NOT LISTED FOR SALE

127 Harrison Ave Unit 6 Newport, RI 02840

Ocean Drive Neighborhood

Estimated Value: $1,758,867 - $1,894,000

2 Beds
2 Baths
1,597 Sq Ft
$1,162/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $1,505,000 $942 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,071/month

58 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Deck
  • Marina
  • 3.77 Acre Lot
  • Private Lot

About This Home

As of April 2023

Own a rare piece of gilded age splendor with this luxurious penthouse in a stone castle turret. Gaze at one of the most breathtaking Newport harbor views. Live in one of the exclusive condominiums that comprise 'Beechbound', a 17,000 sq ft Manor House designed in 1895 by famed architectural firm Peabody & Stearns for iron tycoon William Fletcher Burden. This unique unit features a private 500 sq ft teak rooftop deck, a 15 ft dome living room ceiling and a woodburning fireplace. This is a turn key property that includes all furnishings. Modern conveniences include central AC, stainless steel appliances, granite countertops, ample storage and 2 assigned parking spaces. Enjoy access to a spectacular two story grand entrance hall, a stone loggia with a community grill, and dining areas perfect for watching the sunset over Brenton Cove. This gated property contains 3.77 impeccably maintained acres of Olmstead designed grounds featuring magnificent beech trees, rolling greens, a private beach, a boathouse for small watercraft storage and a stone pier. Take the water taxi to Goat Island and downtown Newport throughout the summer. Life is a 'beech' at this exquisite harborside hideaway minutes from restaurants/shops, beaches, golf course, marinas and museums. Make Newport, one of the most magical seaside destinations in America, your secret getaway or enjoy it year-round.

Last Agent to Sell the Property

Kimberly Shaw

Coldwell Banker Realty License #RES.0047973 Listed on: 01/26/2023

Co-Listed By

Teri Degnan

Teri Degnan RE & Consulting License #REC.0015615

Last Buyer's Agent

Janie Aracil

Hogan Associates Christie's License #REB.0019886

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,104

Year Built

  • Built in 1895

Lot Details

  • Beach Front
  • Fenced
  • Secluded Lot
  • Sprinkler System

HOA Fees

  • $1,191 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Stone Foundation
  • Wood Siding
  • Masonry

Interior Spaces

  • 1,597 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Fireplace Features Masonry
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Wood Flooring
  • Water Views
  • Permanent Attic Stairs
  • Intercom

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Breezeway

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for hot water
  • Legal Lot and Block 206 / 001
  • Assessor Parcel Number 127HARRISONAV6NEWP

Community Details

Overview

  • Association fees include ground maintenance, parking
  • 17 Units
  • Ocean Drive Subdivision

Recreation

  • Marina
  • Recreation Facilities

Pet Policy

  • Pets Allowed

Additional Features

  • Shops
  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,104

Year Built

Built in 1895

Lot Details

0

HOA Fees

$1,191 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 3.7725
  • Co List Office Mls Id: TDRE
  • Co List Office Phone: 401-619-8222
  • Subdivision Name: Ocean Drive
  • Above Grade Finished Sq Ft: 1597.0
  • Building Name: Beechbound
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Two, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 1895
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Other Equipment: Intercom
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Second Floor Access
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Attic, Cathedral Ceiling(s), Permanent Attic Stairs, Skylights, Tub Shower, Furnished
  • Living Area: 1597.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Fenced
  • Lot Features: Private, Secluded, Sprinkler System, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Dock Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Masonry, Wood Siding
  • Exterior Features: Breezeway, Deck, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Marina, Recreation Area, Shopping
  • Senior Community: No
  • Amenities: Garden Area
  • Association Fee: 1191.15
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Grounds, Parking

Lot Info

  • Lot Size Sq Ft: 164331.0
  • Parcel #: 127HARRISONAV6NEWP
  • Zoning: R120
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units In Community: 17

