See Home Value
Newport 02871
2538 East Main Road
$709,086*
House - Off Market

2538 East Main Road

Portsmouth, RI 02871
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3400 Sqft
$630,000 - $768,000
Reference Base Price*
1.37%
Since May 1, 2022
National-US
Primary Model
Sold Apr 22, 2022
$685,000
$647,200 by Total Mortgage Services Llc
Mortgage
Sold May 03, 2019
$375,000
$262,500 by Velocity Commercial Capital Ll
Mortgage

About This Property

This home is full of history from its beginnings in the early 1660's. At various times it was as a Tavern, Public House, Inn and Post Office. The property is in the Town Center (TC) zone that allows both residential and commercial uses in the same building. The property has large rooms throughout, hard wood floors and antique back-to-back fireplaces are on each level.  The large conference room has its own bath, heating system and separate entrance.   This space is ideal for many retails or office uses. The kitchen has a bee-hive oven, and all appliances are new.  The Home has installed a new 4-bedroom septic system in 2019 and a new shingle roof in 2017.  There is also a walk-up full attic for lots of storage. New 4-bedroom septic/commercial septic installed 2017, new roof installed in 2017.  Home was fully insulated 2 months ago.

The manager has listed the unit size as 3400 square feet.
Unit Size
3,400Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$206
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1732

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold to Simone Ferrara $685,000
Sold to Simone Ferrara
Apr 8, 2022 No longer available -
No longer available
Mar 21, 2022 In contract -
In contract
Feb 28, 2022 Listed $699,500
Listed
Feb 26, 2022 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1732
  • Effective Year Built: 1732
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Historical
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,116
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Total Building Area: 3,400
  • Gross Building Area: 4,594
  • Building Area: 3,400
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 3,400
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.68
  • Standard Land Use Code: Commercial/office/residential (mixed use)
  • County Land Use Code: Road (right-of-way)

Ownership

  • Current Owner : FERRARA SIMONE
  • Previous Owner : NOLAN CHRISTINE
  • Owner Before Previous Owner: EAST MAIN INC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Portsmouth School District
  • School Tax School District: PORTSMOUTH SD
  • Census Tract: 040105

Zoning

  • Zoning: TC

Geography

  • Parcel: PORT M:035 B:0019
  • Block: 19
  • Municipality: PORTSMOUTH
  • Latitude: 41.5999
  • Longitude: -71.2507

    Address

  • Full Address: 2538 E Main Rd
  • Address - House Number: 2538
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Portsmouth
  • Carrier Code: R012
  • 4-Digit Zip Code: 4064
  • Zip Code: 02871

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,142

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $647,200
  • First Open Lien Mortgage Lender: TOTAL MORTGAGE SERVICES LLC
  • First Open Lien Mortgage Recording Date: Apr 22, 2022
  • First Open Lien Mortgage Loan Amount: $647,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $637,100
  • Assessed Land Value: $270,200
  • Assessed Improvements Value: $366,900

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Transaction ID: 11886118893
  • Current Sale Price: $685,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1573
  • Previous Sale Recording Date: May 03, 2019
  • Previous Sale Contract Date: May 02, 2019
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOTAL MORTGAGE SERVICES LLC
  • First Mortgage Transaction Date: Apr 22, 2022
  • First Mortgage Loan Amount: $647,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: VELOCITY COMMERCIAL CAPITAL LL
  • Previous Mortgage Transaction Date: May 03, 2019
  • Previous Mortgage Loan Amount: $262,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Balloon



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
-
$570,000 Feb 10, 2012
$570,000 May 11, 2012
$747/mo
Condo
3 Beds
5 Baths
-
$745,500 Apr 1, 2016
$745,500 Aug 15, 2016
$1,334/mo
Condo
2 Beds
4 Baths
-
$630,000 Sep 10, 2014
$630,000 May 20, 2015
$1,261/mo
House
2 Beds
2.5 Baths
2,200 ft²
$340/ft²
$749,000 Sep 24, 2022
-
$560/mo
House
2 Beds
2.5 Baths
2,200 ft²
$340/ft²
$749,000 Sep 24, 2022
-
$560/mo
House
2 Beds
2.5 Baths
2,200 ft²
$363/ft²
$799,000 Oct 6, 2022
-
$560/mo

About Newport


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Frequently Asked Questions

When was property at 2538 East Main Road built and last sold?
The property at 2538 East Main Road was built in 1732 and last sold on Apr 21, 2022 for $685,000.
How much is this home worth?
The estimated value of the home located at 2538 East Main Road is $793,162.
What are some comparable homes to 2538 East Main Road?
There are currently no comparable homes to 2538 East Main Road.

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