NOT LISTED FOR SALE

50 Old Beach Rd Unit 5 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $573,989 - $676,000

1 Bed
1.5 Baths
631 Sq Ft
$395/mo HOA Fee

Last Sold December 05, 2022

Last sale price $510,000 $808 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,041/month

24 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Water Access
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of December 2022

Charming unit in historic "Belair", formerly the residence of the George Norman family whose daughter, Mabel, donated the family farm to create Middletown's Norman Bird Sanctuary. This stylish second floor residence showcases many original archtectural details which include 12' ceilings, herringbone hardwoods throughout and custom built-ins and wood burning fireplace in the living room. The kitchen features granite countertops, stone floor and stainless steel appliances. Full bath with tiled shower, marble vanity and custom designed mirrored wall cabinet. Entryway was restored to its original appearance and a half bath with Colorado marble and a loft were added. New Heat/AC unit installed. Building improvements include a new slate roof and a refitted elevator reminiscent of days gone by. Enjoy the lovely grounds in this ideal Newport location. Close to the Redwood Library, Newport Art Museum, Bellevue Avenue shops and restaurants and First Beach. Truly a gem!

Last Agent to Sell the Property

Gloria Dunn

Gustave White Sotheby's Realty License #RES.0028869 Listed on: 09/19/2022

Gustave White Sotheby's Realty

Last Buyer's Agent

Steven Toole

Kavanaugh Grant Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,301

Year Built

  • Built in 1850

HOA Fees

  • $395 Monthly HOA Fees

Home Design

  • Stone Foundation
  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 631 Sq Ft Home
  • 4-Story Property
  • Marble Fireplace
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Water Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 081
  • Assessor Parcel Number 50OLDBEACHRD5NEWP

Community Details

Overview

  • Association fees include cable TV, hot water, internet, laundry, ground maintenance, parking, snow removal, trash, water
  • 11 Units
  • Kay/Catherine Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,301

Year Built

Built in 1850

Lot Details

0

HOA Fees

$395 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Inclusions: NOT conveying with the sale are the two mirrors in entryway. Small chest and wall decorations in half bath. Two small chests and red chair in loft.
  • Subdivision Name: Kay/Catherine
  • Above Grade Finished Sq Ft: 631.0
  • Building Name: Belair
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two, One
  • New Construction: No
  • Building Stories: 4
  • Year Built: 1850
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Common Water Heater, Dishwasher, Disposal, Oven, Range, Refrigerator, Range Hood
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Elevator,First Floor Access
  • Fireplace Features: Marble
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Other
  • Interior Amenities: Tub Shower
  • Living Area: 631.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Plaster, Wood Siding, Masonry
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone

Garage/Parking

  • Parking Features: Assigned, No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Amenities: Garden Area
  • Association Fee: 395.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Cable TV, Hot Water, Internet, Laundry, Maintenance Grounds, Parking, Snow Removal, Trash, Water

Lot Info

  • Parcel #: 50OLDBEACHRD5NEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 11

Tax Info

  • Tax Annual Amount: 2301.0
  • Tax Lot: 081
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2013
Closed on
Apr 26, 2013
Sold by
Rawson Robert and Rawson Karen
Bought by
Zgodic Gorica and Zgodic Zlatan
Seller's Agent
Alice Sheerin
Teri Degnan RE & Consulting
Buyer's Agent
Donna Kennedy
RE/MAX ADVANTAGE GROUP
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Total Days on Market
24
Current Estimated Value
$615,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,247
Avg. Annual Appreciation
4.87%
Original Mortgage
$225,000
Outstanding Balance
$156,912
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$410,485

Purchase Details

Closed on
Apr 27, 2007
Sold by
Dempsey Donna L
Bought by
Rawson Karen and Rawson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Zgodic Gorica $315,000 --
Rawson Karen $291,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rawson Karen $225,000
Closed Rawson Karen $15,000
Previous Owner Rawson Karen $181,000
Previous Owner Rawson Karen $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $510,000 +5.2% $808 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $485,000 +54.0% $769 / Sq Ft
04/26/2013 04/26/13 Sold $315,000 -3.1% $499 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
03/06/2013 03/06/13 For Sale $325,000 -- $515 / 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 $3,844 $467,600 $0 $467,600
2023 $2,375 $239,400 $0 $239,400
2022 $2,301 $239,400 $0 $239,400
2021 $2,234 $239,400 $0 $239,400
2020 $2,481 $241,300 $0 $241,300
2019 $2,481 $241,300 $0 $241,300
2018 $2,411 $241,300 $0 $241,300
2017 $3,403 $303,600 $0 $303,600
2016 $3,318 $303,600 $0 $303,600
2015 $3,239 $303,600 $0 $303,600
2014 $2,721 $225,600 $0 $225,600
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gloria Dunn

    Gustave White Sotheby's Realty

    2 in this area

    19 Total Sales

    Gloria Dunn
    Section Image

  • S

    Buyer's Agent in 2022

    Steven Toole

    Kavanaugh Grant Real Estate

  • S

    Buyer's Agent in 2022

    Steven Tooel

    JMG RHODE ISLAND

    Section Image
  • Alice Sheerin

    Seller's Agent in 2013

    Alice Sheerin

    Teri Degnan RE & Consulting

    (401) 935-1601

    24 Total Sales

    Alice Sheerin
    Section Image
  • Donna Kennedy

    Buyer's Agent in 2013

    Donna Kennedy

    RE/MAX ADVANTAGE GROUP

    (401) 639-6166

    44 Total Sales

    Donna Kennedy
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1320085

State-Wide MLS

APN: NEWP-000026-000081-000005

Rhode Island Newport County Newport 02840 Old Beach

50 Old Beach Rd Unit 5, Newport, RI

This home is located at 50 Old Beach Rd Unit 5, Newport, RI 02840 since 19 September 2022 and is currently estimated at $615,247, approximately $975 per square foot. This property was built in 1850. 50 Old Beach Rd Unit 5 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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