$233,000
SOLD NOV 2, 2017

5 Simmons St Unit 3 Newport, RI 02840

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

Recently Sold

$338 Per Sq Ft

3% Below List Price

112 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • Golf Course Community
  • Cathedral Ceiling
  • 2-minute walk to Spencer Park

About This Home

As of March 2020

Located in the Lower Thames neighborhood of the Town of Newport, this property is full of natural light. With Cathedral ceilings, exposed wooden beams, and an open concept floor plan, the eat-in kitchen and living room flow seamlessly together. Plentiful windows enhance the brightness of the unit, and sunlight gleams off the hardwood floors. Two bedrooms, one full bathroom, and a walk-out to a sunny raised deck complete the property. This property is close to a host of nearby amenities. Just an easy stroll to a collection of nearby parks and athletic fields, the home is also within one mile of Newport’s renowned Cliff Walk, Salve Regina University, and beautiful Gooseberry Beach. Enjoy all the seaside shops and restaurants along Thames Street, or spend the day playing on the grass courts at the Newport Tennis Hall of Fame.

Last Agent to Sell the Property

Marisa Ferris

Residential Properties Ltd. License #RES.0034595 Listed on: 06/12/2017

Residential Properties Ltd.

Last Buyer's Agent

Sara Sullivan

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,446

Year Built

  • Built in 1890

HOA Fees

  • $359 Monthly HOA Fees

Home Design

  • Block Foundation
  • Clapboard

Interior Spaces

  • 689 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 5SimmonsSTNEWP

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,446

Year Built

Built in 1890

Lot Details

0

HOA Fees

$359 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Above Grade Finished Sq Ft: 689.0
  • Building Name: Five Simmons
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1890
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Oven, Range, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access,Third Floor or higher Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Cable TV
  • Living Area: 689.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Clapboard
  • Exterior Features: Deck
  • Foundation Details: Block
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Assigned, No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 359.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Dogs OK, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 5SimmonsSTNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2446.0
  • Tax Lot: 78
  • Tax Year: 2016

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%
Total Days on Market
112
Current Estimated Value
$562,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,549
Avg. Annual Appreciation
12.25%
Original Mortgage
$221,350
Outstanding Balance
$188,448
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$371,749

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 Type Sale Price Title Company
Warranty Deed $233,000 --
Deed $475,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $221,350 Purchase Money Mortgage
Previous Owner $380,000 Purchase Money Mortgage
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

    40 Total Sales

    Robert Swift
    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2020

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    47 in this area

    683 Total Sales

    Joe Fitzpatrick
    Section Image

  • M

    Seller's Agent in 2017

    Marisa Ferris

    Residential Properties Ltd.

    (401) 640-0170

    27 Total Sales

    Marisa Ferris
    Section Image

  • S

    Buyer's Agent in 2017

    Sara Sullivan

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1164278

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 and is currently priced at $233,000, approximately $338 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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