668 Thames St Unit 670 Newport, RI 02840
Fifth Ward Neighborhood
6
Beds
3
Baths
2,764
Sq Ft
2,575
Sq Ft Lot
Highlights
- Cathedral Ceiling
- Corner Lot
- 4 Car Detached Garage
- Wood Flooring
- Walking Distance to Water
- 4-minute walk to Spencer Park
About This Home
As of August 2024Welcome to a unique investment opportunity at 668 Thames Street, nestled in the heart of historic Newport, Rhode Island. This multifaceted property offers a blend of charming residential units and superb location, making it an ideal choice for investors, developers, or those seeking a second home with income potential. 668 Thames Street is divided into three units, each offering 2 cozy bedrooms and 1 full bath. The top floor boasts an approved 2-bedroom Airbnb, perfect for tapping into Newport's bustling tourism market. The first-floor unit commands an impressive $3,200 monthly lease, while the second-floor unit is available on a month-to-month basis. Step beyond the main accommodations to discover a detached 4-car garage, thoughtfully partitioned for individual use adding value and convenience for tenants or personal storage.You are within walking distance to an array of downtown amenities. Indulge in local restaurants, lush parks, prestigious yacht clubs, and marinas all contributing to the allure of this prime real estate offering. Don't miss out on this versatile property that promises a blend of steady income and delightful living.
Last Agent to Sell the Property
Compass / Lila Delman Compass License #Res.0045143 Listed on: 03/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,297
Year Built
- Built in 1900
Lot Details
- 2,575 Sq Ft Lot
- Corner Lot
Parking
- 4 Car Detached Garage
Home Design
- Stone Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 2,764 Sq Ft Home
- 3-Story Property
- Cathedral Ceiling
- Skylights
- Storage Room
- Utility Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Walking Distance to Water
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Community Details
- 3 Units
- Fifth Ward Subdivision
Listing and Financial Details
- Tax Lot 027
- Assessor Parcel Number 668THAMESSTNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2024
Closed on
Aug 15, 2024
Sold by
Plaku Aleksander A and Martini Leopold
Bought by
668 Thames Hldg Llc
Seller's Agent
William Parker Sizeland
Compass / Lila Delman Compass
Buyer's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Total Days on Market
164
Views
89
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,491
Avg. Annual Appreciation
3.36%
Purchase Details
Listed on
Jan 3, 2023
Closed on
Feb 21, 2023
Sold by
Mcellin Sean P
Bought by
Plaku Aleksander A and Mccauley Tinka
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Davin Fesmire
LPT Realty
List Price
$1,500,000
Sold Price
$1,505,000
Premium/Discount to List
$5,000
0.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Original Mortgage
$1,123,900
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 15, 2015
Closed on
Mar 31, 2015
Sold by
Touro Anthony V and Rich Margaret A
Bought by
Mcellin Sean P
Seller's Agent
Shannon Buss
Gustave White Sotheby's Realty
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$599,000
Sold Price
$465,000
Premium/Discount to List
-$134,000
-22.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.03%
Original Mortgage
$439,305
Interest Rate
3.68%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 29, 1999
Sold by
Gcm Newport Prop Llc
Bought by
Torio Anthony V and Rich Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,242
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,750,000 | None Available | |
| Warranty Deed | $1,750,000 | None Available | |
| Warranty Deed | $1,505,000 | None Available | |
| Warranty Deed | $465,000 | -- | |
| Warranty Deed | $248,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,123,900 | Purchase Money Mortgage | |
| Previous Owner | $198,000 | Unknown | |
| Previous Owner | $439,305 | FHA | |
| Previous Owner | $15,000 | No Value Available | |
| Previous Owner | $238,242 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | $1,750,000 | -2.8% | $633 / Sq Ft |
| 03/15/2024 03/15/24 | For Sale | $1,800,000 | +19.6% | $651 / Sq Ft |
| 02/21/2023 02/21/23 | Sold | $1,505,000 | +0.3% | $581 / Sq Ft |
| 01/22/2023 01/22/23 | Pending | -- | -- | -- |
| 01/03/2023 01/03/23 | For Sale | $1,500,000 | +222.6% | $579 / Sq Ft |
| 03/31/2015 03/31/15 | Sold | $465,000 | -22.4% | $179 / Sq Ft |
| 03/01/2015 03/01/15 | Pending | -- | -- | -- |
| 01/15/2015 01/15/15 | For Sale | $599,000 | -- | $231 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $10,610 | $1,290,800 | $354,900 | $935,900 |
| 2023 | $5,468 | $551,200 | $232,000 | $319,200 |
| 2022 | $5,297 | $551,200 | $232,000 | $319,200 |
| 2021 | $5,143 | $551,200 | $232,000 | $319,200 |
| 2020 | $4,526 | $440,300 | $218,300 | $222,000 |
| 2019 | $4,526 | $440,300 | $218,300 | $222,000 |
| 2018 | $4,399 | $440,300 | $218,300 | $222,000 |
| 2017 | $4,407 | $393,100 | $156,100 | $237,000 |
| 2016 | $4,297 | $393,100 | $156,100 | $237,000 |
| 2015 | $4,194 | $393,100 | $156,100 | $237,000 |
| 2014 | $3,918 | $324,900 | $132,700 | $192,200 |
Source: Public Records
Agents Affiliated with this Home
-
William Parker Sizeland
Seller's Agent in 2024
William Parker Sizeland
Compass / Lila Delman Compass
(401) 862-7428
3 in this area
43 Total Sales
-
Edith Cushing
Buyer's Agent in 2024
Edith Cushing
RE/MAX Profnl. Newport, Inc.
(401) 862-7703
3 in this area
50 Total Sales
-
Joe Fitzpatrick
Seller's Agent in 2023
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
47 in this area
680 Total Sales
-
Davin Fesmire
Buyer's Agent in 2023
Davin Fesmire
LPT Realty
(401) 477-9113
2 in this area
98 Total Sales
-
Shannon Buss
S
Seller's Agent in 2015
Shannon Buss
Gustave White Sotheby's Realty
(401) 714-7056
1 in this area
22 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1354752
APN: NEWP-000040-000000-000027
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