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1 Oakwood Terrace

1 Oakwood Terrace, Newport, RI 02840
House in Newport
Local assessors in Newport, RI have categorized 1 Oakwood Terrace as a residential type of property. The home was built in 1900 and is 124 years old. It was most recently renovated and altered in 1992. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1 Oakwood Terrace has a total of 855 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of slate. Lots of rock and stone were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 1, 1970 for $135,000. That's $157.89 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $194,000. 1 Oakwood Terrace was last assessed in 2023. The total value of the property was assessed at $333,000. While improvements on the property were assessed at a total of $333,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $3,303. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Masonry Exterior
Wood Exterior
This property description is generated based on publicly available data.

7 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240209 Unit 1
02/09/2024
1
1 Bed
1 Bath
855 ft²
$549,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
855 ft²
-
-
-
Leslie Hogan
Hogan Associates
20230721 Unit 2
07/21/2023
2
1 Bed
1 Bath
980 ft²
$700,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
980 ft²
-
-
-
Fitzpatrick Team
Remax
20230321 Unit 4
03/21/2023
4
1 Bed
1 Bath
810 ft²
$475,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
810 ft²
$468,000 -1.47%
05/31/2023
The Hadfield Group
Hogan Associates
20220527 Unit 6
05/27/2022
6
2 Bed
2 Bath
1515 ft²
$899,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1515 ft²
$836,000 -7.01%
10/14/2022
-
Martha Easley
Benchmark Associates, Inc.
20220523 Unit 3
05/23/2022
3
1 Bed
2 Bath
1500 ft²
$849,000
bedrooms
1 Bed
bathrooms
2 Bath
square feet
1500 ft²
-
-
-
Annamarie Ringheim
Mott & Chace Sotheby's Intl.
20210126 Unit 6
01/26/2021
6
2 Bed
2 Bath
1515 ft²
$775,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1515 ft²
$765,000 -1.29%
06/01/2021
The Chad Kritzas Team
20200716 Unit 7
07/16/2020
7
2 Bed
2 Bath
1015 ft²
$395,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1015 ft²
$382,000 -3.29%
09/15/2020
Edith Cushing

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Rock and stone
  • Roof Shape Type: Gable
  • Roof Cover Type: Slate
  • Floor Count: 1
  • Living Units: 9
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 855
  • Gross Building Area: 855
  • Building Area: 855
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 855
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHITESTONE
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : WARNER MELITA MERRITT
  • Previous Owner : MARTIN BRIAN E
  • Previous Owner 2: MARTIN AGNES
  • Owner Before Previous Owner: BRONSTEIN BARRY

Neighborhood

  • School District Name: Newport School District
  • School Tax School District: NEWPORT PS
  • Census Tract: 040800

Zoning

  • Zoning: R20

Geography

  • Account Number: R05008
  • Parcel: NEWP M:026 B:0071 L:1
  • Block: 71
  • Lot: 1
  • Municipality: NEWPORT
  • Latitude: 41.4861
  • Longitude: -71.3034

    Address

  • Full Address: 1 Oakwood Ter
  • Address - House Number: 1
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ter
  • State: RI
  • City Name: Newport
  • Carrier Code: C008
  • 4-Digit Zip Code: 3179
  • Zip Code: 02840

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,303

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 67
  • Final Value: 488,263
  • High Value: 601,731
  • Low Value: 374,794

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $40,000
  • First Open Lien Mortgage Lender: PEOPLES CU
  • First Open Lien Mortgage Recording Date: Jul 20, 2015
  • First Open Lien Mortgage Loan Amount: $40,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,000
  • Assessed Improvements Value: $333,000

    Sales

  • Current Sale Recording Date: Feb 08, 2002
  • Current Sale Transaction ID: 1200945404
  • Current Sale Price: $135,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 05, 1999
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EXPRESS CAPITAL LEND
  • First Mortgage Transaction Date: Feb 08, 2002
  • First Mortgage Loan Amount: $121,450

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE
  • Previous Mortgage Transaction Date: Aug 05, 1999
  • Previous Mortgage Loan Amount: $64,000

About Newport



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Frequently Asked Questions

What neighborhood is 1 Oakwood Terrace located in?
The 1 Oakwood Terrace is a house located in the neighborhood of Newport in Newport, Newport.
What is the average sales price for listings in 1 Oakwood Terrace?
The average sales price for units in 1 Oakwood Terrace is $625,000 , or $549/sqft. currently.

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