NOT LISTED FOR SALE

44 Charles St Newport, RI 02840

Estimated Value: $1,158,000 - $1,337,000

6 Beds
3 Baths
3,618 Sq Ft
$348/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $865,000 $239 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,426/month

111 Days on Market

Highlights

  • Marina
  • Corner Lot
  • Walking Distance to Water
  • Wood Flooring
  • Tennis Courts
  • 2-minute walk to Cardines Field

About This Home

As of January 2022

Solid two-family tucked into the Point neighborhood of downtown Newport, just steps from upper Thames Street and Washington Square. This low-maintenance investment property has seen many upgrades over the last 20 years and offers all separate utilities with young boilers, new exterior siding, parking and no lawn to mow. Two spacious units feature separate entrances, double-parlor living spaces, large eat-in kitchens and shared basement laundry. The first floor provides a single-level 2-bed/1-bath with interior access to the basement. The second unit spans over two levels, including 4-bedrooms and 2 full bathrooms. Once operating as a 3-family, the cozy third floor has its own heating zone, full bathroom, plus sitting room with wet bar and Vermont Castings gas stove. Keep long-term tenants for a hassle-free investment or maximize income by shifting to seasonal rentals in 2022.

Last Agent to Sell the Property

Kelly Moran

William Raveis Inspire License #REB.0018812 Listed on: 09/01/2021

William Raveis Inspire

Last Buyer's Agent

Jane Bresko

First Resort, LLC License #RES.0046344

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,829

Year Built

  • Built in 1905

Lot Details

  • 2,400 Sq Ft Lot
  • Corner Lot

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 3,618 Sq Ft Home
  • 3-Story Property
  • Free Standing Fireplace
  • Gas Fireplace
  • Utility Room
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Hot Water Heating System
  • Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 137
  • Assessor Parcel Number 44CHARLESSTNEWP

Community Details

Overview

  • 2 Units
  • The Point/Washington Square Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,829

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0551
  • Subdivision Name: The Point/Washington Square
  • Above Grade Finished Sq Ft: 3618.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1905
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: Free Standing, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2400.0
  • Parcel #: 44CHARLESSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6829.0
  • Tax Lot: 137
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Jan 21, 2022
Sold by
Cogswell Brent L and Cogswell Jodie L
Bought by
Leavitt Peter J and Leavitt Marie C
Seller's Agent
Kelly Moran
William Raveis Inspire
Buyer's Agent
Jane Bresko
First Resort, LLC
List Price
$950,000
Sold Price
$865,000
Premium/Discount to List
-$85,000
-8.95%
Current Estimated Value
$1,257,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,548
Avg. Annual Appreciation
10.55%
Original Mortgage
$515,000
Outstanding Balance
$474,637
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$782,911

Purchase Details

Closed on
Aug 27, 1993
Sold by
Bank Of Newport
Bought by
Corsi Peter James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
7.06%

Purchase Details

Closed on
Apr 22, 1992
Sold by
Duncan Charles
Bought by
Bk Of Newport
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
Leavitt Peter J $865,000 None Available
Corsi Peter James $125,000 --
Bk Of Newport $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leavitt Peter J $515,000
Previous Owner Bk Of Newport $306,000
Previous Owner Bk Of Newport $100,000
Previous Owner Bk Of Newport $356,000
Previous Owner Bk Of Newport $118,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $865,000 -8.9% $239 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $950,000 -- $263 / 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 $9,109 $1,048,300 $491,400 $556,900
2024 $7,307 $1,048,300 $491,400 $556,900
2023 $6,590 $664,300 $280,100 $384,200
2022 $6,384 $664,300 $280,100 $384,200
2021 $6,198 $664,300 $280,100 $384,200
2020 $5,990 $582,700 $278,700 $304,000
2019 $5,990 $582,700 $278,700 $304,000
2018 $5,821 $582,700 $278,700 $304,000
2017 $4,963 $442,700 $155,800 $286,900
2016 $4,839 $442,700 $155,800 $286,900
2015 $4,724 $442,700 $155,800 $286,900
2014 $4,865 $403,400 $132,500 $270,900
Source: Public Records

Agents Affiliated with this Home

  • Kelly Moran

    Seller's Agent in 2022

    Kelly Moran

    William Raveis Inspire

    (631) 807-2198

    4 in this area

    37 Total Sales

    Kelly Moran
    Section Image

  • J

    Buyer's Agent in 2022

    Jane Bresko

    First Resort, LLC

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1292593

State-Wide MLS

APN: NEWP-000017-000000-000137

Rhode Island Newport County Newport 02840

44 Charles St, Newport, RI

This home is located at 44 Charles St, Newport, RI 02840 since 01 September 2021 and is currently estimated at $1,257,548, approximately $347 per square foot. This property was built in 1905. 44 Charles St 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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