$740,000
SOLD JUN 14, 2024

7 Sheffield Ave Newport, RI 02840

-- Bed
-- Bath
2,064 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$359 Per Sq Ft

7% Below List Price

1 Day on Market

Highlights

  • Deck
  • Window Unit Cooling System
  • Baseboard Heating
  • Wood Flooring
  • Bathtub with Shower
  • 3-minute walk to Coggeshall Park

About This Home

As of June 2024

Entered for informational purposes only, Property under contract.

Last Agent to Sell the Property

RUSSELL CARLONE

RE/MAX Results Brokerage Phone: 401-921-5011 License #RES.0016646 Listed on: 04/16/2024

RE/MAX Results

Last Buyer's Agent

RUSSELL CARLONE

RE/MAX Results Brokerage Phone: 401-921-5011 License #RES.0016646 Listed on: 04/16/2024

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,600

Year Built

  • Built in 1850

Parking

  • No Garage

Home Design

  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • Bathtub with Shower
  • 2,064 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Laundry in unit
  • Wood Flooring

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service

Additional Features

  • Deck
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 111
  • Assessor Parcel Number 7SHEFFIELDAVNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,600

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Above Grade Finished Sq Ft: 2064.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1850
  • Attribution Contact: 401-921-5011
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 7SHEFFIELDAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4600.0
  • Tax Lot: 111
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Jun 14, 2024
Sold by
Frederick Louis R and Frederick Mereidth V
Bought by
Bella Bee Estates Llc
Seller's Agent
RUSSELL CARLONE
RE/MAX Results
Buyer's Agent
RUSSELL CARLONE
RE/MAX Results
List Price
$799,900
Sold Price
$740,000
Premium/Discount to List
-$59,900
-7.49%
Total Days on Market
1
Views
1
Current Estimated Value
$751,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,652
Avg. Annual Appreciation
2.06%
Original Mortgage
$796,450
Outstanding Balance
$792,643
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$37,991

Purchase Details

Closed on
Jun 26, 1985
Bought by
Frederick Louis R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $740,000 None Available
Warranty Deed $740,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $796,450 Purchase Money Mortgage
Closed $796,450 Purchase Money Mortgage
Previous Owner $93,000 No Value Available
Previous Owner $102,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $740,000 -7.5% $359 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $799,900 -- $388 / 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 $3,843 $467,500 $198,400 $269,100
2023 $2,939 $296,300 $128,600 $167,700
2022 $2,847 $296,300 $128,600 $167,700
2021 $2,764 $296,300 $128,600 $167,700
2020 $2,722 $264,800 $98,700 $166,100
2019 $2,722 $264,800 $98,700 $166,100
2018 $2,645 $264,800 $98,700 $166,100
2017 $2,483 $221,500 $75,900 $145,600
2016 $2,421 $221,500 $75,900 $145,600
2015 $2,363 $221,500 $75,900 $145,600
2014 $2,482 $205,800 $68,000 $137,800
Source: Public Records

Agents Affiliated with this Home

  • RUSSELL CARLONE

    Seller's Agent in 2024

    RUSSELL CARLONE

    RE/MAX Results

    4 in this area

    31 Total Sales

    RUSSELL CARLONE
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Map

Source: State-Wide MLS

MLS Number: 1357057

State-Wide MLS

APN: NEWP-000010-000000-000111

Rhode Island Newport County Newport 02840

7 Sheffield Ave, Newport, RI

This home is located at 7 Sheffield Ave, Newport, RI 02840 and is currently priced at $740,000, approximately $358 per square foot. This property was built in 1850. 7 Sheffield Ave is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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