NOT LISTED FOR SALE

70 Burnside Ave Newport, RI 02840

Estimated Value: $856,660 - $990,000

4 Beds
2 Baths
1,720 Sq Ft
$544/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $875,000 $509 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,729/month

52 Days on Market

Highlights

  • Marina
  • Attic
  • Walking Distance to Water
  • Wood Flooring
  • Tennis Courts
  • Thermal Windows

About This Home

As of June 2022

This beautifully renovated two-family home is rented with month-to-month leases to family members. The rents are currently priced well under market. The home was originally built as a single family and could be converted back. Each unit has its own integral gas heating system, electric, and water meter, and washer/dryer. Second floor unit has Central A/C. There is parking for 3 cars and a spacious backyard. Located a short walk to restaurants, theaters, Newport Harbor, and Newport's Historic Point. A well established and consistent rental history would make this a fabulous investment or owner occupied residence.

Last Agent to Sell the Property

Anna Anton

William Raveis Inspire License #RES.0024735 Listed on: 05/05/2022

William Raveis Inspire

Last Buyer's Agent

Jason Brown

William Raveis Inspire

William Raveis Inspire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,282

Year Built

  • Built in 1890

Lot Details

  • 4,356

Home Design

  • Stone Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 1,720 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • 4,356 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 38
  • Assessor Parcel Number 70BURNSIDEAVNEWP

Community Details

Overview

  • 2 Units
  • Kerry Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,282

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Subdivision Name: Kerry Hill
  • Above Grade Finished Sq Ft: 1720.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Attic, Skylights, Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 70BURNSIDEAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4282.0
  • Tax Lot: 38
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
Mineker Eric and Mineker Dawn
Bought by
Maria Mgmt Llc
Total Days on Market
52
Current Estimated Value
$935,415

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 30, 2022
Sold by
Anton Robert W and Anton Braelyn R
Bought by
Mineker Eric and Minker Dawn
Seller's Agent
Anna Anton
William Raveis Inspire
Buyer's Agent
Jason Brown
William Raveis Inspire
List Price
$875,000
Sold Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%
Original Mortgage
$700,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2017
Sold by
Anton Robert W
Bought by
Anton Robert W and Anton-Braelyn Rose

Purchase Details

Closed on
Apr 1, 2010
Sold by
Nicholson Peggy E
Bought by
Anton Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Maria Mgmt Llc -- None Available
Mineker Eric $875,000 None Available
Anton Robert W -- --
Anton Robert W $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mineker Eric $700,000
Previous Owner Anton Robert W $384,750
Previous Owner Nicholson Peggy $273,165
Previous Owner Nicholson Peggy $279,837
Previous Owner Nicholson Peggy $120,000
Previous Owner Nicholson Peggy $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $875,000 0.0% $509 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $875,000 -- $509 / 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 $5,975 $726,900 $193,300 $533,600
2023 $4,553 $459,000 $125,300 $333,700
2022 $4,411 $459,000 $125,300 $333,700
2021 $4,282 $459,000 $125,300 $333,700
2020 $3,282 $319,300 $98,400 $220,900
2019 $3,282 $319,300 $98,400 $220,900
2018 $3,190 $319,300 $98,400 $220,900
2017 $3,019 $269,300 $75,700 $193,600
2016 $2,864 $262,000 $75,700 $186,300
2015 $2,796 $262,000 $75,700 $186,300
2014 $2,798 $232,000 $67,700 $164,300
Source: Public Records

Agents Affiliated with this Home

  • Anna Anton

    Seller's Agent in 2022

    Anna Anton

    William Raveis Inspire

    (401) 935-1862

    1 in this area

    17 Total Sales

    Anna Anton
    Section Image

  • J

    Buyer's Agent in 2022

    Jason Brown

    William Raveis Inspire

    (401) 846-3800

    3 in this area

    27 Total Sales

    Jason Brown
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1309185

State-Wide MLS

APN: NEWP-000018-000000-000038

Rhode Island Newport County Newport 02840

70 Burnside Ave, Newport, RI

This home is located at 70 Burnside Ave, Newport, RI 02840 since 05 May 2022 and is currently estimated at $935,415, approximately $543 per square foot. This property was built in 1890. 70 Burnside 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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