NOT LISTED FOR SALE

8 Kilburn Ct Newport, RI 02840

Estimated Value: $666,000 - $761,000

2 Beds
2 Baths
1,903 Sq Ft
$382/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $501,000 $263 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,266/month

20 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Public Transportation
  • Golf Course Community
  • Tennis Courts
  • 2-minute walk to Congdon Parks

About This Home

As of July 2021

Here's your opportunity to own a turn key 2-family with consistent rental history. Located directly off of bustling Broadway and just steps from all your favorite local shops and restaurants, 8 Kilburn Court consists of two separate one bedroom, one bathroom apartments. Both units have their own washer and dryer. The apartments are in great shape and the home has plenty of life left on the roof, windows and heating system. The property abuts the old Foley garage and offers a very metropolitan vibe; with a private, hardscaped backyard area that has the opportunity for creative outdoor potential. Unit 1 is on a month-to-month lease, offering the chance for owner occupancy. Unit 2 is leased through end of May 2022. Rents are currently competitive and current but they are slightly under market for one bedroom units.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 05/19/2021

RE/MAX Results

Last Buyer's Agent

Beth DeSista

Residential Properties Ltd. License #RES.0045307

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,992

Year Built

  • Built in 1890

Lot Details

  • 940

Parking

  • No Garage

Home Design

  • 1,903 Sq Ft Home
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

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

Additional Features

  • 940 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number 8KILBURNCTNEWP

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • 2 Units
  • Operating Expense $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,992

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0216
  • Above Grade Finished Sq Ft: 1903.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1890
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oil Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 940.0
  • Parcel #: 8KILBURNCTNEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 2500.0

Tax Info

  • Tax Annual Amount: 2992.5
  • Tax Lot: 002
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 9, 2021
Sold by
Zurn Alexander G
Bought by
Macgregor Alexander
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Beth DeSista
Residential Properties Ltd.
List Price
$475,000
Sold Price
$501,000
Premium/Discount to List
$26,000
5.47%
Current Estimated Value
$726,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,089
Avg. Annual Appreciation
9.45%
Original Mortgage
$400,800
Outstanding Balance
$367,582
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$358,507

Purchase Details

Listed on
Mar 10, 2017
Closed on
Jul 6, 2017
Sold by
Dimatteo Michael J and Rei Steven
Bought by
Zurn Alexander G
Seller's Agent
Steven Rei
RI Real Estate Services
Buyer's Agent
John Silvia
RE/MAX Profnl. Newport, Inc.
List Price
$269,000
Sold Price
$270,000
Premium/Discount to List
$1,000
0.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.67%
Original Mortgage
$265,109
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2014
Sold by
Coastal Property Dev L
Bought by
Dimatteo Michael J and Rei Steven

Purchase Details

Closed on
Aug 17, 2007
Sold by
Kilburn Mfm Llc
Bought by
Rei Steven and Dimatteo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 1999
Sold by
Reavis Richard O and Reavis Hillary
Bought by
Moniz Mary F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,100
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1996
Sold by
Bank Of Newport
Bought by
Reavis Richard O and Reavis Hillary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Macgregor Alexander $501,000 None Available
Zurn Alexander G $270,000 --
Dimatteo Michael J -- --
Rei Steven $230,000 --
Moniz Mary F $69,500 --
Reavis Richard O $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macgregor Alexander $400,800
Previous Owner Zurn Alexander G $265,109
Previous Owner Zurn Alexander G $9,450
Previous Owner Zurn Alexander G $7,500
Previous Owner Reavis Richard O $172,500
Previous Owner Reavis Richard O $200,000
Previous Owner Reavis Richard O $52,100
Previous Owner Reavis Richard O $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $501,000 +5.5% $263 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $475,000 0.0% $250 / Sq Ft
01/27/2018 01/27/18 Rented $1,363 +4.8% --
12/28/2017 12/28/17 Under Contract -- -- --
12/06/2017 12/06/17 For Rent $1,300 0.0% --
07/07/2017 07/07/17 Sold $270,000 +0.4% $196 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $269,000 -- $196 / 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 $3,725 $453,200 $145,500 $307,700
2023 $2,888 $291,100 $94,400 $196,700
2022 $2,797 $291,100 $94,400 $196,700
2021 $2,716 $291,100 $94,400 $196,700
2020 $2,314 $225,100 $89,100 $136,000
2019 $2,314 $225,100 $89,100 $136,000
2018 $2,249 $225,100 $89,100 $136,000
2017 $2,105 $187,800 $68,600 $119,200
2016 $2,053 $187,800 $68,600 $119,200
2015 $2,004 $187,800 $68,600 $119,200
2014 $2,282 $189,200 $90,200 $99,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2021

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    61 in this area

    700 Total Sales

    Section Image
  • Beth DeSista

    Buyer's Agent in 2021

    Beth DeSista

    Residential Properties Ltd.

    (401) 486-8397

    2 in this area

    84 Total Sales

    Section Image

  • K

    Buyer's Agent in 2018

    Katherine Goss

    BHHS Commonwealth Real Estate

    (401) 699-6160

    10 Total Sales

    Section Image
  • Steven Rei

    Seller's Agent in 2017

    Steven Rei

    RI Real Estate Services

    (401) 932-5507

    60 Total Sales

    Section Image
  • John Silvia

    Buyer's Agent in 2017

    John Silvia

    RE/MAX Profnl. Newport, Inc.

    3 in this area

    23 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1282693

State-Wide MLS

APN: NEWP-000021-000000-000002

Rhode Island Newport County Newport 02840

8 Kilburn Ct, Newport, RI

This home is located at 8 Kilburn Ct, Newport, RI 02840 since 19 May 2021 and is currently estimated at $726,089, approximately $381 per square foot. This property was built in 1890. 8 Kilburn Ct is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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