86 Spring St Newport, RI 02840
Historic Hill NeighborhoodEstimated Value: $1,521,128
4
Beds
4
Baths
3,284
Sq Ft
$463/Sq Ft
Est. Value
Highlights
- Marina
- Antique Architecture
- 2 Fireplaces
- Golf Course Community
- Wood Flooring
- 2-minute walk to Eisenhower Park
About This Home
As of February 2018The 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
Hogan Associates Christie's License #RES.0040040 Listed on: 11/28/2017
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
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
Total Days on Market
48
Current Estimated Value
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
$934,615
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
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
47 Total Sales
-
Caroline Richards
Seller Co-Listing Agent in 2018
Caroline Richards
Hogan Associates Christie's
(617) 699-9774
2 in this area
47 Total Sales
-
Alex Fraioli
Buyer's Agent in 2018
Alex Fraioli
Edge Realty RI
(401) 255-9109
11 in this area
146 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1178552
APN: NEWP-000024-000000-000324
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