494 Thames St Newport, RI 02840
Historic Hill Neighborhood
2
Beds
2
Baths
1,072
Sq Ft
819
Sq Ft Lot
Highlights
- Marina
- Wood Flooring
- Walking Distance to Water
- Water Views
- Tennis Courts
- Thermal Windows
About This Home
As of April 2025Rare opportunity to own a unique single-family home in the heart of Newport and the Limited Business zone. Located right on Thames Street across from Waites Wharf and O'Brien's Pub, enjoy the luxury of walking out your front doorstep and being surrounded by popular restaurants, shops, nightlife, and the Newport waterfront. This solid, masonry-built home provides three levels of living and a third-floor balcony with views of the Newport harbor or great visibility up and down all the action on lower Thames. The interior offers two recently renovated full baths, Anderson windows throughout, a full basement, gas heat, a modern kitchen that opens up to a secluded courtyard, and recently installed hardwood floors on the third floor. This is a great opportunity to own one of only a few single-family homes on Thames Street and enjoy this prime in-town location! Off-street parking options are available nearby.
Last Agent to Sell the Property
Edge Realty RI License #RES.0040245 Listed on: 09/17/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,279
Year Built
- Built in 1930
Lot Details
- 819 Sq Ft Lot
- Fenced
- Property is zoned LB
Parking
- No Garage
Home Design
- Shingle Siding
- Concrete Perimeter Foundation
- Masonry
- Plaster
Interior Spaces
- 1,072 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Utility Room
- Wood Flooring
- Water Views
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Walking Distance to Water
Utilities
- Window Unit Cooling System
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Electric Water Heater
Listing and Financial Details
- Tax Lot 32
- Assessor Parcel Number 494THAMESSTNEWP
Community Details
Overview
- Lower Thames Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Marina
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2024
Closed on
Apr 18, 2025
Sold by
Novak Todd
Bought by
Princeton Investments Llc
Seller's Agent
Robert Swift
Edge Realty RI
Buyer's Agent
Kyle Costa
Bay Shores Real Estate
List Price
$925,000
Sold Price
$865,000
Premium/Discount to List
-$60,000
-6.49%
Views
350
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
$3,455
Avg. Annual Appreciation
1.11%
Original Mortgage
$351,000
Outstanding Balance
$350,070
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$518,385
Purchase Details
Listed on
Jun 8, 2022
Closed on
Sep 28, 2022
Sold by
Yang Yuwei and Yang Wenquin
Bought by
Novak Todd
Seller's Agent
Robert Swift
Edge Realty RI
Buyer's Agent
Robert Swift
List Price
$879,000
Sold Price
$800,000
Premium/Discount to List
-$79,000
-8.99%
Views
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$640,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 2, 2018
Closed on
Jan 4, 2019
Sold by
Hofstetter A M and Hofstetter Nicole V
Bought by
Yang Tuwei and Yang Wenquin
Seller's Agent
Nicole Hofstetter
RI Real Estate Services
Buyer's Agent
William O'Hanley
BHHS Commonwealth Real Estate
List Price
$619,900
Sold Price
$529,000
Premium/Discount to List
-$90,900
-14.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$396,750
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 3, 2016
Closed on
Oct 26, 2016
Sold by
Melfa Karen C
Bought by
Hofstetter 3Rd A M and Hofstetter Nicole V
Seller's Agent
The Hadfield Group
Hogan Associates Christie's
Buyer's Agent
Nicole Hofstetter
RI Real Estate Services
List Price
$445,000
Sold Price
$440,000
Premium/Discount to List
-$5,000
-1.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$352,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 30, 2010
Sold by
Ruhfel David and Ruhfel Sandra
Bought by
Melfa Victor and Melfa Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Warranty Deed | $865,000 | None Available | |
| Warranty Deed | $865,000 | None Available | |
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $529,000 | -- | |
| Warranty Deed | $529,000 | -- | |
| Deed | $440,000 | -- | |
| Deed | $440,000 | -- | |
| Deed | $275,000 | -- | |
| Deed | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $351,000 | Purchase Money Mortgage | |
| Closed | $351,000 | Purchase Money Mortgage | |
| Previous Owner | $640,000 | Purchase Money Mortgage | |
| Previous Owner | $396,750 | Purchase Money Mortgage | |
| Previous Owner | $352,000 | Purchase Money Mortgage | |
| Previous Owner | $218,000 | No Value Available | |
| Previous Owner | $220,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | Sold | $865,000 | -1.6% | $807 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 02/19/2025 02/19/25 | Price Changed | $879,000 | -2.2% | $820 / Sq Ft |
| 11/05/2024 11/05/24 | Price Changed | $899,000 | -2.8% | $839 / Sq Ft |
| 09/17/2024 09/17/24 | For Sale | $925,000 | +15.6% | $863 / Sq Ft |
| 09/30/2022 09/30/22 | Sold | $800,000 | -4.2% | $746 / Sq Ft |
| 09/17/2022 09/17/22 | Pending | -- | -- | -- |
| 08/10/2022 08/10/22 | Price Changed | $835,000 | -3.9% | $779 / Sq Ft |
| 06/30/2022 06/30/22 | Price Changed | $869,000 | -1.1% | $811 / Sq Ft |
| 06/08/2022 06/08/22 | For Sale | $879,000 | +66.2% | $820 / Sq Ft |
| 01/15/2019 01/15/19 | Sold | $529,000 | -14.7% | $493 / Sq Ft |
| 12/16/2018 12/16/18 | Pending | -- | -- | -- |
| 04/02/2018 04/02/18 | For Sale | $619,900 | +40.9% | $578 / Sq Ft |
| 10/27/2016 10/27/16 | Sold | $440,000 | -1.1% | $410 / Sq Ft |
| 09/27/2016 09/27/16 | Pending | -- | -- | -- |
| 08/03/2016 08/03/16 | For Sale | $445,000 | -- | $415 / 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 | $6,222 | $756,900 | $300,500 | $456,400 |
| 2023 | $4,965 | $500,500 | $196,400 | $304,100 |
| 2022 | $4,816 | $501,100 | $196,400 | $304,700 |
| 2021 | $4,675 | $501,100 | $196,400 | $304,700 |
| 2020 | $2,773 | $269,700 | $109,500 | $160,200 |
| 2019 | $2,773 | $269,700 | $109,500 | $160,200 |
| 2018 | $2,694 | $269,700 | $109,500 | $160,200 |
| 2017 | $2,805 | $250,200 | $125,800 | $124,400 |
| 2016 | $2,735 | $250,200 | $125,800 | $124,400 |
| 2015 | $2,670 | $250,200 | $125,800 | $124,400 |
| 2014 | $2,752 | $228,200 | $106,900 | $121,300 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Swift
Seller's Agent in 2025
Robert Swift
Edge Realty RI
(401) 644-9016
2 in this area
37 Total Sales
-
Kyle Costa
Buyer's Agent in 2025
Kyle Costa
Bay Shores Real Estate
(508) 287-6588
4 in this area
50 Total Sales
-
Nicole Hofstetter
Seller's Agent in 2019
Nicole Hofstetter
RI Real Estate Services
(401) 286-5626
47 Total Sales
-
W
Buyer's Agent in 2019
William O'Hanley
BHHS Commonwealth Real Estate
-
The Hadfield Group
T
Seller's Agent in 2016
The Hadfield Group
Hogan Associates Christie's
(401) 207-0083
6 in this area
108 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1368786
APN: NEWP-000032-000000-000305
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