NOT LISTED FOR SALE

624 Thames St Unit 1 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,653,000 - $1,873,000

3 Beds
2 Baths
1,395 Sq Ft
$1,280/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Furnished
  • Window Unit Cooling System
  • 2-minute walk to Spencer Park

About This Home

As of June 2020

YEARLY rental available starting June 1st! 3 bedrooms, 2 bathrooms, can be partially furnished or unfurnished. This first floor unit is flooded with sunlight from the large windows in the living and dining area. The galley kitchen leads to one full bathroom, with the second bathroom located in the largest bedroom as an ensuite. Situated on lower Thames Street, this property is walking distance to restaurants, shops, and bars. Pets are accepted on a case by case basis. Wifi is included in the monthly rent! Tenants are in place so pictures and video tours are preferred.

Last Agent to Rent the Property

Lauren Mailloux

Our Real Estate License #REC.0018779 Listed on: 03/30/2020

Last Renter's Agent

Lauren Mailloux

Our Real Estate License #REC.0018779 Listed on: 03/30/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,923

Year Built

  • Built in 1918

Lot Details

  • 2,788

Parking

  • No Garage

Interior Spaces

  • 1,395 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Gas Fireplace
  • Wood Flooring
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Property Available on 6/1/20
  • 12 Month Lease Term
  • Assessor Parcel Number 624THAMESST1NEWP

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,923

Year Built

Built in 1918

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2020-06-01

Listing Details

  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 1395.0
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • Building Stories: 3
  • Structure Type: Apartment
  • Year Built: 1918
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: First Floor Access
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Furnished
  • Living Area: 1395.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Internet
  • Association: No
  • Pets Allowed: Call, Negotiable, Yes

Lot Info

  • Parcel #: 624THAMESST1NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Kswa Llc
Bought by
424 & 426 Thames Street Llc
Current Estimated Value
$1,785,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,321,975
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2017
Sold by
Astoria Rt
Bought by
Kswa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.17%
Mortgage Type
Commercial
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
424 & 426 Thames Street Llc $1,500,000 None Available
424 & 426 Thames Street Llc $1,500,000 None Available
Kswa Llc $650,000 --
Kswa Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 424 & 426 Thames Street Llc $2,400,000
Closed 424 & 426 Thames Street Llc $2,400,000
Previous Owner Kswa Llc $487,500
Previous Owner Parfet Stephen H $36,081
Previous Owner Parfet Stephen H $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2020 06/03/20 Rented $1,900 -5.0% --
05/04/2020 05/04/20 Under Contract -- -- --
03/30/2020 03/30/20 For Rent $2,000 -- --
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 $8,923 $1,085,500 $335,000 $750,500
2023 $8,137 $820,300 $297,800 $522,500
2022 $0 $792,800 $297,800 $495,000
2021 $0 $792,800 $297,800 $495,000
2020 $0 $623,400 $315,700 $307,700
2019 $0 $623,400 $315,700 $307,700
2018 $0 $623,400 $315,700 $307,700
2017 $0 $556,300 $187,400 $368,900
2016 -- $556,300 $187,400 $368,900
2015 -- $556,300 $187,400 $368,900
2014 -- $513,200 $187,400 $325,800
Source: Public Records

Agents Affiliated with this Home

  • Lauren Mailloux

    Landlord's Agent in 2020

    Lauren Mailloux

    Our Real Estate

    (631) 902-7082

    2 in this area

    28 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1250831

State-Wide MLS

APN: NEWP-000035-000000-000123

Rhode Island Newport County Newport 02840 Fifth Ward

624 Thames St Unit 1, Newport, RI

This home is located at 624 Thames St Unit 1, Newport, RI 02840 since 30 March 2020 and is currently priced at $1,785,000. This property was built in 1918. 624 Thames St Unit 1 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.

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