NOT LISTED FOR SALE

514 Broadway Newport, RI 02840

Estimated Value: $754,000 - $1,431,000

4 Beds
2 Baths
2,200 Sq Ft
$451/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $310,000 $141 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $5,555/month

97 Days on Market

Highlights

  • Wood Flooring
  • Tennis Courts
  • Porch
  • Corner Lot
  • 3 Car Detached Garage
  • 5-minute walk to Vernon Park

About This Home

As of September 2013

IDEAL APT. HOUSE WITH SEPARATE UTILITIES, WASHER DRYER FACILITIES, HARDWOOD FLOORS AND A 3 CAR GARAGE. APT. HAS REPLACEMENT WINDOWS THROUGHOUT, SITUATED ON CORNER LOT, EASY ACCESS TO MAJOR ROADS.

Last Agent to Sell the Property

FRANCIS OLIVEIRA

RE/MAX Profnl. Newport, Inc. License #REB.0005816 Listed on: 05/08/2013

Last Buyer's Agent

Muhammad Mushtaq

Weichert, Realtors - Sba Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,681

Year Built

  • Built in 1920

Lot Details

  • 5,229 Sq Ft Lot
  • Corner Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 228
  • Assessor Parcel Number 514BROADWAYSTNEWP

Community Details

Overview

  • 2 Units
  • One Mile Corner Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,681

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: ONE MILE CORNER
  • Above Grade Finished Sq Ft: 2200.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Cable TV
  • Living Area: 2200.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5229.0
  • Parcel #: 514BROADWAYSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2681.0
  • Tax Lot: 228
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2013
Closed on
Sep 13, 2013
Sold by
Procaccini David A and Procaccini Phyllis D
Bought by
Adal Berhane
Seller's Agent
FRANCIS OLIVEIRA
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Muhammad Mushtaq
Weichert, Realtors - Sba Group
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Current Estimated Value
$991,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$681,310
Avg. Annual Appreciation
11.30%
Original Mortgage
$248,000
Outstanding Balance
$52,903
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$1,064,976
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
Adal Berhane $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adal Berhane $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2013 09/13/13 Sold $310,000 -6.1% $141 / Sq Ft
08/14/2013 08/14/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $330,000 -- $150 / 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 $1,963 $238,800 $126,000 $112,800
2023 $5,177 $521,900 $99,600 $422,300
2022 $2,441 $254,000 $99,600 $154,400
2021 $2,370 $254,000 $99,600 $154,400
2020 $2,293 $223,100 $89,000 $134,100
2019 $2,293 $223,100 $89,000 $134,100
2018 $3,133 $313,600 $89,000 $224,600
2017 $2,996 $267,300 $40,300 $227,000
2016 $2,922 $267,300 $40,300 $227,000
2015 $2,852 $267,300 $40,300 $227,000
2014 $2,846 $236,000 $32,200 $203,800
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2013

    FRANCIS OLIVEIRA

    RE/MAX Profnl. Newport, Inc.

    (401) 848-6755

    6 in this area

    23 Total Sales

    FRANCIS OLIVEIRA
    Section Image

  • M

    Buyer's Agent in 2013

    Muhammad Mushtaq

    Weichert, Realtors - Sba Group

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1040555

State-Wide MLS

APN: NEWP-000007-000000-000228

Rhode Island Newport County Newport 02840

514 Broadway, Newport, RI

This home is located at 514 Broadway, Newport, RI 02840 since 08 May 2013 and is currently estimated at $991,310, approximately $450 per square foot. This property was built in 1920. 514 Broadway 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.

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