NOT LISTED FOR SALE

85 Mill St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,485,000 - $1,561,000

5 Beds
5 Baths
2,768 Sq Ft
$547/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2017

Last sale price $765,000 $276 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $8,841 / mo

38 Days on Market

Highlights

  • Marina
  • Tennis Courts
  • Window Unit Cooling System
  • Wood Flooring
  • Walking Distance to Water
  • 2-minute walk to Touro Park

About This Home

As of September 2017

Located in the heart of the Hill this 3 unit home is just a short stroll to the harbor and downtown. With tall ceilings and and abundant windows the units are extremely bright and airy. Combined with period detail,hardwood floors and updated kitchens and baths the space is extremely comfortable. Updated utilities, outdoor space and off street parking for 1 complete the package

Last Agent to Sell the Property

Eric Kirton

Lila Delman Compass License #REB.0018697 Listed on: 07/22/2017

Last Buyer's Agent

Christopher Palmer

Teri Degnan RE & Consulting License #RES.0041669

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,031

Year Built

  • Built in 1890

Lot Details

  • 2,815

Parking

  • No Garage

Home Design

  • Shingle Siding
  • Plaster

Interior Spaces

  • 2,768 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms
  • Bathtub with Shower

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 2,815 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 315
  • Assessor Parcel Number 85MillSTNEWP

Community Details

Overview

  • 4 Units
  • Hill/Historic Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,031

Year Built

Built in 1890

Lot Details

2,815 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: Hill/Historic
  • Above Grade Finished Sq Ft: 2768.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2815.0
  • Parcel #: 85MillSTNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 7031.0
  • Tax Lot: 315
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2017
Closed on
Sep 29, 2017
Sold by
Bought by
Seller's Agent
Eric Kirton
Lila Delman Compass
Buyer's Agent
Christopher Palmer
Teri Degnan RE & Consulting
List Price
$785,000
Sold Price
$765,000
Premium/Discount to List
-$20,000
-2.55%
Current Estimated Value
$1,514,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,315
Avg. Annual Appreciation
8.14%
Original Mortgage
$573,750
Outstanding Balance
$480,140
Interest Rate
3.89%
Mortgage Type
Commercial
Estimated Equity
$1,034,175

Purchase Details

Closed on
Dec 16, 1985
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$765,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $573,750
Previous Owner $420,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $765,000 -2.5% $276 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
07/22/2017 07/22/17 For Sale $785,000 -- $284 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,941 $913,900 $507,800 $406,100
2024 $7,512 $913,900 $507,800 $406,100
2023 $5,734 $578,000 $289,400 $288,600
2022 $5,555 $578,000 $289,400 $288,600
2021 $5,393 $578,000 $289,400 $288,600
2020 $5,646 $549,200 $279,900 $269,300
2019 $8,149 $528,500 $279,900 $248,600
2018 $7,917 $528,500 $279,900 $248,600
2017 $7,212 $463,800 $215,200 $248,600
2016 $7,031 $463,800 $215,200 $248,600
2015 $6,860 $463,800 $215,200 $248,600
2014 $7,059 $422,200 $164,300 $257,900
Source: Public Records

Agents Affiliated with this Home

  • Eric Kirton

    Seller's Agent in 2017

    Eric Kirton

    Lila Delman Compass

    (401) 743-2744

    3 in this area

    79 Total Sales

    Eric Kirton
    Section Image
  • Christopher Palmer

    Buyer's Agent in 2017

    Christopher Palmer

    Teri Degnan RE & Consulting

    (401) 862-7378

    10 Total Sales

    Christopher Palmer
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1168781

State-Wide MLS

APN: NEWP-000024-000000-000315

Rhode Island Newport County Newport 02840 Historic Hill

85 Mill St, Newport, RI

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