NOT LISTED FOR SALE

628 Park Ave Portsmouth, RI 02871

Island Park Neighborhood

Estimated Value: $720,000 - $862,028

5 Beds
2 Baths
4,284 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $485,000 $113 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,891/month

83 Days on Market

Highlights

  • Beach Front
  • Marina
  • Deck
  • Portsmouth High School Rated A-
  • Golf Course Community
  • Thermal Windows

About This Home

As of July 2020

Opportunity to purchase an income generating WATERFRONT home on Blue Bill Cove. This 5 Bedroom, 2 Bath property is currently a Two Family home. The 1st and 2nd floor units are currently leased until June 1, 2021. There is 2400 square feet of living space, which can be converted to a single family home or a mixed use commercial/residential with a special use application/permit. Enjoy over 700 sqft of deck space overlooking the Cove watching the sunsets or enjoying the annual fireworks display in your backyard! The Cove is sheltered and perfect for kayaking and paddle boarding over to the local waterfront coffee shops! The Cove also has direct access to the Sakonnet River and Mt Hope Bay which makes this a boaters paradise. Town mooring rights. Short walk to beaches, dining, cafes, marina. Off street parking. Newer septic (2010-4 bedroom), electrical (2010-200amp), (2)heating systems...Easy highway access. 15minutes to Newport, 30 minutes to Providence and 45 minutes to Boston. Also listed as MLS 1250011 and 129997

Last Agent to Sell the Property

Lisa Davis

Keller Williams Coastal License #REB.0016696 Listed on: 03/18/2020

Keller Williams Coastal

Last Buyer's Agent

Joanna Krystman

Hearth & Harbor Realty License #RES.0027729

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,975

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Beach Front

Home Design

  • Combination Foundation
  • Stone Foundation
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 4,284 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage Room
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 74
  • Assessor Parcel Number 628PARKAVPORT

Community Details

Overview

  • 2 Units
  • Blue Bill Cove Subdivision

Recreation

  • Marina
  • Golf Course Community

Additional Features

  • Shops
  • Operating Expense $9,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,975

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: Blue Bill Cove
  • Above Grade Finished Sq Ft: 4284.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Oven, Range, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Waterfront Features: Beach Front, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Clapboard, Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: Combination, Stone
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 628PARKAVPORT
  • Zoning: C
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 9375.0

Tax Info

  • Tax Annual Amount: 5975.0
  • Tax Lot: 74
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Jul 9, 2020
Sold by
Raposa Peter J
Bought by
Mulligan Carney P and Mulligan J S
Seller's Agent
Lisa Davis
Keller Williams Coastal
Buyer's Agent
Joanna Krystman
Hearth & Harbor Realty
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$756,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,885
Avg. Annual Appreciation
8.64%

Purchase Details

Closed on
Sep 4, 2018
Sold by
Raposa Peter J and Raposa Coleen J
Bought by
Raposa Peter J

Purchase Details

Closed on
Dec 5, 2006
Sold by
Leary James E
Bought by
Raposa Peter and Raposa Coleen
Source: Public Records

Range of Values:

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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
Mulligan Carney P $485,000 None Available
Raposa Peter J -- --
Raposa Peter $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulligan Carney P $450,000
Previous Owner Leary James $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $485,000 -2.8% $113 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $499,000 0.0% $116 / Sq Ft
06/01/2016 06/01/16 Rented $1,500 0.0% --
05/02/2016 05/02/16 Under Contract -- -- --
04/12/2016 04/12/16 For Rent $1,500 -- --
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 $9,209 $698,700 $485,300 $213,400
2023 $8,929 $698,700 $485,300 $213,400
2022 $6,941 $446,100 $225,200 $220,900
2021 $6,830 $446,100 $225,200 $220,900
2020 $6,723 $446,100 $225,200 $220,900
2019 $5,975 $364,300 $138,900 $225,400
2018 $5,818 $364,300 $138,900 $225,400
2017 $5,618 $364,300 $138,900 $225,400
2016 $5,466 $341,600 $146,200 $195,400
2015 $5,397 $341,600 $146,200 $195,400
2014 $5,397 $341,600 $146,200 $195,400
Source: Public Records

Agents Affiliated with this Home

  • Lisa Davis

    Seller's Agent in 2020

    Lisa Davis

    Keller Williams Coastal

    (401) 418-2525

    17 Total Sales

    Section Image
  • Joanna Krystman

    Buyer's Agent in 2020

    Joanna Krystman

    Hearth & Harbor Realty

    (401) 263-6550

    22 Total Sales

    Section Image
  • Debra Torres

    Seller's Agent in 2016

    Debra Torres

    Keller Williams Coastal

    (508) 496-8850

    1 in this area

    46 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1249954

State-Wide MLS

APN: PORT-000021-000000-000074

Rhode Island Newport County Portsmouth 02871 Island Park

628 Park Ave, Portsmouth, RI

This home is located at 628 Park Ave, Portsmouth, RI 02871 since 18 March 2020 and is currently estimated at $802,007, approximately $187 per square foot. This property was built in 1890. 628 Park Ave is a home located in Newport County with nearby schools including Portsmouth High School and St. Philomena School of the Sacred Heart.

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