31 Cranston Ave Unit 1 Newport, RI 02840
Kay-Catherine NeighborhoodEstimated Value: $1,090,000 - $1,467,000
4
Beds
3
Baths
3,286
Sq Ft
$494/mo
HOA Fee
Highlights
- 1.84 Acre Lot
- Attic
- Bathtub with Shower
- Wood Flooring
- Whole House Fan
- 3-minute walk to Congdon Parks
About This Home
As of May 2022The spacious, luxury condo you have been searching for awaits at Newport's private Grey Terrace Condominiums ideally located within walking distance to many of Newport's best attractions. Enter the home through one of 3 private entrances and be blown away by the quality renovations completed in this historic home as well as the amenities provided within. With over 3,000 square feet of living space, 4 bedrooms, 3 full bathrooms, an office, and an ideal one level open layout featuring a grand living room with wood burning fireplace, stunning kitchen with granite countertops stainless steel appliances, center island with seating for 6 and a dining room area, this home has ample space for friends, family, and all your entertaining desires. The master suite is privately tucked away from the living space, with abundant natural light, custom tile walk-in shower, radiant heated floors and plenty of closet space. The second bedroom is also very good sized with ample closet space as well as its own guest bathroom across the hall. Bedrooms 3 and 4 feature sliding barn doors and share use of the third full bath. Additional features contributing to the charm of this property include a private balcony as well as glass French doors and vaulted ceilings in the bonus living room equipped with wet bar. Down the back staircase is a massive back yard providing great outdoor space perfect for hosting a summer BBQ. Two allocated parking spaces, laundry in-unit, attic and additional storage area.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,888
Year Built
- Built in 1881
Lot Details
- 1.84
HOA Fees
- $494 Monthly HOA Fees
Home Design
- Combination Foundation
- Shingle Siding
Interior Spaces
- 3,286 Sq Ft Home
- 1-Story Property
- Dry Bar
- Fireplace Features Masonry
- Storage Room
- Utility Room
- Wood Flooring
- Attic
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Unassigned Parking
Utilities
- Whole House Fan
- Window Unit Cooling System
- Heating System Uses Gas
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 19
- Assessor Parcel Number 31CRANSTONAV1NEWP
Community Details
Overview
- 6 Units
- Kay Subdivision
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2022
Closed on
May 19, 2022
Sold by
Tomaso Valerie and Tomaso Mark
Bought by
Biernack-Smith Anne M and Smith Kenneth
Seller's Agent
Ben Willett
RE/MAX Results
Buyer's Agent
Dawn McCauley
List Price
$949,000
Sold Price
$960,000
Premium/Discount to List
$11,000
1.16%
Total Days on Market
92
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,644
Avg. Annual Appreciation
9.81%
Original Mortgage
$816,000
Outstanding Balance
$781,768
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$488,062
Purchase Details
Listed on
Nov 17, 2020
Closed on
Nov 30, 2020
Sold by
Danis Sharon
Bought by
Tomaso Valerie and Tomaso Mark
Seller's Agent
Tammy Bass
Hogan Associates Christie's
Buyer's Agent
Kelly Powers
Hogan Associates Christie's
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.36%
Original Mortgage
$700,000
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 8, 2020
Closed on
Mar 12, 2020
Sold by
Gibbs Cathryn A
Bought by
Danis Sharon
Seller's Agent
Eric Kirton
Compass / Lila Delman Compass
Buyer's Agent
Tammy Bass
Hogan Associates Christie's
List Price
$695,000
Sold Price
$675,000
Premium/Discount to List
-$20,000
-2.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.54%
Purchase Details
Closed on
Sep 15, 2010
Sold by
Merola Richard and Volino Stephanie
Bought by
Gibbs Cathryn A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,200
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Biernack-Smith Anne M | $960,000 | None Available | |
| Tomaso Valerie | $780,000 | None Available | |
| Danis Sharon | $675,000 | None Available | |
| Gibbs Cathryn A | $379,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Biernack-Smith Anne M | $816,000 | |
| Previous Owner | Tomaso Valerie | $700,000 | |
| Previous Owner | Gibbs Cathryn A | $288,450 | |
| Previous Owner | Gibbs Cathryn A | $303,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $960,000 | +1.2% | $292 / Sq Ft |
| 02/15/2022 02/15/22 | For Sale | $949,000 | +21.7% | $289 / Sq Ft |
| 01/04/2021 01/04/21 | Sold | $780,000 | -2.4% | $322 / Sq Ft |
| 12/05/2020 12/05/20 | Pending | -- | -- | -- |
| 11/17/2020 11/17/20 | For Sale | $799,000 | +18.4% | $330 / Sq Ft |
| 03/13/2020 03/13/20 | Sold | $675,000 | -2.9% | $279 / Sq Ft |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 01/08/2020 01/08/20 | For Sale | $695,000 | -- | $287 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $8,057 | $980,200 | $0 | $980,200 |
| 2023 | $7,324 | $738,300 | $0 | $738,300 |
| 2022 | $7,095 | $738,300 | $0 | $738,300 |
| 2021 | $6,888 | $738,300 | $0 | $738,300 |
| 2020 | $6,052 | $588,700 | $0 | $588,700 |
| 2019 | $6,052 | $588,700 | $0 | $588,700 |
| 2018 | $5,881 | $588,700 | $0 | $588,700 |
| 2017 | $5,720 | $510,300 | $0 | $510,300 |
| 2016 | $5,578 | $510,300 | $0 | $510,300 |
| 2015 | $5,445 | $510,300 | $0 | $510,300 |
| 2014 | $6,149 | $509,900 | $0 | $509,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Willett
Seller's Agent in 2022
Ben Willett
RE/MAX Results
(401) 835-8810
7 in this area
125 Total Sales
-
D
Buyer's Agent in 2022
Dawn McCauley
-
Tammy Bass
Seller's Agent in 2021
Tammy Bass
Hogan Associates Christie's
(401) 430-0856
6 in this area
219 Total Sales
-
Kelly Powers
K
Buyer's Agent in 2021
Kelly Powers
Hogan Associates Christie's
(413) 896-9416
1 in this area
12 Total Sales
-
Eric Kirton
Seller's Agent in 2020
Eric Kirton
Compass / Lila Delman Compass
(401) 743-2744
7 in this area
104 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1303349
APN: NEWP-000019-000151-000001
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