Sold
Last Sold Price
7 beds4,327 sqft

342 Spring St, Newport, RI 02840

Multi FamilyProperty Type
0.05 acresLot Size
1900Year Built
$196/sq ftPrice per sq ft

Description

Great investment or owner occupied opportunity! Large 3 family home centrally located in downtown Newport. This home has strong rental history, water views, a fenced yard, tons of natural light, CENTRAL A/C, gas heat, and much more!Great investment or owner occupied opportunity! Large 3 family home centrally located in downtown Newport. This home has strong rental history, water views, a fenced yard, tons of natural light, CENTRAL A/C, gas heat, and much more!
  • Listed by: Sean Lawrence 401.924.3327 seansellsnewport@gmail.com Brokerage DRE #REC.0016995 • HomeSmart Professionals
Listing closed: 11/12/2020 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1264513
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Location

Listing Courtesy of HomeSmart Professionals

Sold By RE/MAX Profnl. Newport, Inc.

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Payment Calculator

$4,927 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,538

Property Taxes

$389

HOA Dues

$0

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Property Information for 342 Spring Street

Property Details

  • Taxes: $4,670 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: Downtown
  • Waterfront Features: Walk To Water
  • View: Saltwater, Water

Building Information

  • Stories: 3
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.05 AC / 2,178 SF

Summary

Location and General Information
  • City: Newport
  • Community Features: Marina, Shopping, Tennis Courts, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • View Y N: Yes
  • Zoning: R10
  • 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: $4,670.00
  • Tax Assessed Value: 460800
  • Tax Lot: 37
  • Tax Year: 2019

Property

Lot Information
  • Above Grade Fin SQFT: 4327.0
  • Building Area Total: 4327.0
  • Frontage Length: 0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.05
  • Lot Size Area: 2178.0
  • Lot Size Square Feet: 2178.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 342SPRINGSTNEWP
  • Stories Total: 3
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 4,691,535,851
Utilities
  • Electric: Amps100
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Interior and Exterior Features

Exterior Features
  • Fencing: Fenced
  • Foundation Details: See Remarks
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Hardwood
  • Heating: Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: In Unit
  • Rooms Total: 19

Multi Family

Income & Expenses Information
  • Operating Expense: $1,200.00
Unit 1 Information
  • Actual Rent: $1,100.00
  • Unit Type Area: 704.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,700.00
  • Unit Type Area: 1155.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,650.00
  • Unit Type Area: 1155.0
  • Baths Total: 2
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 0

Rental

Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 342 Spring Street

DateEvent & SourcePriceAppreciation
Nov 12, 2020

Sold (Public Record)

Public Record #684075270

$850,000

+6.4% / yr

Nov 12, 2020

Sold

Rhode Island Association of REALTORS® #1264513

$850,000—
Nov 5, 2020

Contract Signed

Rhode Island Association of REALTORS® #1264513

—
DateEvent & SourcePrice
11/12/2020

Sold (Public Record)

Public Record #684075270

$850,000

+6.4% / yr

11/12/2020

Sold

Rhode Island Association of REALTORS® #1264513

$850,000
11/05/2020

Contract Signed

Rhode Island Association of REALTORS® #1264513

—

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

Public Records for 342 Spring Street

Taxable Value

Land

$345,000

Additions

$825,200
Total$1,170,200

Tax Record

2025

$8,402 ($700 / month)

Home Facts

Baths

3

Total Finished SqFt

2,662 SqFt

Above Grade Finished SqFt

2,662 SqFt

Stories

3

Lot Size

2,222 SqFt

Style

Triplex

Year Built

1900

Year Renovated

2010

Zoning

R10

County

NEWPORT

APN

NEWP M:032 B:0037

Schools near 342 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pell Elementary School
PublicPK to 4

Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 342 Spring Street, Newport, RI 02840
$850,000
7
4,327
2,178
$255,000
4
1,360
1,512
$137,000
–
3.5
3,025
2,923
$137,000
7
3,688
2,923
–
3
2
2,484
2,688
$1
2
935
–

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 HomeSmart Professionals

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.