Daniel Cordeiro
Responds Quickly
Gustave White Sotheby's Realty
(844) 763-4116
17 Total Sales
2 in Old Beach
$1.9M - $2.6M Price Range
7 Red Cross Ave Newport, RI 02840
Old Beach Neighborhood
3
Beds
3
Baths
7,287
Sq Ft
1.09
Acre Lot
Highlights
- 1.09 Acre Lot
- 6 Fireplaces
- Walking Distance to Water
- Wood Flooring
- Tennis Courts
- 2 Car Attached Garage
About This Home
As of July 2023Rare Opportunity to own "The Boxcroft" built by McKim, Mead and White for Samuel Colman, noted watercolorist and collector. A Grand historical home which was once a beautiful single family home. Now a 7 unit multi family with beautiful, spacious, Sun Filled Apartments. Five Apartments are one bedroom, one is a two bedroom and there is a studio apartment as well. This three level classic 19th Century home, boast 6 fireplaces, (not in use) however make a grand statement in the room. Beautiful Hardwood floors throughout, Gorgeous Entry/Foyer, located on a private fenced lot, consisting of over an acre of land!! All apartments overlook the beautiful fenced in grounds with mature landscaping. One unit has an enclosed porch, on the second floor. Another unit has its own entrance off a private porch and patio! There is also a two car garage with additional parking spaces in the paved driveway for up to 10 spaces. Wonderful quiet neighborhood setting on Red Cross Ave, one of the best streets in Newport, with walking distance to Memorial Blvd, Cliff Walk, Easton's Beach and all Newport has to offer!!
Last Agent to Sell the Property
New England Premier R.E. License #RES.0029257 Listed on: 04/01/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,874
Year Built
- Built in 1883
Lot Details
- 1.09 Acre Lot
- Fenced
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 7,287 Sq Ft Home
- 3-Story Property
- 6 Fireplaces
- Storage Room
- Laundry Room
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- Walking Distance to Water
- Patio
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 044
- Assessor Parcel Number 7REDCROSSAVNEWP
Community Details
Overview
- 3 Units
- Red Cross Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Tennis Courts
Building Details
- Operating Expense $65,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2023
Closed on
Jul 28, 2023
Sold by
Rmr Assoc
Bought by
Seller's Agent
Jane Johnson
New England Premier R.E.
Buyer's Agent
Eric Kirton
Lila Delman Compass
List Price
$3,500,000
Sold Price
$3,500,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,975,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 19, 1985
Bought by
Rmr Associates
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old Beach, RI
-
Daniel Cordeiro
-
The Labonte Group
The Labonte Group
Residential Properties Ltd.
(959) 230-0915
17 Total Sales
1 in Old Beach
$810,000 Price
-
Edith Cushing
Edith Cushing
Responds QuicklyRE/MAX Profnl. Newport, Inc.
(401) 227-3276
33 Total Sales
2 in Old Beach
$525K - $2.9M Price Range
-
Annie Becker
Annie Becker
Responds QuicklyLila Delman Compass
(401) 341-1587
28 Total Sales
1 in Old Beach
$585,000 Price
-
Alyce Wright
Alyce Wright
Responds QuicklyLila Delman Compass
(401) 324-2551
62 Total Sales
1 in Old Beach
$3,337,500 Price
-
Arthur Chapman
Arthur Chapman
William Raveis Inspire
(401) 354-1842
65 Total Sales
2 in Old Beach
$775K - $810K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,500,000 | None Available | ||
| Rmr Associates | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $4,450,000 | ||
| Closed | -- | $3,975,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $3,500,000 | 0.0% | $480 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 04/01/2023 04/01/23 | For Sale | $3,500,000 | -- | $480 / Sq Ft |
Source: State-Wide MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,940 | $3,215,600 | $939,200 | $2,276,400 |
| 2024 | $26,432 | $3,215,600 | $440,000 | $2,775,600 |
| 2023 | $13,682 | $1,379,200 | $360,000 | $1,019,200 |
| 2022 | $13,254 | $1,379,200 | $360,000 | $1,019,200 |
| 2021 | $12,868 | $1,379,200 | $360,000 | $1,019,200 |
| 2020 | $14,234 | $1,384,600 | $801,500 | $583,100 |
| 2019 | $14,234 | $1,384,600 | $801,500 | $583,100 |
| 2018 | $13,832 | $1,384,600 | $801,500 | $583,100 |
| 2017 | $13,412 | $1,196,400 | $569,800 | $626,600 |
| 2016 | $13,077 | $1,196,400 | $569,800 | $626,600 |
| 2015 | $12,766 | $1,196,400 | $569,800 | $626,600 |
| 2014 | $13,768 | $1,141,600 | $495,500 | $646,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jane Johnson
Seller's Agent in 2023
Jane Johnson
New England Premier R.E.
(401) 864-4039
1 in this area
15 Total Sales
-
Steven Johnson
Seller Co-Listing Agent in 2023
Steven Johnson
New England Premier R.E.
(401) 864-4038
1 in this area
6 Total Sales
-
Eric Kirton
Buyer's Agent in 2023
Eric Kirton
Lila Delman Compass
(401) 743-2744
2 in this area
83 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1332540
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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