NOT LISTED FOR SALE

431 Park Ave Portsmouth, RI 02871

Island Park Neighborhood

Estimated Value: $788,000 - $836,000

4 Beds
4 Baths
4,085 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $423,000 $104 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,124/month

48 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Portsmouth High School Rated A-
  • Beach Access
  • Deck

About This Home

As of July 2019

VERY WELL MAINTAINED, INCOME PRODUCING ,WATERFRONT PROPERTY. THIS LOVELY 3 FAMILY OFFERS A 2 BEDROOM, 2 FBTH, SPACIOUS OWNERS UNIT ON THE 1ST LEVEL W/LOVELY WATERVIEWS OF THE SAKONNET RIVER. EACH OF THE OTHER 2 UNITS HAVE 1 BR, 1 FBTH AND ALSO WATERVIEWS. ENJOY SWIMMING, BOATING, WALKING TO RESTAURANTS, QUICK ACCESS TO HIGHWAY, BOSTON, NEW YORK, NEWPORT, ALL ARE WITHIN A COMFORTABLE TRAVELING DISTANCE. THIS AFFORDABLE INCOME PRODUCING PROPERTY GIVES THE OPTION OF RENTING ALL THREE UNITS. OPPORTUNITY KNOCKS.

Last Agent to Sell the Property

Claire Velardi

BHHS Commonwealth Real Estate License #RES.0030748 Listed on: 05/13/2019

Last Buyer's Agent

Claire Velardi

BHHS Commonwealth Real Estate License #RES.0030748 Listed on: 05/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,672

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot

Parking

  • No Garage

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,085 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Laminate Flooring
  • Water Views

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Beach Access
  • River Access
  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 377
  • Assessor Parcel Number 431PARKAVPORT

Community Details

Recreation

  • Marina
  • Golf Course Community

Additional Features

  • 4 Units
  • Public Transportation
  • Operating Expense $9,368

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,672

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Subdivision Name: 0040
  • Above Grade Finished Sq Ft: 4085.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Cedar Closet(s), Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, River Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Forced Air, Gas, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 431PARKAVPORT
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 9368.0

Tax Info

  • Tax Annual Amount: 4672.0
  • Tax Lot: 377
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2009
Sold by
Us Bank Na
Bought by
Elwell Gary and Elwell Cynthia
Current Estimated Value
$816,667

Purchase Details

Closed on
Jan 16, 2009
Sold by
Johnson Steven and Johnson Jane
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 29, 2005
Sold by
Striker Assoc
Bought by
Johnson Steven W and Johnson Jane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
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
Elwell Gary $280,000 --
Us Bank Na $422,500 --
Johnson Steven W $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chappell Eric P $394,800
Previous Owner Chappell Eric P $100,000
Previous Owner Chappell Eric P $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $423,000 -11.9% $104 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $479,900 0.0% $117 / Sq Ft
01/29/2017 01/29/17 For Rent $900 0.0% --
01/29/2017 01/29/17 Rented $900 -- --
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
2024 $8,090 $613,800 $262,800 $351,000
2023 $7,844 $613,800 $262,800 $351,000
2022 $6,224 $400,000 $213,900 $186,100
2021 $6,124 $400,000 $213,900 $186,100
2020 $6,028 $400,000 $213,900 $186,100
2019 $4,797 $292,500 $132,000 $160,500
2018 $4,671 $292,500 $132,000 $160,500
2017 $4,510 $292,500 $132,000 $160,500
2016 $4,850 $303,100 $138,900 $164,200
2015 $4,789 $303,100 $138,900 $164,200
2014 $4,759 $301,200 $138,900 $162,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Claire Velardi

    BHHS Commonwealth Real Estate

  • J

    Seller's Agent in 2017

    JoAnn Houle

    BerkshireHathaway HomeServices

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Map

Source: State-Wide MLS

MLS Number: 1223001

State-Wide MLS

APN: PORT-000020-000000-000377

Rhode Island Newport County Portsmouth 02871 Island Park

431 Park Ave, Portsmouth, RI

This home is located at 431 Park Ave, Portsmouth, RI 02871 since 13 May 2019 and is currently estimated at $816,667, approximately $199 per square foot. This property was built in 1940. 431 Park Ave is a home located in Newport County with nearby schools including Portsmouth High School, St. Philomena School of the Sacred Heart, and Our Lady of Mt. Carmel School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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