NOT LISTED FOR SALE

7 Berkeley Terrace Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $737,000 - $994,000

2 Beds
1 Bath
968 Sq Ft
$873/Sq Ft Est. Value

Last Sold September 15, 2017

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

Est. 130% increase in value since last sale

Current estimated payment $4,811/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

Lila Delman Compass Listed on: 07/07/2017

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
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%
Current Estimated Value
$844,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,941
Avg. Annual Appreciation
10.63%
Original Mortgage
$331,000
Outstanding Balance
$276,631
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$568,310

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Previous Owner Brown Henry W $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $4,388 $611,200 $363,000 $248,200
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

    Lila Delman Compass

    (401) 338-3771

    3 in this area

    157 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

    62 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

Not Listed for Sale

Detached

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