NOT LISTED FOR SALE

1 Red Cross Ave Unit 5 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $485,000 - $614,000

1 Bed
1 Bath
693 Sq Ft
$307/mo HOA Fee

Last Sold August 28, 2020

Last sale price $272,500 $393 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,667/month

53 Days on Market

Highlights

  • Marina
  • Corner Lot
  • Walking Distance to Water
  • Wood Flooring
  • Tennis Courts
  • Public Transportation

About This Home

As of August 2020

Stunning location in Newport's Top of the Hill neighborhood! Can be offered turn key and fully furnished. Monthly fees include heat & water/sewer. Bonus room offers an additional sleeping option. One domestic pet welcome. Common laundry available in the building. House sits on an expansive corner lot with an assigned parking spot for each owner. Recent updates to the building include: new gutters, new roof, installed a generator & freshly painted exterior. The Maple Shade Association is established & professionally managed. Watch the live walkthrough video of the unit and area! 3D tour is available upon request.

Last Agent to Sell the Property

Shannon Buss

Gustave White Sotheby's Realty License #REB.0016491 Listed on: 06/05/2020

Last Buyer's Agent

Anna Anton

William Raveis Inspire License #RES.0024735

William Raveis Inspire

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,275

Year Built

  • Built in 1900

HOA Fees

  • $307 Monthly HOA Fees

Home Design

  • Clapboard

Interior Spaces

  • 693 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Unfinished Basement

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

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 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 1REDCROSSAV5NEWP

Community Details

Overview

  • 10 Units
  • Old Beach Road Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,275

Year Built

Built in 1900

Lot Details

0

HOA Fees

$307 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Old Beach Road
  • Above Grade Finished Sq Ft: 693.0
  • Building Name: Maple Shade
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 693.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 307.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 1REDCROSSAV5NEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 2275.0
  • Tax Lot: 20
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 26, 2020
Sold by
Loughlin Richard M and Loughlin Mariann
Bought by
Esposito Rt
Seller's Agent
Shannon Buss
Gustave White Sotheby's Realty
Buyer's Agent
Anna Anton
William Raveis Inspire
List Price
$300,000
Sold Price
$272,500
Premium/Discount to List
-$27,500
-9.17%
Current Estimated Value
$570,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,592
Avg. Annual Appreciation
14.16%
Original Mortgage
$218,000
Outstanding Balance
$196,763
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$331,581

Purchase Details

Closed on
Apr 20, 2007
Sold by
Cardoza George S
Bought by
Loughlin Richard and Loughlin Mariann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.19%
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
Esposito Rt $272,500 None Available
Loughlin Richard $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esposito Rt $218,000
Previous Owner Loughlin Richard $219,500
Previous Owner Loughlin Richard $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $272,500 -9.2% $393 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $300,000 -- $433 / 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 $3,039 $436,000 $0 $436,000
2023 $2,612 $263,300 $0 $263,300
2022 $2,530 $263,300 $0 $263,300
2021 $2,457 $263,300 $0 $263,300
2020 $2,275 $221,300 $0 $221,300
2019 $2,275 $221,300 $0 $221,300
2018 $2,211 $221,300 $0 $221,300
2017 $2,481 $221,300 $0 $221,300
2016 $2,419 $221,300 $0 $221,300
2015 $2,361 $221,300 $0 $221,300
2014 $2,522 $209,100 $0 $209,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Shannon Buss

    Gustave White Sotheby's Realty

    (401) 714-7056

    1 in this area

    17 Total Sales

    Shannon Buss
    Section Image
  • Anna Anton

    Buyer's Agent in 2020

    Anna Anton

    William Raveis Inspire

    (401) 935-1862

    1 in this area

    16 Total Sales

    Anna Anton
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1255624

State-Wide MLS

APN: NEWP-000026-000020-000005

Rhode Island Newport County Newport 02840 Old Beach

1 Red Cross Ave Unit 5, Newport, RI

This home is located at 1 Red Cross Ave Unit 5, Newport, RI 02840 since 05 June 2020 and is currently estimated at $570,092, approximately $822 per square foot. This property was built in 1900. 1 Red Cross Ave Unit 5 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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