NOT LISTED FOR SALE

1 Oakwood Terrace Unit 4 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $524,000 - $700,000

1 Bed
1 Bath
810 Sq Ft
$748/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $468,000 $578 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,572/month

Highlights

  • Marina
  • Tennis Courts
  • Storm Windows
  • Golf Course Community
  • Walking Distance to Water
  • Cooling Available

About This Home

As of July 2023

YEARLY RENTAL; Grandeur living at the Historic Whitestone Mansion designed by Stanford White. Located at one Oakwood Terrace and Red Cross ave. This beautiful corner unit, on the 2nd floor, is full of light with extraordinary high ceilings and over 800 square feet of living space with 1 bedrooms and 1 baths. There is common out door space for additional entertaining and large storage room in the basement. Can be rented Furnished or unfurnished. Washer Drying in the unit. Condo it centrally located and an easy walk to downtown Newport or the beach.Just updated with crown moldings, fresh paint and New appliances.

Last Agent to Rent the Property

Noelle Shiland

Coldwell Banker Realty License #REB.0017039 Listed on: 06/05/2023

Coldwell Banker Realty

Last Renter's Agent

Gregory Adams

Coldwell Banker Realty License #RES.0048200

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,236

Year Built

  • Built in 1900

Parking

  • No Garage

Home Design

  • Masonry
  • Plaster

Interior Spaces

  • 810 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Ceramic Tile Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Outdoor Grill

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • Paved or Partially Paved Lot
  • Property near a hospital

Listing and Financial Details

  • Property Available on 7/1/23
  • 12 Month Lease Term
  • Assessor Parcel Number 1OAKWOODTER4NEWP

Community Details

Overview

  • Property has a Home Owners Association
  • 9 Units
  • Red Cross And Memorial Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,236

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2023-07-01

Listing Details

  • Prop. Type: Residential Lease
  • Subdivision Name: Red Cross and Memorial
  • Above Grade Finished Sq Ft: 810.0
  • Building Name: whitestone
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • Building Stories: 3
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Disposal, Gas Water Heater, Microwave, Oven, Range, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Interior Amenities: Tub Shower
  • Living Area: 810.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Paved
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Masonry
  • Exterior Features: Barbecue

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Gardener, Laundry Facilities, Parking, Sewer, Snow Removal, Trash Collection
  • Association: Yes
  • Pets Allowed: No

Lot Info

  • Parcel #: 1OAKWOODTER4NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Sep 1, 2023
Sold by
Ciorun Elizzabeth
Bought by
Ciorun Joseph L
Seller's Agent
Noelle Shiland
Coldwell Banker Realty
Buyer's Agent
Gregory Adams
Coldwell Banker Realty
Sold Price
$2,300
Views
43
Current Estimated Value
$605,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$603,674

Purchase Details

Listed on
Jun 5, 2023
Closed on
May 31, 2023
Sold by
Turner Nancy
Bought by
Ciorun Elizabeth
Seller's Agent
Noelle Shiland
Coldwell Banker Realty
Buyer's Agent
Gregory Adams
Coldwell Banker Realty
Sold Price
$2,300
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$275,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Wedum Ellen
Bought by
Turner Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 1999
Sold by
Smith Paul D and Smith Martha Ann
Bought by
Lembrie Laurence J and Lembrie Laurence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,700
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ciorun Joseph L -- None Available
Ciorun Elizabeth $468,000 None Available
Turner Nancy $280,000 --
Lembrie Laurence J $97,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ciorun Elizabeth $275,000
Previous Owner Lembrie Laurence J $100,000
Previous Owner Lembrie Laurence J $87,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Rented $2,300 0.0% --
07/04/2023 07/04/23 Under Contract -- -- --
06/26/2023 06/26/23 Price Changed $2,300 -4.2% $3 / Sq Ft
06/05/2023 06/05/23 For Rent $2,400 0.0% --
05/31/2023 05/31/23 Sold $468,000 -1.5% $578 / Sq Ft
03/21/2023 03/21/23 For Sale $475,000 -- $586 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,236 $464,300 $0 $464,300
2023 $3,051 $307,600 $0 $307,600
2022 $2,956 $307,600 $0 $307,600
2021 $2,870 $307,600 $0 $307,600
2020 $2,467 $240,000 $0 $240,000
2019 $2,467 $240,000 $0 $240,000
2018 $2,398 $240,000 $0 $240,000
2017 $3,310 $295,300 $0 $295,300
2016 $3,228 $295,300 $0 $295,300
2015 $3,151 $295,300 $0 $295,300
2014 $3,165 $262,400 $0 $262,400
Source: Public Records

Agents Affiliated with this Home

  • Noelle Shiland

    Landlord's Agent in 2023

    Noelle Shiland

    Coldwell Banker Realty

    (401) 529-4611

    5 in this area

    26 Total Sales

    Section Image

  • T

    Seller's Agent in 2023

    The Hadfield Group

    Hogan Associates Christie's

    (401) 207-0083

    6 in this area

    111 Total Sales

    Section Image

  • G

    Tenant's Agent in 2023

    Gregory Adams

    Coldwell Banker Realty

    (401) 208-7466

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1336995

State-Wide MLS

APN: NEWP-000026-000071-000004

Rhode Island Newport County Newport 02840 Old Beach

1 Oakwood Terrace Unit 4, Newport, RI

This home is located at 1 Oakwood Terrace Unit 4, Newport, RI 02840 since 05 June 2023 and is currently priced at $605,974. This property was built in 1900. 1 Oakwood Terrace Unit 4 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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