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16 Mann Avenue

16 Mann Avenue, Newport, RI 02840
Property in Newport
Sold Mar 28, 2016
$885,000
$1,000,000 by Coastway Commercial Bank
Mortgage
16 Mann Avenue has been categorized by the local assessors in Newport, RI as a residential type of property. The building on the property was first built in 1880 and is 144 years old. However, we must point out that the home was most recently renovated and altered in 1987. The home has a total of 9 bedrooms. Residents will have access to 9 full bathrooms. There are 9 partial bathrooms in the home. The building has a total of 2 stories. In addition, 16 Mann Avenue has 6,232 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,527 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16 Mann Avenue sold most recently in Jan 1, 1970 for a total of $885,000. If you work out the math, that's approximately a cost of $142.01 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,400 in taxes each year. 16 Mann Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,048,400. If we break it down further, the land itself was valued at $405,000. Improvements to the property, however, were assessed at a total of $643,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 9
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,527
  • Total Building Area: 6,232
  • Gross Building Area: 9,449
  • Building Area: 6,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 6,232
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.173
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : MACKIE ADAM J
  • Previous Owner : MCGRATH REAL ESTATE LL

Neighborhood

  • School District Name: Newport School District
  • School Tax School District: NEWPORT PS
  • Census Tract: 040700

Zoning

  • Zoning: R10

Geography

  • Account Number: R04023
  • Parcel: NEWP M:021 B:0039
  • Block: 39
  • Municipality: NEWPORT
  • Latitude: 41.4924
  • Longitude: -71.3094

    Address

  • Full Address: 16 Mann Ave
  • Address - House Number: 16
  • Address - Street Name: Mann
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Newport
  • Carrier Code: C011
  • 4-Digit Zip Code: 2889
  • Zip Code: 02840

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,400

    Appraisal Valuation

  • Standard Deviation: 0.4092
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 2,072,230
  • High Value: 2,920,208
  • Low Value: 1,224,251

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: COASTWAY COMMERCIAL BANK
  • First Open Lien Mortgage Recording Date: Mar 28, 2016
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: COASTWAY COMMERCIAL BANK
  • Second Open Lien Mortgage Recording Date: Nov 16, 2017
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,048,400
  • Assessed Land Value: $405,000
  • Assessed Improvements Value: $643,400

    Sales

  • Current Sale Recording Date: Mar 28, 2016
  • Current Sale Transaction ID: 1500328765
  • Current Sale Price: $885,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 103807

    Last Sale Mortgage

  • First Mortgage Lender: COASTWAY COMMERCIAL BANK
  • First Mortgage Transaction Date: Mar 28, 2016
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 16 Mann Avenue located in?
The 16 Mann Avenue is a located in the neighborhood of Newport in Newport, Newport.
What is the average sales price for listings in 16 Mann Avenue?
The average sales price for units in 16 Mann Avenue is $0 currently.

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