NOT LISTED FOR SALE

548 Thames St Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,503,000 - $2,088,000

6 Beds
3 Baths
2,120 Sq Ft
$850/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2013

Last sale price $525,000 $248 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $10,697 / mo

88 Days on Market

Highlights

  • Deck
  • Furnished
  • 4-minute walk to Spencer Park
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of September 2013

Great location for this multi-family with ample parking and 2 decks. Perfect house for seasonal rentals, this house has great income potential. First floor is a 3 bed, 1 bath unit. Second and third floor combine for 3 bed 2 bath with extra loft.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 05/16/2013

RE/MAX Results

Co-Listed By

Joseph Fitzpatrick

RE/MAX Results License #REB.0019890

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results Listed on: 05/16/2013

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1905

Lot Details

  • 3,920

Home Design

  • Clapboard

Interior Spaces

  • 2,120 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • Deck
  • 3,920 Sq Ft Lot

Community Details

  • 2 Units
  • Lower Thames Subdivision

Listing and Financial Details

  • Tax Lot 258
  • Assessor Parcel Number 548THAMESSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,145

Year Built

Built in 1905

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: RMAX
  • Co List Office Phone: 401-849-0100
  • Subdivision Name: LOWER THAMES
  • Above Grade Finished Sq Ft: 2120.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Furnished
  • Living Area: 2120.0
  • Stories: 3

Exterior Features

  • Construction Type: Clapboard
  • Exterior Features: Deck
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3920.0
  • Parcel #: 548THAMESSTNEWP

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4145.0
  • Tax Lot: 258
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2013
Closed on
Sep 13, 2013
Sold by
Arsneault John
Bought by
Ccb Capital & Real Est I
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$625,000
Sold Price
$525,000
Premium/Discount to List
-$100,000
-16%
Current Estimated Value
$1,802,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,277,067
Avg. Annual Appreciation
10.29%
Original Mortgage
$375,000
Outstanding Balance
$276,749
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$1,525,318

Purchase Details

Closed on
Jan 18, 2011
Sold by
Sears Brian Michael
Bought by
Arsneault John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 1998
Sold by
Baratta Thomas and Baratta Lorraine
Bought by
Sears Brian Michael

Purchase Details

Closed on
Jun 19, 1992
Sold by
Treherne Thomas D
Bought by
Young Joann B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ccb Capital & Real Est I $525,000 --
Arsneault John $450,000 --
Sears Brian Michael $130,000 --
Young Joann B $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Joann B $232,500
Open Young Joann B $375,000
Previous Owner Young Joann B $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2013 09/13/13 Sold $525,000 -16.0% $248 / Sq Ft
08/14/2013 08/14/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $625,000 -- $295 / Sq Ft
Source: State-Wide MLS

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
2025 $12,920 $1,486,900 $387,700 $1,099,200
2024 $12,222 $1,486,900 $387,700 $1,099,200
2023 $8,844 $891,500 $253,400 $638,100
2022 $8,567 $891,500 $253,400 $638,100
2021 $8,318 $891,500 $253,400 $638,100
2020 $7,310 $711,100 $220,900 $490,200
2019 $7,310 $711,100 $220,900 $490,200
2018 $7,104 $711,100 $220,900 $490,200
2017 $6,606 $589,300 $158,000 $431,300
2016 $6,441 $589,300 $158,000 $431,300
2015 $6,288 $589,300 $158,000 $431,300
2014 $4,401 $364,900 $134,300 $230,600
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2013

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    44 in this area

    683 Total Sales

    Joe Fitzpatrick
    Section Image
  • Joseph Fitzpatrick

    Seller Co-Listing Agent in 2013

    Joseph Fitzpatrick

    RE/MAX Results

    (401) 848-7827

    1 in this area

    13 Total Sales

    Joseph Fitzpatrick
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1041419

State-Wide MLS

APN: NEWP-000035-000000-000258

Rhode Island Newport County Newport 02840 Fifth Ward

548 Thames St, Newport, RI

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