$780,000
SOLD JAN 4, 2021

31 Cranston Ave Unit 1 Newport, RI 02840

Kay-Catherine Neighborhood
3 Beds
3 Baths
2,423 Sq Ft
$459/mo HOA Fee

Recently Sold

$322 Per Sq Ft

2% Below List Price

17 Days on Market

Highlights

  • Marble Flooring
  • Tennis Courts
  • Walking Distance to Water
  • Attic
  • Balcony
  • 3-minute walk to Congdon Parks

About This Home

As of May 2022

Stunning story book condo awaits the next lucky owner! This elegant condo lives like a single family home, with surprising space and unique options for living and entertaining. Glass doors at the top of the grand entry staircase lead to an inviting landing, with study, perfect for working from home, and separated for privacy. Continue into the large living area with open concept dining. Spend cozy winter evenings in front of the wood burning fireplace, or step onto the private balcony complete with archway on warm summer days to soak in a Newport summer. The kitchen is a chef's dream with a commercial gas range, brand new Bosch refrigerator, gorgeous countertops, and ample storage. Guests can mingle in the seating area incorporated into the kitchen. Double glass doors lead to the bedrooms, where you'll find the master suite tucked at the end of the hall. A separate hallway leads to the bonus loft space, with 800 sq ft of entertaining space. Complete with a kitchenette and its own bathroom, the possibilities are endless. This condo is bursting with character and charm, unlike anything else you'll find in Newport. Perched at the corner of Kay Street, the walkability factor is a 10! Schedule your own private tour of this special property before it's too late.

Last Agent to Sell the Property

Tammy Bass

Hogan Associates Christie's License #RES.0040116 Listed on: 11/17/2020

Last Buyer's Agent

Kelly Powers

Hogan Associates Christie's License #RES.0032938

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,051

Year Built

  • Built in 1881

HOA Fees

  • $459 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,423 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Fireplace Features Masonry
  • Attic Fan

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 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

Home Security

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Balcony

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 151
  • Assessor Parcel Number 31CRANSTONAV1NEWP

Community Details

Overview

  • 6 Units
  • Kay/Broadway Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,051

Year Built

Built in 1881

Lot Details

0

HOA Fees

$459 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Kay/Broadway
  • Above Grade Finished Sq Ft: 2423.0
  • Building Name: Gray Terrace Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two, One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Townhouse
  • Year Built: 1881
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble
  • Interior Amenities: Attic, Wet Bar, Tub Shower
  • Living Area: 2423.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Balcony, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Attic Fan, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water, Radiant
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 5507.0
  • Association Fee Frequency: Annually
  • Pets Allowed: No
  • Common Interest: Condominium

Lot Info

  • Parcel #: 31CRANSTONAV1NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 6051.0
  • Tax Lot: 151
  • Tax Year: 2020

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%
Current Estimated Value
$1,380,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,800
Avg. Annual Appreciation
11.50%
Original Mortgage
$816,000
Outstanding Balance
$775,182
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$605,618

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
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
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $960,000 None Available
Warranty Deed $780,000 None Available
Warranty Deed $675,000 None Available
Deed $379,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $816,000 Purchase Money Mortgage
Previous Owner $700,000 Purchase Money Mortgage
Previous Owner $288,450 No Value Available
Previous Owner $303,200 Purchase Money Mortgage
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

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
2025 $7,038 $980,200 $0 $980,200
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

    131 Total Sales

    Ben Willett
    Section Image

  • D

    Buyer's Agent in 2022

    Dawn McCauley

  • Tammy Bass

    Seller's Agent in 2021

    Tammy Bass

    Hogan Associates Christie's

    (401) 430-0856

    5 in this area

    217 Total Sales

    Tammy Bass
    Section Image

  • K

    Buyer's Agent in 2021

    Kelly Powers

    Hogan Associates Christie's

    (413) 896-9416

    1 in this area

    10 Total Sales

    Kelly Powers
    Section Image
  • Eric Kirton

    Seller's Agent in 2020

    Eric Kirton

    Lila Delman Compass

    (401) 743-2744

    7 in this area

    94 Total Sales

    Eric Kirton
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1270202

State-Wide MLS

APN: NEWP-000019-000151-000001

Rhode Island Newport County Newport 02840 Kay-Catherine

31 Cranston Ave Unit 1, Newport, RI

This home is located at 31 Cranston Ave Unit 1, Newport, RI 02840 and is currently priced at $780,000, approximately $321 per square foot. This property was built in 1881. 31 Cranston Ave Unit 1 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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