Seller's Agent in 2021
Benjamin Modica
Revolv Real Estate
(401) 252-6001
1 in this area
9 Total Sales
5 Dresser St Newport, RI 02840
Memorial Boulevard NeighborhoodEstimated Value: $1,795,000 - $2,832,893
7
Beds
3.5
Baths
4,720
Sq Ft
$479/Sq Ft
Est. Value
Highlights
- Beach Access
- Laundry Room
- Forced Air Heating System
- Wood Flooring
- Storage Room
About This Home
As of October 2021Welcome to your future home! This incredible property is conveniently located just a half mile from the scenic Cliff Walk, is LESS THAN ONE MILE from First Beach and exactly one mile from THAMES STREET! This home is a short walk to some of Newport's most desirable locations and is any buyer's dream. In this safe and quiet neighborhood, you're close enough to the fun but far enough away from a slice of peace and tranquility. Truly the best of both worlds! This 3 unit, 7 bedroom, 3.5 bath property sits on a lot size that is double to most of the surrounding lots. It offers premium off-street parking with 6-8 spots, only for residents. PROPERTY IS BEING SOLD AS IS but has incredible potential. The first and second floors need updating and are completely vacant. The third floor was renovated within the last five years and is currently rented. Who doesn't want to buy a multi-family in Newport? Between the desirable location, the upgrade potential and beautiful neighborhood, this property could be worth millions. If you're looking for a diamond in the rough, then look no further.
Last Agent to Sell the Property
Revolv Real Estate License #RES.0043340 Listed on: 09/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,430
Year Built
- Built in 1917
Lot Details
- 10,692
Home Design
- Brick Exterior Construction
- Plaster
Interior Spaces
- 4,720 Sq Ft Home
- 3-Story Property
- Fireplace Features Masonry
- Storage Room
- Laundry Room
- Utility Room
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 8 Parking Spaces
- No Garage
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Oil
- 100 Amp Service
- Gas Water Heater
Additional Features
- Beach Access
- 10,692 Sq Ft Lot
Community Details
- 3 Units
- Operating Expense $3,000
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 012
- Assessor Parcel Number 5DRESSERSTNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 29, 2022
Sold by
Fleury Properties Llc
Bought by
Coll Andrew
Current Estimated Value
Purchase Details
Closed on
Jul 22, 2022
Sold by
Fleury Luke
Bought by
Fleury Properties Llc
Purchase Details
Listed on
Sep 1, 2021
Closed on
Sep 28, 2021
Sold by
Hallman Scott D
Bought by
Fleury Luke J
Seller's Agent
Benjamin Modica
Revolv Real Estate
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$1,075,000
Sold Price
$1,125,000
Premium/Discount to List
$50,000
4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%
Purchase Details
Closed on
Feb 19, 1998
Sold by
Gutman Dianne E
Bought by
Hallman Scott D
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Coll Andrew | $2,275,000 | None Available | |
| Coll Andrew | $2,275,000 | None Available | |
| Fleury Properties Llc | -- | Chicago Title | |
| Fleury Properties Llc | -- | Chicago Title | |
| Fleury Luke J | $1,125,000 | None Available | |
| Fleury Luke J | $1,125,000 | None Available | |
| Hallman Scott D | $120,000 | -- | |
| Hallman Scott D | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hallman Scott D | $345,000 | |
| Previous Owner | Hallman Scott D | $392,000 | |
| Previous Owner | Hallman Scott D | $310,000 | |
| Previous Owner | Hallman Scott D | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2021 10/12/21 | Sold | $1,125,000 | +4.7% | $238 / Sq Ft |
| 09/12/2021 09/12/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $1,075,000 | 0.0% | $228 / Sq Ft |
| 04/18/2019 04/18/19 | For Rent | $1,500 | 0.0% | -- |
| 04/18/2019 04/18/19 | Rented | $1,500 | +25.0% | -- |
| 02/27/2016 02/27/16 | Rented | $1,200 | 0.0% | -- |
| 01/28/2016 01/28/16 | Under Contract | -- | -- | -- |
| 01/06/2016 01/06/16 | For Rent | $1,200 | +9.1% | -- |
| 05/13/2014 05/13/14 | For Rent | $1,100 | 0.0% | -- |
| 05/13/2014 05/13/14 | Rented | $1,100 | -15.4% | -- |
| 03/26/2014 03/26/14 | For Rent | $1,300 | +4.0% | -- |
| 03/26/2014 03/26/14 | Rented | $1,250 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $11,006 | $1,532,800 | $761,900 | $770,900 |
| 2024 | $12,600 | $1,532,800 | $761,900 | $770,900 |
| 2023 | $9,813 | $989,200 | $441,900 | $547,300 |
| 2022 | $8,532 | $887,800 | $441,900 | $445,900 |
| 2021 | $7,430 | $796,400 | $441,900 | $354,500 |
| 2020 | $7,825 | $761,200 | $435,400 | $325,800 |
| 2019 | $7,825 | $761,200 | $435,400 | $325,800 |
| 2018 | $7,604 | $761,200 | $435,400 | $325,800 |
| 2017 | $6,540 | $583,400 | $270,100 | $313,300 |
| 2016 | $6,377 | $583,400 | $270,100 | $313,300 |
| 2015 | $6,225 | $583,400 | $270,100 | $313,300 |
| 2014 | $5,429 | $450,200 | $221,000 | $229,200 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Modica
-
Alex Fraioli
Buyer's Agent in 2021
Alex Fraioli
Edge Realty RI
(401) 255-9109
2 in this area
134 Total Sales
-
Michael Brennan
Seller's Agent in 2019
Michael Brennan
Keller Williams Coastal
(401) 632-1742
33 Total Sales
-
Karen Dill
Buyer's Agent in 2019
Karen Dill
Homes By Connect
(401) 741-2541
26 Total Sales
-
K
Buyer's Agent in 2014
Kyle Luderer
Keller Williams Coastal
-
Rebecca King
Buyer's Agent in 2014
Rebecca King
Gustave White Sotheby's Realty
(401) 808-9334
2 in this area
64 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1292395
APN: NEWP-000031-000000-000012
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