NOT LISTED FOR SALE

62 Bedlow Ave Unit 64 Newport, RI 02840

North End Residential Neighborhood

Estimated Value: $720,000 - $1,079,000

3 Beds
3 Baths
3,514 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $455,000 $129 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,923/month

44 Days on Market

Highlights

  • Tankless Water Heater
  • Heating System Uses Steam
  • Carpet

About This Home

As of October 2020

Invest in Newport! This three family home works for an investment property or for owner occupant wanting to live in one unit and rent the other two. First floor is a two bedroom unit, second floor is a one bedroom unit, and the third floor is a studio. Convenient Northern Newport location close to the bridge and Navy Base. Corner lot with parking for 2 cars. Newer roof, brand new heating system, and other mechanicals. Great opportunity to buy a multi-family in Newport!

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 08/06/2020

RE/MAX Results

Last Buyer's Agent

Christopher Walker

William Raveis Inspire License #RES.0034034

William Raveis Inspire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1930

Lot Details

  • 4,464 Sq Ft Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,514 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 200+ Amp Service
  • Tankless Water Heater
  • Oil Water Heater

Community Details

  • 3 Units
  • Operating Expense $4,000

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 363
  • Assessor Parcel Number 6264BEDLOWAVNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,253

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Above Grade Finished Sq Ft: 3514.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4464.0
  • Parcel #: 6264BEDLOWAVNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 3253.0
  • Tax Lot: 363
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2020
Closed on
Oct 19, 2020
Sold by
Spillane Timothy
Bought by
Holmes Jonathan
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Christopher Walker
William Raveis Inspire
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Current Estimated Value
$817,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,947
Avg. Annual Appreciation
13.08%
Original Mortgage
$439,814
Outstanding Balance
$394,927
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$430,809

Purchase Details

Listed on
Oct 9, 2015
Closed on
Jul 1, 2016
Sold by
Thibault Allen R and Thibault Eduarda M
Bought by
Spillane Francis P
Seller's Agent
Connor Dowd
Keller Williams Coastal
Buyer's Agent
Robert Sullivan
Edge Realty RI
List Price
$319,000
Sold Price
$260,000
Premium/Discount to List
-$59,000
-18.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$260,000
Interest Rate
3.42%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Holmes Jonathan $455,000 None Available
Spillane Francis P $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Jonathan $439,814
Previous Owner Spillane Francis P $260,000
Previous Owner Thibault Allen R $290,000
Previous Owner Thibault Allen R $28,200
Previous Owner Thibault Allen R $187,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $455,000 -4.2% $129 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $475,000 +82.7% $135 / Sq Ft
06/30/2016 06/30/16 Sold $260,000 -18.5% $151 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
10/09/2015 10/09/15 For Sale $319,000 -- $185 / 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 $5,598 $681,000 $214,600 $466,400
2023 $4,491 $452,700 $151,700 $301,000
2022 $4,350 $452,700 $151,700 $301,000
2021 $4,224 $452,700 $151,700 $301,000
2020 $3,253 $316,400 $129,300 $187,100
2019 $3,253 $316,400 $129,300 $187,100
2018 $3,161 $316,400 $129,300 $187,100
2017 $3,431 $306,100 $75,600 $230,500
2016 $3,346 $306,100 $75,600 $230,500
2015 $2,447 $229,300 $75,600 $153,700
2014 -- $216,100 $67,600 $148,500
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2020

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    14 in this area

    698 Total Sales

    Joe Fitzpatrick
    Section Image

  • C

    Buyer's Agent in 2020

    Christopher Walker

    William Raveis Inspire

    (401) 207-3970

    1 in this area

    15 Total Sales

    Christopher Walker
    Section Image
  • Connor Dowd

    Seller's Agent in 2016

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    4 in this area

    403 Total Sales

    Connor Dowd
    Section Image
  • Robert Sullivan

    Buyer's Agent in 2016

    Robert Sullivan

    Edge Realty RI

    (401) 855-9855

    14 Total Sales

    Robert Sullivan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1260750

State-Wide MLS

APN: NEWP-000007-000000-000363

Rhode Island Newport County Newport 02840 North End Residential

62 Bedlow Ave Unit 64, Newport, RI

This home is located at 62 Bedlow Ave Unit 64, Newport, RI 02840 since 06 August 2020 and is currently estimated at $817,947, approximately $232 per square foot. This property was built in 1930. 62 Bedlow Ave Unit 64 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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