NOT LISTED FOR SALE

523 Spring St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $939,000 - $1,251,000

3 Beds
2.5 Baths
1,974 Sq Ft
$560/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $650,000 $329 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,730/month

131 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 2 Fireplaces
  • Antique Architecture
  • Attic
  • Tennis Courts

About This Home

As of December 2021

John Carey Jr., Gardener's Cottage. Mystery surrounds this fabulous property that was once an adjunct to the Oakwood estate - an 1876 classic Queen Anne? Or a colonial structure with 1600's structural elements re-made to Queen Anne style by architects Sturgis & Brigham. Built on-site or moved to present location? In all ways, this cottage adds wonderfully to what makes Newport so special with its abundant architectural appeals and styles. House needs work and will be a superlative when complete. A pre-listing home inspection report is available for serious buyers.

Last Agent to Sell the Property

Chandler Lyell

Gustave White Sotheby's Realty License #REB.0015026 Listed on: 06/24/2021

Gustave White Sotheby's Realty

Last Buyer's Agent

Pawler Garrahan

Residential Properties Ltd. License #RES.0034215

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,325

Year Built

  • Built in 1876

Lot Details

  • 3,851 Sq Ft Lot
  • Property is zoned Res10

Parking

  • 1 Car Detached Garage

Home Design

  • Antique Architecture
  • Block Foundation
  • Stone Foundation
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 1,974 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Wood Flooring
  • Storm Windows
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Patio

Utilities

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

Listing and Financial Details

  • Tax Lot 227
  • Assessor Parcel Number 523SPRINGSTNEWP

Community Details

Overview

  • Narragansett Avenue Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,325

Year Built

Built in 1876

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0884
  • Subdivision Name: Narragansett Avenue
  • Above Grade Finished Sq Ft: 1974.0
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1876
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Living Area: 1974.0
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Other

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Clapboard, Shingle Siding
  • Exterior Features: Patio
  • Foundation Details: Block, Stone
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3851.0
  • Parcel #: 523SPRINGSTNEWP
  • Zoning: Res10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6325.0
  • Tax Lot: 227
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Dec 3, 2021
Sold by
Macomber Mark E and Macomber Francoise A
Bought by
Juliano James A and Juliano Nicole D
Seller's Agent
Chandler Lyell
Gustave White Sotheby's Realty
Buyer's Agent
Pawler Garrahan
Residential Properties Ltd.
List Price
$875,000
Sold Price
$650,000
Premium/Discount to List
-$225,000
-25.71%
Current Estimated Value
$1,106,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,402
Avg. Annual Appreciation
15.11%
Original Mortgage
$520,000
Outstanding Balance
$481,080
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$615,924
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
Juliano James A $650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juliano James A $520,000
Previous Owner Macomber Mark E $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $650,000 -25.7% $329 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $875,000 -- $443 / 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 $8,423 $1,024,700 $462,200 $562,500
2023 $6,725 $677,900 $304,200 $373,700
2022 $6,515 $677,900 $304,200 $373,700
2021 $6,325 $677,900 $304,200 $373,700
2020 $5,653 $549,900 $282,800 $267,100
2019 $5,653 $549,900 $282,800 $267,100
2018 $5,494 $549,900 $282,800 $267,100
2017 $5,217 $465,400 $217,500 $247,900
2016 $5,087 $465,400 $217,500 $247,900
2015 $4,966 $465,400 $217,500 $247,900
2014 $4,925 $408,400 $170,000 $238,400
Source: Public Records

Agents Affiliated with this Home

  • Chandler Lyell

    Seller's Agent in 2021

    Chandler Lyell

    Gustave White Sotheby's Realty

    (401) 935-6184

    1 in this area

    18 Total Sales

    Chandler Lyell
    Section Image
  • Pawler Garrahan

    Buyer's Agent in 2021

    Pawler Garrahan

    Residential Properties Ltd.

    (401) 783-7733

    1 in this area

    28 Total Sales

    Pawler Garrahan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1285758

State-Wide MLS

APN: NEWP-000035-000000-000227

Rhode Island Newport County Newport 02840 Fifth Ward

523 Spring St, Newport, RI

This home is located at 523 Spring St, Newport, RI 02840 since 24 June 2021 and is currently estimated at $1,106,402, approximately $560 per square foot. This property was built in 1876. 523 Spring St 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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