Seller's Agent in 2021
Jose Aguon
Gustave White Sotheby's Realty
(401) 263-4168
7 in this area
29 Total Sales
45 Elm St Newport, RI 02840
Estimated Value: $1,296,000 - $1,909,000
5
Beds
3
Baths
3,586
Sq Ft
$430/Sq Ft
Est. Value
Highlights
- Marina
- Beach Access
- Deck
- Water Views
- Golf Course Community
- 2-minute walk to Storer Park
About This Home
As of September 2021Third house off the water in the Historic Point Neighborhood. This well maintained two-family with a strong rental history is an ideal conversion to a single family. The first floor unit has a bright and sunny living room, two bedrooms, tiled bathroom, and an eat-in kitchen with gourmet stove and stainless appliances. The laundry facility for the first floor unit is located in the basement along with two high efficiency gas heaters and ample storage space. The two-level unit with water views on the second floor features a primary bedroom with a tiled bathroom and a living room with wet bar, custom bookshelves and fireplace. The third floor has two additional bedrooms with a tiled bath, a washer and dryer, kitchen with tiled floor, center island, skylight, stainless appliances and dining room as well as its own deck for outdoor entertaining with water views of Newport Harbor. Summer entertaining in your beautifully landscaped backyard with a bricked patio and potting shed. Just steps to the water, shipyard, yacht club and parks to launch your kayak. Easy walk to Brick Market, shops, restaurants and entertainment in downtown Newport. A short distance to the Naval War College and easy access to the Newport Bridge for off island access to New York City and Boston. The downstairs, furnished unit is currently available. Enjoy the end of summer for immediate occupancy or rent out.
Last Agent to Sell the Property
Gustave White Sotheby's Realty License #RES.0030702 Listed on: 06/10/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,075
Year Built
- Built in 1900
Lot Details
- 2,644 Sq Ft Lot
- Fenced
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Stone Foundation
- Wood Siding
- Shingle Siding
- Clapboard
- Masonry
Interior Spaces
- 3,586 Sq Ft Home
- 3-Story Property
- Furnished
- Workshop
- Storage Room
- Utility Room
- Water Views
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
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
Outdoor Features
- Beach Access
- Water Access
- Walking Distance to Water
- Deck
- Outdoor Grill
- Porch
Location
- Property near a hospital
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Baseboard Heating
- 200+ Amp Service
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 015
- Assessor Parcel Number 45ELMSTNEWP
Community Details
Overview
- 2 Units
- The Point Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2021
Closed on
Sep 22, 2021
Sold by
Miller Paul J
Bought by
Cornu Timothy and Mchugh-Cornu Rose
Seller's Agent
Jose Aguon
Gustave White Sotheby's Realty
Buyer's Agent
Elizabeth Cody
Lila Delman Compass
List Price
$1,485,000
Sold Price
$1,062,500
Premium/Discount to List
-$422,500
-28.45%
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
$478,691
Avg. Annual Appreciation
8.37%
Purchase Details
Closed on
Jul 28, 1994
Sold by
Andersen Dale R and Andersen Paka
Bought by
Wilson James A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 2, 1991
Sold by
Doody Daniel
Bought by
Anderson Dale
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
9.58%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cornu Timothy | $1,062,500 | None Available | |
| Ryan Paul J | -- | None Available | |
| Wilson James A | $220,000 | -- | |
| Anderson Dale | $230,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Anderson Dale | $176,000 | |
| Previous Owner | Anderson Dale | $184,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $1,062,500 | -28.5% | $296 / Sq Ft |
| 08/31/2021 08/31/21 | Pending | -- | -- | -- |
| 06/10/2021 06/10/21 | For Sale | $1,485,000 | -- | $414 / 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 |
|---|---|---|---|---|
| 2025 | $10,293 | $1,184,600 | $543,900 | $640,700 |
| 2024 | $9,737 | $1,184,600 | $543,900 | $640,700 |
| 2023 | $7,522 | $758,300 | $358,000 | $400,300 |
| 2022 | $7,287 | $758,300 | $358,000 | $400,300 |
| 2021 | $7,075 | $758,300 | $358,000 | $400,300 |
| 2020 | $6,629 | $644,800 | $363,200 | $281,600 |
| 2019 | $6,629 | $644,800 | $363,200 | $281,600 |
| 2018 | $6,442 | $644,800 | $363,200 | $281,600 |
| 2017 | $5,778 | $515,400 | $268,500 | $246,900 |
| 2016 | $5,633 | $515,400 | $268,500 | $246,900 |
| 2015 | $5,499 | $515,400 | $268,500 | $246,900 |
| 2014 | $5,267 | $436,700 | $209,900 | $226,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Aguon
-
Elizabeth Cody
E
Buyer's Agent in 2021
Elizabeth Cody
Lila Delman Compass
(781) 492-8396
1 in this area
5 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1285069
APN: NEWP-000016-000000-000015
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