Seller's Agent in 2025
Michelle Drum
Gustave White Sotheby's Realty
(401) 265-3423
11 in this area
71 Total Sales
41 School St Newport, RI 02840
Historic Hill Neighborhood
7
Beds
3
Baths
4,036
Sq Ft
4,792
Sq Ft Lot
Highlights
- Wood Flooring
- Cooling System Mounted In Outer Wall Opening
- Storage Room
- 3 Car Detached Garage
- Bathtub with Shower
- 3-minute walk to Queen Anne Square
About This Home
As of February 2025The Arhtur B. Mumford House was built in the Spring of 1880 by J.D. Johnston. Mr. Mumford owned a grocery on the corner of Spring and Church. Interestingly, Dudley Newton built 52 Division Street which abuts this property in the back and was his own home and so it fair to assume that 41 School with its Distinctive " Newton Roof" was built at least using Newton-provided plans as well. At some point 41 School Street was called the "Mumford Cottage". It was sold "as is". All three of the units have great detail.
Last Agent to Sell the Property
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #REB.0013061 Listed on: 02/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,214
Year Built
- Built in 1880
Lot Details
- 4,792 Sq Ft Lot
Parking
- 3 Car Detached Garage
Home Design
- Fixer Upper
- Clapboard
- Plaster
Interior Spaces
- 4,036 Sq Ft Home
- 3-Story Property
- Marble Fireplace
- Fireplace Features Masonry
- Storage Room
- Wood Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Steam
Community Details
- 3 Units
- Historic Hill Subdivision
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 4
- Assessor Parcel Number 41SCHOOLSTNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2025
Closed on
Jan 30, 2025
Sold by
Barbara Hodgkins V
Bought by
Fleury Prop Llc
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$2,400,000
Sold Price
$2,400,000
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
$3,000
Avg. Annual Appreciation
4.55%
Original Mortgage
$3,230,000
Outstanding Balance
$3,215,856
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$749,856
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,400,000 | None Available | |
| Warranty Deed | $2,400,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $3,230,000 | Purchase Money Mortgage | |
| Closed | $3,230,000 | Purchase Money Mortgage | |
| Previous Owner | $930,000 | FHA | |
| Previous Owner | $265,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $65,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | Sold | $2,400,000 | 0.0% | $595 / Sq Ft |
| 02/04/2025 02/04/25 | For Sale | $2,400,000 | -- | $595 / 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 | $11,214 | $1,364,200 | $586,200 | $778,000 |
| 2023 | $8,076 | $814,100 | $334,100 | $480,000 |
| 2022 | $7,824 | $814,100 | $334,100 | $480,000 |
| 2021 | $7,596 | $814,100 | $334,100 | $480,000 |
| 2020 | $7,172 | $697,700 | $285,500 | $412,200 |
| 2019 | $7,172 | $697,700 | $285,500 | $412,200 |
| 2018 | $9,400 | $940,900 | $285,500 | $655,400 |
| 2017 | $6,982 | $622,800 | $219,600 | $403,200 |
| 2016 | $6,807 | $622,800 | $219,600 | $403,200 |
| 2015 | $6,645 | $622,800 | $219,600 | $403,200 |
| 2014 | $6,239 | $517,300 | $167,700 | $349,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Drum
-
Alex Fraioli
Buyer's Agent in 2025
Alex Fraioli
Edge Realty RI
(401) 255-9109
12 in this area
139 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1377548
APN: NEWP-000024-000145-000004
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