NOT LISTED FOR SALE

46 Lee Ave Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,012,330 - $1,478,000

4 Beds
3 Baths
2,562 Sq Ft
$469/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $474,000 $185 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $6,967/month

27 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Walking Distance to Water
  • Golf Course Community
  • Tennis Courts
  • Storage Room

About This Home

As of May 2016

Great 3 family home located in the heart of Newport with parking! Walk to Thames, Restaurants. Updates include new windows, newer roof, updated kitchens, and nice hdwds. Great roof top deck w/ views of the harbor. $5000 credit- electrical updates.

Last Agent to Sell the Property

Diane Dailey

HomeSmart Professionals License #REB.0016629 Listed on: 03/30/2016

Last Buyer's Agent

Chad Kritzas

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,742

Year Built

  • Built in 1888

Lot Details

  • 2,600 Sq Ft Lot
  • Fenced

Home Design

  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,562 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 115
  • Assessor Parcel Number 46LEEAVNEWP

Community Details

Overview

  • 3 Units
  • Fifth Ward Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,742

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0597
  • Subdivision Name: FIFTH WARD
  • Above Grade Finished Sq Ft: 2562.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1888
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Cable TV
  • Living Area: 2562.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding, Wood Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 2600.0
  • Parcel #: 46LEEAVNEWP
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5742.0
  • Tax Lot: 115
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
May 27, 2016
Sold by
Kelley Alan
Bought by
Kinvig Cameron and Kinvig Natalie
Seller's Agent
Diane Dailey
HomeSmart Professionals
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$474,000
Sold Price
$474,000
Current Estimated Value
$1,201,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,833
Avg. Annual Appreciation
10.10%
Original Mortgage
$355,500
Outstanding Balance
$279,945
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$921,888

Purchase Details

Closed on
Jul 11, 2006
Sold by
Lindley Robert
Bought by
Kelley Alan

Purchase Details

Closed on
Aug 11, 1999
Sold by
Mcelroy Sean R
Bought by
Lindley Robert
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
Kinvig Cameron $474,000 --
Kelley Alan $510,000 --
Lindley Robert $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinvig Cameron $355,500
Previous Owner Lindley Robert $420,000
Previous Owner Lindley Robert $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $474,000 0.0% $185 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $474,000 -- $185 / 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 $8,716 $1,003,100 $351,400 $651,700
2024 $8,245 $1,003,100 $351,400 $651,700
2023 $6,365 $641,600 $229,700 $411,900
2022 $6,166 $641,600 $229,700 $411,900
2021 $5,986 $641,600 $229,700 $411,900
2020 $5,347 $520,100 $218,000 $302,100
2019 $5,347 $520,100 $218,000 $302,100
2018 $5,196 $520,100 $218,000 $302,100
2017 $5,337 $476,100 $155,900 $320,200
2016 $5,204 $476,100 $155,900 $320,200
2015 $5,080 $476,100 $155,900 $320,200
2014 $4,586 $380,300 $132,500 $247,800
Source: Public Records

Agents Affiliated with this Home

  • Diane Dailey

    Seller's Agent in 2016

    Diane Dailey

    HomeSmart Professionals

    (401) 855-9192

    2 Total Sales

    Diane Dailey
    Section Image
  • Chad Kritzas

    Buyer's Agent in 2016

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    5 in this area

    192 Total Sales

    Chad Kritzas
    Section Image

  • A

    Buyer Co-Listing Agent in 2016

    Antonette Marshall

    Hogan Associates Christie's

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1121468

State-Wide MLS

APN: NEWP-000035-000000-000115

Rhode Island Newport County Newport 02840 Fifth Ward

46 Lee Ave, Newport, RI

Not Listed for Sale

MultiFamily

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