NOT LISTED FOR SALE

426 Spring St Unit 202 Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $1,221,000 - $1,472,000

2 Beds
2 Baths
1,454 Sq Ft
$899/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $760,000 $523 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $7,882/month

52 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Water Views
  • Cathedral Ceiling
  • Tennis Courts

About This Home

As of September 2020

Welcome to this spacious water-view condominium in downtown Newport. Relax by the gas fireplace on a private deck and watch the boats sail by in Newport harbor. This condo is located in the Estate area of Newport, walking distance to the waterfront, shops, restaurants, and museums. Thirteen-foot-high ceilings, wood beams, hardwood floors and exposed granite walls. Rooftop observation area with panoramic harbor views. Professionally landscaped common outdoor patio. Central Air, two assigned parking spaces, storage unit, pet friendly and professionally managed. Constructed from a former a elementary school in Newport, and named after the Reverend Robert Lenthal, a clergyman of the Church of England.

Last Agent to Sell the Property

Arthur Chapman

William Raveis Inspire License #REB.0015893 Listed on: 06/10/2020

William Raveis Inspire

Last Buyer's Agent

Robert Dye

William Raveis Inspire License #RES.0034802

William Raveis Inspire

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,166

Year Built

  • Built in 1889

HOA Fees

  • $305 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 1,454 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Stone Fireplace
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Porch

Location

  • Property near a hospital

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 8
  • Assessor Parcel Number 426SPRINGST202NEWP

Community Details

Overview

  • 13 Units
  • Downtown Newport Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,166

Year Built

Built in 1889

Lot Details

0

HOA Fees

$305 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Downtown Newport
  • Above Grade Finished Sq Ft: 1454.0
  • Building Name: Lenthal School
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1889
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Second Floor Access
  • Fireplace Features: Stone
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower, Cable TV
  • Living Area: 1454.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Masonry
  • Exterior Features: Balcony, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Balcony, Porch

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 305.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Dogs OK, Negotiable, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 426SPRINGST202NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 13

Tax Info

  • Tax Annual Amount: 5166.0
  • Tax Lot: 8
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 27, 2020
Sold by
Richard M Cummings Lt
Bought by
Wells Kenneth and Gelsinger Mark A
Seller's Agent
Arthur Chapman
William Raveis Inspire
Buyer's Agent
Robert Dye
William Raveis Inspire
List Price
$775,000
Sold Price
$760,000
Premium/Discount to List
-$15,000
-1.94%
Current Estimated Value
$1,307,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,688
Avg. Annual Appreciation
11.30%
Original Mortgage
$360,000
Outstanding Balance
$319,476
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$988,212

Purchase Details

Closed on
Jul 21, 2016
Sold by
Commins Richard M and Cummins Kimberly L
Bought by
Commins Richard M and Commins Kimberly L

Purchase Details

Listed on
Aug 1, 2012
Closed on
Nov 19, 2012
Sold by
Thomas & Thomas Dev Inc
Bought by
Cummins Richard M and Cummins Kimberly L
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Arthur Chapman
William Raveis Inspire
List Price
$579,000
Sold Price
$520,000
Premium/Discount to List
-$59,000
-10.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Source: Public Records

Range of Values:

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Average Value
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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
Wells Kenneth $760,000 None Available
Wells Kenneth $760,000 None Available
Commins Richard M -- --
Commins Richard M -- --
Cummins Richard M $520,000 --
Cummins Richard M $520,000 --
Cummins Richard M $520,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Kenneth $360,000
Closed Wells Kenneth $360,000
Previous Owner Cummins Richard M $3,567
Closed Cummins Richard M $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $760,000 -1.9% $523 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $775,000 +49.0% $533 / Sq Ft
11/16/2012 11/16/12 Sold $520,000 -10.2% $358 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $579,000 -- $398 / 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 $7,723 $1,075,600 $0 $1,075,600
2024 $7,497 $1,075,600 $0 $1,075,600
2023 $6,588 $664,100 $0 $664,100
2022 $6,382 $664,100 $0 $664,100
2021 $6,196 $664,100 $0 $664,100
2020 $5,166 $502,500 $0 $502,500
2019 $5,166 $502,500 $0 $502,500
2018 $5,020 $502,500 $0 $502,500
2017 $5,633 $502,500 $0 $502,500
2016 $5,492 $502,500 $0 $502,500
2015 $5,362 $502,500 $0 $502,500
2014 $6,983 $579,000 $0 $579,000
Source: Public Records

Agents Affiliated with this Home

  • Arthur Chapman

    Seller's Agent in 2020

    Arthur Chapman

    William Raveis Inspire

    (401) 640-0807

    61 Total Sales

    Arthur Chapman
    Section Image
  • Robert Dye

    Buyer's Agent in 2020

    Robert Dye

    William Raveis Inspire

    (401) 849-5634

    7 Total Sales

    Robert Dye
    Section Image
  • Chad Kritzas

    Seller's Agent in 2012

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    3 in this area

    209 Total Sales

    Chad Kritzas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1256004

State-Wide MLS

APN: NEWP-000035-000008-000202

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

426 Spring St Unit 202, Newport, RI

This home is located at 426 Spring St Unit 202, Newport, RI 02840 since 10 June 2020 and is currently estimated at $1,307,688, approximately $899 per square foot. This property was built in 1889. 426 Spring St Unit 202 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.

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