NOT LISTED FOR SALE

Estimated Value: $922,538 - $1,166,000

3 Beds
3 Baths
2,000 Sq Ft
$504/Sq Ft Est. Value

Highlights

  • Marina
  • Wood Flooring
  • No HOA
  • Active Adult
  • Furnished
  • 3-minute walk to Eisenhower Park

About This Home

As of August 2024

Winter Rental: Available September 3rd, 2024. Charming 3-bedroom, 3-bathroom residence located on the desirable Spring Street in Newport, RI, offers an exquisite blend of modern living and prime location. This fully furnished home boasts an updated interior with a sleek, contemporary design, ensuring comfort and style. Notably, the property features a convenient washer/dryer in basement and is equipped with efficient forced hot water heating powered by gas. While utilities are separate, the rental includes a special offer of $50/month for pets for winter tenants, ensuring your furry friends are welcome. Situated in the heart of Newport, tenants will enjoy immediate access to the city's vibrant bars and restaurants, making it an ideal choice for Navy members or those seeking a flexible rental option off-season. Although there is no dedicated parking, ample street parking is available with overnight options and additional parking on neighboring streets. This residence not only offers a prime location and luxurious amenities but also the unique charm of living in one of Newport's most sought-after areas, complete with pet-friendly accommodations.

Last Agent to Rent the Property

John Long

HomeSmart Professionals Brokerage Phone: 401-921-5011 License #RES.0041079 Listed on: 02/16/2024

HomeSmart Professionals

Last Renter's Agent

John Long

HomeSmart Professionals Brokerage Phone: 401-921-5011 License #RES.0041079 Listed on: 02/16/2024

HomeSmart Professionals

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,633

Year Built

  • Built in 1900

Lot Details

  • 2,309

Parking

  • No Garage

Home Design

  • Entry on the 1st floor
  • Clapboard

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Property Available on 9/3/24
  • Tenant pays for hot water
  • Assessor Parcel Number 8SPRINGSTNEWP

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 2 Units
  • Off Broadway Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,633

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Lease Term: None
  • Tenant Pays: Hot Water
  • Available Date: 2024-09-03
  • Security Deposit: 2750.0

Listing Details

  • Prop. Type: Residential Lease
  • Inclusions: This is a Winter Rental available in Fall 2024 // 9/3/24 - 5/22/25 There is no parking for this unit.
  • Subdivision Name: Off-Broadway
  • Above Grade Finished Sq Ft: 2000.0
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Apartment
  • Year Built: 1900
  • Attribution Contact: 401-921-5011
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Has Basement: Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: First Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Living Area: 2000.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: Yes
  • HOA Rent Includes: Sewer
  • Amenities: Restaurant
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 8SPRINGSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2018
Sold by
Dipaola Michael
Bought by
Sillari Charles J
Current Estimated Value
$1,007,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,250
Outstanding Balance
$404,075
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$603,060
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sillari Charles J $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sillari Charles J $466,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Rented $2,750 0.0% --
07/01/2024 07/01/24 Under Contract -- -- --
02/16/2024 02/16/24 For Rent $2,750 -- --
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 $6,633 $763,400 $347,000 $416,400
2024 $6,275 $763,400 $347,000 $416,400
2023 $4,922 $496,200 $226,800 $269,400
2022 $4,768 $496,200 $226,800 $269,400
2021 $4,630 $496,200 $226,800 $269,400
2020 $4,580 $445,500 $217,600 $227,900
2019 $4,580 $445,500 $217,600 $227,900
2018 $3,662 $366,600 $217,600 $149,000
2017 $3,048 $271,900 $155,700 $116,200
2016 $2,972 $271,900 $155,700 $116,200
2015 $2,901 $271,900 $155,700 $116,200
2014 $2,933 $243,200 $132,300 $110,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1353003

State-Wide MLS

APN: NEWP-000021-000000-000216