$1,992,932
RENTED NOV 7, 2024

515 Thames St Newport, RI 02840

Historic Hill Neighborhood
3 Beds
3 Baths
1,764 Sq Ft
$1,130 Price per Sq Ft

About This Home

WINTER RENTAL: Sept 1 2025 - May 31 2026. Welcome to your fabulous downtown rental located in the heart of historic Newport, Rhode Island! This charming 3-bedroom, 3-bathroom apartment is the perfect base for your summer vacation in one of the most beautiful and historic cities in the US. This rental property features a spacious living room with comfortable seating and a flat-screen TV, perfect for relaxing after a long day exploring the city by the sea. The kitchen is fully equipped with stainless steel appliances as well as all the cookware and utensils you need. There is a dining area adjacent to the kitchen with a table and chairs. There is a generously sized bedroom on the main level, as well as a full bath with a tub/shower combo. Upstairs, there are two additional bedrooms with high ceilings and hardwood floors and plenty of closet and storage space for your belongings. Each of the upstairs bedrooms has an en suite bath complete with a glass-encased walk-in shower! This property is located in a historic building above a vibrant restaurant with a charming fa ade and is steps away from the bustling downtown Newport scene. Newport beaches are just a short drive (or bike ride) away. Heat, water, sewer and electricity are included in monthly rent!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
515 Thames Street Llc
Bought by
Thames 515 Llc
Current Estimated Value
$1,992,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,212,000
Outstanding Balance
$1,167,996
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$799,181

Purchase Details

Closed on
Nov 25, 1998
Sold by
Wass Assoc
Bought by
515 Thames Street

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.83%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Thames 515 Llc $1,585,000 None Available
515 Thames Street $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thames 515 Llc $1,212,000
Previous Owner 515 Thames Street Llc $241,524
Previous Owner 515 Thames Street $325,000
Previous Owner 515 Thames Street $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2024 11/07/24 Rented $3,600 0.0% --
10/31/2024 10/31/24 Under Contract -- -- --
09/25/2024 09/25/24 For Rent $3,600 +2.9% --
11/08/2023 11/08/23 Rented $3,500 0.0% --
11/06/2023 11/06/23 Under Contract -- -- --
10/23/2023 10/23/23 For Rent $3,500 +16.7% --
05/24/2023 05/24/23 Rented $3,000 0.0% --
05/24/2023 05/24/23 For Rent $3,000 -- --

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 -- $1,707,400 $386,000 $1,321,400
2023 $0 $631,600 $345,200 $286,400
2022 $0 $629,900 $345,200 $284,700
2021 $0 $629,900 $345,200 $284,700
2020 $0 $583,200 $357,400 $225,800
2019 $0 $583,200 $357,400 $225,800
2018 $0 $583,200 $357,400 $225,800
2017 $0 $538,000 $231,700 $306,300
2016 -- $538,000 $231,700 $306,300
2015 -- $538,000 $231,700 $306,300
2014 -- $502,200 $231,700 $270,500
Source: Public Records

Agents Affiliated with this Home

  • Rebecca King

    Seller's Agent in 2024

    Rebecca King

    Gustave White Sotheby's Realty

    (401) 808-9334

    4 in this area

    67 Total Sales

    Rebecca King
    Section Image

  • M

    Buyer's Agent in 2024

    Meghan Galvin

    RE/MAX Results

    (401) 835-2530

    Meghan Galvin
    Section Image

  • B

    Buyer's Agent in 2023

    Beverly Cloutier

    HomeSmart Professionals

    (401) 265-3703

    10 Total Sales

    Beverly Cloutier
    Section Image
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Map

Rhode Island Newport County Newport 02840 Historic Hill

515 Thames St, Newport, RI

Homes for Sale in Newport, RI

This home is located at 515 Thames St, Newport, RI 02840 and is currently estimated at $1,992,932, approximately $1,129 per square foot. 515 Thames St 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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