NOT LISTED FOR SALE

86 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $1,684,908

4 Beds
4 Baths
3,284 Sq Ft
$513/Sq Ft Est. Value

Last Sold February 15, 2018

Last sale price $935,000 $285 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $10,181/month

48 Days on Market

Highlights

  • Marina
  • Antique Architecture
  • 2 Fireplaces
  • Golf Course Community
  • Wood Flooring
  • 2-minute walk to Eisenhower Park

About This Home

As of February 2018

The Spring Seasons Inn, one of Newport's classic Bed and Breakfast's in the heart of Historic Hill boasts 3 master en-suites and a 2 bedroom owners apartment, high ceilings, stunning hardwood floors and off street parking for 5. Zoned in General Business, the options are endless. Build on the Inns flawless reputation and success or convert to a single family and live in grand mansion style in Historic Hill. This property can also be sold with the three family home adjacent to it - see MLS#1178503.

Last Agent to Sell the Property

Gordon King

Hogan Associates Christie's License #RES.0040040 Listed on: 11/28/2017

Co-Listed By

Caroline Richards

Hogan Associates Christie's License #RES.0035858

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,332

Year Built

  • Built in 1870

Lot Details

  • 3,485 Sq Ft Lot
  • Property is zoned GB

Home Design

  • Antique Architecture
  • Victorian Architecture
  • Combination Foundation
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 3,284 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 324
  • Assessor Parcel Number 86SPRINGSTNEWP

Community Details

Overview

  • Historic Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,332

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Co List Office Mls Id: HOGN02
  • Co List Office Phone: 401-680-6588
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 3284.0
  • Architectural Style: Historic/Antique, Victorian
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1870
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Living Area: 3284.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Shingle Siding
  • Exterior Features: Patio
  • Foundation Details: Combination
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 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: 3485.0
  • Parcel #: 86SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11332.0
  • Tax Lot: 324
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2019
Sold by
Shiv Newport Llc
Bought by
445 Broadway Llc
Current Estimated Value
$1,684,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,250
Outstanding Balance
$599,552
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$921,576

Purchase Details

Closed on
Sep 27, 2001
Sold by
Eagan Christine and Palmer Patrick
Bought by
Mergenthaler Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 1999
Sold by
Gates Kenneth M and Kintner Carol
Bought by
Egan Christine and Palmer Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.78%
Mortgage Type
Commercial
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
445 Broadway Llc $950,000 None Available
Mergenthaler Susan M $555,000 --
Mergenthaler Susan M $555,000 --
Egan Christine $365,000 --
Egan Christine $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 445 Broadway Llc $670,250
Previous Owner Shiv Newport Llc $701,250
Previous Owner Shiv Newport Llc $100,000
Previous Owner Egan Christine $367,000
Previous Owner Egan Christine $355,000
Previous Owner Egan Christine $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2018 02/15/18 Sold $935,000 -1.6% $285 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
11/28/2017 11/28/17 For Sale $950,000 -- $289 / 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 $12,217 $1,168,000 $381,100 $786,900
2023 $12,883 $865,800 $249,100 $616,700
2022 $12,476 $865,800 $249,100 $616,700
2021 $12,113 $865,800 $249,100 $616,700
2020 $15,364 $996,400 $220,400 $776,000
2019 $15,364 $996,400 $220,400 $776,000
2018 $14,926 $996,400 $220,400 $776,000
2017 $11,624 $747,500 $157,600 $589,900
2016 $11,332 $747,500 $157,600 $589,900
2015 $11,056 $747,500 $157,600 $589,900
2014 $11,012 $658,600 $134,000 $524,600
Source: Public Records

Agents Affiliated with this Home

  • Gordon King

    Seller's Agent in 2018

    Gordon King

    Hogan Associates Christie's

    (401) 924-1774

    3 in this area

    46 Total Sales

    Gordon King
    Section Image
  • Caroline Richards

    Seller Co-Listing Agent in 2018

    Caroline Richards

    Hogan Associates Christie's

    (617) 699-9774

    2 in this area

    49 Total Sales

    Caroline Richards
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2018

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    12 in this area

    141 Total Sales

    Alex Fraioli
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1178552

State-Wide MLS

APN: NEWP-000024-000000-000324

Rhode Island Newport County Newport 02840 Historic Hill

86 Spring St, Newport, RI

This home is located at 86 Spring St, Newport, RI 02840 since 28 November 2017 and is currently estimated at $1,684,908, approximately $513 per square foot. This property was built in 1870. 86 Spring St 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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