NOT LISTED FOR SALE

547 Spring St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,245,000 - $1,610,243

5 Beds
3 Baths
4,855 Sq Ft
$286/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $799,000 $165 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $8,468/month

253 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Walking Distance to Water
  • Attic
  • Tennis Courts
  • Porch

About This Home

As of December 2020

Welcome to "BLUE DOOR COTTAGE" circa 1905. Newly renovated! New roof, gutters, vinyl siding, basement, porch. Completely renovated first floor: Brand new kitchen and baths, 3 bedrooms, 2 full baths. Bright gleaming hardwood floors throughout and plenty of natural sunlight in the south facing dining area and kitchen. Second floor is 2 bedroom, 1 bath. Access to the attic, possibility of expansion to the unfinished attic. Great Location, a quick walk to downtown for shopping and restaurants.

Last Agent to Sell the Property

William Leys

Gustave White Sotheby's Realty License #RES.0042817 Listed on: 03/02/2020

Gustave White Sotheby's Realty

Co-Listed By

Paul Leys

Gustave White Sotheby's Realty License #REC.0013814

Last Buyer's Agent

Dave Hackett

Mott & Chace Sotheby's Intl. License #RES.0042066

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,581

Year Built

  • Built in 1900

Lot Details

  • 4,791 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 4,855 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Permanent Attic Stairs
  • Storm Windows

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 112
  • Assessor Parcel Number 547SPRINGSTNEWP

Community Details

Overview

  • 2 Units
  • Morton Park Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,581

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Subdivision Name: Morton Park
  • Above Grade Finished Sq Ft: 4855.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Attic, Internal Expansion, Permanent Attic Stairs, Tub Shower
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.0
  • Parcel #: 547SPRINGSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5581.0
  • Tax Lot: 112
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
Nov 10, 2020
Sold by
Spring St Holdings Llc
Bought by
Hackett Marijane
Seller's Agent
William Leys
Gustave White Sotheby's Realty
Buyer's Agent
Dave Hackett
Mott & Chace Sotheby's Intl.
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%
Total Days on Market
253
Current Estimated Value
$1,389,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,061
Avg. Annual Appreciation
13.14%
Original Mortgage
$335,000
Outstanding Balance
$300,810
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,088,251

Purchase Details

Closed on
Dec 7, 2012
Sold by
Martin David M
Bought by
Lozito Albert P
Source: Public Records

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Range of Values:

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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
Hackett Marijane $799,000 None Available
Lozito Albert P $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hackett Marijane $100,000
Open Hackett Marijane $335,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $799,000 -5.9% $165 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $849,000 +61.7% $175 / Sq Ft
06/01/2018 06/01/18 Sold $525,000 -12.4% $211 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
08/07/2017 08/07/17 For Sale $599,000 -- $240 / 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 $8,057 $1,156,000 $481,800 $674,200
2023 $7,375 $743,400 $317,100 $426,300
2022 $7,144 $743,400 $317,100 $426,300
2021 $6,821 $731,100 $317,100 $414,000
2020 $5,661 $550,700 $285,200 $265,500
2019 $5,661 $550,700 $285,200 $265,500
2018 $5,501 $550,700 $285,200 $265,500
2017 $4,848 $432,500 $219,400 $213,100
2016 $4,727 $432,500 $219,400 $213,100
2015 $4,615 $432,500 $219,400 $213,100
2014 $4,582 $379,900 $171,500 $208,400
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2020

    William Leys

    Gustave White Sotheby's Realty

    (401) 862-2507

    2 in this area

    11 Total Sales

    William Leys
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Paul Leys

    Gustave White Sotheby's Realty

    (401) 862-6706

    6 in this area

    49 Total Sales

    Paul Leys
    Section Image
  • Dave Hackett

    Buyer's Agent in 2020

    Dave Hackett

    Mott & Chace Sotheby's Intl.

    (401) 500-0057

    1 in this area

    88 Total Sales

    Dave Hackett
    Section Image

  • E

    Seller's Agent in 2018

    Elizabeth Cody

    Compass / Lila Delman Compass

    (781) 492-8396

    6 Total Sales

    Elizabeth Cody
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1248619

State-Wide MLS

APN: NEWP-000040-000000-000112

Rhode Island Newport County Newport 02840 Fifth Ward

547 Spring St, Newport, RI

This home is located at 547 Spring St, Newport, RI 02840 since 02 March 2020 and is currently estimated at $1,389,061, approximately $286 per square foot. This property was built in 1900. 547 Spring 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.

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