NOT LISTED FOR SALE

504 Broadway Unit 506 Newport, RI 02840

Estimated Value: $958,408 - $1,570,000

6 Beds
4 Baths
3,536 Sq Ft
$341/Sq Ft Est. Value

Last Sold June 07, 2017

Last sale price $475,000 $134 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $7,067/month

27 Days on Market

Highlights

  • 0.16 Acre Lot
  • 1 Fireplace
  • 4-minute walk to Vernon Park
  • Wood Flooring
  • Heating System Uses Steam

About This Home

As of June 2017

Sale of this property is contingent upon seller obtaining clear title. House is being sold As is.

Last Agent to Sell the Property

Frank Rubino

Blackstone Grp. Leasing & Mgmt License #REB.0018762 Listed on: 04/10/2017

Last Buyer's Agent

Chad Kritzas

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,370

Year Built

  • Built in 1920

Lot Details

  • 7,002 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Electric Water Heater

Community Details

  • 4 Units
  • Newport Subdivision

Listing and Financial Details

  • Tax Lot 559
  • Assessor Parcel Number 504BROADWAYSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,370

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Subdivision Name: NEWPORT
  • Above Grade Finished Sq Ft: 3536.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7002.0
  • Parcel #: 504BROADWAYSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4370.0
  • Tax Lot: 559
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2017
Sold by
Carlson-Ferguson Lauren
Bought by
L Carlson Ferguson Ret
Current Estimated Value
$1,205,602

Purchase Details

Closed on
Nov 1, 2017
Sold by
Carlson-Ferguson Lauren
Bought by
Carlson-Ferguson Lauren

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jun 7, 2017
Sold by
Ri Property Wire Llc
Bought by
Carlson-Ferguson Lauren
Seller's Agent
Frank Rubino
Blackstone Grp. Leasing & Mgmt
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$545,000
Sold Price
$475,000
Premium/Discount to List
-$70,000
-12.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jun 6, 2017
Sold by
Cotton Andrew
Bought by
Ri Property Wire Llc
Seller's Agent
Frank Rubino
Blackstone Grp. Leasing & Mgmt
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$545,000
Sold Price
$475,000
Premium/Discount to List
-$70,000
-12.84%

Purchase Details

Closed on
May 14, 1986
Bought by
Perkins Jane L
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
L Carlson Ferguson Ret -- --
Carlson-Ferguson Lauren -- --
Carlson-Ferguson Lauren $475,000 --
Ri Property Wire Llc -- --
Wells Fargo Bank Na $377,000 --
Perkins Jane L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L Carlson Ferguson Rt $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2017 06/07/17 Sold $475,000 -12.8% $134 / Sq Ft
05/08/2017 05/08/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $545,000 -- $154 / 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 $6,135 $880,200 $126,700 $753,500
2023 $5,697 $574,300 $100,100 $474,200
2022 $5,519 $574,300 $100,100 $474,200
2021 $5,358 $574,300 $100,100 $474,200
2020 $4,694 $456,600 $89,400 $367,200
2019 $4,694 $456,600 $89,400 $367,200
2018 $4,561 $456,600 $89,400 $367,200
2017 $4,063 $362,400 $40,500 $321,900
2016 $3,961 $362,400 $40,500 $321,900
2015 $3,867 $362,400 $40,500 $321,900
2014 $3,881 $321,800 $32,400 $289,400
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2017

    Frank Rubino

    Blackstone Grp. Leasing & Mgmt

    (508) 274-2527

    Frank Rubino
    Section Image
  • Chad Kritzas

    Buyer's Agent in 2017

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    8 in this area

    215 Total Sales

    Chad Kritzas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1156234

State-Wide MLS

APN: NEWP-000007-000000-000559

Rhode Island Newport County Newport 02840

504 Broadway Unit 506, Newport, RI

This home is located at 504 Broadway Unit 506, Newport, RI 02840 since 10 April 2017 and is currently estimated at $1,205,602, approximately $340 per square foot. This property was built in 1920. 504 Broadway Unit 506 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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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