41 Red Cross Ave Unit 43 Newport, RI 02840
Old Beach NeighborhoodEstimated Value: $1,485,000 - $2,619,000
12
Beds
4
Baths
6,404
Sq Ft
$293/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Tennis Courts
- Walking Distance to Water
- 2 Fireplaces
- Workshop
- 3-minute walk to Aquidneck Growers Market (Wednesday)
About This Home
As of August 2019Welcome to Red Cross Avenue, a tranquil tree-lined community nestled in the heart of Newport. Stroll to Easton's Beach, the Cliff Walk, Bellevue Avenue or downtown. This spacious two-family home offers mirror-image units side-by-side, each over three floors. Each carefully maintained unit boasts over 1,650 square feet of living space including 5/6 bedrooms and 2 bathrooms. Newer windows, roof, wiring, and gas central heating have been installed. Hardwood floors recently refinished. The first floor of each unit contains a master bedroom (with fireplace), bathroom, living room and an eat-in kitchen. Both units have their own basements with laundry and separate utilities. 2 king-sized bedrooms on the second floor, a 3rd good-sized bedroom, and a 3-piece bathroom with jetted tub and towel warmer. The third floor has 2 small bedrooms per side. Beacon Hill style garden at the back surrounded by mature 15ft hedges. Hard-surfaced parking for 12 vehicles in the rear of the property could be used to build a 3-bay garage, guest/studio accommodation or a home office. Owner-occupied currently, leases are in place for both units from Sept 2019 through May 2020, totaling $5,500 per month. A strong rental history, with potential annual income of $80,000+ if rented in summer, the property can be acquired as a turn-key investment. OR rent one side and keep the other as your Newport beach-house. Alternatively, combine both units into a spectacular family home!
Last Agent to Sell the Property
RE/MAX Results License #RES.0035348 Listed on: 06/18/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,970
Year Built
- Built in 1920
Lot Details
- 0.28 Acre Lot
Home Design
- Shingle Siding
Interior Spaces
- 6,404 Sq Ft Home
- 4-Story Property
- 2 Fireplaces
- Fireplace Features Masonry
- Workshop
- Storage Room
- Utility Room
- Storm Doors
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 12 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Walking Distance to Water
- Patio
- Porch
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Radiant Heating System
- Heating System Uses Steam
- 100 Amp Service
- Electric Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 168
- Assessor Parcel Number 4143REDCROSSAVNEWP
Community Details
Overview
- 4 Units
- Memorial Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $10,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 16, 2021
Sold by
Bertoncini Gregory R and Haltzman Scott D
Bought by
Npt Holdings Llc
Current Estimated Value
Purchase Details
Listed on
Jun 18, 2019
Closed on
Aug 9, 2019
Sold by
Hunter William R and Hunter Mara
Bought by
Bertoncini Gregory R and Haltzman Scott D
Seller's Agent
Kevin Castner
RE/MAX Results
Buyer's Agent
Kevin Castner
RE/MAX Results
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$740,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 8, 2011
Sold by
Hunter William Richard
Bought by
Hunter William Richard and Kozelsky Mara
Similar Home in Newport, RI
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Npt Holdings Llc | -- | None Available | |
| Bertoncini Gregory R | $925,000 | -- | |
| Hunter William Richard | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bertoncini Gregory R | $740,000 | |
| Previous Owner | Josephson Sarah | $454,000 | |
| Previous Owner | Josephson Sarah | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2019 08/20/19 | Sold | $925,000 | -7.0% | $144 / Sq Ft |
| 07/21/2019 07/21/19 | Pending | -- | -- | -- |
| 06/18/2019 06/18/19 | For Sale | $995,000 | -- | $155 / 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 | $11,978 | $1,457,200 | $784,500 | $672,700 |
| 2023 | $8,825 | $889,600 | $455,000 | $434,600 |
| 2022 | $8,549 | $889,600 | $455,000 | $434,600 |
| 2021 | $8,300 | $889,600 | $455,000 | $434,600 |
| 2020 | $8,201 | $797,800 | $444,600 | $353,200 |
| 2019 | $8,201 | $797,800 | $444,600 | $353,200 |
| 2018 | $7,970 | $797,800 | $444,600 | $353,200 |
| 2017 | $6,635 | $591,900 | $281,500 | $310,400 |
| 2016 | $6,469 | $591,900 | $281,500 | $310,400 |
| 2015 | $6,316 | $591,900 | $281,500 | $310,400 |
| 2014 | $6,422 | $532,500 | $230,300 | $302,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Castner
K
Seller's Agent in 2019
Kevin Castner
RE/MAX Results
(401) 787-5194
18 Total Sales
-
Madeline Andrews
Seller Co-Listing Agent in 2019
Madeline Andrews
RE/MAX Results
(401) 258-3225
16 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1226987
APN: NEWP-000029-000000-000168
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