205 Spring St

Newport, RI 02840

$1,750,000
Last Sold Price
5
Beds
3,812 Sq. Ft.
$459 / Sq. Ft.
3,812
Sq. Ft.
$459
per Sq. Ft.
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Closed 4/4/23Virtual Tour
Closed 4/4/23Virtual Tour

Description

Located a block from historic Thames Street, The Howland House Inn, circa 1765, offers an easy retreat from the busy shops and restaurants. The home features original wide plank pine floors and period characteristics blended with modern and comfortable amenities. Guests can choose from one of four signature suites, each offering a bedroom with a king-sized bed and a living area with pull-out beds for additional guests as well as splits for Air Conditioning and supplemental heat. One of the four suites...Located a block from historic Thames Street, The Howland House Inn, circa 1765, offers an easy retreat from the busy shops and restaurants. The home features original wide plank pine floors and period characteristics blended with modern and comfortable amenities. Guests can choose from one of four signature suites, each offering a bedroom with a king-sized bed and a living area with pull-out beds for additional guests as well as splits for Air Conditioning and supplemental heat. One of the four suites also offers a second bedroom, bath and full eat-in kitchen. The third floor is an unfinished attic with plenty of room to expand (architectural renderings of this space are available for review). A recipient of several awards, including The Most Eco-Friendly Guest House in America by European Standards and The Traveller Review Awards 2023, the Inn has a 9.6 rating. Its operations are located in the sunny lower level which includes a large service area, laundry facilities, storage and a bathroom. There is off-street parking for three vehicles. Owner has recently installed a full wet fire suppression system (painting of these water lines will be completed within the next few weeks). The Inn runs under a guest transient license. Bookings are secured well into 2023. Showings will be limited to qualified buyers and held during openings in the booking schedule.

Property Details for 205 Spring Street

Waterfront Features
Walk To Water
LISTING CLOSED: 04/04/2023 12:00 AM

Property Details for 205 Spring Street

StatusClosed
MLS #1329254
Days on Market2
Taxes$10,282 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1765
Lot Size0.06 AC / 2,614 SF
CountyNewport County
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Location

Sold By RE/MAX Profnl. Newport, Inc.

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Building Information for 205 Spring Street

Stories2Residences4Year Built1765Building Size-Lot Size0.06 AC / 2,614 SF

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$9,752 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,895

Property Taxes

$857

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 205 Spring Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • 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: $10,281.54
  • Tax Assessed Value: 713500
  • Tax Lot: 017
  • Tax Year: 2022
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Property
Lot Information
  • Above Grade Fin SQFT: 3812.0
  • Building Area Total: 3812.0
  • Frontage Length: 0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Area: 2614.0
  • Lot Size Square Feet: 2614.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 205SPRINGSTNEWP
  • Stories Total: 2
  • Structure Type: Apartment
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1765
  • C L I P: 2,141,106,472
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone
  • Security Features: Security System Leased
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Full, Finished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5
  • Cooling: One Unit
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Wood
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Attic, Bathtub, Permanent Attic Stairs, Stall Shower
  • Laundry Features: Common Area
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $129,203.73
Unit 1 Information
  • Actual Rent: $.00
  • Description: Apartment/Suite
  • Unit Type Area: 1030.8
  • Baths Total: 2
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 2 Information
  • Actual Rent: $.00
  • Description: Suite
  • Unit Type Area: 545.52
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $.00
  • Description: Suite
  • Unit Type Area: 502.23
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $.00
  • Description: Suite
  • Unit Type Area: 519.2
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • Land Lease Y N: No

Property History for 205 Spring Street

DateEvent & SourcePriceAppreciation
Apr 4, 2023

Sold (Public Record)

Public Record #1508749833

$1,750,000

+5.2% / yr

Apr 4, 2023

Sold

Rhode Island Association of REALTORS® #1329254

$1,750,000—
Feb 6, 2023

Permanently Off Market

STATEWIDEMLS #1328773

$1,900,000—
DateEvent & SourcePrice
04/04/2023

Sold (Public Record)

Public Record #1508749833

$1,750,000

+5.2% / yr

04/04/2023

Sold

Rhode Island Association of REALTORS® #1329254

$1,750,000
02/06/2023

Permanently Off Market

STATEWIDEMLS #1328773

$1,900,000

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

Public Records for 205 Spring Street

Taxable ValueLand$354,600Additions$1,397,400Total$1,752,000
Tax Record2025$15,223 ($1,269 / month)
Home Facts
Baths4Total Finished SqFt3,812 SqFtAbove Grade Finished SqFt3,812 SqFtStories3Lot Size2,566 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1992ZoningGBCountyNEWPORTAPNNEWP M:027 B:0017

Schools near 205 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.

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.