
51
Current Estimated Value
$519,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,932
Avg. Annual Appreciation
12.89%

Purchase Details

Closed on
Jul 5, 2007
Sold by
Sully Squared Llc
Bought by
Furtado Jared P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,100
Interest Rate
6.39%

Purchase Details

Closed on
Mar 15, 2007
Sold by
402 Spring Street Llc
Bought by
Carpenter Micheal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Corcoran Alan S $225,000 --
Furtado Jared P $239,000 --
Carpenter Micheal $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Furtado Jared P $185,000
Previous Owner Carpenter Micheal $34,700
Previous Owner Carpenter Micheal $215,100
Previous Owner Carpenter Micheal $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2018 07/01/18 Sold $224,500 -2.0% $268 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $229,000 -- $274 / 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 $3,149 $383,100 $0 $383,100
2023 $2,524 $254,400 $0 $254,400
2022 $2,445 $254,400 $0 $254,400
2021 $2,374 $254,400 $0 $254,400
2020 $2,372 $230,700 $0 $230,700
2019 $2,372 $230,700 $0 $230,700
2018 $2,371 $237,300 $0 $237,300
2017 $2,660 $237,300 $0 $237,300
2016 $2,594 $237,300 $0 $237,300
2015 $2,532 $237,300 $0 $237,300
2014 $2,502 $207,500 $0 $207,500
Source: Public Records

Agents Affiliated with this Home

  • Mike Sweeney

    Seller's Agent in 2018

    Mike Sweeney

    Gustave White Sotheby's Realty

    (401) 862-0164

    6 in this area

    39 Total Sales

    Mike Sweeney
    Section Image
  • Dave Huberman

    Seller Co-Listing Agent in 2018

    Dave Huberman

    Gustave White Sotheby's Realty

    (401) 316-6051

    8 in this area

    52 Total Sales

    Dave Huberman
    Section Image

  • K

    Buyer's Agent in 2018

    Keith Marvelle

    Compass / Lila Delman Compass

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1187259

State-Wide MLS

APN: NEWP-000032-000261-000001

Rhode Island Newport County Newport 02840 Historic Hill

402 Spring St Unit 1, Newport, RI

This home is located at 402 Spring St Unit 1, Newport, RI 02840 since 10 April 2018 and is currently estimated at $519,432, approximately $620 per square foot. This property was built in 1870. 402 Spring St Unit 1 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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