NOT LISTED FOR SALE

48 E Bowery St Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $746,000 - $964,000

3 Beds
2 Baths
1,520 Sq Ft
$534/Sq Ft Est. Value

Last Sold August 10, 2016

Last sale price $321,000 $211 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $4,727/month

31 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Golf Course Community
  • Tennis Courts
  • 3-minute walk to Freebody Park

About This Home

As of August 2016

Great opportunity to buy a multi-family in Newport. Live in one or rent both and collect income. Two bedroom and one bedroom units, separate utilities, inviting front porch, backyard, and nice details throughout. Prime location to enjoy Newport!

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 06/09/2016

RE/MAX Results

Co-Listed By

Joseph Fitzpatrick

RE/MAX Results License #REB.0019890

Last Buyer's Agent

Ed August

PMI of Rhode Island License #REC.0018109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,624

Year Built

  • Built in 1900

Lot Details

  • 1,804

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,520 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 1,804 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 014
  • Assessor Parcel Number 48EASTBOWERYSTNEWP

Community Details

Overview

  • 2 Units
  • Annandale/Cliff Walk Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,624

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0414
  • Co List Office Mls Id: RMAX01
  • Co List Office Phone: 401-849-0100
  • Subdivision Name: ANNANDALE/CLIFF WALK
  • Above Grade Finished Sq Ft: 1520.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Cable TV
  • Living Area: 1520.0
  • Stories: 2

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 1804.0
  • Parcel #: 48EASTBOWERYSTNEWP

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2624.0
  • Tax Lot: 014
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Aug 10, 2016
Sold by
Kososki Kristine and Kososki David
Bought by
Rossi Frances
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Ed August
PMI of Rhode Island
List Price
$325,000
Sold Price
$321,000
Premium/Discount to List
-$4,000
-1.23%
Current Estimated Value
$811,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,676
Avg. Annual Appreciation
10.45%
Original Mortgage
$277,624
Outstanding Balance
$221,512
Interest Rate
3.48%
Mortgage Type
FHA
Estimated Equity
$590,164

Purchase Details

Closed on
Sep 8, 2004
Sold by
Ganger Helga
Bought by
Kososki Kristine and Kososki David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2000
Sold by
Mcsparren Thomas R and Mcsparren Marybeth
Bought by
Ganger Helga C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,946
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rossi Frances $321,000 --
Kososki Kristine $308,000 --
Ganger Helga C $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossi Frances $277,624
Previous Owner Ganger Helga C $219,779
Previous Owner Ganger Helga C $246,400
Previous Owner Ganger Helga C $109,448
Previous Owner Ganger Helga C $105,946
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2016 08/10/16 Sold $321,000 -1.2% $211 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $325,000 -- $214 / 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 $5,634 $648,400 $333,300 $315,100
2024 $5,330 $648,400 $333,300 $315,100
2023 $4,104 $413,700 $217,900 $195,800
2022 $3,976 $413,700 $217,900 $195,800
2021 $3,860 $413,700 $217,900 $195,800
2020 $3,808 $370,400 $216,500 $153,900
2019 $3,808 $370,400 $216,500 $153,900
2018 $3,700 $370,400 $216,500 $153,900
2017 $2,757 $245,900 $116,200 $129,700
2016 $2,688 $245,900 $116,200 $129,700
2015 $2,624 $245,900 $116,200 $129,700
2014 $2,601 $215,700 $98,700 $117,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2016

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    7 in this area

    688 Total Sales

    Joe Fitzpatrick
    Section Image
  • Joseph Fitzpatrick

    Seller Co-Listing Agent in 2016

    Joseph Fitzpatrick

    RE/MAX Results

    (401) 848-7827

    12 Total Sales

    Joseph Fitzpatrick
    Section Image
  • Ed August

    Buyer's Agent in 2016

    Ed August

    PMI of Rhode Island

    (401) 749-1791

    6 Total Sales

    Ed August
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1128412

State-Wide MLS

APN: NEWP-000034-000000-000014

Rhode Island Newport County Newport 02840 Memorial Boulevard

48 E Bowery St, Newport, RI

Not Listed for Sale

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