NOT LISTED FOR SALE

474 Thames St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,195,280

3 Beds
4 Baths
3,506 Sq Ft
$341/Sq Ft Est. Value

Last Sold January 27, 2020

Last sale price $735,000 $210 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,544/month

67 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Corner Lot
  • Water Views
  • Wood Flooring
  • Tennis Courts

About This Home

As of January 2020

Signature Thames Street Building in the Heart of Newport's Waterfront District. High foot traffic, Corner lot. Walk to harbor. Private brick courtyard. Beautiful retail space on first floor and large three bedroom townhouse unit with tremendous income potential! Building has been meticulously maintained. This is a great investment opportunity.

Last Agent to Sell the Property

Jim Manson

Hogan Associates Christie's License #RES.0016967 Listed on: 10/21/2019

Last Buyer's Agent

Paul Tobak

Hogan Associates Christie's License #REB.0007427

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,263

Year Built

  • Built in 1923

Lot Details

  • 1,370 Sq Ft Lot
  • Security Fence
  • Corner Lot

Parking

  • No Garage

Home Design

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

Interior Spaces

  • 3,506 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Storage Room
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 150
  • Assessor Parcel Number 474THAMESSTNEWP

Community Details

Overview

  • 2 Units
  • Lower Thames/Harbor Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $14,973

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,263

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.03
  • Subdivision Name: Lower Thames/Harbor
  • Above Grade Finished Sq Ft: 3506.0
  • Architectural Style: Other
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Parquet, Carpet
  • Interior Amenities: Bathtub, Skylights, Tub Shower, Cable TV
  • Dining Room Type: Storage Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Security
  • Lot Features: Corner Lot
  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1370.0
  • Parcel #: 474THAMESSTNEWP
  • Zoning: LB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 14973.0

Tax Info

  • Tax Annual Amount: 9263.0
  • Tax Lot: 150
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Jan 24, 2020
Sold by
Asgard Inc
Bought by
Foley Wilson
Seller's Agent
Jim Manson
Hogan Associates Christie's
Buyer's Agent
Paul Tobak
Hogan Associates Christie's
List Price
$795,000
Sold Price
$735,000
Premium/Discount to List
-$60,000
-7.55%
Current Estimated Value
$1,195,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,280
Avg. Annual Appreciation
8.86%
Source: Public Records

Range of Values:

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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
Foley Wilson $735,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mancini Michele $200,000
Previous Owner Mancini Michele $57,473
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2020 01/27/20 Sold $735,000 -7.5% $210 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $795,000 -- $227 / 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
2024 -- $936,800 $372,900 $563,900
2023 $0 $674,300 $333,500 $340,800
2022 $0 $674,300 $333,500 $340,800
2021 $0 $674,300 $333,500 $340,800
2020 $0 $595,700 $342,500 $253,200
2019 $0 $595,700 $342,500 $253,200
2018 $0 $595,700 $342,500 $253,200
2017 $0 $541,800 $226,400 $315,400
2016 -- $541,800 $226,400 $315,400
2015 -- $541,800 $226,400 $315,400
2014 -- $522,600 $226,400 $296,200
Source: Public Records

Agents Affiliated with this Home

  • Jim Manson

    Seller's Agent in 2020

    Jim Manson

    Hogan Associates Christie's

    (401) 680-6588

    8 Total Sales

    Section Image
  • Paul Tobak

    Buyer's Agent in 2020

    Paul Tobak

    Hogan Associates Christie's

    (401) 862-9962

    3 in this area

    32 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1239342

State-Wide MLS

APN: NEWP-000032-000000-000150

Rhode Island Newport County Newport 02840 Historic Hill

474 Thames St, Newport, RI

This home is located at 474 Thames St, Newport, RI 02840 since 21 October 2019 and is currently estimated at $1,195,280, approximately $340 per square foot. This property was built in 1923. 474 Thames 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.

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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