$303,000
SOLD APR 11, 2014

1 Red Cross Ave Unit 4 Newport, RI 02840

Old Beach Neighborhood
1 Bed
1 Bath
976 Sq Ft
$351/mo HOA Fee

Recently Sold

$310 Per Sq Ft

10% Below List Price

176 Days on Market

Highlights

  • Marina
  • Den
  • Cooling Available
  • Marble Flooring
  • Walking Distance to Water
  • Living Room

About This Home

As of March 2017

Sunny unit(>1000sf),Historic details & custom/modern features:Original Parquet floors, high ceilings, working gas FP;kitchen w/granite/stainless + stylish, new bath w/marble detail. W/D Hook-ups approved.Guest Bdrm Poss. Heat & Hot Water incl in Fee.

Last Agent to Sell the Property

Vincent Marcello

William Raveis Inspire License #REB.0006386 Listed on: 09/16/2013

William Raveis Inspire

Last Buyer's Agent

Tina Wiley

Gustave White Sotheby's Realty License #RES.0033933

Gustave White Sotheby's Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,136

Year Built

  • Built in 1868

HOA Fees

  • $351 Monthly HOA Fees

Home Design

  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 976 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Living Room
  • Den
  • Storage Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 1REDCROSSAV4NEWP

Community Details

Overview

  • 13 Units
  • Red Cross/Old Beach Rd Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,136

Year Built

Built in 1868

Lot Details

0

HOA Fees

$351 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Red Cross/Old Beach Rd
  • Above Grade Finished Sq Ft: 976.0
  • Building Name: Maple Shade
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1868
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Common Water Heater, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Second Floor Access
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Parquet
  • Living Area: 976.0
  • Dining Room Type: Den, Kitchen, Living Room, Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No
  • Association Fee: 351.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 1REDCROSSAV4NEWP
  • Zoning: R-20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 13

Tax Info

  • Tax Annual Amount: 3135.9
  • Tax Lot: 20
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
Mar 23, 2017
Sold by
Perrault Paul A and Perrault Lisa E
Bought by
Wallace Joseph P and Wallace Tracey L
Seller's Agent
Tina Wiley
Gustave White Sotheby's Realty
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$329,000
Sold Price
$270,000
Premium/Discount to List
-$59,000
-17.93%
Current Estimated Value
$675,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,148
Avg. Annual Appreciation
11.57%
Original Mortgage
$216,000
Outstanding Balance
$181,668
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$489,454

Purchase Details

Closed on
May 6, 2013
Sold by
Pendleton-Cataldo Carolyn and Cataldo Peter W
Bought by
Pendleton-Cataldo Carolyn

Purchase Details

Closed on
Dec 14, 2010
Sold by
Bisconti Michael P and Bisconti Dana S
Bought by
Pendleton-Cataldo Carolyn and Cataldo Peter W
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $270,000 --
Deed -- --
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2017 03/23/17 Sold $270,000 -17.9% $277 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
06/13/2016 06/13/16 For Sale $329,000 +8.6% $337 / Sq Ft
04/11/2014 04/11/14 Sold $303,000 -9.6% $310 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
09/16/2013 09/16/13 For Sale $335,000 -- $343 / 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 $4,528 $550,900 $0 $550,900
2023 $3,297 $332,400 $0 $332,400
2022 $3,194 $332,400 $0 $332,400
2021 $3,101 $332,400 $0 $332,400
2020 $2,911 $283,200 $0 $283,200
2019 $2,911 $283,200 $0 $283,200
2018 $2,829 $283,200 $0 $283,200
2017 $3,175 $283,200 $0 $283,200
2016 $3,095 $283,200 $0 $283,200
2015 $3,022 $283,200 $0 $283,200
2014 $3,230 $267,800 $0 $267,800
Source: Public Records

Agents Affiliated with this Home

  • Tina Wiley

    Seller's Agent in 2017

    Tina Wiley

    Gustave White Sotheby's Realty

    (401) 447-9609

    5 in this area

    54 Total Sales

    Tina Wiley
    Section Image
  • Teri Degnan

    Buyer's Agent in 2017

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    4 in this area

    141 Total Sales

    Teri Degnan
    Section Image

  • V

    Seller's Agent in 2014

    Vincent Marcello

    William Raveis Inspire

    (401) 529-1620

    Vincent Marcello
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1051155

State-Wide MLS

APN: NEWP-000026-000020-000004

Rhode Island Newport County Newport 02840 Old Beach

1 Red Cross Ave Unit 4, Newport, RI

This home is located at 1 Red Cross Ave Unit 4, Newport, RI 02840 and is currently priced at $303,000, approximately $310 per square foot. This property was built in 1868. 1 Red Cross Ave 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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