NOT LISTED FOR SALE

48 Elm St Newport, RI 02840

Estimated Value: $1,035,000 - $1,373,000

3 Beds
2 Baths
1,440 Sq Ft
$845/Sq Ft Est. Value

Highlights

  • No HOA
  • Zoned Heating
  • 2-minute walk to Storer Park

About This Home

As of October 2018

Brand new Stainless steal appliances. Newly painted interior and exterior. Hardwood floors throughout, back deck, high efficiency gas heat with 2 gas fire places and a gas stove. Fully insulated with new windows so you don't heat the outside. New island kitchen with marble counter tops. Skylights on second floor. Great location on the point and Harbor. Home has a water view that is near the navy base and downtown Newport. Can be rented yearly or winter. Furnished or Unfurnished. Cats considered.

Last Agent to Rent the Property

Christopher Walker

William Raveis Inspire License #RES.0034034 Listed on: 09/19/2018

William Raveis Inspire

Last Renter's Agent

Edith Cushing

RE/MAX Profnl. Newport, Inc. License #REB.0017022

RE/MAX Profnl. Newport, Inc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,864

Year Built

  • Built in 1875

Lot Details

  • 2,483

Home Design

  • 1,440 Sq Ft Home
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Property Available on 9/19/18
  • 12 Month Lease Term
  • Assessor Parcel Number 48ELMSTNEWP

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,864

Year Built

Built in 1875

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2018-09-19

Listing Details

  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 1440.0
  • Entry Level: 2
  • Structure Type: Apartment
  • Year Built: 1875
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1440.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

  • Parcel #: 48ELMSTNEWP
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 1998
Sold by
Bennett William W and Bennett George A
Bought by
Babcock Bryan C and Babcock Christopher M
Current Estimated Value
$1,216,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

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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
Babcock Bryan C $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babcock Bryan C $170,000
Closed Babcock Bryan C $130,000
Closed Babcock Bryan C $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Rented $1,975 -6.0% --
10/01/2018 10/01/18 Under Contract -- -- --
09/19/2018 09/19/18 For Rent $2,100 +40.0% --
06/20/2017 06/20/17 For Rent $1,500 0.0% --
06/20/2017 06/20/17 Rented $1,500 -16.7% --
10/14/2016 10/14/16 Rented $1,800 +33.3% --
09/27/2016 09/27/16 For Rent $1,350 0.0% --
09/27/2016 09/27/16 Rented $1,350 0.0% --
09/14/2016 09/14/16 Under Contract -- -- --
03/11/2016 03/11/16 Rented $1,350 -43.8% --
02/20/2016 02/20/16 For Rent $2,400 +71.4% --
02/10/2016 02/10/16 Under Contract -- -- --
02/01/2016 02/01/16 For Rent $1,400 -- --
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 $7,864 $1,095,200 $518,300 $576,900
2024 $9,003 $1,095,200 $518,300 $576,900
2023 $6,999 $705,500 $341,200 $364,300
2022 $6,780 $705,500 $341,200 $364,300
2021 $6,582 $705,500 $341,200 $364,300
2020 $6,219 $605,000 $362,700 $242,300
2019 $6,219 $605,000 $362,700 $242,300
2018 $6,044 $605,000 $362,700 $242,300
2017 $5,389 $480,700 $268,100 $212,600
2016 $5,254 $480,700 $268,100 $212,600
2015 $5,129 $480,700 $268,100 $212,600
2014 $5,021 $416,300 $209,600 $206,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1204738

State-Wide MLS

APN: NEWP-000016-000000-000163