$550,000
SOLD OCT 17, 2024

55 Gould St Newport, RI 02840

2 Beds
2 Baths
2,244 Sq Ft
2,244 Sq Ft Lot

Recently Sold

$245 Per Sq Ft

15% Below List Price

57 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Storage Room
  • Walking Distance to Water
  • Tankless Water Heater
  • 5-minute walk to Equality Park

About This Home

As of October 2024

Welcome to this charming two-family home, perfectly situated just off Broadway in the heart of Newport. This property offers the best of both worlds with two inviting 1-bedroom units, each providing comfort and convenience in a desirable location. The units boast cozy front porches, ideal for relaxing and enjoying the neighborhood's vibrant atmosphere. The fenced rear yard provides a private outdoor space, perfect for entertaining or unwinding after a long day. Whether you're looking for an owner-occupied residence with the added benefit of rental potential or a versatile living arrangement, this home is a fantastic choice. Live in one unit while renting out the other or create a multi-generational living space. With its prime location and charming features, this property is a great opportunity to enjoy Newport living to the fullest.

Last Agent to Sell the Property

Connor Dowd

Keller Williams Coastal License #B16208 Listed on: 08/08/2024

Keller Williams Coastal

Last Buyer's Agent

Hilary Marshall

RE/MAX Professionals License #RES.0043599

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,662

Year Built

  • Built in 1900

Lot Details

  • 2,244 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 2,244 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 115
  • Assessor Parcel Number 55GOULDSTNEWP

Community Details

Overview

  • 2 Units
  • Broadway Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,662

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0515
  • Subdivision Name: Broadway
  • Above Grade Finished Sq Ft: 2244.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard, Shingle Siding, Wood Siding
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2244.0
  • Parcel #: 55GOULDSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5661.74
  • Tax Lot: 115
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 17, 2024
Sold by
Raposa Family Jret and Raposa
Bought by
Mfr Llc
Seller's Agent
Connor Dowd
Keller Williams Coastal
Buyer's Agent
Hilary Marshall
RE/MAX Professionals
List Price
$649,000
Sold Price
$550,000
Premium/Discount to List
-$99,000
-15.25%
Views
268
Current Estimated Value
$597,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,959
Avg. Annual Appreciation
8.22%
Original Mortgage
$412,500
Outstanding Balance
$408,163
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,646

Purchase Details

Closed on
Mar 16, 2022
Sold by
Raposa David J
Bought by
Raposa Fam Ret and Raposa

Purchase Details

Closed on
May 31, 1985
Bought by
Raposa David J
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 Type Sale Price Title Company
Deed $550,000 None Available
Deed $550,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,500 Purchase Money Mortgage
Closed $412,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $550,000 -8.2% $245 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
08/30/2024 08/30/24 Price Changed $599,000 -7.7% $267 / Sq Ft
08/08/2024 08/08/24 For Sale $649,000 -- $289 / 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
2025 $4,501 $518,000 $162,800 $355,200
2024 $4,258 $518,000 $162,800 $355,200
2023 $3,290 $331,700 $105,600 $226,100
2022 $3,188 $331,700 $105,600 $226,100
2021 $3,095 $331,700 $105,600 $226,100
2020 $2,629 $255,700 $96,100 $159,600
2019 $2,629 $255,700 $96,100 $159,600
2018 $2,554 $255,700 $96,100 $159,600
2017 $2,397 $213,800 $73,900 $139,900
2016 $2,337 $213,800 $73,900 $139,900
2015 $2,281 $213,800 $73,900 $139,900
2014 $2,588 $214,600 $66,100 $148,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1365676

State-Wide MLS

APN: NEWP-000013-000000-000115