NOT LISTED FOR SALE

11 Ocean Lawn Ln Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $3,763,000 - $5,633,000

6 Beds
6 Baths
8,072 Sq Ft
$562/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $3,550,000 $440 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $28,645/month

About This Home

As of May 2021

Elegant French Country Style residence in private gated compound featuring gracious, light filled interior offers superb craftmanship throughout solid mahogany moldings and doors, marble fireplace, northern cherry and Italian marble floors. Open, yet intimate and cozy, with high ceiling this beautiful home includes spacious 27 x 24 living room with fireplace, family room also with fireplace, large principal suite on the first floor and four additional bedrooms, two bathrooms and office/den on the second floor. Triple set of French doors from the living room and double sets from a principal bedroom and kitchen breakfast area lead to a front stone terrace integrating indoor and outdoor living. Blue stone porch and intimate patio in the back are perfect for entertaining and family gatherings. Three car garage and separate guest quarters with one-bedroom and full bathroom are other highlights of this remarkable home. Large, 2,252 SF semi-finished basement with tall ceilings has full bathroom and is ready to be completed according to new owners wish home theater, gym, playroom, etc. Exceptional setting on splendid, park-like grounds of historic Firestone Estate with specimen trees and shrubs, perfect in-town location with close reach to famed Cliff Walk and First Beach makes this residence utterly unique.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2020
Closed on
May 28, 2021
Sold by
Clarke David V
Bought by
Simchi-Levi David and Qu Xiao
Seller's Agent
Elena Wilcox
Gustave White Sotheby's Realty
Buyer's Agent
Elena Wilcox
Lila Delman Real Estate
List Price
$3,750,000
Sold Price
$3,550,000
Premium/Discount to List
-$200,000
-5.33%
Current Estimated Value
$4,539,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$989,536
Avg. Annual Appreciation
8.87%
Original Mortgage
$1,600,000
Outstanding Balance
$1,466,327
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,543,084

Purchase Details

Closed on
May 2, 1995
Sold by
Fleet Nb Tr
Bought by
Karns Robert T and Karns Charlene
Source: Public Records

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
Simchi-Levi David $3,550,000 None Available
Karns Robert T $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simchi-Levi David $1,600,000
Previous Owner Karns Robert T $500,000
Previous Owner Karns Robert T $686,000
Previous Owner Karns Robert T $732,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $3,550,000 -5.3% $440 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
12/17/2020 12/17/20 For Sale $3,750,000 +34.4% $465 / Sq Ft
09/04/2014 09/04/14 Sold $2,790,000 -7.0% $376 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $2,999,000 -- $404 / Sq Ft

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 $36,760 $4,472,000 $2,004,000 $2,468,000
2023 $30,477 $3,072,300 $1,013,700 $2,058,600
2022 $29,525 $3,072,300 $1,013,700 $2,058,600
2021 $28,665 $3,072,300 $1,013,700 $2,058,600
2020 $31,533 $3,067,400 $904,400 $2,163,000
2019 $31,533 $3,067,400 $904,400 $2,163,000
2018 $30,643 $3,067,400 $904,400 $2,163,000
2017 $32,822 $2,927,900 $791,500 $2,136,400
2016 $32,002 $2,927,900 $791,500 $2,136,400
2015 $30,018 $2,813,300 $791,500 $2,021,800
2014 $31,329 $2,597,800 $749,800 $1,848,000
Source: Public Records

Agents Affiliated with this Home

  • Elena Wilcox

    Seller's Agent in 2021

    Elena Wilcox

    Gustave White Sotheby's Realty

    (401) 662-0604

    3 in this area

    34 Total Sales

    Elena Wilcox
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Map

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

11 Ocean Lawn Ln, Newport, RI

This home is located at 11 Ocean Lawn Ln, Newport, RI 02840 and is currently estimated at $4,539,536, approximately $562 per square foot. 11 Ocean Lawn Ln is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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