NOT LISTED FOR SALE

569 Spring St Unit 3 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $525,000 - $643,000

2 Beds
1 Bath
1,190 Sq Ft
$330/mo HOA Fee

Last Sold March 03, 2023

Last sale price $440,000 $370 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,745/month

125 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Golf Course Community
  • Tennis Courts
  • Window Unit Cooling System

About This Home

As of March 2023

New Offering! Spacious, two bed sunny unit in a coveted and eclectic, Victorian Era Manse with charm and original architectural details and bridge views. Enjoy all the Newport amenities from this prime location nestled between waterfront and mansion district. This updated and restored unit offers a modern kitchen and bath, newer mechanicals and gleaming hardwood floors. Easy walk to Salve Regina, Morton Park, the beaches, cliff walk, shopping, dining, the harbor and yacht clubs. Two off-street assigned parking spaces complete the package.

Last Agent to Sell the Property

Alex Fraioli

Edge Realty RI License #RES.0040250 Listed on: 10/11/2022

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1900

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Stone Foundation
  • Clapboard

Interior Spaces

  • 1,190 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 278
  • Assessor Parcel Number 569SPRINGST3NEWP

Community Details

Overview

  • Association fees include ground maintenance, parking, snow removal
  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,923

Year Built

Built in 1900

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Above Grade Finished Sq Ft: 1190.0
  • Building Name: Grey Gables
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 4
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 1190.0
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 330.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Cats OK, Dogs OK, Negotiable, Size Limit, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Grounds, Parking, Snow Removal

Lot Info

  • Parcel #: 569SPRINGST3NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 2923.0
  • Tax Lot: 278
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Mar 3, 2023
Sold by
Winthrop Henry F
Bought by
Poirier Tarah
Seller's Agent
Alex Fraioli
Edge Realty RI
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$529,000
Sold Price
$440,000
Premium/Discount to List
-$89,000
-16.82%
Views
318
Current Estimated Value
$596,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,045
Avg. Annual Appreciation
13.78%
Original Mortgage
$418,000
Outstanding Balance
$403,654
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,839

Purchase Details

Listed on
Sep 1, 2020
Closed on
Dec 4, 2020
Sold by
Schwier David T and Schwier Victoria K
Bought by
Winthrop Henry F
Seller's Agent
Douglas Kohler
Lila Delman Compass
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$425,000
Sold Price
$370,000
Premium/Discount to List
-$55,000
-12.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%
Original Mortgage
$333,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2014
Closed on
Nov 7, 2014
Sold by
Yozura Jason A
Bought by
Schwier Victoria K and Schwier David T
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Alice Sheerin
Teri Degnan RE & Consulting
List Price
$309,000
Sold Price
$280,000
Premium/Discount to List
-$29,000
-9.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$184,000
Interest Rate
3.63%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 12, 2009
Sold by
Steel Robert T and Steel Patricia
Bought by
Yozura Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Poirier Tarah $440,000 None Available
Winthrop Henry F $370,000 None Available
Schwier Victoria K $280,000 --
Yozura Jason A $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poirier Tarah $418,000
Previous Owner Winthrop Henry F $333,000
Previous Owner Yozura Jason A $184,000
Previous Owner Yozura Jason A $35,000
Previous Owner Yozura Jason A $189,000
Previous Owner Yozura Jason A $193,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2023 03/03/23 Sold $440,000 -11.8% $370 / Sq Ft
02/13/2023 02/13/23 Price Changed $499,000 -5.7% $419 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
10/11/2022 10/11/22 For Sale $529,000 +43.0% $445 / Sq Ft
12/14/2020 12/14/20 Sold $370,000 -12.9% $311 / Sq Ft View Prior Sale
11/14/2020 11/14/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $425,000 0.0% $357 / Sq Ft
03/06/2020 03/06/20 Rented $10,800 +468.4% --
02/05/2020 02/05/20 Under Contract -- -- --
08/31/2019 08/31/19 For Rent $1,900 0.0% --
11/06/2014 11/06/14 Sold $280,000 -9.4% $235 / Sq Ft View Prior Sale
10/07/2014 10/07/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $309,000 -- $260 / 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 $3,065 $426,900 $0 $426,900
2024 $3,509 $426,900 $0 $426,900
2023 $3,541 $357,000 $0 $357,000
2022 $3,431 $357,000 $0 $357,000
2021 $3,331 $357,000 $0 $357,000
2020 $2,924 $284,400 $0 $284,400
2019 $2,924 $284,400 $0 $284,400
2018 $2,841 $284,400 $0 $284,400
2017 $3,188 $284,400 $0 $284,400
2016 $3,108 $284,400 $0 $284,400
2015 $3,035 $284,400 $0 $284,400
2014 $3,347 $277,500 $0 $277,500
Source: Public Records

Agents Affiliated with this Home

  • Alex Fraioli

    Seller's Agent in 2023

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    13 in this area

    136 Total Sales

    Alex Fraioli
    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2023

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    44 in this area

    695 Total Sales

    Joe Fitzpatrick
    Section Image
  • Douglas Kohler

    Seller's Agent in 2020

    Douglas Kohler

    Lila Delman Compass

    (401) 602-2507

    2 in this area

    35 Total Sales

    Douglas Kohler
    Section Image

  • P

    Buyer's Agent in 2020

    Pawler Garrahan

    Lila Delman Real Estate

  • Chad Kritzas

    Seller's Agent in 2014

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    5 in this area

    205 Total Sales

    Chad Kritzas
    Section Image
  • Alice Sheerin

    Buyer's Agent in 2014

    Alice Sheerin

    Teri Degnan RE & Consulting

    (401) 935-1601

    2 in this area

    24 Total Sales

    Alice Sheerin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1321933

State-Wide MLS

APN: NEWP-000040-000278-000003

Rhode Island Newport County Newport 02840 Fifth Ward

569 Spring St Unit 3, Newport, RI

This home is located at 569 Spring St Unit 3, Newport, RI 02840 since 11 October 2022 and is currently estimated at $596,045, approximately $500 per square foot. This property was built in 1900. 569 Spring St Unit 3 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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