NOT LISTED FOR SALE

5 Simmons St Unit 3 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $517,463 - $658,000

2 Beds
1 Bath
689 Sq Ft
$359/mo HOA Fee

Last Sold March 23, 2020

Last sale price $304,000 $441 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,844/month

1 Day on Market

Highlights

  • Cathedral Ceiling
  • Bathtub with Shower
  • Heating System Uses Steam
  • Skylights
  • Storage Room
  • 2-minute walk to Spencer Park

About This Home

As of March 2020

Recently renovated 2-bed condo just off Lower Thames St. Fantastic location, enjoy the luxury of walking to everything downtown Newport has to offer! The unit comes with 2 tandem off-street parking spots, washer and dryer in unit, cathedral ceilings, and private outdoor deck. Equipped with many improvements, such as a brand new modern kitchen and bath with granite counters, new flooring, upgraded plumbing and electrical, stainless steel appliances, lighting, and new replacement windows throughout. Association fees also include the cost of water, heat, and insurance. Great opportunity to close and settle into your Newport condo before the start of the Summer!

Last Agent to Sell the Property

Robert Swift

Edge Realty RI License #RES.0040245 Listed on: 02/20/2020

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,403

Year Built

  • Built in 1890

HOA Fees

  • $359 Monthly HOA Fees

Home Design

  • Brick Foundation
  • Stone Foundation
  • Clapboard

Interior Spaces

  • 689 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights
  • Storage Room
  • Utility Room
  • Vinyl Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 5SIMMONSST3NEWP

Community Details

Overview

  • 3 Units
  • Lower Thames Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,403

Year Built

Built in 1890

Lot Details

0

HOA Fees

$359 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: Lower Thames
  • Above Grade Finished Sq Ft: 689.0
  • Building Name: 5 Simmons Street Condominium
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1890
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Common Water Heater, Dryer, Dishwasher, Exhaust Fan, Disposal, Oil Water Heater, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower
  • Living Area: 689.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Clapboard
  • Foundation Details: Brick/Mortar, Stone

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 359.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 5SIMMONSST3NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 2403.0
  • Tax Lot: 78
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Nov 2, 2017
Sold by
Sullivan George T
Bought by
Sheridan Karolien
Seller's Agent
Marisa Ferris
Residential Properties Ltd.
Buyer's Agent
Sara Sullivan
List Price
$240,000
Sold Price
$233,000
Premium/Discount to List
-$7,000
-2.92%
Current Estimated Value
$586,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,366
Avg. Annual Appreciation
12.58%
Original Mortgage
$221,350
Outstanding Balance
$187,579
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$398,787

Purchase Details

Closed on
Jun 6, 2005
Sold by
Whatmough Garyn and Kipp Kenneth
Bought by
Sullivan George T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.83%
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 Buyer Sale Price Title Company
Sheridan Karolien $233,000 --
Sullivan George T $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheridan Karolien $221,350
Previous Owner Sullivan George T $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2020 03/23/20 Sold $304,000 -1.6% $441 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $309,000 +32.6% $448 / Sq Ft
11/02/2017 11/02/17 Sold $233,000 -2.9% $338 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $240,000 -- $348 / 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 $3,483 $423,700 $0 $423,700
2023 $2,790 $281,200 $0 $281,200
2022 $2,702 $281,200 $0 $281,200
2021 $2,624 $281,200 $0 $281,200
2020 $2,301 $223,800 $0 $223,800
2019 $2,301 $223,800 $0 $223,800
2018 $2,236 $223,800 $0 $223,800
2017 $2,509 $223,800 $0 $223,800
2016 $2,446 $223,800 $0 $223,800
2015 $2,388 $223,800 $0 $223,800
2014 $2,396 $198,700 $0 $198,700
Source: Public Records

Agents Affiliated with this Home

  • Robert Swift

    Seller's Agent in 2020

    Robert Swift

    Edge Realty RI

    (401) 644-9016

    36 Total Sales

    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2020

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    49 in this area

    700 Total Sales

    Section Image

  • M

    Seller's Agent in 2017

    Marisa Ferris

    Residential Properties Ltd.

    (401) 640-0170

    26 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Sara Sullivan

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1247716

State-Wide MLS

APN: NEWP-000039-000078-000003

Rhode Island Newport County Newport 02840 Fifth Ward

5 Simmons St Unit 3, Newport, RI

This home is located at 5 Simmons St Unit 3, Newport, RI 02840 since 20 February 2020 and is currently estimated at $586,366, approximately $851 per square foot. This property was built in 1890. 5 Simmons St Unit 3 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.

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