NOT LISTED FOR SALE

Estimated Value: $638,000 - $932,740

2 Beds
2 Baths
966 Sq Ft
$420/mo HOA Fee

Last Sold April 28, 2020

Last sale price $435,000 $450 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,130/month

250 Days on Market

Highlights

  • Marina
  • Deck
  • 1 Fireplace
  • Waterfront
  • Wood Flooring
  • 3-minute walk to Aquidneck Park

About This Home

As of April 2020

Gorgeous third floor unit with sprawling harbor views and a solid rental history! Located at the end of Lee's Wharf in the heart of downtown's Yachting Village, this breathtaking 2 bedroom, 2 bathroom condo would be a great place to call your home, home-away from-home or a solid investment opportunity. Its fireplace offers a comfortable and warm luxury for year-round lodging. It's private balcony hosts some of the most vivid and surreal sunset views over the harbor. One designated off-street parking spot. If you're looking to be or own within about a mile of the beach and close to downtown's famous wharfs, shops, restaurants, and all of Newport's historical charm this might just be the perfect place for you!

Last Agent to Sell the Property

Madeline Andrews

RE/MAX Results License #RES.0042240 Listed on: 07/22/2019

RE/MAX Results

Co-Listed By

Kevin Castner

RE/MAX Results License #RES.0035348

Last Buyer's Agent

William O'Hanley

BHHS Commonwealth Real Estate License #RES.0030868

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,604

Year Built

  • Built in 1988

Lot Details

  • Waterfront
  • Paved or Partially Paved Lot

HOA Fees

  • $420 Monthly HOA Fees

Home Design

  • Wood Siding
  • Clapboard

Interior Spaces

  • 966 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Water Views
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 047
  • Assessor Parcel Number 433THAMESSTCNEWP

Community Details

Overview

  • 5 Units
  • Yachting Village Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,604

Year Built

Built in 1988

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.0247
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Yachting Village
  • Above Grade Finished Sq Ft: 966.0
  • Building Name: Lees Wharf Marketplace
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Three Or More, One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1988
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Interior Entry, None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Third Floor or higher Access
  • Fireplace Features: Tile
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 966.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Paved, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Clapboard, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No
  • Amenities: Restaurant
  • Association Fee: 420.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 1078.0
  • Parcel #: 433THAMESSTCNEWP
  • Zoning: WB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 5

Tax Info

  • Tax Annual Amount: 3604.0
  • Tax Lot: 047
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Barnum Jacqueline C
Bought by
Mcewen Brian and Mcewen Lori
Total Days on Market
250
Current Estimated Value
$799,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$342,885
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$456,300

Purchase Details

Listed on
Jul 22, 2019
Closed on
Apr 8, 2020
Sold by
Blukin Llc
Bought by
Barnum Jacqueline C
Seller's Agent
Madeline Andrews
RE/MAX Results
Buyer's Agent
William O'Hanley
BHHS Commonwealth Real Estate
List Price
$499,000
Sold Price
$435,000
Premium/Discount to List
-$64,000
-12.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$420,068
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2016
Closed on
Sep 15, 2016
Sold by
Morel Dennis and Morel Diane
Bought by
Bluklin Llc
Seller's Agent
Thomas Simjian
Keller Williams Coastal
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$424,900
Sold Price
$389,000
Premium/Discount to List
-$35,900
-8.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%

Purchase Details

Closed on
Jul 2, 2010
Sold by
Payne Dorothy D
Bought by
Morel Dennis and Morel Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.88%
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
Mcewen Brian $670,000 None Available
Barnum Jacqueline C $435,000 None Available
Bluklin Llc $389,000 --
Morel Dennis $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcewen Brian $350,000
Previous Owner Barnum Jacqueline C $420,068
Previous Owner Morel Dennis $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2020 04/28/20 Sold $435,000 -12.8% $450 / Sq Ft
03/29/2020 03/29/20 Pending -- -- --
07/22/2019 07/22/19 For Sale $499,000 +28.3% $517 / Sq Ft
09/15/2016 09/15/16 Sold $389,000 -8.4% $403 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $424,900 -- $440 / 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 $5,613 $682,900 $0 $682,900
2023 $4,368 $440,300 $0 $440,300
2022 $4,231 $440,300 $0 $440,300
2021 $4,108 $440,300 $0 $440,300
2020 $3,604 $350,600 $0 $350,600
2019 $3,604 $350,600 $0 $350,600
2018 $3,502 $350,600 $0 $350,600
2017 $3,605 $321,600 $0 $321,600
2016 $3,515 $321,600 $0 $321,600
2015 $3,431 $321,600 $0 $321,600
2014 $3,713 $307,900 $0 $307,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1230125

State-Wide MLS

APN: NEWP-000032-000047-C000000