45 Elm Street

Newport, RI 02840

$1,062,500
Last Sold Price
5
Beds
3
Baths
3,586 Sq. Ft.
$296 / Sq. Ft.
3,586
Sq. Ft.
$296
per Sq. Ft.

Description

Third house off the water in the Historic Point Neighborhood. This well maintained two-family with a strong rental history is an ideal conversion to a single family. The first floor unit has a bright and sunny living room, two bedrooms, tiled bathroom, and an eat-in kitchen with gourmet stove and stainless appliances. The laundry facility for the first floor unit is located in the basement along with two high efficiency gas heaters and ample storage space. The two-level unit with water views on the...Third house off the water in the Historic Point Neighborhood. This well maintained two-family with a strong rental history is an ideal conversion to a single family. The first floor unit has a bright and sunny living room, two bedrooms, tiled bathroom, and an eat-in kitchen with gourmet stove and stainless appliances. The laundry facility for the first floor unit is located in the basement along with two high efficiency gas heaters and ample storage space. The two-level unit with water views on the second floor features a primary bedroom with a tiled bathroom and a living room with wet bar, custom bookshelves and fireplace. The third floor has two additional bedrooms with a tiled bath, a washer and dryer, kitchen with tiled floor, center island, skylight, stainless appliances and dining room as well as its own deck for outdoor entertaining with water views of Newport Harbor. Summer entertaining in your beautifully landscaped backyard with a bricked patio and potting shed. Just steps to the water, shipyard, yacht club and parks to launch your kayak. Easy walk to Brick Market, shops, restaurants and entertainment in downtown Newport. A short distance to the Naval War College and easy access to the Newport Bridge for off island access to New York City and Boston. The downstairs, furnished unit is currently available. Enjoy the end of summer for immediate occupancy or rent out.
  1. Listed by Jose Aguon • Gustave White Sotheby's Realty

Property Details for 45 Elm Street

Subdivision Name
The Point
Waterfront Features
Beach Access, Water Access, Walk to Water, Walk to Salt Wtr, Saltwater View
View
Saltwater, Water
Furnished
Furnished

Location

Listing Courtesy of Gustave White Sotheby's Realty

Sold By Lila Delman Compass

Add your commute
LISTING UPDATED: 10/01/2021 04:05 AM

Property Details for 45 Elm Street

StatusClosed
MLS #1285069
Days on Market92
Taxes$7,075 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.06 AC / 2,644 SF
CountyNewport County

Location

Listing Courtesy of Gustave White Sotheby's Realty

Sold By Lila Delman Compass

Add your commute

Building Information for 45 Elm Street

Stories3Residences2Year Built1900Building Size-Lot Size0.06 AC / 2,644 SF

Payment Calculator

$6,388 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,798

Property Taxes

$590

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 45 Elm Street

Summary
Location and General Information
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Postal City: Newport
  • Postal Code Plus 4: 2430
  • Zoning: R10
  • County: Newport
  • City: Newport
Parking
  • Covered Spaces: 0
  • Garage: No
  • Garage Spaces: 0
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $7,075.00
  • Tax Assessed Value: 758300
  • Tax Lot: 015
  • Tax Year: 20
Property
Lot Information
  • Current Use: Multi-Family
  • Lot Size Acres: 0.06
  • Lot Size Area: 2644.0
  • Lot Size Square Feet: 2644.0
  • Lot Size Units: Square Feet
  • Building Area Total: 3,586.00
  • Parcel Number: 45ELMSTNEWP
  • Living Area Source: Public Records
Property and Assessments
  • Senior Community: No
  • Construction Materials: Drywall, Brick, Clapboard, Masonry, Shingle Siding, Wood Siding
  • New Construction: No
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Stories Total: 3
  • Year Built: 1900
  • Frontage Length: 28
  • Property Type: Residential Income
Utilities
  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Electric: 200+ Amp Service
  • Heating: Baseboard, Gas
  • Heating: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Porch, Barbecue
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Porch
  • View: Yes
  • Window Features: Storm Window(s)
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Features: Furnished, Cable TV
  • Laundry Features: In Unit
  • Rooms Total: 10
MultiFamily
Income & Expenses
  • Operating Expense: $0
Unit 1
  • Unit Type Actual Rent 1: $2,500.00
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 3
Unit 2
  • Unit Type Actual Rent 2: $1,900.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
Rental Information
Rent Information
  • Land Lease: false
  • Tenant Pays: Hot Water

Property History for 45 Elm 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 45 Elm Street

Taxable ValueLand$358,000Additions$400,300Total$758,300
Tax Record2023$7,522 ($627 / month)
Home Facts
Baths3Total Finished SqFt2,491 SqFtAbove Grade Finished SqFt2,491 SqFtStories3Lot Size2,644 SqFtStyleDuplexYear Built1900Year Renovated1992ZoningR10CountyNEWPORTAPNNEWP M:016 B:0015

Schools near 45 Elm 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Gustave White Sotheby's Realty

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.