NOT LISTED FOR SALE

427 Spring St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,357,810 - $1,620,000

2 Beds
1 Bath
800 Sq Ft
$1,823/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2017

Last sale price $698,000 $872 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $8,423 / mo

Highlights

  • Marina
  • Furnished
  • Tennis Courts
  • Wood Flooring
  • No HOA
  • Walking Distance to Water

About This Home

As of December 2020

WINTER RENTAL September 2021 - ALL UTILITIES INCLUDED Affordable 2 bedroom rental steps from downtown and close to Salve. Roomy 2 bedroom 3rd floor unit with all the utilities included. Nice yard, laundry in building. Storage space. Great living space. Popular rental Can't beat it! Can be combined with the 2nd floor for 5 bedroom unit or the whole house and be rented - 8 total bedrooms.

Last Agent to Rent the Property

Kevan Campbell

Hogan Associates Christie's License #RES.0034444 Listed on: 11/11/2020

Last Renter's Agent

Holly McLear

Hogan Associates Christie's License #RES.0028965

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 2,352

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 800 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Thermal Windows
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • No Garage
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Hot Water Heating System
  • Cable TV Available

Additional Features

  • Fenced
  • Property near a hospital

Listing and Financial Details

  • Property Available on 9/7/21
  • Month-to-Month Lease Term
  • Assessor Parcel Number 427SPRINGSTNEWP

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Spring/Bellevue/Thames Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

2,352 Sq Ft Lot

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2021-09-07
  • Security Deposit: 1650.0

Listing Details

  • Prop. Type: Residential Lease
  • Subdivision Name: Spring/Bellevue/Thames
  • Above Grade Finished Sq Ft: 800.0
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • Building Stories: 3
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Tub Shower, Furnished, Cable TV
  • Living Area: 800.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 3
  • Window Features: Thermal Windows

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Water Source: Water Tap Fee

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Electricity, Heat, Hot Water, Internet, Laundry Facilities, Sewer, Trash Collection, Cable TV
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 427SPRINGSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2017
Closed on
Sep 21, 2017
Sold by
Calcagni Heather
Bought by
Quinn Michael J and Quinn Kristen E
Seller's Agent
Jason Brown
William Raveis Inspire
Buyer's Agent
Kevan Campbell
Hogan Associates Christie's
List Price
$749,000
Sold Price
$698,000
Premium/Discount to List
-$51,000
-6.81%
Current Estimated Value
$1,458,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$760,203
Avg. Annual Appreciation
9.03%
Original Mortgage
$523,500
Outstanding Balance
$437,160
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$1,021,043

Purchase Details

Closed on
Dec 18, 2009
Sold by
Hallett Darrell M
Bought by
Calcagni Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2005
Sold by
Brogan Jason
Bought by
Hallett Darrell

Purchase Details

Closed on
Jul 3, 2001
Sold by
Canning Christopher J and Viveiros David M
Bought by
Brogan Jason P and Brehaut Nicole

Purchase Details

Closed on
Sep 29, 1999
Sold by
Carr Frederick L and Cormier Nancy J
Bought by
Canning Christopher
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quinn Michael J $698,000 --
Calcagni Heather $400,000 --
Hallett Darrell $565,000 --
Brogan Jason P $285,000 --
Canning Christopher $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinn Michael J $523,500
Previous Owner Canning Christopher $392,755
Previous Owner Canning Christopher $452,000
Previous Owner Canning Christopher $56,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/11/2020 11/11/20 For Rent $1,650 0.0% --
11/11/2020 11/11/20 Rented $1,650 0.0% --
08/10/2020 08/10/20 For Rent $1,650 0.0% --
08/10/2020 08/10/20 Rented $1,650 -72.5% --
05/22/2020 05/22/20 Rented $6,000 +71.4% --
04/22/2020 04/22/20 Under Contract -- -- --
02/11/2020 02/11/20 For Rent $3,500 0.0% --
09/21/2017 09/21/17 Sold $698,000 -6.8% $262 / Sq Ft View Prior Sale
08/22/2017 08/22/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $749,000 -- $282 / Sq Ft
Source: State-Wide MLS

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 $8,308 $956,100 $349,000 $607,100
2024 $7,859 $956,100 $349,000 $607,100
2023 $6,069 $611,800 $228,100 $383,700
2022 $5,879 $611,800 $228,100 $383,700
2021 $5,708 $611,800 $228,100 $383,700
2020 $5,193 $505,200 $217,800 $287,400
2019 $5,193 $505,200 $217,800 $287,400
2018 $5,047 $505,200 $217,800 $287,400
2017 $4,643 $414,200 $155,800 $258,400
2016 $4,527 $414,200 $155,800 $258,400
2015 $4,420 $414,200 $155,800 $258,400
2014 $3,977 $329,800 $132,400 $197,400
Source: Public Records

Agents Affiliated with this Home

  • Kevan Campbell

    Landlord's Agent in 2020

    Kevan Campbell

    Hogan Associates Christie's

    (401) 556-9563

    3 in this area

    65 Total Sales

    Kevan Campbell
    Section Image

  • M

    Buyer's Agent in 2020

    Madeline Andrews

  • Holly McLear

    Tenant's Agent in 2020

    Holly McLear

    Hogan Associates Christie's

    (401) 855-0485

    7 in this area

    39 Total Sales

    Holly McLear
    Section Image

  • J

    Seller's Agent in 2017

    Jason Brown

    William Raveis Inspire

    (401) 846-3800

    8 in this area

    24 Total Sales

    Jason Brown
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1269790

State-Wide MLS

APN: NEWP-000035-000000-000009

Rhode Island Newport County Newport 02840 Fifth Ward

427 Spring St, Newport, RI

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