C
Seller's Agent in 2024
Carolyn Morabit
Edge Realty RI
(401) 280-0331
2 in this area
3 Total Sales
512 Broadway Newport, RI 02840
Estimated Value: $766,000 - $1,042,000
3
Beds
2
Baths
2,114
Sq Ft
$456/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Tennis Courts
- Bathtub with Shower
- Attic
- 1 Car Detached Garage
- 4-minute walk to Vernon Park
About This Home
As of September 2024Completely renovated two unit multifamily less than a mile from all that Newport has to offer. Right on Broadway with easy access to beaches, restaurants and nightlife without all the noise of the downtown area. Refinished original 1925 picture frame hardwood floors and Victorian accents throughout. Unit 1 offers 1-2 bedrooms (one is currently being used as an office), a beautiful updated bathroom, functioning original fireplace, and an additional 1033 sf of unfinished basement space that has framing for 2 potential additional rooms as well as rough plumbing for an additional bathroom. Unit 2 offers 2 spacious bedrooms, a brand new bathroom and kitchen, and an additional 882 sf of unfinished attic space for a potential master suite. Property also includes a detached 2 car garage with rough framing, plumbing and electric, a driveway for 5-6 cars, and a 3 floor commercial grade sprinkler and fire alarm system. Can easily be converted back to a single family. This luxury multifamily is a fantastic opportunity for a beautiful move-in ready property with endless potential.
Last Agent to Sell the Property
Edge Realty RI License #RES.0048340 Listed on: 05/29/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,057
Year Built
- Built in 1925
Lot Details
- 5,060
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Vinyl Siding
Interior Spaces
- 2,114 Sq Ft Home
- 3-Story Property
- Marble Fireplace
- Permanent Attic Stairs
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- 200+ Amp Service
- Oil Water Heater
Additional Features
- 5,060 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 300
- Assessor Parcel Number 512BROADWAYNEWP
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2024
Closed on
Sep 16, 2024
Sold by
Morabit Carolyn
Bought by
Kennedy Colin K and Kennedy Amanda J
Seller's Agent
Carolyn Morabit
Edge Realty RI
Buyer's Agent
Christine Farley
Century 21 Topsail Realty
List Price
$950,000
Sold Price
$905,000
Premium/Discount to List
-$45,000
-4.74%
Views
61
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
$59,200
Avg. Annual Appreciation
5.38%
Original Mortgage
$924,457
Outstanding Balance
$912,853
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$51,347
Purchase Details
Listed on
Jun 22, 2023
Closed on
Jul 28, 2023
Sold by
Child And Family Services
Bought by
Morabit Carolyn
Seller's Agent
Kimberly Fleming
Gustave White Sotheby's Realty
Buyer's Agent
Carolyn Morabit
Edge Realty RI
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%
Views
215
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.36%
Original Mortgage
$593,750
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Kennedy Colin K | $905,000 | None Available | |
| Kennedy Colin K | $905,000 | None Available | |
| Morabit Carolyn | $625,000 | None Available | |
| Morabit Carolyn | $625,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kennedy Colin K | $924,457 | |
| Closed | Kennedy Colin K | $924,457 | |
| Previous Owner | Morabit Carolyn | $593,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $905,000 | -4.7% | $428 / Sq Ft | |
| 05/29/2024 05/29/24 | For Sale | $950,000 | +52.0% | $449 / Sq Ft | |
| 07/28/2023 07/28/23 | Sold | $625,000 | -10.6% | $304 / Sq Ft | View Prior Sale |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- | |
| 06/22/2023 06/22/23 | For Sale | $699,000 | -- | $340 / 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 |
|---|---|---|---|---|
| 2025 | $6,244 | $869,600 | $125,300 | $744,300 |
| 2024 | $4,552 | $553,800 | $125,300 | $428,500 |
| 2023 | $0 | $409,400 | $99,000 | $310,400 |
| 2022 | $0 | $409,400 | $99,000 | $310,400 |
| 2021 | $0 | $409,400 | $99,000 | $310,400 |
| 2020 | $0 | $365,800 | $88,600 | $277,200 |
| 2019 | $0 | $365,800 | $88,600 | $277,200 |
| 2018 | $0 | $365,800 | $88,600 | $277,200 |
| 2017 | $0 | $296,600 | $40,100 | $256,500 |
| 2016 | -- | $296,600 | $40,100 | $256,500 |
| 2015 | -- | $296,600 | $40,100 | $256,500 |
| 2014 | -- | $303,000 | $32,100 | $270,900 |
Source: Public Records
Agents Affiliated with this Home
-
Carolyn Morabit
-
Alex Fraioli
Seller Co-Listing Agent in 2024
Alex Fraioli
Edge Realty RI
(401) 255-9109
24 in this area
134 Total Sales
-
Christine Farley
Buyer's Agent in 2024
Christine Farley
Century 21 Topsail Realty
(401) 465-4456
1 in this area
25 Total Sales
-
Kimberly Fleming
Seller's Agent in 2023
Kimberly Fleming
Gustave White Sotheby's Realty
(401) 935-9075
9 in this area
49 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1359770
APN: NEWP-000007-000000-000300
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