NOT LISTED FOR SALE

50 Old Beach Rd Unit 10 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $560,000 - $658,000

2 Beds
1 Bath
735 Sq Ft
$828/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $399,900 $544 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,871/month

About This Home

Current tenants in place - Amazing opportunity to own a condo (or two!) at the historic Belair . Heading down the windy driveway to the Annex building, this impressive property provides a wonderful feeling of privacy while also having easy access to all of what Newport has to offer, typically only a short walk or bike ride away. Unit 10 is located on the first floor of the annex building which features 2 bedrooms, 1 full bath, a porch & a private patio area, and is 735 sqft - but quite spacious! The unit provides 2 tandem parking spaces as well as additional guest parking. Again, the location is prime; only minutes away from downtown Newport, beaches, the cliff walk, dining, and shopping. Both unit 10 & 11 are being sold and have the potential to be converted into one unit per the association. See MLS number 1284548 for more information about Unit 11.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2017
Sold by
Colaneri Mary E and Hale Harold D
Bought by
Hale Pamela
Current Estimated Value
$608,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Outstanding Balance
$233,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$375,365
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
Hale Pamela $345,000 --
Hale Pamela $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Pamela $276,000
Closed Hale Pamela $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2021 11/01/21 Sold $399,900 0.0% $544 / Sq Ft View Prior Sale
10/02/2021 10/02/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $399,900 0.0% $544 / Sq Ft
01/18/2014 01/18/14 Rented $1,250 -7.4% --
12/19/2013 12/19/13 Under Contract -- -- --
09/23/2013 09/23/13 For Rent $1,350 -- --

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 $3,881 $446,700 $0 $446,700
2024 $3,672 $446,700 $0 $446,700
2023 $2,436 $245,600 $0 $245,600
2022 $2,116 $220,200 $0 $220,200
2021 $2,054 $220,200 $0 $220,200
2020 $2,496 $242,800 $0 $242,800
2019 $2,496 $242,800 $0 $242,800
2018 $2,426 $242,800 $0 $242,800
2017 $2,722 $242,800 $0 $242,800
2016 $2,654 $242,800 $0 $242,800
2015 $2,591 $242,800 $0 $242,800
2014 $2,171 $180,000 $0 $180,000
Source: Public Records

Agents Affiliated with this Home

  • Katelynn Cahill

    Seller's Agent in 2021

    Katelynn Cahill

    Real Broker, LLC

    (401) 757-0012

    2 in this area

    22 Total Sales

    Katelynn Cahill
    Section Image

  • C

    Seller's Agent in 2014

    Carol Hale

    Williams & Stuart Real Estate

    Section Image
  • Susan Bernard

    Buyer's Agent in 2014

    Susan Bernard

    New England Premier R.E.

    (401) 743-7570

    8 Total Sales

    Susan Bernard
    Section Image
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Map

Rhode Island Newport County Newport 02840 Old Beach

50 Old Beach Rd Unit 10, Newport, RI

Not Listed for Sale

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