$320,000
SOLD MAR 30, 2021

1 Red Cross Ave Unit 7 Newport, RI 02840

Old Beach Neighborhood
1 Bed
1 Bath
703 Sq Ft
$229/mo HOA Fee

Recently Sold

$455 Per Sq Ft

2% Below List Price

26 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Corner Lot
  • Storm Windows

About This Home

As of November 2024

Perfect location for this stunning open floor plan condo. Situated between town and the Eastons beach you will find yourself walking everywhere. This third floor condo offers custom granite kitchen, original moldings, gorgeous ornate hardwood floors, high ceilings and sun-filled rooms. Plenty of storage in the unit as well as the owners storage unit and laundry in the basement. Extremely low condo fees INCLUDE your heat, water, grounds maintenance and plowing. Maple shade is situated on an expansive corner lot in one of the most sought after streets in town. Enjoy the shaded back yard and patio for grilling, the sun filled side yard, or simply sit on the shared front porch. One assigned off street parking space per owner. Well run and professionally managed association. Recent updates to the building include newer roof, gutters, and a freshly painted exterior. A must see!

Last Agent to Sell the Property

Grace Cimo

Gustave White Sotheby's Realty License #RES.0031199 Listed on: 02/01/2021

Gustave White Sotheby's Realty

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1900

HOA Fees

  • $229 Monthly HOA Fees

Home Design

  • Stone Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 703 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Home Security

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 1REDCROSSAV7NEWP

Community Details

Overview

  • 10 Units
  • Old Beach/ Memorial Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,308

Year Built

Built in 1900

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Old Beach/ Memorial
  • Above Grade Finished Sq Ft: 703.0
  • Building Name: Maple Shade
  • Entry Level: 3
  • 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, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 703.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Clapboard
  • Foundation Details: Stone

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, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Water Source: Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 229.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Cats OK, Dogs OK, Negotiable, No Pet Restrictions, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 1REDCROSSAV7NEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 2308.0
  • Tax Lot: 20
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Nov 5, 2024
Sold by
Demac Patricia
Bought by
Delacey Athena K and Delacey David P
Seller's Agent
Alex Fraioli
Edge Realty RI
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$575,000
Sold Price
$575,000
Views
16
Current Estimated Value
$608,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,753
Avg. Annual Appreciation
4.89%

Purchase Details

Listed on
Feb 1, 2021
Closed on
Mar 23, 2021
Sold by
Murray Joy
Bought by
Demac Patricia
Seller's Agent
Grace Cimo
Gustave White Sotheby's Realty
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.63%
Original Mortgage
$304,000
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jan 24, 2011
Closed on
Sep 7, 2012
Sold by
Reilly Joseph P
Bought by
Murray Joy
Seller's Agent
Beverly Black
Century 21 Topsail Realty
Buyer's Agent
Kevan Campbell
Hogan Associates Christie's
List Price
$265,000
Sold Price
$174,000
Premium/Discount to List
-$91,000
-34.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%

Purchase Details

Closed on
Jan 9, 2008
Sold by
Cardoza George S
Bought by
Reilly Joseph P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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 $575,000 None Available
Warranty Deed $575,000 None Available
Warranty Deed $320,000 None Available
Warranty Deed $320,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Deed $255,000 --
Deed $255,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $304,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $242,250 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $575,000 0.0% $818 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $575,000 +79.7% $818 / Sq Ft
03/30/2021 03/30/21 Sold $320,000 -1.5% $455 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $325,000 +86.8% $462 / Sq Ft
09/06/2012 09/06/12 Sold $174,000 -34.3% $248 / Sq Ft
08/07/2012 08/07/12 Pending -- -- --
01/24/2011 01/24/11 For Sale $265,000 -- $377 / 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 $3,616 $439,900 $0 $439,900
2023 $2,635 $265,600 $0 $265,600
2022 $2,552 $265,600 $0 $265,600
2021 $2,478 $265,600 $0 $265,600
2020 $2,309 $224,600 $0 $224,600
2019 $2,309 $224,600 $0 $224,600
2018 $2,244 $224,600 $0 $224,600
2017 $2,505 $223,500 $0 $223,500
2016 $2,443 $223,500 $0 $223,500
2015 $2,385 $223,500 $0 $223,500
2014 $2,547 $211,200 $0 $211,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1274580

State-Wide MLS

APN: NEWP-000026-000020-000007