1 Palmer St Newport, RI 02840
Fifth Ward NeighborhoodEstimated Value: $671,000 - $752,000
3
Beds
2
Baths
1,221
Sq Ft
$584/Sq Ft
Est. Value
Highlights
- Marina
- Wood Flooring
- Corner Lot
- Deck
- Attic
- Game Room
About This Home
As of December 2019Sunny and bright townhouse features three bedrooms, two full-baths with 1,221 sf of living space. Many recent updates with new roof in 2015; features natural gas, a private deck with outdoor shower, garden area with storage shed and off street parking. One of only two condominiums so lives like a single-family Newport cottage, has a low-monthly fee, new stainless steel GE Profile appliances and double ovens, forced-air heating system, central air, tankless whole-house hot water heater, double sump-pump system, humidifier, replacement windows and requires no flood insurance. Easy walk to Newport Harbor, Kings Park, Wharf areas, Bellevue Avenue, Salve Regina University, shopping and restaurants. A five-minute ride to Gooseberry Beach on Ocean Drive makes this an ideal summer retreat. The lower level has updated living space with special lighting that provides for a bright interior featuring a Murphy bed for a third bedroom, a living room ideal for an office or den and a bead board, full-bathroom with walk-in shower and a laundry room with Duet washer and dryer. No flood insurance required and the exterior shingles replaced and painted in 2019 and the assessment paid. A great spot to call home!
Last Agent to Sell the Property
Mott & Chace Sotheby's Intl. License #REB.0016229 Listed on: 09/25/2019
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,026
Year Built
- Built in 1918
Lot Details
- 5,358
HOA Fees
- $133 Monthly HOA Fees
Home Design
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Thermal Windows
- Game Room
- Storage Room
- Utility Room
- Attic
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Deck
- Outbuilding
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- 100 Amp Service
- Electric Water Heater
- Cable TV Available
Additional Features
- Cul-De-Sac
- Property near a hospital
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 1PALMERSTNEWP
Community Details
Overview
- 2 Units
- Fifth Ward/Carroll Avenue Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Tennis Courts
- Recreation Facilities
Pet Policy
- Pet Size Limit
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2019
Closed on
Nov 30, 2019
Sold by
Mckay Bernard F and Mckay Mary C
Bought by
Talukdar Nadina S
Seller's Agent
Annamarie Ringheim
Mott & Chace Sotheby's Intl.
Buyer's Agent
Jessica Chase
Gustave White Sotheby's Realty
List Price
$394,900
Sold Price
$384,950
Premium/Discount to List
-$9,950
-2.52%
Total Days on Market
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,739
Avg. Annual Appreciation
10.99%
Original Mortgage
$307,960
Outstanding Balance
$275,154
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$407,269
Purchase Details
Listed on
May 12, 2015
Closed on
May 27, 2016
Sold by
Hebert Dakota J and Hebert Molly E
Bought by
Mckay Bernard F and Mckay Mary C
Seller's Agent
Annie Becker
Compass / Lila Delman Compass
Buyer's Agent
Annamarie Ringheim
Mott & Chace Sotheby's Intl.
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$224,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 16, 2013
Closed on
Sep 18, 2013
Sold by
13 Palmer St Llc
Bought by
Herbert Dakota J and Herbert Molly E
Seller's Agent
Lee Caouette
RI Real Estate Services
Buyer's Agent
Annie Becker
Lila Delman Real Estate
List Price
$459,900
Sold Price
$445,000
Premium/Discount to List
-$14,900
-3.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.88%
Purchase Details
Closed on
Apr 18, 2013
Sold by
Karam James M
Bought by
13 Palmer St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.52%
Purchase Details
Closed on
Feb 15, 2013
Sold by
Home Equity T
Bought by
Karam James M
Purchase Details
Closed on
Sep 11, 1998
Sold by
Coyne Jian
Bought by
Coyne Stephen R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.92%
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Talukdar Nadina S | $384,950 | None Available | |
| Mckay Bernard F | $280,000 | -- | |
| Mckay Bernard F | $280,000 | -- | |
| Herbert Dakota J | $445,000 | -- | |
| Herbert Dakota J | $445,000 | -- | |
| 13 Palmer St Llc | -- | -- | |
| Karam James M | $259,054 | -- | |
| Karam James M | $259,054 | -- | |
| Coyne Stephen R | $137,500 | -- | |
| Coyne Stephen R | $137,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Talukdar Nadina S | $307,960 | |
| Previous Owner | Mckay Bernard F | $224,000 | |
| Previous Owner | Coyne Stephen R | $255,000 | |
| Previous Owner | Coyne Stephen R | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2019 12/09/19 | Sold | $384,950 | -2.5% | $315 / Sq Ft |
| 11/09/2019 11/09/19 | Pending | -- | -- | -- |
| 09/25/2019 09/25/19 | For Sale | $394,900 | +41.0% | $323 / Sq Ft |
| 05/27/2016 05/27/16 | Sold | $280,000 | -6.4% | $326 / Sq Ft |
| 04/27/2016 04/27/16 | Pending | -- | -- | -- |
| 05/12/2015 05/12/15 | For Sale | $299,000 | -32.8% | $348 / Sq Ft |
| 09/20/2013 09/20/13 | Sold | $445,000 | -3.2% | $279 / Sq Ft |
| 08/21/2013 08/21/13 | Pending | -- | -- | -- |
| 08/16/2013 08/16/13 | For Sale | $459,900 | -- | $289 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $4,568 | $555,700 | $0 | $555,700 |
| 2023 | $3,489 | $351,700 | $0 | $351,700 |
| 2022 | $3,380 | $351,700 | $0 | $351,700 |
| 2021 | $3,281 | $351,700 | $0 | $351,700 |
| 2020 | $1,771 | $270,300 | $0 | $270,300 |
| 2019 | $2,779 | $270,300 | $0 | $270,300 |
| 2018 | $2,700 | $270,300 | $0 | $270,300 |
| 2017 | $3,030 | $270,300 | $0 | $270,300 |
| 2016 | $2,954 | $270,300 | $0 | $270,300 |
| 2015 | $4,120 | $386,100 | $162,200 | $223,900 |
| 2014 | $3,474 | $288,100 | $137,900 | $150,200 |
Source: Public Records
Agents Affiliated with this Home
-
Annamarie Ringheim
Seller's Agent in 2019
Annamarie Ringheim
Mott & Chace Sotheby's Intl.
(401) 862-0576
1 in this area
10 Total Sales
-
Jessica Chase
Buyer's Agent in 2019
Jessica Chase
Gustave White Sotheby's Realty
(401) 864-3596
11 in this area
86 Total Sales
-
Annie Becker
Seller's Agent in 2016
Annie Becker
Compass / Lila Delman Compass
(401) 855-1127
7 in this area
42 Total Sales
-
Lee Caouette
Seller's Agent in 2013
Lee Caouette
RI Real Estate Services
(401) 480-7644
1 in this area
15 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1235589
APN: NEWP-000041-000139-000001
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