97 Narragansett Ave, Unit M5
Why We Love it
97 NARRAGANSETT AVE, UNIT M5, NEWPORT, RI 02840
Welcome to the prestigious ‘Bienvenue Estate’ located on tree lined Narragansett Avenue. This residential condominium within the historic district of Newport, RI sits on 2.5 acres of well-manicured grounds, just steps from famed Newport Cliff walk, Bellevue Avenue, and the esteemed Salve Regina University. Step inside to discover a one-bedroom unit flooded with natural light, accentuating its timeless historic details: high ceilings, oversized windows, marble mantle surrounding the decorative fireplace and parquet wooden flooring. The highlight of this residence is undoubtedly the widow's peak, offering panoramic views through its 360-degree windows. Envision this space as your private retreat—an office space, serene meditation room, or plant sanctuary. Additionally, this unit hosts a stackable washer and dryer, ample closet space in addition to the condo’s storage unit. Recently benefiting from significant capital improvements, including exterior and roof repairs, as well as a fresh coat of paint, this condominium assures a worry-free living experience. The seller's full contribution to these improvements ensures peace of mind for prospective buyers. Small dogs under 20 pounds are permitted with the approval of the association. Two convenient assigned parking spaces on site, with ample visitor parking for your guests. Whether you seek a peaceful retreat or a vibrant urban lifestyle, this Newport condominium embodies refined coastal living.
SALE PRICE:
$515,000
SALE PRICE:
$515,000
FLOOR:
Unit located on the second floor
PROPERTY TYPE:
Residencial Condominium
AVAILABLE SPACE:
865 SqFt
BEDROOMS:
1
BATHROOMS:
1
ELECTRIC:
100 amp
SEWER:
Publicly connected
WATER:
Separately metered
TAXES:
$4,787.39/ year per 2023 owner occupied tax rate
ASSESSMENT:
$482,600
INSURANCE:
Insurance required by condo association
CONDO ASSOCIATION:
Bienvenue Condominium
CONDO FEE:
$616.60 Monthly
PARKING:
2 Assigned parking spaces
HEAT/AIR:
Gas fired forced hot water on main level. Electric baseboard heating in tower. Cooling via window AC units upon board approval.
ZONING:
R-60
PETS:
Small dogs under 20 pounds are permitted with the approval of the association
LEASING RESTRICTIONS:
No leases shorter then 30 days, no more then 2 leases per year. All leases must be submitted to the condominium board for approval.
PLAT/LOT:
36 / 115
YEAR BUILT:
Built in 1862 as a Single Family Home : Converted to condominiums in 1999
RECENT CAPITAL IMPROVEMENTS:
The recent $800K+ capital work at Bienvenue included:
1. Repair and review of roofs.
2. Significant repair to building exteriors.
3. Painting of all buildings.
4. Installation of new fire detection and exit signs and lighting systems.
5. New rug in the main house.
6. New driveway and driveway lights
The share of costs paid by M5 was $75,000 which has been paid in full.
