NOT LISTED FOR SALE

16 Coddington St Unit 3 Newport, RI 02840

Estimated Value: $1,482,000 - $2,245,000

4 Beds
2.5 Baths
2,400 Sq Ft
$734/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $850,000 $354 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $11,180/month

105 Days on Market

Highlights

  • Marina
  • Water Access
  • Cathedral Ceiling
  • Golf Course Community
  • Deck
  • 4-minute walk to Eisenhower Park

About This Home

As of October 2019

Walk through the private gated entrance and down the path to this 3 story townhouse with its private entrance on one of Newport's historic wharfs. It has been completely and tastefully renovated and is turnkey. The upper level is a wonderful, livable space with an open floor plan that includes a brand new kitchen complete with a center island, quartz counters and all stainless appliances, a large dining area, living room area, and spacious deck with a handsome awning. The large south-facing windows make it a lovely bright and sunny space to enjoy year-round. Other amenities include new beautiful wide hardwood floors throughout, three new baths, a dumb waiter from the garage to the 3rd floor, a very attractive office/den off the master bedroom on the 2nd floor, a family-friendly lower level with 2 bedrooms, one that can double as a den. There is a small patio and integral private garage space for 3 cars! Coddington Wharf is located in the heart of Newport with both fine and casual restaurants a stone's throw away. It's within walking distance to all the restaurants and shops, and a quick walk to the end of the block to the harbor and piers where rental slips are available. There is a limited winter water view from the deck across Newport harbor to Ft. Adams, and architectural plans for a rooftop deck. This is an unusually desirable association with only four units in the building, all owner-occupied. Flood insurance and water included in association fee.

Last Agent to Sell the Property

Kirtley Mitchell

Gustave White Sotheby's Realty License #RES.0028980 Listed on: 06/11/2019

Co-Listed By

Dave Huberman

Gustave White Sotheby's Realty License #RES.0031635

Last Buyer's Agent

Alice Sheerin

Teri Degnan RE & Consulting License #RES.0032864

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,366

Year Built

  • Built in 1900

HOA Fees

  • $733 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Stone Foundation
  • Aluminum Siding
  • Masonry

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Thermal Windows
  • Security System Owned

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio

Location

  • Property near a hospital

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 146
  • Assessor Parcel Number 16CODDINGTONWharf3NEWP

Community Details

Overview

  • 4 Units
  • Lower Thames/Coddington Wharf Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,366

Year Built

Built in 1900

Lot Details

0

HOA Fees

$733 per month

Parking

3

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Subdivision Name: Lower Thames/Coddington Wharf
  • Above Grade Finished Sq Ft: 2400.0
  • Building Name: Coddington Wharf
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 2400.0
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Water Access, Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Aluminum Siding, Masonry, Other
  • Exterior Features: Deck, Patio
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Assigned, Built In, Garage Door Opener
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 150 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 2200.0
  • Association Fee Frequency: Quarterly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 16CODDINGTONWharf3NEWP
  • Zoning: WB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 6366.0
  • Tax Lot: 146
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Oct 23, 2019
Sold by
Karen C Melfa Ret
Bought by
Coddington Wharf Llc
Seller's Agent
Kirtley Mitchell
Gustave White Sotheby's Realty
Buyer's Agent
Alice Sheerin
Teri Degnan RE & Consulting
List Price
$995,000
Sold Price
$850,000
Premium/Discount to List
-$145,000
-14.57%
Current Estimated Value
$1,762,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$912,030
Avg. Annual Appreciation
11.14%

Purchase Details

Closed on
Feb 24, 2015
Sold by
Melfa Victor J and Melfa Karen
Bought by
Karen C Melfa Ret

Purchase Details

Closed on
Jan 14, 2005
Sold by
Corriveau Ronald
Bought by
Melfa Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Coddington Wharf Llc $850,000 --
Karen C Melfa Ret -- --
Melfa Victor $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melfa Victor $399,500
Previous Owner Melfa Victor $417,000
Previous Owner Melfa Victor $536,250
Previous Owner Melfa Victor $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $850,000 -14.6% $354 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $995,000 -- $415 / 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 $10,148 $1,234,500 $0 $1,234,500
2023 $8,035 $810,000 $0 $810,000
2022 $7,784 $810,000 $0 $810,000
2021 $7,557 $810,000 $0 $810,000
2020 $6,366 $619,300 $0 $619,300
2019 $6,366 $619,300 $0 $619,300
2018 $6,187 $619,300 $0 $619,300
2017 $6,942 $619,300 $0 $619,300
2016 $6,769 $619,300 $0 $619,300
2015 $6,608 $619,300 $0 $619,300
2014 $6,629 $549,700 $0 $549,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1225701

State-Wide MLS

APN: NEWP-000035-000146-000003