50 Old Beach Rd Unit 8 Newport, RI 02840
Old Beach Neighborhood
1
Bed
1.5
Baths
766
Sq Ft
$614/mo
HOA Fee
Highlights
- Wood Flooring
- Ductless Heating Or Cooling System
- Heat Pump System
- 1 Fireplace
- Bathtub with Shower
About This Home
As of September 2024Discover timeless elegance at 50 Old Beach Road, #8, in Historic Belair. Built in 1850 as a summer house for New York oil baron H. Allen Wright, this grand estate showcases exquisite architectural details both inside and out. Originally constructed in the Italianate style with roughly dressed stone, the property was expanded and renovated in 1867 by renowned Newport architect Dudley Newton after being sold to George Henry Norman. This first-floor, single-level condominium is a perfect pied- -terre in one of Newport's best locations. Walk to Bellevue Avenue's vibrant shops and restaurants, the historic Redwood Library, and The Newport Art Museum. The 1-bedroom, 1.5-bath unit offers unparalleled character and formerly served as the estate's billiards room. The condo exudes warmth with its mahogany paneled walls, 13' coffered wooden ceilings, and abundant natural light from large pane windows on the north and east sides. Original details such as oversized doors, ornate woodwork, and hardwood floors add to the unit's historic allure. Modern amenities include Fujitsu Mini-split systems in the living room and bedroom for efficient heating and cooling. A private entrance with adjacent parking completes this unique offering. Embrace the rich history, convenience, and serenity of living at Belair. This exceptional condo offers the perfect blend of historic charm and modern convenience in the heart of Newport.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,940
Year Built
- Built in 1880
HOA Fees
- $614 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Combination Foundation
- Masonry
Interior Spaces
- 766 Sq Ft Home
- 1-Story Property
- 1 Fireplace
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Bedroom
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 1 Parking Space
- No Garage
- Assigned Parking
Utilities
- Ductless Heating Or Cooling System
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 081
- Assessor Parcel Number 50OLDBEACHRD8NEWP
Community Details
Overview
- Association fees include hot water, ground maintenance, snow removal, trash
- 11 Units
- Old Beach Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2024
Closed on
Sep 4, 2024
Sold by
Dempsey Donna
Bought by
Sanders Donald T and Sanders Vanessa J
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Lahna Son-Cundy
Mott & Chace Sotheby's Intl.
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Total Days on Market
63
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,220
Avg. Annual Appreciation
-1.00%
Purchase Details
Closed on
Nov 19, 1998
Sold by
Friedeberg Pamela B and Friedeberg William J
Bought by
Dempsey Donna L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.49%
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $575,000 | None Available | |
| Condominium Deed | $575,000 | None Available | |
| Warranty Deed | $100,000 | -- | |
| Warranty Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $62,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $575,000 | +4.5% | $751 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 06/17/2024 06/17/24 | For Sale | $550,000 | -- | $718 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $4,343 | $528,400 | $0 | $528,400 |
| 2023 | $2,668 | $269,000 | $0 | $269,000 |
| 2022 | $2,585 | $269,000 | $0 | $269,000 |
| 2021 | $2,510 | $269,000 | $0 | $269,000 |
| 2020 | $2,831 | $275,400 | $0 | $275,400 |
| 2019 | $2,831 | $275,400 | $0 | $275,400 |
| 2018 | $2,751 | $275,400 | $0 | $275,400 |
| 2017 | $3,887 | $346,700 | $0 | $346,700 |
| 2016 | $3,789 | $346,700 | $0 | $346,700 |
| 2015 | $3,699 | $346,700 | $0 | $346,700 |
| 2014 | $3,105 | $257,500 | $0 | $257,500 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Fitzpatrick
Seller's Agent in 2024
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
6 in this area
683 Total Sales
-
Lahna Son-Cundy
L
Buyer's Agent in 2024
Lahna Son-Cundy
Mott & Chace Sotheby's Intl.
(401) 662-2833
3 in this area
27 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1361792
APN: NEWP-000026-000081-000008
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