NOT LISTED FOR SALE

402 Spring St Unit 3 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $553,000 - $920,000

1 Bed
1 Bath
785 Sq Ft
$244/mo HOA Fee

Last Sold July 09, 2021

Last sale price $456,500 $582 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,992/month

25 Days on Market

Highlights

  • Water Views
  • Marble Flooring
  • Tennis Courts
  • Deck
  • Cathedral Ceiling
  • 4-minute walk to Aquidneck Park

About This Home

As of July 2021

Terrific 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!

Last Agent to Sell the Property

Holly Mclear

Hogan Associates Christie's License #RES.0028965 Listed on: 05/14/2021

Last Buyer's Agent

Anytime Team

Anytime Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,832

Year Built

  • Built in 1870

HOA Fees

  • $244 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • 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
  • Hot Water Heating System
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,832

Year Built

Built in 1870

Lot Details

0

HOA Fees

$244 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 785.0
  • Building Name: 402 Spring St Condominium
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1870
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, 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
  • Entry Location: Third Floor or higher Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Marble, Wood
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower
  • Living Area: 785.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 243.79
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 402SPRINGST3NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 2832.16
  • Tax Lot: 261
  • Tax Year: 2020

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%
Current Estimated Value
$648,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,608
Avg. Annual Appreciation
8.66%
Original Mortgage
$365,200
Outstanding Balance
$331,362
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$316,746

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
Source: Public Records

Range of Values:

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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
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

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
2025 $3,739 $430,300 $0 $430,300
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

    Holly Mclear
    Section Image

  • A

    Buyer's Agent in 2021

    Anytime Team

    Anytime Realty

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1282526

State-Wide MLS

APN: NEWP-000032-000261-000003

Rhode Island Newport County Newport 02840 Historic Hill

402 Spring St Unit 3, Newport, RI

This home is located at 402 Spring St Unit 3, Newport, RI 02840 since 14 May 2021 and is currently estimated at $648,108, approximately $825 per square foot. This property was built in 1870. 402 Spring St Unit 3 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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