K
Seller's Agent in 2019
Kevin Castner
RE/MAX Results
(401) 787-5194
18 Total Sales
41 Red Cross Ave Unit 43 Newport, RI 02840
Old Beach NeighborhoodEstimated Value: $1,500,998 - $2,330,000
12
Beds
4
Baths
6,404
Sq Ft
$291/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!
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
Total Days on Market
32
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
11.75%
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
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
-
Madeline Andrews
Seller Co-Listing Agent in 2019
Madeline Andrews
RE/MAX Results
(401) 258-3225
18 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1226987
APN: NEWP-000029-000000-000168
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