575 Spring St

Newport, RI 02840

$640,000
Last Sold Price
5
Beds
5,424 Sq. Ft.
$118 / Sq. Ft.
5,424
Sq. Ft.
$118
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 9/23/20Virtual Tour
Closed 9/23/20Virtual Tour

Description

Located on a large corner lot directly across from Morton Park, this two-unit multi-family property is waiting for your cosmetic updates. Owned and maintained by the same family for over 45 years, this home is bursting with potential. Plenty of living space in both apartments with each unit boasting their own private deck overlooking Spring Street and all separate utilities. There’s also the opportunity to finish the large attic space as well. Vinyl siding, windows and the roof are all in...Located on a large corner lot directly across from Morton Park, this two-unit multi-family property is waiting for your cosmetic updates. Owned and maintained by the same family for over 45 years, this home is bursting with potential. Plenty of living space in both apartments with each unit boasting their own private deck overlooking Spring Street and all separate utilities. There’s also the opportunity to finish the large attic space as well. Vinyl siding, windows and the roof are all in great shape. Both furnaces are ten years old or younger and a Generac generator services both apartments in the event that they lose power. Off-street parking in the driveway for up to four cars and a manageable yard space surrounded by hedges for privacy. Bike to the beach, spend time relaxing in Morton Park or walk just a few minutes downtown to everything that Newport has to offer! Subject to seller finding suitable housing.
  1. Listed by Fitzpatrick Team • Brokerage DRE #REB.0010327 • RE/MAX Profnl. Newport, Inc.
    P: (401)-848-7827 justinek@remaxnewportri.com

Property Details for 575 Spring Street

Subdivision Name
Fifth Ward
LISTING CLOSED: 09/23/2020 12:00 AM

Property Details for 575 Spring Street

StatusClosed
MLS #1258114
Days on Market65
Taxes$5,683 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1912
Lot Size0.10 AC / 4,215 SF
CountyNewport County
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Location

Listing Courtesy of RE/MAX Profnl. Newport, Inc.

Sold By Hogan Associates

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Building Information for 575 Spring Street

Stories2Residences2Year Built1912Building Size-Lot Size0.10 AC / 4,215 SF

Payment Calculator

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$3,727 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,253

Property Taxes

$474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 575 Spring Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 6846
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 4
Taxes and HOA Information
  • Tax Annual Amount: $5,683.00
  • Tax Assessed Value: 552800
  • Tax Lot: 229
  • Tax Year: 2020
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Property
Lot Information
  • Above Grade Fin SQFT: 5424.0
  • Building Area Total: 5424.0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.0968
  • Lot Size Area: 4215.0
  • Lot Size Square Feet: 4215.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 575577SPRINGSTNEWP
  • Stories Total: 2
Property and Assessments
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1912
  • C L I P: 8,519,827,162
Utilities
  • Electric: Circuit Breakers, Generator
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected, Multiple Meters, Public
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Enhanced Accessible, Low Pile Carpet, Accessible Approach With Ramp, Accessible Doors, Accessible Hallways
  • Exterior Features: Deck, Porch, Paved Driveway
  • Fencing: Fenced
Interior Features
  • Appliances: Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 5
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Heating: Hot Water, Individual, Oil
  • Heating Y N: Yes
  • Interior Features: Attic, Permanent Attic Stairs, Skylights, Stall Shower, Cable Tv
  • Patio And Porch Features: Deck, Porch
  • Rooms Total: 11
  • Window Features: Skylights, Thermal Windows
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $.00
  • Occupant Type: Vacant
  • Unit Type Area: 1232.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $.00
  • Occupant Type: Owner
  • Unit Type Area: 1232.0
  • 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 575 Spring Street

DateEvent & SourcePriceAppreciation
Sep 23, 2020

Sold

Rhode Island Association of REALTORS® #1258114

$640,000—
Sep 10, 2020

Contract Signed

Rhode Island Association of REALTORS® #1258114

—
Jul 7, 2020

Listed (Active)

Rhode Island Association of REALTORS® #1258114

$649,000—
DateEvent & SourcePrice
09/23/2020

Sold

Rhode Island Association of REALTORS® #1258114

$640,000
09/10/2020

Contract Signed

Rhode Island Association of REALTORS® #1258114

—
07/07/2020

Listed (Active)

Rhode Island Association of REALTORS® #1258114

$649,000

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

Schools near 575 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Pell Elementary School
Public - PK to 4
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
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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot AC
575 Spring Street, Unit 577, Newport, RI 02840
$640,000
–
2
2,446
0.10
573 Spring Street, Newport, RI 02840
$1,050,000
4
2,440
0.09
271273 Spring Street, Newport, RI 02840
$125,000
11
5,276
0.06
54 Morton Avenue, Newport, RI 02840
$575,000
3
2
1,248
0.11
571 Spring Street, Newport, RI 02840
$1,350,000
8
6,014
0.13

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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.

Listing Courtesy of RE/MAX Profnl. Newport, Inc.

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.