NOT LISTED FOR SALE

56 Old Beach Rd Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $1,209,000 - $2,354,000

4 Beds
2.5 Baths
2,292 Sq Ft
$841/Sq Ft Est. Value

Last Sold October 20, 2014

Last sale price $995,000 $434 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $11,272/month

70 Days on Market

Highlights

  • Marina
  • Cathedral Ceiling
  • Attic
  • Golf Course Community
  • Wood Flooring
  • Tennis Courts

About This Home

As of October 2014

One level living, in this Mark Horan custom built home, with cathedral ceilings, Anderson windows, spacious rooms, hardwood floors, granite and Corian counters and handsome details. Conveniently located a short walk to town, the beach & Cliff Walk.

Last Agent to Sell the Property

Kathleen Greenman

Gustave White Sotheby's Realty License #RES.0014874 Listed on: 07/11/2014

Gustave White Sotheby's Realty

Last Buyer's Agent

Virginia Baldwin

Gustave White Sotheby's Realty License #RES.0014239

Gustave White Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,047

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Fenced
  • Property is zoned R-20

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,292 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Fireplace Features Masonry
  • Thermal Windows
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 56OLDBEACHRDNEWP

Community Details

Overview

  • Kay/Catherine B/T Beach And Town Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,047

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4597
  • Subdivision Name: KAY/CATHERINE B/T BEACH AND TOWN
  • Above Grade Finished Sq Ft: 2292.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1995
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Cathedral Ceiling(s), High Ceilings, Storage, Vaulted Ceiling(s), Cable TV
  • Living Area: 2292.0
  • Stories: 1
  • Window Features: Thermal Windows

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 14.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 20025.0
  • Parcel #: 56OLDBEACHRDNEWP
  • Zoning: R-20

Tax Info

  • Tax Annual Amount: 9047.0
  • Tax Lot: 82
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2014
Closed on
Oct 20, 2014
Sold by
Richard D Elmasian Ret
Bought by
Reed Walter G
Seller's Agent
Kathleen Greenman
Gustave White Sotheby's Realty
Buyer's Agent
Virginia Baldwin
Gustave White Sotheby's Realty
List Price
$995,000
Sold Price
$995,000
Current Estimated Value
$1,927,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$932,666
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Aug 2, 2004
Sold by
Sadler John and Sadler Catherine
Bought by
Elmasian Melissa and Elmasian Richard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reed Walter G $510,836 --
Reed Walter G $484,164 --
Elmasian Melissa $930,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elmasian Melissa $396,000
Previous Owner Elmasian Melissa $417,000
Previous Owner Elmasian Melissa $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2014 10/20/14 Sold $995,000 0.0% $434 / Sq Ft
09/20/2014 09/20/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $995,000 -- $434 / 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
2025 $13,459 $1,549,000 $840,100 $708,900
2024 $12,733 $1,549,000 $840,100 $708,900
2023 $9,403 $947,900 $521,800 $426,100
2022 $9,109 $947,900 $521,800 $426,100
2021 $8,844 $947,900 $521,800 $426,100
2020 $10,288 $1,000,800 $523,500 $477,300
2019 $10,288 $1,000,800 $523,500 $477,300
2018 $9,998 $1,000,800 $523,500 $477,300
2017 $9,249 $825,100 $422,800 $402,300
2016 $9,018 $825,100 $422,800 $402,300
2015 $8,433 $790,300 $422,800 $367,500
2014 $9,318 $772,600 $367,700 $404,900
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Greenman

    Seller's Agent in 2014

    Kathleen Greenman

    Gustave White Sotheby's Realty

    (401) 848-6727

    3 in this area

    73 Total Sales

    Kathleen Greenman
    Section Image

  • V

    Buyer's Agent in 2014

    Virginia Baldwin

    Gustave White Sotheby's Realty

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1073305

State-Wide MLS

APN: NEWP-000026-000000-000082

Rhode Island Newport County Newport 02840 Old Beach

56 Old Beach Rd, Newport, RI

Not Listed for Sale

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