NOT LISTED FOR SALE

56 Berkeley Ave Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $1,058,000 - $1,302,000

4 Beds
2 Baths
1,824 Sq Ft
$647/Sq Ft Est. Value

Last Sold February 15, 2021

Last sale price $805,500 $442 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,379/month

About This Home

As of February 2021

AVAILABLE - WINTER RENTAL Sept 2021-May 2022. Spacious 4+ bedroom, 2 bathroom Victorian conveniently located between Cliff Walk and Bellevue and near by Salve Regina University. Nicely maintained single family home with hardwoods throughout. Large updated kitchen with stainless steel appliances, granite counter tops and generously sized kitchen island. Living room, separate dining room and first floor bedroom. Bonus walk up attic. Large basement with ample area for storage. Laundry. Efficient Navian gas heating system. Fenced yard and parking. Tenant pays all utilities. (Photos show home with current tenant's furnishings; home will be re-furnished by owner prior to start of Winter Rental 2021)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Feb 4, 2021
Sold by
Lin Youshan M
Bought by
Krause Frederick T
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$839,000
Sold Price
$805,500
Premium/Discount to List
-$33,500
-3.99%
Current Estimated Value
$1,179,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,967
Avg. Annual Appreciation
9.25%
Original Mortgage
$483,300
Outstanding Balance
$436,476
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$742,991

Purchase Details

Listed on
Sep 21, 2018
Closed on
Sep 10, 2018
Sold by
Beliveau Marc R
Bought by
Lin Youshan M
Seller's Agent
Kate Rooney
Gustave White Sotheby's Realty
Buyer's Agent
Elizabeth Fuller
Homes By Connect
Sold Price
$1,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$445,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2011
Sold by
Mckeon Brian T
Bought by
Beliveau Marc R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2004
Sold by
Gallagher John
Bought by
Mckeon Brian and Mckeon Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Krause Frederick T $805,500 None Available
Lin Youshan M $625,000 --
Beliveau Marc R $355,000 --
Mckeon Brian $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krause Frederick T $483,300
Previous Owner Lin Youshan M $445,000
Previous Owner Mckeon Brian $282,000
Previous Owner Mckeon Brian $284,000
Previous Owner Mckeon Brian $302,000
Previous Owner Mckeon Brian $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Rented $3,200 0.0% --
07/07/2021 07/07/21 Under Contract -- -- --
04/18/2021 04/18/21 For Rent $3,200 0.0% --
02/15/2021 02/15/21 Sold $805,500 -4.0% $442 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
10/07/2020 10/07/20 For Sale $839,000 0.0% $460 / Sq Ft
04/08/2019 04/08/19 For Rent $3,300 +11.9% --
04/08/2019 04/08/19 Rented $2,950 +63.9% --
10/24/2018 10/24/18 Rented $1,800 -30.8% --
09/24/2018 09/24/18 Under Contract -- -- --
09/21/2018 09/21/18 For Rent $2,600 0.0% --
09/10/2018 09/10/18 Sold $625,000 0.0% $240 / Sq Ft
08/11/2018 08/11/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $625,000 -- $240 / Sq Ft

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 $9,095 $1,106,500 $394,300 $712,200
2023 $7,224 $728,200 $257,800 $470,400
2022 $6,998 $728,200 $257,800 $470,400
2021 $6,794 $728,200 $257,800 $470,400
2020 $4,838 $470,600 $221,400 $249,200
2019 $4,838 $470,600 $221,400 $249,200
2018 $4,701 $470,600 $221,400 $249,200
2017 $4,129 $368,300 $158,400 $209,900
2016 $4,026 $368,300 $158,400 $209,900
2015 $3,930 $368,300 $158,400 $209,900
2014 $4,055 $336,200 $134,600 $201,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    The Hadfield Group

    Hogan Associates Christie's

    (401) 207-0083

    2 in this area

    111 Total Sales

    The Hadfield Group
    Section Image
  • Chad Kritzas

    Seller's Agent in 2021

    Chad Kritzas

    HomeSmart Professionals

    4 in this area

    226 Total Sales

    Chad Kritzas
    Section Image
  • Kate Rooney

    Seller's Agent in 2019

    Kate Rooney

    Gustave White Sotheby's Realty

    (401) 636-7894

    62 Total Sales

    Kate Rooney
    Section Image
  • Ryan Shea

    Buyer's Agent in 2019

    Ryan Shea

    HomeSmart Professionals

    (401) 855-3778

    76 Total Sales

    Ryan Shea
    Section Image

  • B

    Seller's Agent in 2018

    Broker Assisted Sale

    Broker Assisted Sale

  • Elizabeth Fuller

    Buyer's Agent in 2018

    Elizabeth Fuller

    Homes By Connect

    (401) 835-6615

    9 Total Sales

    Elizabeth Fuller
    Section Image
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Map

Rhode Island Newport County Newport 02840 Memorial Boulevard

56 Berkeley Ave, Newport, RI

This home is located at 56 Berkeley Ave, Newport, RI 02840 and is currently estimated at $1,179,467, approximately $646 per square foot. 56 Berkeley Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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