NOT LISTED FOR SALE

485 Spring St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,253,000 - $1,414,331

4 Beds
3 Baths
1,963 Sq Ft
$692/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $960,000 $489 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,527/month

Highlights

  • Marina
  • Contemporary Architecture
  • Furnished
  • Golf Course Community
  • Wood Flooring
  • No HOA

About This Home

As of December 2023

Welcome to your spectacular Newport getaway! This urban yet tranquil home is located in the heart of Newport, steps away from all this charming city has to offer. A green building, this home was torn down to studs and rebuilt in 2009, achieving LEED certification. This unique attribute ensures energy efficiency while also providing a healthy environment for you and your family.

The living room, dining room, and kitchen occupy the first floor in an open-concept setting filled with natural light. Gorgeous modern white kitchen features up-to-date stainless-steel appliances, including gas cooking with a sleek overhead hood, as well as a peninsula that includes a breakfast bar. Fully furnished rental offers a main-floor ensuite bedroom with full bath and private balcony. A spacious mudroom opens to off-street parking ample enough for four vehicles.

The second floor delivers sprawling views of the Elms from the airy, vaulted-ceiling master ensuite. Hardwoods throughout lend a fresh flow to the space, which includes two additional bedrooms and third full bathroom. Central air conditioning and gas heating provide year-round comfort, and on-premises laundry facilities supply added convenience.

Last Agent to Rent the Property

Melanie Fougere

Real Broker, LLC License #RES.0045131 Listed on: 08/08/2023

Real Broker, LLC

Co-Listed By

The Preferred Group

Real Broker, LLC

Real Broker, LLC

Last Renter's Agent

The Preferred Group

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,917

Year Built

  • Built in 2009

Lot Details

  • 2,439

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Wood Siding
  • Clapboard

Interior Spaces

  • 1,963 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Flooring
  • Security System Owned
  • Unfinished Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Property Available on 9/2/24
  • Month-to-Month Lease Term
  • Assessor Parcel Number 485SPRINGSTNEWP

Community Details

Overview

  • No Home Owners Association
  • Yachting Village Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,917

Year Built

Built in 2009

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2024-09-02
  • Security Deposit: 4800.0

Listing Details

  • Prop. Type: Residential Lease
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 1963.0
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Location: First Floor Access
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 1963.0
  • Stories: 2

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Wood Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • 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), Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Laundry Facilities, Parking
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 485SPRINGSTNEWP
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jul 8, 2021
Sold by
Zap Erica
Bought by
Panozzo Catherine A
Seller's Agent
The Hadfield Group
Hogan Associates Christie's
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$959,000
Sold Price
$960,000
Premium/Discount to List
$1,000
0.1%
Current Estimated Value
$1,277,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,757
Avg. Annual Appreciation
8.48%
Original Mortgage
$768,000
Outstanding Balance
$696,841
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$661,242

Purchase Details

Listed on
Apr 10, 2015
Closed on
Sep 30, 2015
Sold by
Maradeale Llc
Bought by
Zap Erica
Seller's Agent
Libby Kirwin
Libby Kirwin Real Estate
Buyer's Agent
Matt Hadfield
Hogan Associates Christie's
List Price
$698,000
Sold Price
$680,000
Premium/Discount to List
-$18,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%

Purchase Details

Closed on
Jul 5, 2013
Sold by
Boudreau Derek R and Starr Tiffanie J
Bought by
Maradeale Llc

Purchase Details

Closed on
Apr 15, 2008
Sold by
Bove 3Rd Michael J and Kirwin Lizbeth J
Bought by
Boudreau Derek R and Starr Tiffanie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2000
Sold by
Champlin James R and Champlin Nancy
Bought by
Bove Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
7.73%
Mortgage Type
Purchase Money Mortgage
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
Panozzo Catherine A $960,000 None Available
Zap Erica $680,000 --
Maradeale Llc -- --
Boudreau Derek R $290,000 --
Bove Michael J $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panozzo Catherine A $768,000
Previous Owner Bove Michael J $215,000
Previous Owner Bove Michael J $231,202
Previous Owner Bove Michael J $123,400
Previous Owner Bove Michael J $118,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2023 12/08/23 Rented $4,800 0.0% --
12/06/2023 12/06/23 Under Contract -- -- --
08/08/2023 08/08/23 For Rent $4,800 +6.7% --
11/18/2022 11/18/22 Rented $4,500 0.0% --
10/17/2022 10/17/22 For Rent $4,500 +7.1% --
10/17/2022 10/17/22 Rented $4,200 0.0% --
10/07/2022 10/07/22 Under Contract -- -- --
09/23/2022 09/23/22 For Rent $4,200 0.0% --
07/08/2021 07/08/21 Sold $960,000 +0.1% $489 / Sq Ft View Prior Sale
06/08/2021 06/08/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $959,000 0.0% $489 / Sq Ft
08/09/2020 08/09/20 Rented $3,500 -7.9% --
07/10/2020 07/10/20 Under Contract -- -- --
04/25/2020 04/25/20 For Rent $3,800 0.0% --
09/30/2015 09/30/15 Sold $680,000 -2.6% $362 / Sq Ft View Prior Sale
08/31/2015 08/31/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $698,000 -- $372 / 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 $9,917 $1,141,300 $350,900 $790,400
2024 $9,381 $1,141,300 $350,900 $790,400
2023 $7,502 $756,300 $229,400 $526,900
2022 $7,268 $756,300 $229,400 $526,900
2021 $7,056 $756,300 $229,400 $526,900
2020 $6,765 $658,100 $218,000 $440,100
2019 $6,765 $658,100 $218,000 $440,100
2018 $6,574 $658,100 $218,000 $440,100
2017 $6,496 $579,500 $155,900 $423,600
2016 $6,334 $579,500 $155,900 $423,600
2015 $6,183 $579,500 $155,900 $423,600
2014 $5,346 $443,300 $132,500 $310,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2023

    Melanie Fougere

    Real Broker, LLC

    (401) 662-0363

    1 in this area

    12 Total Sales

    Melanie Fougere
    Section Image

  • T

    Landlord's Co-Listing Agent in 2023

    The Preferred Group

    Real Broker, LLC

    (401) 741-6931

    36 Total Sales

    The Preferred Group
    Section Image

  • M

    Buyer Co-Listing Agent in 2023

    Meghan Galvin

    Serhant Rhode Island

    (401) 835-2530

    1 Total Sale

    Meghan Galvin
    Section Image

  • B

    Buyer's Agent in 2022

    Beverly Cloutier

    HomeSmart Professionals

    (401) 265-3703

    12 Total Sales

    Beverly Cloutier
    Section Image

  • T

    Seller's Agent in 2021

    The Hadfield Group

    Hogan Associates Christie's

    (401) 207-0083

    4 in this area

    105 Total Sales

    The Hadfield Group
    Section Image
  • Teri Degnan

    Buyer's Agent in 2021

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    8 in this area

    139 Total Sales

    Teri Degnan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1341333

State-Wide MLS

APN: NEWP-000035-000000-000068

Rhode Island Newport County Newport 02840 Fifth Ward

485 Spring St, Newport, RI

This home is located at 485 Spring St, Newport, RI 02840 since 08 August 2023 and is currently priced at $1,358,083. This property was built in 2009. 485 Spring 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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