NOT LISTED FOR SALE

7 Berkeley Terrace Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $689,000 - $798,000

2 Beds
1 Bath
968 Sq Ft
$765/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $368,000 $380 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $4,512/month

39 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Cottage
  • Cathedral Ceiling
  • Tennis Courts
  • 2-minute walk to Freebody Park

About This Home

As of September 2017

Charming Newport cottage in the heart of Newport, yet a quiet location. Steps to Bellevue Avenue, International Tennis Hall of Fame, shopping and a short walk to the waterfront or beaches. The perfect location for your Newport getaway! Off street parking and fenced yard.

Last Agent to Sell the Property

Karin Jackson

Compass / Lila Delman Compass Listed on: 07/07/2017

Compass / Lila Delman Compass

Co-Listed By

Arthur Chapman

William Raveis Inspire License #REB.0015893

Last Buyer's Agent

Elizabeth Sweeny

PRUDENTIAL PRIME PROPERTIES/AV

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,247

Year Built

  • Built in 1920

Lot Details

  • 2,862

Home Design

  • Cottage
  • Bungalow
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 968 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Free Standing Fireplace
  • Workshop
  • Storage Room
  • Utility Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • 2,862 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 84
  • Assessor Parcel Number 7BerkeleyTERNEWP

Community Details

Overview

  • Bellevue/Berkeley Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,247

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0657
  • Co List Office Mls Id: CHAP
  • Co List Office Phone: 401-846-3800
  • Subdivision Name: Bellevue/Berkeley
  • Above Grade Finished Sq Ft: 968.0
  • Architectural Style: Bungalow, Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Free Standing
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Cable TV
  • Living Area: 968.0
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil, Other
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2862.0
  • Parcel #: 7BerkeleyTERNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3247.0
  • Tax Lot: 84
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Sep 15, 2017
Sold by
Brown Henry W and Mcgee-Brown Karen A
Bought by
Reilly John E and Reilly Elizabeth A
Seller's Agent
Karin Jackson
Compass / Lila Delman Compass
Buyer's Agent
Elizabeth Sweeny
PRUDENTIAL PRIME PROPERTIES/AV
List Price
$389,000
Sold Price
$368,000
Premium/Discount to List
-$21,000
-5.4%
Total Days on Market
39
Current Estimated Value
$740,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,554
Avg. Annual Appreciation
9.51%
Original Mortgage
$331,000
Outstanding Balance
$279,904
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$462,183

Purchase Details

Closed on
Apr 25, 1995
Sold by
Knowe Virginia M
Bought by
Brown Henry W and Brown Karen
Source: Public Records

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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
Reilly John E $368,000 --
Brown Henry W $114,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reilly John E $331,000
Previous Owner Brown Henry W $247,403
Previous Owner Brown Henry W $242,200
Previous Owner Brown Henry W $28,730
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $368,000 -5.4% $380 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $389,000 -- $402 / 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 $4,260 $611,200 $363,000 $248,200
2023 $3,994 $402,600 $237,300 $165,300
2022 $3,869 $402,600 $237,300 $165,300
2021 $3,756 $402,600 $237,300 $165,300
2020 $3,811 $370,700 $219,000 $151,700
2019 $3,811 $370,700 $219,000 $151,700
2018 $3,703 $370,700 $219,000 $151,700
2017 $3,330 $297,100 $156,600 $140,500
2016 $3,247 $297,100 $156,600 $140,500
2015 $3,170 $297,100 $156,600 $140,500
2014 $3,284 $272,300 $133,100 $139,200
Source: Public Records

Agents Affiliated with this Home

  • Karin Jackson

    Seller's Agent in 2017

    Karin Jackson

    Compass / Lila Delman Compass

    (401) 338-3771

    3 in this area

    160 Total Sales

    Karin Jackson
    Section Image
  • Arthur Chapman

    Seller Co-Listing Agent in 2017

    Arthur Chapman

    William Raveis Inspire

    (401) 640-0807

    3 in this area

    61 Total Sales

    Arthur Chapman
    Section Image

  • E

    Buyer's Agent in 2017

    Elizabeth Sweeny

    PRUDENTIAL PRIME PROPERTIES/AV

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1166371

State-Wide MLS

APN: NEWP-000033-000000-000084

Rhode Island Newport County Newport 02840 Memorial Boulevard

7 Berkeley Terrace, Newport, RI

This home is located at 7 Berkeley Terrace, Newport, RI 02840 since 07 July 2017 and is currently estimated at $740,554, approximately $765 per square foot. This property was built in 1920. 7 Berkeley Terrace 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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