NOT LISTED FOR SALE

8 Ledyard St Newport, RI 02840

Estimated Value: $671,000 - $1,217,000

8 Beds
3 Baths
5,206 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $699,000 $134 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,754/month

110 Days on Market

Highlights

  • Wood Flooring
  • Shops
  • Baseboard Heating
  • Public Transportation
  • Property near a hospital
  • Fenced

About This Home

As of October 2021

Investment property with uninterrupted lease history located in Newport, just off Broadway. Large 3 bedroom units on first and second floor, and one 2-3 bedroom on third floor. Off street parking, large basement for storage, easy maintenance vinyl exterior, and low expenses make this three family worth taking a look. All utilities are separate and heating is efficient natural gas. Laundry located in units 2 and 3 and easy basement access to laundry for first floor. Walk to downtown and close to bus line.
All offers must be received by 4pm May 31, 2021

Last Agent to Sell the Property

Patrick McGrath

First Resort, LLC License #REC.0018932 Listed on: 05/24/2021

Last Buyer's Agent

Patrick McGrath

First Resort, LLC License #REC.0018932 Listed on: 05/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,345

Year Built

  • Built in 1900

Lot Details

  • 4,740 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 5,206 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 198
  • Assessor Parcel Number 8LEDYARDSTNEWP

Community Details

Amenities

  • Shops
  • Public Transportation

Additional Features

  • 3 Units
  • Operating Expense $20,691

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,345

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1088
  • Above Grade Finished Sq Ft: 5206.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Bathtub, Cable TV
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4740.0
  • Parcel #: 8LEDYARDSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 20691.0

Tax Info

  • Tax Annual Amount: 5345.0
  • Tax Lot: 198
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Oct 12, 2021
Sold by
Suzanne C Gibson Irt
Bought by
Canning-Pitassi Nicole
Seller's Agent
Patrick McGrath
First Resort, LLC
Buyer's Agent
Patrick McGrath
First Resort, LLC
List Price
$499,000
Sold Price
$699,000
Premium/Discount to List
$200,000
40.08%
Total Days on Market
110
Current Estimated Value
$930,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,985
Avg. Annual Appreciation
11.32%
Original Mortgage
$640,109
Outstanding Balance
$595,001
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$438,903

Purchase Details

Closed on
Nov 6, 2019
Sold by
Gibson Suzanne C
Bought by
Suzanne C Gibson Irt
Source: Public Records

Range of Values:

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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
Canning-Pitassi Nicole $699,000 None Available
Suzanne C Gibson Irt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canning-Pitassi Nicole $173,600
Open Canning-Pitassi Nicole $640,109
Previous Owner Gibson Suzanne C $170,000
Previous Owner Gibson Peter D $100,000
Previous Owner Gibson Peter D $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $699,000 +40.1% $134 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $499,000 -- $96 / 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 $6,574 $799,700 $217,400 $582,300
2023 $5,166 $520,800 $153,600 $367,200
2022 $5,005 $520,800 $153,600 $367,200
2021 $4,859 $520,800 $153,600 $367,200
2020 $4,093 $398,200 $129,700 $268,500
2019 $4,093 $398,200 $129,700 $268,500
2018 $3,978 $398,200 $129,700 $268,500
2017 $4,307 $384,200 $99,700 $284,500
2016 $4,199 $384,200 $99,700 $284,500
2015 $4,099 $384,200 $99,700 $284,500
2014 $4,061 $336,700 $99,700 $237,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Patrick McGrath

    First Resort, LLC

    (401) 640-1766

    1 in this area

    5 Total Sales

    Patrick McGrath
    Section Image

  • E

    Buyer Co-Listing Agent in 2021

    Elmehdi Mechtaly

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1283648

State-Wide MLS

APN: NEWP-000006-000000-000198

Rhode Island Newport County Newport 02840

8 Ledyard St, Newport, RI

This home is located at 8 Ledyard St, Newport, RI 02840 since 24 May 2021 and is currently estimated at $930,985, approximately $178 per square foot. This property was built in 1900. 8 Ledyard St 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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