525 Spring St Newport, RI 02840
Fifth Ward Neighborhood
6
Beds
4
Baths
4,550
Sq Ft
4,792
Sq Ft Lot
Highlights
- Marina
- Golf Course Community
- Antique Architecture
- Water Views
- Water Access
- Wood Flooring
About This Home
As of June 2024This home is truly inspiring. Built in 1890 and tastefully updated recently. With a very flexible floorplan boasting up to 6 bedrooms and a potential au-pair/in-law suite in the lower level. The JP Parsonage House sits on the corner of Spring and Narragansett within walking distance to the beach, docks, famous cliff walk, and all the shops, attractions and restaurants on Bellevue and Thames Street. The Queen Ann Style boasts an enclosed wrap around porch that connects to a grand entry way showcasing a beautiful oak staircase, high ceiling, and period detail. There are bedrooms and baths on all three floors, an updated kitchen with Viking Appliances, a formal dining room, den/library with detail work and built ins. (TWO FABULOUS FIREPLACES!) The double owner's suite includes 2 room sized walk-in closets, dramatic travertine master bath with very large shower. Every room is soaked with light! The new driveway has a shed under construction. Two driveway entrances and plenty of off-street parking. Updates include 200-amp electric, modern high efficiency gas on demand heat and hot water, and newer plumbing and windows throughout. Two laundry rooms make for amazing convenience. The crown jewel is the roof top deck that offers a Birdseye view of downtown Newport, Newport Harbor, the Bridges, Ft. Adams, Jamestown, and beyond!
Last Agent to Sell the Property
BHHS Commonwealth Real Estate License #REB.0015256 Listed on: 03/20/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,381
Year Built
- Built in 1890
Lot Details
- 4,792 Sq Ft Lot
- Corner Lot
- Property is zoned R10
Parking
- 1 Car Garage
- No Garage
- Driveway
Home Design
- Antique Architecture
- Victorian Architecture
- Stone Foundation
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4-Story Property
- 2 Fireplaces
- Fireplace Features Masonry
- Game Room
- Storage Room
- Laundry Room
- Wood Flooring
- Water Views
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Water Access
- Walking Distance to Water
- Porch
Location
- Property near a hospital
Utilities
- Ductless Heating Or Cooling System
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 222
- Assessor Parcel Number 525SPRINGSTNEWP
Community Details
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2024
Closed on
Jun 27, 2024
Sold by
Depetrillo Thomas L
Bought by
Malcolm Steve and Hartley Denise
Seller's Agent
Allen Gammons
BHHS Commonwealth Real Estate
Buyer's Agent
Gordon King
Hogan Associates Christie's
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%
Total Days on Market
48
Views
80
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
$29,693
Avg. Annual Appreciation
1.96%
Original Mortgage
$1,519,281
Outstanding Balance
$1,507,852
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$171,841
Purchase Details
Listed on
Jul 9, 2021
Closed on
Nov 11, 2021
Sold by
525 Spring Street Llc
Bought by
Depetrillo Thomas L
Seller's Agent
James Kaull
Gustave White Sotheby's Realty
Buyer's Agent
James Kaull
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$990,000
Interest Rate
2.98%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Jul 9, 2021
Closed on
Oct 1, 2021
Sold by
Kurja Cynthia A and Michalak John
Bought by
525 Spring Street Llc
Seller's Agent
James Kaull
Gustave White Sotheby's Realty
Buyer's Agent
James Kaull
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Mar 25, 2021
Closed on
May 28, 2021
Sold by
Renshaw Kerri L and Sheehan Jason
Bought by
Kurja Cynthia A and Michalak John
Seller's Agent
Kate Teixeira
Coldwell Banker Realty
Buyer's Agent
Michelle Drum
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,155,000
Premium/Discount to List
-$40,000
-3.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.55%
Purchase Details
Closed on
Mar 18, 2021
Sold by
Davitt Properties Inc
Bought by
Renshaw Kerri
Purchase Details
Closed on
Aug 17, 2012
Sold by
Renshaw Kerri L
Bought by
Renshaw Kerri L and Sheehan Jason
Purchase Details
Closed on
Mar 8, 2010
Sold by
Hilvin Llc
Bought by
Renshaw Kerri L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,226
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Newport, RI
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,650,000 | None Available | |
| Warranty Deed | $1,650,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $1,075,000 | None Available | |
| Warranty Deed | $1,075,000 | None Available | |
| Warranty Deed | $1,155,000 | None Available | |
| Warranty Deed | $1,155,000 | None Available | |
| Warranty Deed | $827,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $381,000 | -- | |
| Deed | $381,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,519,281 | Purchase Money Mortgage | |
| Closed | $1,519,281 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $990,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $600,000 | Purchase Money Mortgage | |
| Previous Owner | $356,226 | Purchase Money Mortgage | |
| Previous Owner | $132,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $1,650,000 | -5.7% | $363 / Sq Ft |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | Price Changed | $1,749,900 | -2.8% | $385 / Sq Ft |
| 03/20/2024 03/20/24 | For Sale | $1,800,000 | +67.4% | $396 / Sq Ft |
| 10/01/2021 10/01/21 | Sold | $1,075,000 | -10.0% | $255 / Sq Ft |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 07/09/2021 07/09/21 | For Sale | $1,195,000 | +3.5% | $283 / Sq Ft |
| 06/01/2021 06/01/21 | Sold | $1,155,000 | -3.3% | $366 / Sq Ft |
| 05/02/2021 05/02/21 | Pending | -- | -- | -- |
| 03/25/2021 03/25/21 | For Sale | $1,195,000 | -- | $379 / 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 |
|---|---|---|---|---|
| 2024 | $10,877 | $1,323,200 | $480,800 | $842,400 |
| 2023 | $8,381 | $844,900 | $316,500 | $528,400 |
| 2022 | $8,119 | $844,900 | $316,500 | $528,400 |
| 2021 | $7,883 | $844,900 | $316,500 | $528,400 |
| 2020 | $6,549 | $637,100 | $285,100 | $352,000 |
| 2019 | $6,549 | $637,100 | $285,100 | $352,000 |
| 2018 | $6,365 | $637,100 | $285,100 | $352,000 |
| 2017 | $6,340 | $565,600 | $219,300 | $346,300 |
| 2016 | $6,182 | $565,600 | $219,300 | $346,300 |
| 2015 | $6,035 | $565,600 | $219,300 | $346,300 |
| 2014 | $6,095 | $505,400 | $171,400 | $334,000 |
Source: Public Records
Agents Affiliated with this Home
-
Allen Gammons
Seller's Agent in 2024
Allen Gammons
BHHS Commonwealth Real Estate
(401) 742-6050
2 in this area
462 Total Sales
-
Gordon King
Buyer's Agent in 2024
Gordon King
Hogan Associates Christie's
(401) 924-1774
5 in this area
47 Total Sales
-
Kate Teixeira
Seller's Agent in 2021
Kate Teixeira
Coldwell Banker Realty
(401) 410-3955
3 in this area
54 Total Sales
-
J
Seller's Agent in 2021
James Kaull
Gustave White Sotheby's Realty
(202) 368-0010
-
Michelle Drum
Buyer's Agent in 2021
Michelle Drum
Gustave White Sotheby's Realty
(401) 265-3423
3 in this area
67 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1355072
APN: NEWP-000035-000000-000222
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