NOT LISTED FOR SALE

58 Washington St Unit 5 Newport, RI 02840

Estimated Value: $855,000 - $1,248,000

1 Bed
1 Bath
885 Sq Ft
$401/mo HOA Fee

Last Sold June 22, 2021

Last sale price $575,000 $650 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,268/month

Highlights

  • Beach Front
  • Deck
  • Recreation Facilities
  • Marina
  • Furnished
  • 2-minute walk to Storer Park

About This Home

As of June 2021

Entered for comp purposes.

Last Agent to Sell the Property

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702 Listed on: 06/22/2021

Gustave White Sotheby's Realty

Last Buyer's Agent

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702 Listed on: 06/22/2021

Gustave White Sotheby's Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,327

Year Built

  • Built in 1890

Lot Details

  • Beach Front
  • Fenced

HOA Fees

  • $401 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Skylights
  • Thermal Windows
  • Water Views
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • No Garage
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 013-5
  • Assessor Parcel Number 5860WASHINGTONST5NEWP

Community Details

Overview

  • 6 Units
  • The Point Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,327

Year Built

Built in 1890

Lot Details

0

HOA Fees

$401 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 885.0
  • Building Name: Driftwood Condominiums
  • 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: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Storm Door(s)
  • Entry Location: First Floor Access,Private Entry,Third Floor or hi
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Skylights, Tub Shower, Furnished, Cable TV
  • Living Area: 885.0
  • Stories: 1
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Clapboard, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage, Unassigned
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless, Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Recreation Area, Shopping, Sidewalks
  • Senior Community: No
  • Association Fee: 400.68
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Common Interest: Condominium

Lot Info

  • Parcel #: 5860WASHINGTONST5NEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 4327.0
  • Tax Lot: 013-5
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jun 22, 2021
Sold by
Bland Claire and Bland Christopher
Bought by
Hayes Janice K and Hayes John F
Seller's Agent
Jose Aguon
Gustave White Sotheby's Realty
Buyer's Agent
Jose Aguon
Gustave White Sotheby's Realty
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$980,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,326
Avg. Annual Appreciation
13.05%
Original Mortgage
$420,469
Outstanding Balance
$380,682
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$599,644

Purchase Details

Closed on
Oct 16, 2007
Sold by
Rate-Quinn Muriel E
Bought by
Bland Christopher and Bland Claire
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 Buyer Sale Price Title Company
Hayes Janice K $560,625 None Available
Bland Christopher $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Janice K $420,469
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $575,000 0.0% $650 / Sq Ft
06/22/2021 06/22/21 For Sale $575,000 -- $650 / 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 $8,837 $1,017,000 $0 $1,017,000
2024 $8,787 $1,069,000 $0 $1,069,000
2023 $4,789 $482,800 $0 $482,800
2022 $4,640 $482,800 $0 $482,800
2021 $4,505 $482,800 $0 $482,800
2020 $4,328 $421,000 $0 $421,000
2019 $4,328 $421,000 $0 $421,000
2018 $4,206 $421,000 $0 $421,000
2017 $4,719 $421,000 $0 $421,000
2016 $4,602 $421,000 $0 $421,000
2015 $4,492 $421,000 $0 $421,000
2014 $4,506 $373,600 $0 $373,600
Source: Public Records

Agents Affiliated with this Home

  • Jose Aguon

    Seller's Agent in 2021

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    7 in this area

    28 Total Sales

    Jose Aguon
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Map

Source: State-Wide MLS

MLS Number: 1285869

State-Wide MLS

APN: NEWP-000016-000013-000005

Rhode Island Newport County Newport 02840

58 Washington St Unit 5, Newport, RI

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