Tax Info

  • Tax Annual Amount: 10103.92
  • Tax Block: 001
  • Tax Lot: 206
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Apr 12, 2023
Sold by
Tsai Mylissa T
Bought by
Joyce P Delutis Relt P and Joyce Delutis
Seller's Agent
Kimberly Shaw
Coldwell Banker Realty
Buyer's Agent
Janie Aracil
Hogan Associates Christie's
List Price
$1,450,000
Sold Price
$1,505,000
Premium/Discount to List
$55,000
3.79%
Views
152
Current Estimated Value
$1,856,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,467
Avg. Annual Appreciation
8.87%

Purchase Details

Closed on
May 31, 2022
Sold by
Moy Steven P and Tsai Mylissa T
Bought by
Tsai Mylissa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
3.88%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 8, 2020
Closed on
Nov 2, 2020
Sold by
Bozorgmanesh Hadi and Bozorgmanesh Cheryl
Bought by
Moy Steven P and Tsai Mylissa T
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,125,000
Sold Price
$1,125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$1,125,000
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 1, 2014
Closed on
Jun 5, 2014
Sold by
Scullion Anthony and Scullion Jane M
Bought by
Bozorgmanish Hadi and Bozorgmanish Cheryl
Seller's Agent
Carol O'Connor
Lila Delman Compass
Buyer's Agent
Carol O'Connor
Lila Delman Compass
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Nov 20, 2008
Sold by
Paech Jens
Bought by
Scullion Anthony and Scullion Jane
Source: Public Records

Range of Values:

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Average Value
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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
Joyce P Delutis Relt P $1,505,000 None Available
Joyce P Delutis Relt $1,505,000 None Available
Tsai Mylissa T -- None Available
Tsai Mylissa T -- None Available
Moy Steven P $1,125,000 None Available
Moy Steven P $1,125,000 None Available
Bozorgmanish Hadi $86,000 --
Scullion Anthony $797,000 --
Scullion Anthony $797,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsai Mylissa T $1,085,000
Previous Owner Moy Steven P $1,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $1,505,000 +3.8% $942 / Sq Ft
03/26/2023 03/26/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $1,450,000 +28.9% $908 / Sq Ft
11/02/2020 11/02/20 Sold $1,125,000 0.0% $710 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $1,125,000 +30.8% $710 / Sq Ft
06/05/2014 06/05/14 Sold $860,000 -4.3% $635 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $899,000 -- $663 / 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 $12,446 $1,432,400 $0 $1,432,400
2024 $11,774 $1,432,400 $0 $1,432,400
2023 $10,430 $1,051,400 $0 $1,051,400
2022 $10,104 $1,051,400 $0 $1,051,400
2021 $9,810 $1,051,400 $0 $1,051,400
2020 $9,582 $932,100 $0 $932,100
2019 $9,582 $932,100 $0 $932,100
2018 $9,312 $932,100 $0 $932,100
2017 $9,126 $814,100 $0 $814,100
2016 $8,898 $814,100 $0 $814,100
2015 $8,686 $814,100 $0 $814,100
2014 $7,708 $639,100 $0 $639,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kimberly Shaw

    Coldwell Banker Realty

  • Teri Degnan

    Seller Co-Listing Agent in 2023

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    2 in this area

    138 Total Sales

    Teri Degnan
    Section Image
  • Janie Aracil

    Buyer's Agent in 2023

    Janie Aracil

    Hogan Associates Christie's

    (401) 855-5577

    1 in this area

    31 Total Sales

    Janie Aracil
    Section Image
  • Michelle Drum

    Seller's Agent in 2020

    Michelle Drum

    Gustave White Sotheby's Realty

    (401) 265-3423

    5 in this area

    73 Total Sales

    Michelle Drum
    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2020

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    3 in this area

    697 Total Sales

    Joe Fitzpatrick
    Section Image

  • C

    Seller's Agent in 2014

    Carol O'Connor

    Lila Delman Compass

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1328653

State-Wide MLS

APN: NEWP-000041-000001-000206

Rhode Island Newport County Newport 02840 Ocean Drive

127 Harrison Ave Unit 6, Newport, RI

This home is located at 127 Harrison Ave Unit 6, Newport, RI 02840 since 26 January 2023 and is currently estimated at $1,856,467, approximately $1,162 per square foot. This property was built in 1895. 127 Harrison Ave Unit 6 is a home located in Newport County with nearby schools including Rogers High School and St Michael's Country Day 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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