NOT LISTED FOR SALE

22 Malbone Rd Unit 1 Newport, RI 02840

Estimated Value: $346,000 - $396,000

1 Bed
1 Bath
506 Sq Ft
$200/mo HOA Fee

Last Sold March 18, 2021

Last sale price $241,000 $476 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,343/month

41 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Corner Lot
  • 4-minute walk to Coggeshall Park

About This Home

As of March 2021

Adorable condominium in the upper Broadway neighborhood in convenient proximity to the Newport bridge, Navy base, and eclectic restaurants. This lovely unit is all one level and sits on the first floor of an 1850 vintage building sprinkled with victorian accents and custom carpentry. Cozy wood-burning fireplace, eat-in kitchen, large insulated windows, and high ceilings are just some of the features. Laundry is just down the basement in a private storage room. All this located on a lovely corner lot offering ample parking and spacious yard.

Last Agent to Sell the Property

Kelly Moran

William Raveis Inspire License #REB.0018812 Listed on: 01/05/2021

William Raveis Inspire

Last Buyer's Agent

William Leys

Gustave White Sotheby's Realty License #RES.0042817

Gustave White Sotheby's Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,152

Year Built

  • Built in 1850

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 506 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Dryer
  • Utility Room
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher

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

Parking

  • 1 Parking Space
  • No Garage
  • Driveway
  • Unassigned Parking

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 009
  • Assessor Parcel Number 22MALBONERD1NEWP

Community Details

Overview

  • 4 Units
  • Upper Broadway/Van Zandt Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,152

Year Built

Built in 1850

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Upper Broadway/Van Zandt
  • Above Grade Finished Sq Ft: 506.0
  • Building Name: Malbone Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1850
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: First Floor Access
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 506.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 22MALBONERD1NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 1152.0
  • Tax Lot: 009
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Mar 10, 2021
Sold by
Garcia Andrew J and Garcia Nancy L
Bought by
Leys Elizabeth
Seller's Agent
Kelly Moran
William Raveis Inspire
Buyer's Agent
William Leys
Gustave White Sotheby's Realty
List Price
$249,000
Sold Price
$241,000
Premium/Discount to List
-$8,000
-3.21%
Total Days on Market
41
Current Estimated Value
$370,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,005
Avg. Annual Appreciation
10.59%

Purchase Details

Listed on
Jun 26, 2015
Closed on
Aug 18, 2015
Sold by
Richardson John C
Bought by
Garcia Andrew J and Garcia Nancy L
Seller's Agent
Kelly Moran
William Raveis Inspire
Buyer's Agent
Betsy Leerssen
RE/MAX Profnl. Newport, Inc.
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$114,850
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2002
Sold by
Ricci Peidra
Bought by
Richardson John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,200
Interest Rate
6.34%
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 Buyer Sale Price Title Company
Leys Elizabeth $241,000 None Available
Garcia Andrew J $150,000 --
Richardson John $116,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson John $114,850
Previous Owner Richardson John $20,000
Previous Owner Richardson John $93,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2021 03/18/21 Sold $241,000 -3.2% $476 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $249,000 +66.0% $492 / Sq Ft
08/18/2015 08/18/15 Sold $150,000 0.0% $296 / Sq Ft
07/19/2015 07/19/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $150,000 -- $296 / 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 $2,143 $307,500 $0 $307,500
2023 $2,061 $207,800 $0 $207,800
2022 $1,997 $207,800 $0 $207,800
2021 $1,939 $207,800 $0 $207,800
2020 $1,152 $112,100 $0 $112,100
2019 $1,152 $112,100 $0 $112,100
2018 $1,120 $112,100 $0 $112,100
2017 $1,498 $133,600 $0 $133,600
2016 $1,460 $133,600 $0 $133,600
2015 $1,426 $133,600 $0 $133,600
2014 $1,370 $113,600 $0 $113,600
Source: Public Records

Agents Affiliated with this Home

  • Kelly Moran

    Seller's Agent in 2021

    Kelly Moran

    William Raveis Inspire

    (631) 807-2198

    3 in this area

    38 Total Sales

    Kelly Moran
    Section Image

  • W

    Buyer's Agent in 2021

    William Leys

    Gustave White Sotheby's Realty

    (401) 862-2507

    1 in this area

    10 Total Sales

    William Leys
    Section Image
  • Betsy Leerssen

    Buyer's Agent in 2015

    Betsy Leerssen

    RE/MAX Profnl. Newport, Inc.

    2 in this area

    7 Total Sales

    Betsy Leerssen
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1272712

State-Wide MLS

APN: NEWP-000010-000009-000001

Rhode Island Newport County Newport 02840

22 Malbone Rd Unit 1, Newport, RI

This home is located at 22 Malbone Rd Unit 1, Newport, RI 02840 since 05 January 2021 and is currently estimated at $370,005, approximately $731 per square foot. This property was built in 1850. 22 Malbone Rd Unit 1 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

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