$540,000
SOLD JUN 29, 2018

5 Dean Ave Newport, RI 02840

Fifth Ward Neighborhood
4 Beds
2 Baths
2,212 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$244 Per Sq Ft

2% Above List Price

20 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Deck
  • Tennis Courts
  • Thermal Windows

About This Home

As of June 2018

Perfect investment opportunity! Located in downtown Newport in the Yachting Village. Rented for next winter but still available for summer rental, 1st flr rented for august, keep 1 unit for yourself! Great rental history. Owned by contractor/investor and was taken down to studs.Spray foam insulation thru-out, hardy plank siding, anderson windows, composite decks & trim. New electrical services & complete wiring thru-out. Oak hardwoods thru-out, new kitchens with granite counter tops. Enjoy your morning coffee on your own deck.

Last Agent to Sell the Property

Donna Prescott

New England Properties License #RES.0026572 Listed on: 05/09/2018

Last Buyer's Agent

William O'Hanley

BHHS Commonwealth Real Estate License #RES.0030868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1900

Lot Details

  • 1,307 Sq Ft Lot

Interior Spaces

  • 2,212 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 173
  • Assessor Parcel Number 5DEANAVNEWP

Community Details

Overview

  • 4 Units
  • Yachting Village Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,727

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.03
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 2212.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Other
  • Exterior Features: Deck, Paved Driveway
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer, Sewer Assessment(s)
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public, Water Assessment(s)

Condo/Co-op/Association

  • Community Features: Marina, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1307.0
  • Parcel #: 5DEANAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3727.0
  • Tax Lot: 173
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2019
Sold by
Lake Michael E and Lake Hale V
Bought by
5 Dean Avenue Llc
Current Estimated Value
$958,908

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 29, 2018
Sold by
Summer Wind Properties
Bought by
Lake Michael and Lake Hale
Seller's Agent
Donna Prescott
New England Properties
Buyer's Agent
William O'Hanley
BHHS Commonwealth Real Estate
List Price
$529,000
Sold Price
$540,000
Premium/Discount to List
$11,000
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$405,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2012
Closed on
Mar 6, 2012
Sold by
Gmac Mortgage Llc
Bought by
Summer Wind Props Of N
Seller's Agent
The Storm Team
Start Realty
Buyer's Agent
Donna Prescott
New England Properties
List Price
$205,000
Sold Price
$212,000
Premium/Discount to List
$7,000
3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.97%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Fitzpatrick Joseph E
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Feb 6, 2006
Sold by
Janson Julie F and Janson Joseph
Bought by
Fitzpatrick Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $540,000 --
Not Resolvable $212,000 --
Foreclosure Deed $234,000 --
Deed $395,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $403,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $405,000 New Conventional
Previous Owner $243,700 No Value Available
Previous Owner $49,500 No Value Available
Previous Owner $316,000 Purchase Money Mortgage
Previous Owner $178,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $540,000 +2.1% $244 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $529,000 +149.5% $239 / Sq Ft
03/08/2012 03/08/12 Sold $212,000 +3.4% $150 / Sq Ft
02/07/2012 02/07/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $205,000 -- $145 / 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
2024 $6,553 $797,200 $319,100 $478,100
2023 $5,093 $513,400 $208,600 $304,800
2022 $4,934 $513,400 $208,600 $304,800
2021 $4,790 $513,400 $208,600 $304,800
2020 $4,406 $428,600 $215,300 $213,300
2019 $4,406 $428,600 $215,300 $213,300
2018 $4,282 $428,600 $215,300 $213,300
2017 $3,824 $341,100 $154,100 $187,000
2016 $3,728 $341,100 $154,100 $187,000
2015 $3,640 $341,100 $154,100 $187,000
2014 $3,717 $308,200 $131,000 $177,200
Source: Public Records

Agents Affiliated with this Home

  • Donna Prescott

    Seller's Agent in 2018

    Donna Prescott

    New England Properties

    (401) 339-5000

    6 Total Sales

    Section Image

  • W

    Buyer's Agent in 2018

    William O'Hanley

    BHHS Commonwealth Real Estate

  • T

    Seller's Agent in 2012

    The Storm Team

    Start Realty

    (401) 952-8700

    71 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1191295

State-Wide MLS

APN: NEWP-000035-000000-000173

Rhode Island Newport County Newport 02840 Fifth Ward

5 Dean Ave, Newport, RI

This home is located at 5 Dean Ave, Newport, RI 02840 and is currently priced at $540,000, approximately $244 per square foot. This property was built in 1900. 5 Dean Ave 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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