402 Spring St Unit 3 Newport, RI 02840
Historic Hill NeighborhoodEstimated Value: $542,557 - $605,000
1
Bed
1
Bath
785
Sq Ft
$244/mo
HOA Fee
Highlights
- Water Views
- Marble Flooring
- Tennis Courts
- Deck
- Cathedral Ceiling
- 4-minute walk to Aquidneck Park
About This Home
As of July 2021Terrific in-town Condo that offers beautiful harbor views inside and out! Delightful private deck overlooking the town sea scape and magnificent sunsets! Nice open living space with beautiful pine floors, vaulted ceiling, exposed rafters, and exposed brick chimney that add a touch of architectural character. The space is perfect for multi-use entertainment, office, and dining area. The kitchen has plenty of cabinets, granite counters, and breakfast bar. Nice bath with marble floors, tiled shower, and plenty of natural light. Multiple eaves storage closets throughout. The third floor entry landing has space for beach and outerwear gear. Laundry is basement level. 100% walk score to restaurants, shops, parks, and waterfront!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,832
Year Built
- Built in 1870
HOA Fees
- $244 Monthly HOA Fees
Home Design
- Stone Foundation
- Wood Siding
- Clapboard
- Plaster
Interior Spaces
- 785 Sq Ft Home
- 3-Story Property
- Cathedral Ceiling
- Skylights
- Storage Room
- Utility Room
- Water Views
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- 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
- Deck
Utilities
- Cooling Available
- Heating System Uses Gas
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 261
- Assessor Parcel Number 402SPRINGST3NEWP
Community Details
Overview
- 3 Units
- Yachting Village Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2021
Closed on
Jul 9, 2021
Sold by
John Harvey & M Haavik Lt
Bought by
Palazzo Adele
Seller's Agent
Holly Mclear
Hogan Associates Christie's
Buyer's Agent
Anytime Team
Anytime Realty
List Price
$475,000
Sold Price
$456,500
Premium/Discount to List
-$18,500
-3.89%
Total Days on Market
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,389
Avg. Annual Appreciation
6.14%
Original Mortgage
$365,200
Outstanding Balance
$334,933
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$240,556
Purchase Details
Closed on
Mar 26, 2021
Sold by
Haavik Mette N
Bought by
J Harvey & M Haavik Lt
Purchase Details
Closed on
Sep 21, 2007
Sold by
Sully Squared Llc
Bought by
Haavik Mette N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 15, 2007
Sold by
402 Spring Street Llc
Bought by
Mikulas Philip
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Palazzo Adele | $456,500 | None Available | |
| J Harvey & M Haavik Lt | -- | None Available | |
| Haavik Mette N | $290,000 | -- | |
| Mikulas Philip | $200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Palazzo Adele | $365,200 | |
| Previous Owner | Mikulas Philip | $260,000 | |
| Previous Owner | Mikulas Philip | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2021 07/09/21 | Sold | $456,500 | -3.9% | $582 / Sq Ft |
| 06/09/2021 06/09/21 | Pending | -- | -- | -- |
| 05/14/2021 05/14/21 | For Sale | $475,000 | -- | $605 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $3,711 | $451,400 | $0 | $451,400 |
| 2023 | $2,967 | $299,100 | $0 | $299,100 |
| 2022 | $2,874 | $299,100 | $0 | $299,100 |
| 2021 | $2,791 | $299,100 | $0 | $299,100 |
| 2020 | $2,832 | $275,500 | $0 | $275,500 |
| 2019 | $2,832 | $275,500 | $0 | $275,500 |
| 2018 | $2,752 | $275,500 | $0 | $275,500 |
| 2017 | $3,088 | $275,500 | $0 | $275,500 |
| 2016 | $3,011 | $275,500 | $0 | $275,500 |
| 2015 | $2,940 | $275,500 | $0 | $275,500 |
| 2014 | $2,903 | $240,700 | $0 | $240,700 |
Source: Public Records
Agents Affiliated with this Home
-
Holly Mclear
Seller's Agent in 2021
Holly Mclear
Hogan Associates Christie's
(401) 855-0485
2 in this area
42 Total Sales
-
A
Buyer's Agent in 2021
Anytime Team
Anytime Realty
Map
Source: State-Wide MLS
MLS Number: 1282526
APN: NEWP-000032-000261-000003
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