Seller's Agent in 2022
Michelle Drum
Gustave White Sotheby's Realty
(401) 265-3423
7 in this area
70 Total Sales
53 Farewell St Newport, RI 02840
Estimated Value: $1,406,000 - $1,613,930
4
Beds
2.5
Baths
2,133
Sq Ft
$703/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- 5 Fireplaces
- Bathtub with Shower
- Wood Flooring
- Workshop
- 5-minute walk to Cardines Field
About This Home
As of April 2022Butterfly Tavern has that special feel reflective of its name. Built in 1705!, moved twice to save it from demolition, has allowed this charming significant gambrel colonial to be enjoyed for future generations here on this lovely spot on the corner of Farewell Street and Appleby Street. The dramatic eggplant colored beaded clapboards, the sky blue front door with its bullseye glass insert, stone steps, groomed boxwood bushes are balanced by the lovely garden that one steps into from the side gate. The two side by side parking spots with Belgium block stones are surrounded by a wooden fence and the gate leads to a magical garden that includes a brick patio, terraced garden, outside shower, garden shed, and raised beds for flowers and herbs thereby creating three visual outdoor rooms adding definition and spatial interest. The on-demand gas hot water heating system, the central air conditioning on the first floor, the leathered marble countertops in the kitchen, the first floor spa like bathroom with radiant heated floors are some of the sensitively installed modern amenities. The full sized basement is perfect for storage or could be finished for living space. Also on the first floor one finds a family keeping room, dining room and living room each with a functioning wood burning fireplace and a bath. On the second floor are three more bedrooms 2 with fireplaces. Gorgeous floors throughout. Ready to explore what Newport has to offer, just stroll down the street.
Last Agent to Sell the Property
Gustave White Sotheby's Realty License #REB.0013061 Listed on: 02/07/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,191
Year Built
- Built in 1705
Lot Details
- 4,342 Sq Ft Lot
- Property is zoned R10
Home Design
- Colonial Architecture
- Concrete Perimeter Foundation
- Clapboard
- Plaster
Interior Spaces
- 2,133 Sq Ft Home
- 2-Story Property
- 5 Fireplaces
- Stone Fireplace
- Workshop
- Storage Room
- Utility Room
- Wood Flooring
Kitchen
- Oven
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
Utilities
- Central Air
- Heating System Uses Gas
- Radiant Heating System
- Heating System Uses Steam
- 200+ Amp Service
- Gas Water Heater
Community Details
- Farewell Street Subdivision
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 53FAREWELLSTNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 15, 2023
Sold by
Schutte George S
Bought by
Leslie A Godfrey-Schutte A and Leslie Godfrey-Schutte
Current Estimated Value
Purchase Details
Listed on
Feb 7, 2022
Closed on
Apr 1, 2022
Sold by
Munich Richard L
Bought by
Schutte George S
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Kate Rooney
Gustave White Sotheby's Realty
List Price
$1,200,000
Sold Price
$1,200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$800,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 21, 2002
Sold by
Deines Mercedes
Bought by
Munich Adrienne and Munich Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 25, 1993
Sold by
Fisher Bruce
Bought by
Deines Mercedes
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 |
|---|---|---|---|
| Leslie A Godfrey-Schutte A | -- | None Available | |
| Schutte George S | $1,200,000 | None Available | |
| Munich Adrienne | $560,000 | -- | |
| Deines Mercedes | $162,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Schutte George S | $800,000 | |
| Previous Owner | Munich Richard L | $500,000 | |
| Previous Owner | Deines Mercedes | $292,500 | |
| Previous Owner | Deines Mercedes | $311,719 | |
| Previous Owner | Deines Mercedes | $319,000 | |
| Previous Owner | Deines Mercedes | $337,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $1,200,000 | 0.0% | $563 / Sq Ft |
| 03/02/2022 03/02/22 | Pending | -- | -- | -- |
| 02/07/2022 02/07/22 | For Sale | $1,200,000 | -- | $563 / 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 | $9,554 | $1,162,300 | $349,100 | $813,200 |
| 2023 | $6,651 | $670,500 | $191,500 | $479,000 |
| 2022 | $6,377 | $663,600 | $191,500 | $472,100 |
| 2021 | $6,191 | $663,600 | $191,500 | $472,100 |
| 2020 | $5,234 | $509,100 | $175,700 | $333,400 |
| 2019 | $5,234 | $509,100 | $175,700 | $333,400 |
| 2018 | $4,964 | $496,900 | $175,700 | $321,200 |
| 2017 | $4,578 | $408,400 | $99,300 | $309,100 |
| 2016 | $4,464 | $408,400 | $99,300 | $309,100 |
| 2015 | $4,358 | $408,400 | $99,300 | $309,100 |
| 2014 | $4,693 | $389,100 | $99,300 | $289,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Seller Co-Listing Agent in 2022
Susan Andrade Bistline
Gustave White Sotheby's Realty
(401) 935-1778
1 in this area
26 Total Sales
-
Buyer's Agent in 2022
Kate Rooney
Gustave White Sotheby's Realty
(401) 636-7894
9 in this area
65 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1302791
APN: NEWP-000018-000000-000031
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