NOT LISTED FOR SALE

24 3rd St Unit 1 Newport, RI 02840

Estimated Value: $483,000 - $931,000

2 Beds
2 Baths
1,350 Sq Ft
$150/mo HOA Fee

Last Sold June 21, 2017

Last sale price $196,111 $145 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $3,893/month

3 Days on Market

Highlights

  • Deck
  • Storm Windows
  • Storage Room
  • Wood Flooring
  • Bathtub with Shower
  • 4-minute walk to Storer Park

About This Home

As of June 2017

This unit is Corporate owned with a month to Month tenant occupying the unit.

Last Agent to Sell the Property

John Gower

Gower And Co. License #REB.0015278 Listed on: 05/18/2017

Last Buyer's Agent

John Gower

Gower And Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1885

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Timeshare
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,350 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

Parking

  • No Garage
  • Unassigned Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 219
  • Assessor Parcel Number 24ThirdSTNEWP

Community Details

Overview

  • The Point Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,652

Year Built

Built in 1885

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 1350.0
  • Building Name: Walter Sherman House
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1885
  • Property Sub Type Additional: Condominium
  • Special Features: RealEstateOwned
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 1350.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 150.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Common Interest: Timeshare

Lot Info

  • Parcel #: 24ThirdSTNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2652.0
  • Tax Lot: 219
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2017
Closed on
Jun 20, 2017
Sold by
Fhlmc
Bought by
Crafton Colleen M
Seller's Agent
John Gower
Gower And Co.
Buyer's Agent
John Gower
Gower And Co.
List Price
$239,900
Sold Price
$196,111
Premium/Discount to List
-$43,789
-18.25%
Current Estimated Value
$634,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,776
Avg. Annual Appreciation
16.15%

Purchase Details

Closed on
Apr 10, 2017
Sold by
Fontanazza Angelo D
Bought by
Fhlmc

Purchase Details

Closed on
Jun 22, 2005
Sold by
Rescia Christina M and Schuster James L
Bought by
Fontanazza Angelo D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Smith Georgiana
Bought by
Rescia Christina and Schuster James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,200
Interest Rate
5.71%
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 Buyer Sale Price Title Company
Crafton Colleen M $195,136 --
Crafton Colleen M $195,136 --
Fhlmc $190,227 --
Fhlmc $190,227 --
Fontanazza Angelo D $340,000 --
Fontanazza Angelo D $340,000 --
Rescia Christina $270,500 --
Rescia Christina $270,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rescia Christina $272,000
Previous Owner Rescia Christina $216,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2017 06/21/17 Sold $196,111 -18.3% $145 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $239,900 -- $178 / 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 $2,474 $301,000 $0 $301,000
2023 $2,031 $204,700 $0 $204,700
2022 $1,967 $204,700 $0 $204,700
2021 $1,910 $204,700 $0 $204,700
2020 $1,898 $184,600 $0 $184,600
2019 $1,898 $184,600 $0 $184,600
2018 $1,844 $184,600 $0 $184,600
2017 $2,720 $242,600 $0 $242,600
2016 $2,652 $242,600 $0 $242,600
2015 $2,589 $242,600 $0 $242,600
2014 $2,601 $215,700 $0 $215,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1160950

State-Wide MLS

APN: NEWP-000016-000219-000001