NOT LISTED FOR SALE

624 Thames St Unit 626 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,563,000 - $2,016,000

8 Beds
5 Baths
4,165 Sq Ft
$436/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $1,500,000 $360 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,301/month

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Wood Siding
  • 1 Car Detached Garage
  • Baseboard Heating
  • 2-minute walk to Spencer Park

About This Home

As of June 2022

Sold before print, listed for comp purposes only.

Last Agent to Sell the Property

Lauren Mailloux

Our Real Estate License #REC.0018779 Listed on: 06/28/2022

Last Buyer's Agent

Lauren Mailloux

Our Real Estate License #REC.0018779 Listed on: 06/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,091

Year Built

  • Built in 1918

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Wood Siding
  • Clapboard

Interior Spaces

  • 4,165 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Oil Water Heater

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 624THAMESSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,091

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Above Grade Finished Sq Ft: 4165.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1918
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 2
  • Appliances: Oil Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.0
  • Parcel #: 624THAMESSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 11091.0
  • Tax Lot: 123
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Jun 23, 2022
Sold by
Kswa Llc
Bought by
424 & 426 Thames Street Llc
Seller's Agent
Lauren Mailloux
Our Real Estate
Buyer's Agent
Lauren Mailloux
Our Real Estate
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,818,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,000
Avg. Annual Appreciation
5.94%
Original Mortgage
$2,400,000
Outstanding Balance
$2,284,203
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$466,203

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 Kswa Llc $36,081
Previous Owner Kswa Llc $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2022 06/28/22 Sold $1,500,000 0.0% $360 / Sq Ft
06/28/2022 06/28/22 For Sale $1,500,000 -- $360 / 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 $9,432 $1,085,500 $335,000 $750,500
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

    Seller's Agent in 2022

    Lauren Mailloux

    Our Real Estate

    (631) 902-7082

    2 in this area

    29 Total Sales

    Lauren Mailloux
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Map

Source: State-Wide MLS

MLS Number: 1314187

State-Wide MLS

APN: NEWP-000035-000000-000123

Rhode Island Newport County Newport 02840 Fifth Ward

624 Thames St Unit 626, Newport, RI

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