NOT LISTED FOR SALE

71 Prospect Hill St Unit 2 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $3,110,000 - $3,862,000

3 Beds
1 Bath
1,108 Sq Ft
$3,150/Sq Ft Est. Value

Highlights

  • Marina
  • No HOA
  • Porch
  • Wood Flooring
  • Walking Distance to Water
  • 3-minute walk to Touro Park

About This Home

As of October 2020

This spacious second floor apartment with three bedrooms, one bath, living room and eat-in kitchen is located in the heart of Newport in the Historic Hill neighborhood. Steps from Newport's famous Thames Street, enjoy walking to all that Newport has to offer...restaurants, shopping and much more! Includes two off-street parking spaces!

Last Agent to Rent the Property

Sharon Reynolds

New England Premier R.E. License #REB.0019865 Listed on: 10/07/2020

Last Renter's Agent

Jack McVicker

RE/MAX Profnl. Newport, Inc. License #RES.0030718

RE/MAX Profnl. Newport, Inc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $20,287

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced

Home Design

  • Entry on the 2nd floor
  • Shingle Siding
  • Plaster

Interior Spaces

  • 1,108 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater

Listing and Financial Details

  • Property Available on 10/7/20
  • 12 Month Lease Term
  • Assessor Parcel Number 71PROSPECTHILLST2NEWP

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Historic Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$20,287

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2020-10-07

Listing Details

  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.08
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 1108.0
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Two
  • Building Stories: 2
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Other
  • Interior Amenities: Tub Shower
  • Living Area: 1108.0
  • Stories: 2

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Shingle Siding
  • Exterior Features: Porch, Paved Driveway
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No
  • HOA Rent Includes: Parking
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 71PROSPECTHILLST2NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2025
Sold by
N2n Homes Llc
Bought by
Crosswinds Newport Llc
Current Estimated Value
$3,490,001

Purchase Details

Closed on
Oct 27, 2021
Sold by
Arndt Family Ret
Bought by
N2n Homes Llc

Purchase Details

Closed on
Jul 13, 2018
Sold by
Cousineau-Arndt Margaret
Bought by
Arndt Ft
Source: Public Records

Range of Values:

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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
Crosswinds Newport Llc $3,495,000 None Available
Crosswinds Newport Llc $3,495,000 None Available
N2n Homes Llc $825,000 None Available
N2n Homes Llc $825,000 None Available
Arndt Ft -- --
Arndt Ft -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 For Rent $1,200 0.0% --
10/07/2020 10/07/20 Rented $1,200 0.0% --
09/16/2020 09/16/20 For Rent $1,200 0.0% --
09/16/2020 09/16/20 Rented $1,200 -- --
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 $20,287 $2,334,800 $449,700 $1,885,100
2024 $8,728 $1,061,800 $449,700 $612,100
2023 $6,756 $681,000 $296,000 $385,000
2022 $6,133 $638,200 $296,000 $342,200
2021 $5,954 $638,200 $296,000 $342,200
2020 $5,545 $539,400 $281,300 $258,100
2019 $5,545 $539,400 $281,300 $258,100
2018 $5,389 $539,400 $281,300 $258,100
2017 $4,778 $426,200 $216,200 $210,000
2016 $4,658 $426,200 $216,200 $210,000
2015 $4,548 $426,200 $216,200 $210,000
2014 $4,383 $363,400 $169,000 $194,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1266814

State-Wide MLS

APN: NEWP-000027-000000-000058