NOT LISTED FOR SALE

494 Broadway Newport, RI 02840

5 Beds
3.5 Baths
3,499 Sq Ft
4,500 Sq Ft Lot Lot

Sale Details

Date Sold: July 15, 2021

Last sale price $710,000 $203 Per Sq Ft

46 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Bathtub with Shower
  • Wood Flooring
  • Window Unit Cooling System
  • 4-minute walk to Vernon Park

About This Home

As of July 2021

Fully renovated in 2019, this two family home offers options for an investor or owner occupant. The first unit is on two levels and features a welcoming entryway with an original staircase. The living and dining rooms are full of sunlight and flow from the entry to the kitchen. You'll love the high ceilings and beautiful hardwood floors. The kitchen is new with stainless appliances, classic subway tile backsplash, and exposed brick. Also on the first floor is a new half bath. On the second floor are three large and bright bedrooms and two full baths, one with laundry. The second unit has a private deck and entrance leading into a large entryway and it's own washer/dryer. Also renovated in 2019, this unit features an updated kitchen and bath and two spacious bedrooms. Plenty of off-street parking and a new heating system. Don't miss out on this opportunity to buy a turn-key multi-family.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 04/29/2021

RE/MAX Results

Last Buyer's Agent

Robert Swift

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,112

Year Built

  • Built in 1920

Lot Details

  • 4,500

Home Design

  • Brick Exterior Construction
  • Combination Foundation
  • Plaster

Interior Spaces

  • 3,499 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Wood Flooring

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Deck
  • 4,500 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 112
  • Assessor Parcel Number 494BROADWAYNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,112

Year Built

Built in 1920

Lot Details

4,500 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1033
  • Above Grade Finished Sq Ft: 3499.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Brick
  • Exterior Features: Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4500.0
  • Parcel #: 494BROADWAYNEWP
  • Zoning: Mixed
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5112.0
  • Tax Lot: 112
  • Tax Year: 2021
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2021 07/15/21 Sold $710,000 +2.2% $203 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $695,000 +41.1% $199 / Sq Ft
04/19/2019 04/19/19 Sold $492,500 -7.9% $197 / Sq Ft View Prior Sale
03/20/2019 03/20/19 Pending -- -- --
03/14/2018 03/14/18 For Sale $535,000 -- $214 / Sq Ft
Source: State-Wide MLS

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 $5,666 $789,100 $122,100 $667,000
2024 $5,500 $789,100 $122,100 $667,000
2023 $5,456 $550,000 $96,500 $453,500
2022 $0 $518,400 $96,500 $421,900
2021 $0 $518,400 $96,500 $421,900
2020 $0 $497,300 $154,000 $343,300
2019 $0 $497,300 $154,000 $343,300
2018 $0 $497,300 $154,000 $343,300
2017 $0 $424,000 $39,800 $384,200
2016 -- $424,000 $39,800 $384,200
2015 -- $424,000 $39,800 $384,200
2014 -- $317,700 $31,800 $285,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1281180

State-Wide MLS

APN: NEWP M:007 B:0112

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