$908,000
SOLD APR 27, 2022
3 Beds
2.5 Baths
1,382 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$657 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Deck
  • Walking Distance to Water
  • 2-minute walk to Spencer Park

About This Home

As of April 2022

Charming Colonial situated just off Wellington Avenue with a short walk to the yacht clubs, Newport Harbor, Thames Street, and all that downtown Newport has to offer. Featuring broad hardwood floors throughout the home, there are 2 separate bedroom suites with baths, both on the second floor. The first floor features a great room with a fireplace, a flex room that can serve as a 3rd bedroom/den/home office/formal dining room, a well-appointed kitchen with ample cabinet space, and a half-bathroom with a full sized washer and dryer tucked neatly into a double closet. There is a large private deck off the great room and the kitchen, and ample off-street parking for 3 or more vehicles. Enjoy boating, kayaking, bike riding, strolling the shops and cafes, and dining in some of the finest restaurants in the Northeast. 1031 Exchangers take note, this property is a well sought-after investment generating $50,000-$60,000 per year. Whether you're looking for a solid investment, or a future seasonal or year-round residence, come see this home. You won't want to leave.

Last Agent to Sell the Property

John Tex

RI Real Estate Services License #RES.0032922 Listed on: 01/21/2022

RI Real Estate Services

Co-Listed By

Edward Johnson

RI Real Estate Services License #RES.0030876

Last Buyer's Agent

Kate Rooney

Gustave White Sotheby's Realty License #RES.0040083

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,623

Year Built

  • Built in 1986

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,382 Sq Ft Home
  • 2-Story Property
  • Zero Clearance Fireplace
  • Wood Flooring
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Wellington/Thames Subdivision

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 490
  • Assessor Parcel Number 8BOSSCTNEWP

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,623

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: RIRS
  • Co List Office Phone: 401-885-5400
  • Subdivision Name: Wellington/Thames
  • Above Grade Finished Sq Ft: 1382.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1986
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Zero Clearance
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 1382.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Clapboard, Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 8BOSSCTNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Annual Amount: 5623.0
  • Tax Lot: 490
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Oct 5, 2020
Sold by
Ranalli Alfredo
Bought by
Keenan John T and Keenan Mary E
Seller's Agent
Kelly Moran
William Raveis Inspire
Buyer's Agent
Kelly Moran
William Raveis Inspire
Sold Price
$2,600
Total Days on Market
15
Current Estimated Value
$1,077,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,074,589
Avg. Annual Appreciation
12.11%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

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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 $625,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $362,563 Stand Alone Refi Refinance Of Original Loan
Closed $500,000 New Conventional
Previous Owner $275,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $908,000 -8.7% $657 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $995,000 0.0% $720 / Sq Ft
10/29/2021 10/29/21 Rented $13,000 0.0% --
09/29/2021 09/29/21 Under Contract -- -- --
08/31/2021 08/31/21 For Rent $13,000 +364.3% --
08/25/2021 08/25/21 Rented $2,800 0.0% --
07/26/2021 07/26/21 Under Contract -- -- --
02/27/2021 02/27/21 For Rent $2,800 -76.7% --
12/22/2020 12/22/20 Rented $12,000 0.0% --
11/22/2020 11/22/20 Under Contract -- -- --
11/16/2020 11/16/20 For Rent $12,000 +361.5% --
11/12/2020 11/12/20 Rented $2,600 -7.1% --
10/13/2020 10/13/20 Under Contract -- -- --
10/09/2020 10/09/20 For Rent $2,800 0.0% --
10/08/2020 10/08/20 Sold $625,000 -5.3% $383 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $660,000 0.0% $404 / Sq Ft
08/18/2018 08/18/18 Rented $7,000 +150.0% --
07/19/2018 07/19/18 Under Contract -- -- --
05/09/2018 05/09/18 For Rent $2,800 -- --
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 $7,460 $907,500 $469,000 $438,500
2023 $5,979 $602,700 $306,600 $296,100
2022 $5,792 $602,700 $306,600 $296,100
2021 $5,623 $602,700 $306,600 $296,100
2020 $5,486 $533,700 $247,100 $286,600
2019 $5,486 $533,700 $247,100 $286,600
2018 $5,332 $533,700 $247,100 $286,600
2017 $5,190 $463,000 $176,800 $286,200
2016 $5,061 $463,000 $176,800 $286,200
2015 $4,940 $463,000 $176,800 $286,200
2014 $5,275 $437,400 $136,600 $300,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1301812

State-Wide MLS

APN: NEWP-000039-000000-000490