SOLD JUN 14, 2021
RENTED FEB 26, 2025
492 Thames St Unit 3 Newport, RI 02840
Historic Hill Neighborhood
2
Beds
1
Bath
810
Sq Ft
$180/mo
HOA Fee
Highlights
- Marina
- Golf Course Community
- Tennis Courts
- Water Views
- Wood Flooring
- Walking Distance to Water
About This Home
As of June 2021Beautifully renovated condo on desirable historic Thames Street. This classic two-bedroom, one bath second floor unit located in the Yachting Village offers an open floor plan with a custom designer kitchen featuring new stainless appliances, beautiful inset cabinetry, quartz countertops and hickory flooring throughout. Other features include a cozy breakfast bar, large quartz island in dining area and a stunning designer bathroom with an open shower and radiant heat flooring. Take in the amazing sunsets and views of beautiful Newport Harbor from the private balcony while overlooking the heart of downtown Thames Street, just steps from the best restaurants and shops on the island. Unit also includes private off-street assigned parking. Building was renovated in 2019. Condo fees are extremely low. Available June 12th or after. PLEASE SUBMIT OFFERS BY 6PM ON 3/21.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,843
Year Built
- Built in 1990
HOA Fees
- $180 Monthly HOA Fees
Home Design
- Brick Foundation
Interior Spaces
- 810 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Water Views
- Unfinished Basement
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Parking Space
- No Garage
- Driveway
- Assigned Parking
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Heat Pump System
- 200+ Amp Service
- Electric Water Heater
- Cable TV Available
Additional Features
- Walking Distance to Water
- Fenced
- Property near a hospital
Listing and Financial Details
- Tax Lot 193
- Assessor Parcel Number 492THAMESST3NEWP
Community Details
Overview
- 4 Units
- Lower Thames Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 16, 2021
Closed on
Jun 14, 2021
Sold by
Cloutier Kenneth L and Cloutier Beverly J
Bought by
Eaton Gary
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Paula Dickson-Rando
Jack Conway & Co Inc.
List Price
$480,000
Sold Price
$505,000
Premium/Discount to List
$25,000
5.21%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,404
Avg. Annual Appreciation
10.65%
Original Mortgage
$404,000
Outstanding Balance
$369,731
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$398,134
Purchase Details
Closed on
Oct 6, 2006
Sold by
Cloutier Kraig and Cloutier Michelle
Bought by
Cloutier Kenneth and Cloutier Beverly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2004
Sold by
Kenney 3Rd Raymond
Bought by
Cloutier Kraig
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2003
Sold by
Bartfield Alexander
Bought by
Kenney Raymond
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,960
Interest Rate
6.31%
Purchase Details
Closed on
Jun 24, 1992
Sold by
492 Thames Assoc Lp
Bought by
Damico Lauree T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8.57%
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $505,000 | None Available | |
| Deed | $300,000 | -- | |
| Deed | $251,000 | -- | |
| Deed | $247,500 | -- | |
| Warranty Deed | $80,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $404,000 | Purchase Money Mortgage | |
| Previous Owner | $75,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $240,000 | Purchase Money Mortgage | |
| Previous Owner | $195,000 | Purchase Money Mortgage | |
| Previous Owner | $197,960 | No Value Available | |
| Previous Owner | $55,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Rented | $3,600 | +2.9% | -- |
| 02/17/2025 02/17/25 | For Rent | $3,500 | -5.4% | -- |
| 03/01/2024 03/01/24 | Rented | $3,700 | +5.7% | -- |
| 01/11/2024 01/11/24 | For Rent | $3,500 | 0.0% | -- |
| 05/05/2023 05/05/23 | Rented | $3,500 | 0.0% | -- |
| 04/20/2023 04/20/23 | For Rent | $3,500 | -44.4% | -- |
| 04/01/2023 04/01/23 | Rented | $6,300 | +26.0% | -- |
| 03/02/2023 03/02/23 | Price Changed | $5,000 | -37.5% | $6 / Sq Ft |
| 09/29/2022 09/29/22 | For Rent | $8,000 | +100.0% | -- |
| 08/01/2022 08/01/22 | Rented | $4,000 | 0.0% | -- |
| 08/01/2022 08/01/22 | Price Changed | $4,000 | -33.3% | $5 / Sq Ft |
| 07/14/2022 07/14/22 | Price Changed | $6,000 | -14.3% | $7 / Sq Ft |
| 06/24/2022 06/24/22 | For Rent | $7,000 | +133.3% | -- |
| 05/06/2022 05/06/22 | Rented | $3,000 | 0.0% | -- |
| 03/01/2022 03/01/22 | For Rent | $3,000 | -4.0% | -- |
| 02/25/2022 02/25/22 | Rented | $3,125 | +4.2% | -- |
| 01/26/2022 01/26/22 | Under Contract | -- | -- | -- |
| 10/11/2021 10/11/21 | For Rent | $3,000 | 0.0% | -- |
| 10/01/2021 10/01/21 | Rented | $3,000 | 0.0% | -- |
| 09/01/2021 09/01/21 | Under Contract | -- | -- | -- |
| 08/26/2021 08/26/21 | For Rent | $3,000 | -77.8% | -- |
| 08/20/2021 08/20/21 | Rented | $13,500 | -97.3% | -- |
| 07/21/2021 07/21/21 | Under Contract | -- | -- | -- |
| 06/14/2021 06/14/21 | Sold | $505,000 | +5511.1% | $623 / Sq Ft |
| 05/15/2021 05/15/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Rent | $9,000 | 0.0% | -- |
| 03/16/2021 03/16/21 | For Sale | $480,000 | -- | $593 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $3,933 | $478,500 | $0 | $478,500 |
| 2023 | $3,187 | $321,300 | $0 | $321,300 |
| 2022 | $3,088 | $321,300 | $0 | $321,300 |
| 2021 | $2,998 | $321,300 | $0 | $321,300 |
| 2020 | $2,843 | $276,600 | $0 | $276,600 |
| 2019 | $2,843 | $276,600 | $0 | $276,600 |
| 2018 | $2,763 | $276,600 | $0 | $276,600 |
| 2017 | $3,101 | $276,600 | $0 | $276,600 |
| 2016 | $3,023 | $276,600 | $0 | $276,600 |
| 2015 | $2,951 | $276,600 | $0 | $276,600 |
| 2014 | $3,172 | $263,000 | $0 | $263,000 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2025
Beverly Cloutier
HomeSmart Professionals
(401) 265-3703
11 Total Sales
-
Seller's Agent in 2023
Chad Kritzas
HomeSmart Professionals
(401) 474-5669
6 in this area
219 Total Sales
-
M
Buyer's Agent in 2022
Melanie Fougere
Real Broker, LLC
(401) 662-0363
12 Total Sales
-
Buyer's Agent in 2021
Paula Dickson-Rando
Jack Conway & Co Inc.
(508) 404-6467
1 in this area
60 Total Sales
-
Buyer's Agent in 2021
Karen Dill
Homes By Connect
(401) 741-2541
26 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1277635
APN: NEWP-000032-000193-000003
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