NOT LISTED FOR SALE

Estimated Value: $3,662,000 - $5,418,000

7 Beds
7 Baths
6,289 Sq Ft
$715/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $2,850,000 $453 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $28,078/month

544 Days on Market

Highlights

  • Marina
  • Spa
  • Deck
  • Golf Course Community
  • 1.62 Acre Lot
  • Marble Flooring

About This Home

As of October 2020

Walk to harbor and town from cheerful and elegant Pen Craig Cottage. Once part of the prestigious "Pen Craig", this recently renovated estate is an Eden of luxurious privacy and elegance, featuring 1.6 acres of sun-drenched lawn, complimented by natural rock outcroppings and plantings from the office of Frederick Law Olmsted. Ideally situated close to clubs and town, this estate offers excellent rental potential. Move in ready and energy efficient. While the impeccably maintained interior inspires you to appreciate classic Newport elegance, such as a vanishing service door in the dining room, a wonderful paneled library featuring an elevator named “Sedgwick” to take you to the second floor, fireplaces in almost every room, and multiple porches, the new features are just as elegant. The seamless 2 story addition, designed by an award winning architect, is a generous two car garage and mud room leading to a state of the art cook’s kitchen. The generous master bedroom wing is ensuite with generous closets, laundry and a sitting room. Completing the second floor are 3 large ensuite guestrooms. Additional guest space is on the third floor. Close to town, clubs and ocean beaches, Pen Craig Cottage is sanctuary in one of the most beautiful areas of Newport. .Sale is subject to administrative subdivision from 3.74 acre estate. Taxes and assessment represent the 3.74 acres and will change after subdivision.

Last Listed By

Kristin Parella

Residential Properties Ltd. License #REB.0019735 Listed on: 03/07/2019

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,406

Year Built

  • Built in 1890

Lot Details

  • 1.62 Acre Lot
  • Fenced
  • Property is zoned R-40

Parking

  • 2 Car Attached Garage

Home Design

  • Antique Architecture
  • Victorian Architecture
  • Stone Foundation
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 6,289 Sq Ft Home
  • 3-Story Property
  • Elevator
  • 8 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Workshop
  • Storage Room
  • Permanent Attic Stairs
  • Security System Owned

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Spa
  • Walking Distance to Water
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Air Filtration System
  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Power Generator
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 10-4
  • Assessor Parcel Number 100HARRISONAVNEWP

Community Details

Overview

  • Nyyc, Brenton Cove Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,406

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.6153
  • Subdivision Name: NYYC, BRENTON COVE
  • Above Grade Finished Sq Ft: 6289.0
  • Architectural Style: Historic/Antique, Victorian
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1890
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace Features: Masonry
  • Fireplaces: 8
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Carpet
  • Interior Amenities: Attic, Bathtub, Permanent Attic Stairs, Tub Shower, Air Filtration, Elevator
  • Living Area: 6289.0
  • Dining Room Type: Storage Room, Workshop
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 12.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hydro Air, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 70363.0
  • Parcel #: 100HARRISONAVNEWP
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 26406.0
  • Tax Lot: 10-4
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2021
Sold by
Berkowitz Richard L and Dalton Mary E
Bought by
Richard Lee Berkowitz Ret
Total Days on Market
544
Current Estimated Value
$4,493,865

Purchase Details

Listed on
Mar 7, 2019
Closed on
Sep 14, 2020
Sold by
Elwell David K and Elwell Christy N
Bought by
Berkowitz Richard L and Dalton Mary E
Seller's Agent
Kristin Parella
Residential Properties Ltd.
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.59%
Original Mortgage
$2,422,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2003
Sold by
Conway John
Bought by
Nprt 100 Harrison Ave

Purchase Details

Closed on
Dec 30, 2002
Sold by
Felwell David
Bought by
Conway John

Range of Values:

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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
Richard Lee Berkowitz Ret -- None Available
Berkowitz Richard L $2,850,000 None Available
Nprt 100 Harrison Ave $1,700,000 --
Conway John $4,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berkowitz Richard L $2,422,500
Previous Owner Elwell David $300,000
Previous Owner Conway John $200,000
Previous Owner Conway John $330,000
Previous Owner Conway John $359,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $2,850,000 -4.8% $453 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
03/07/2019 03/07/19 For Sale $2,995,000 -- $476 / 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
2024 $37,951 $4,616,900 $1,154,300 $3,462,600
2023 $29,679 $2,991,800 $729,400 $2,262,400
2022 $26,210 $2,727,400 $729,400 $1,998,000
2021 $25,447 $2,727,400 $729,400 $1,998,000
2020 $27,173 $2,643,300 $852,200 $1,791,100
2019 $27,173 $2,643,300 $852,200 $1,791,100
2018 $26,407 $2,643,300 $852,200 $1,791,100
2017 $26,915 $2,401,000 $692,900 $1,708,100
2016 $26,243 $2,401,000 $692,900 $1,708,100
2015 $25,619 $2,401,000 $692,900 $1,708,100
2014 $23,405 $1,940,700 $431,800 $1,508,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1216551

State-Wide MLS

APN: NEWP-000041-000010-000004