118 Spring St

Newport, RI 02840

$660,000
Last Sold Price
10
Beds
4,385 Sq. Ft.
$151 / Sq. Ft.
4,385
Sq. Ft.
$151
per Sq. Ft.
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Closed 11/17/17
Closed 11/17/17

Description

Opportunity Awaits at 118-122 Spring St. on Historic Hill in Newport. This 4 Family Investment Property has Stellar Rental History and is Located in the Center of Downtown. Plenty of Character & History and is located in the center of Downtown. 2 Outdoor Areas. All Heating Systems have been replaced within 7 Years. Separate Utilities. Newly Painted. Fire Systems up to code. Air B&B Potential and Seasonal Rental Opportunity.Opportunity Awaits at 118-122 Spring St. on Historic Hill in Newport. This 4 Family Investment Property has Stellar Rental History and is Located in the Center of Downtown. Plenty of Character & History and is located in the center of Downtown. 2 Outdoor Areas. All Heating Systems have been replaced within 7 Years. Separate Utilities. Newly Painted. Fire Systems up to code. Air B&B Potential and Seasonal Rental Opportunity.
  1. Listed by Kyle Luderer • Brokerage DRE #REB.0016699 • KELLER WILLIAMS RLTY NEWPORT
    P: (401)-338-3088 kluderer@gmail.com

Property Details for 118 Spring Street

Subdivision Name
Historic Hill
Waterfront Features
Walk To Water
LISTING CLOSED: 11/17/2017 12:00 AM

Property Details for 118 Spring Street

StatusClosed
MLS #1171105
Days on Market5
Taxes$6,707 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1850
Lot Size0.07 AC / 2,836 SF
CountyNewport County
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Location

Listing Courtesy of KELLER WILLIAMS RLTY NEWPORT

Sold By KELLER WILLIAMS RLTY NEWPORT

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Building Information for 118 Spring Street

Stories3Residences4Year Built1850Building Size-Lot Size0.07 AC / 2,836 SF

Payment Calculator

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$3,914 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,355

Property Taxes

$559

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 118 Spring Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Marina, Recreation Area, Shopping, Tennis Courts, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 6818
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $6,707.00
  • Tax Assessed Value: 442400
  • Tax Lot: 143
  • Tax Year: 2016
Property
Lot Information
  • Above Grade Fin SQFT: 4385.0
  • Building Area Total: 4385.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0651
  • Lot Size Area: 2836.0
  • Lot Size Square Feet: 2836.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 118122Spring STNEWP
  • Stories Total: 3
Property and Assessments
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1850
  • C L I P: 2,331,451,543
Utilities
  • Electric: Amps200Or More, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio
  • Foundation Details: Combination
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Partial, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 10
  • Cooling: One Unit
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Heating: Baseboard, Gas, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Stall Shower, Tub Shower
  • Laundry Features: Common Area
  • Patio And Porch Features: Patio
  • Rooms Total: 18
Multi Family
Income & Expenses Information
  • Operating Expense: $35,750.00
Unit 1 Information
  • Actual Rent: $1,224.00
  • Description: Unit 122B - Spacious 2 Levels 3 BR/ 1 BA ~ 1350
  • Unit Type Area: 1350.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $816.00
  • Description: Unit 122A - Spacious 1 BR / 1 BA w/ Fenced Outdoor Space ~1000 s.f.
  • Unit Type Area: 1000.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,635.00
  • Description: Unit 120 - 2 Levels 4 BR / 2 BA ~1350 s.f.
  • Unit Type Area: 1350.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,035.00
  • Description: Unit 118 - 2 BR / BA & Fenced Yard ~ 900 s.f.
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 118 Spring Street

DateEvent & SourcePriceAppreciation
Nov 17, 2017

Sold

Rhode Island Association of REALTORS® #1171105

$660,000—
Aug 23, 2017

Contract Signed

Rhode Island Association of REALTORS® #1171105

—
Aug 18, 2017

Listed (Active)

Rhode Island Association of REALTORS® #1171105

$599,000—
DateEvent & SourcePrice
11/17/2017

Sold

Rhode Island Association of REALTORS® #1171105

$660,000
08/23/2017

Contract Signed

Rhode Island Association of REALTORS® #1171105

—
08/18/2017

Listed (Active)

Rhode Island Association of REALTORS® #1171105

$599,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 118 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Frank E. Thompson Middle School
Public - 5 to 8
Rogers High School
Public - 9 to 12
Newport Area Career Tech Center
Public - 9 to 12
Pell Elementary School
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of KELLER WILLIAMS RLTY NEWPORT

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.