43 Farewell Street

Newport, RI 02840

$1,255,000
Last Sold Price
8
Beds
4
Baths
3,382 Sq. Ft.
$371 / Sq. Ft.
3,382
Sq. Ft.
$371
per Sq. Ft.

Description

Sold off market, input for comp purposes only Impressive Colonial right in downtown Newport down the street from the famed White Horse Tavern. This two family home offers more than 3,383SF of completely refinished living space across 3 floors. The first floor three bedroom unit walks out onto a private deck and patio. New flooring, open layout, new kitchen and bathrooms make for a great stay in Newport with plenty of space. The second unit is 5 bedrooms and 3 full baths across the 2nd & 3rd floors....Sold off market, input for comp purposes only Impressive Colonial right in downtown Newport down the street from the famed White Horse Tavern. This two family home offers more than 3,383SF of completely refinished living space across 3 floors. The first floor three bedroom unit walks out onto a private deck and patio. New flooring, open layout, new kitchen and bathrooms make for a great stay in Newport with plenty of space. The second unit is 5 bedrooms and 3 full baths across the 2nd & 3rd floors. Third floor could be converted to an au pair suite or a guest residence if you'd prefer. Upgraded heating systems, electrical systems and plumbing throughout. Plenty of outdoor space with ample parking for at least 6 cars, a hardscaped patio, front porch and a grilling area. Stones throw to Cardine's field, Broadway District, Washington Sq and Newport Shipyard. Property could make a great investment property, an excellent purchase to go in on with friends or family or just use it yourself with a separate space for family to visit!
  1. Listed by Jeff Brooks • Hogan Associates

Amenities

  • Air Conditioning
  • Colonial
  • Deck
  • Laundry in Building
  • Porch
  • Private Outdoor Space
  • Washer / Dryer in Unit
  • Waterfront

Location

Listing Courtesy of Hogan Associates

Sold By Lila Delman Compass

Add your commute
LISTING UPDATED: 12/10/2021 11:33 AM

Property Details for 43 Farewell Street

StatusClosed
MLS #1299991
Days on Market157
Taxes$8,890 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1810
Lot Size0.09 AC / 3,972 SF
CountyNewport County

Location

Listing Courtesy of Hogan Associates

Sold By Lila Delman Compass

Add your commute

Building Information for 43 Farewell Street

Stories3Residences2Year Built1810Building Size-Lot Size0.09 AC / 3,972 SF

Payment Calculator

$7,590 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,849

Property Taxes

$741

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 43 Farewell Street

Summary
Location and General Information
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Postal City: Newport
  • Zoning: R10
  • County: Newport
  • City: Newport
Parking
  • Covered Spaces: 0
  • Garage: No
  • Garage Spaces: 0
  • Parking Features: No Garage
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $8,890.00
  • Tax Assessed Value: 1037200
  • Tax Lot: 036
  • Tax Year: 2020
Property
Lot Information
  • Current Use: Multi-Family
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Area: 3972.0
  • Lot Size Square Feet: 3972.0
  • Lot Size Units: Square Feet
  • Building Area Total: 3,382.00
  • Parcel Number: 43FAREWELLSTNEWP
  • Living Area Source: Public Records
Property and Assessments
  • Senior Community: No
  • Construction Materials: Drywall, Plaster, Clapboard, Wood Siding
  • New Construction: No
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Stories Total: 3
  • Year Built: 1810
  • Property Type: Residential Income
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: 100 Amp Service, Circuit Breakers
  • Heating: Forced Air, Gas, Individual
  • Heating: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Foundation Details: Brick/Mortar, Stone
  • Patio And Porch Features: Porch
  • Window Features: Skylight(s)
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Hardwood, Laminate, Vinyl, Wood, Carpet
  • Interior Features: Bathtub, Skylights, Tub Shower, Cable TV
  • Laundry Features: Common Area
  • Rooms Total: 13
MultiFamily
Income & Expenses
  • Operating Expense: $0
Unit 1
  • Unit Type Description 1: Townhouse Style Unit
  • Unit Type Actual Rent 1: $3,500.00
  • Unit Type Baths Total 1: 3
  • Unit Type Beds Total 1: 5
Unit 2
  • Unit Type 2: 3 Bedroom
  • Unit Type Description 2: Single Level
  • Unit Type Actual Rent 2: $2,800.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 3
Rental Information
Rent Information
  • Land Lease: false

Property History for 43 Farewell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 43 Farewell Street

Taxable ValueLand$188,200Additions$864,400Total$1,052,600
Tax Record2023$10,442 ($870 / month)
Home Facts
Baths5Total Finished SqFt3,382 SqFtAbove Grade Finished SqFt3,382 SqFtStories3Lot Size3,973 SqFtStyleMulti-Family Dwelling (2-4)Year Built1810Year Renovated1992ZoningR10CountyNEWPORTAPNNEWP M:017 B:0036Fireplace TypeHas Fireplace

Schools near 43 Farewell Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Public - 9 to 12
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Pell Elementary School
PublicPK to 4

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

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hogan Associates

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.