NOT LISTED FOR SALE

70 Carroll Ave Unit 508 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $403,697 - $585,000

2 Beds
1 Bath
708 Sq Ft
$446/mo HOA Fee

Last Sold June 08, 2020

Last sale price $225,000 $318 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,004/month

241 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Window Unit Cooling System
  • Golf Course Community
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of June 2020

Welcome to Ocean's Way. This second floor two bedroom recently renovated condo located just off of Thames St in the Fifth Ward is a great opportunity to purchase in Newport. Updates include new kitchen & bath. Hardwoods throughout the living room and bedrooms make this 2 bedroom unit warm and inviting. This low maintenance property would make a great investment property, summer home, or full time residence! Located in a well-run association, this unit comes with off-street parking, laundry facilities and locked storage in the basement. Heat and water are in the condo fees. A quick walk downtown and less than a mile to Gooseberry Beach!  Stellar rental history makes for a Great Investment!!

Last Agent to Sell the Property

The Donovan Group

Homes By Connect Listed on: 09/10/2019

Last Buyer's Agent

Marnee Grzebien

Bay Realty Ltd

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 1962

HOA Fees

  • $446 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 708 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 1 Parking Space
  • No Garage
  • Unassigned Parking

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number 70CARROLLAV508NEWP

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,331

Year Built

Built in 1962

Lot Details

0

HOA Fees

$446 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Above Grade Finished Sq Ft: 708.0
  • Building Name: Ocean's Way
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1962
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 708.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Brick
  • Foundation Details: See Remarks

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 446.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 70CARROLLAV508NEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1331.0
  • Tax Lot: 003
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
May 7, 2020
Sold by
Barrese Paul A and Barrese Gina
Bought by
Ditto Hannah C
Seller's Agent
The Donovan Group
Homes By Connect
Buyer's Agent
Marnee Grzebien
Bay Realty Ltd
List Price
$249,000
Sold Price
$225,000
Premium/Discount to List
-$24,000
-9.64%
Current Estimated Value
$452,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,924
Avg. Annual Appreciation
13.70%
Original Mortgage
$176,000
Outstanding Balance
$155,960
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$296,964

Purchase Details

Listed on
Jan 8, 2016
Closed on
Apr 8, 2016
Sold by
Clark Barry W and Clark Mary C
Bought by
Barrese Gina and Barrese Paul A
Seller's Agent
Barry Clark
BerkshireHathaway HomeServices
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$152,000
Sold Price
$145,000
Premium/Discount to List
-$7,000
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$116,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2015
Sold by
Obrien Lisa C
Bought by
Clark Barry W and Clark Mary C

Purchase Details

Closed on
Sep 14, 2007
Sold by
Brace Theresa and Brace Rita
Bought by
Clark Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ditto Hannah C $225,000 None Available
Barrese Gina $145,000 --
Clark Barry W $125,000 --
Clark Lisa M $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ditto Hannah C $176,000
Previous Owner Barrese Gina $116,000
Previous Owner Clark Lisa M $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2025 07/29/25 Off Market $2,500 -- --
07/23/2025 07/23/25 Price Changed $2,500 +8.7% $4 / Sq Ft
07/21/2025 07/21/25 Price Changed $2,300 -4.2% $3 / Sq Ft
07/21/2025 07/21/25 Price Changed $2,400 -4.0% $3 / Sq Ft
06/03/2025 06/03/25 For Rent $2,500 0.0% --
06/08/2020 06/08/20 Sold $225,000 -9.6% $318 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
09/10/2019 09/10/19 For Sale $249,000 0.0% $352 / Sq Ft
12/18/2018 12/18/18 Rented $1,400 -9.7% --
11/18/2018 11/18/18 Under Contract -- -- --
09/24/2018 09/24/18 For Rent $1,550 0.0% --
04/08/2016 04/08/16 Sold $145,000 -4.6% $205 / Sq Ft View Prior Sale
03/09/2016 03/09/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $152,000 -- $215 / 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 $2,076 $289,200 $0 $289,200
2024 $2,377 $289,200 $0 $289,200
2023 $1,915 $193,000 $0 $193,000
2022 $1,855 $193,000 $0 $193,000
2021 $1,801 $193,000 $0 $193,000
2020 $1,370 $133,300 $0 $133,300
2019 $1,370 $133,300 $0 $133,300
2018 $1,332 $133,300 $0 $133,300
2017 $1,387 $123,700 $0 $123,700
2016 $1,352 $123,700 $0 $123,700
2015 $1,320 $123,700 $0 $123,700
2014 $1,336 $110,800 $0 $110,800
Source: Public Records

Agents Affiliated with this Home

  • The Donovan Group

    Seller's Agent in 2020

    The Donovan Group

    Homes By Connect

    (401) 323-3546

    2 in this area

    209 Total Sales

    The Donovan Group
    Section Image

  • M

    Buyer's Agent in 2020

    Marnee Grzebien

    Bay Realty Ltd

  • Elaine Reavey

    Seller Co-Listing Agent in 2018

    Elaine Reavey

    Keller Williams Coastal

    (401) 258-4789

    1 Total Sale

    Elaine Reavey
    Section Image

  • B

    Seller's Agent in 2016

    Barry Clark

    BerkshireHathaway HomeServices

  • Chad Kritzas

    Buyer's Agent in 2016

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    5 in this area

    196 Total Sales

    Chad Kritzas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1234631

State-Wide MLS

APN: NEWP-000040-000003-000508

Rhode Island Newport County Newport 02840 Fifth Ward

70 Carroll Ave Unit 508, Newport, RI

Not Listed for Sale

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