NOT LISTED FOR SALE

181 Ocean Ave Newport, RI 02840

Lily-Almy Pond Neighborhood

Estimated Value: $1,885,000 - $8,521,481

4 Beds
3 Baths
2,500 Sq Ft
$2,434/Sq Ft Est. Value

Last Sold January 22, 2014

Last sale price $2,242,950 $897 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $38,556/month

Highlights

  • Marina
  • Guest House
  • 3.56 Acre Lot
  • Water Views
  • Golf Course Community
  • Private Lot

About This Home

As of September 2023

WINTER RENTAL, SEPT 6th, 2023 - MAY 31, 2024: Elegant residence nestled on fabled Ocean Drive in Newport. Beautifully styled, this chic 4 bedroom 3 bath carriage house cottage was recently refreshed and has been designed with entertaining in mind, with a seamless flow between indoor and outdoor living. With spectacular natural light, the great room offers a sophisticated and comfortable living area and a lovely dining area with French doors that lead out to private patios and a beautiful natural landscape. Off the great room is a wonderfully appointed bedroom suite with its own set of French doors and a chic en suite full bath. Wander through to the modern kitchen with wonderful butler's pantry, breakfast nook and sitting area with TV - it's a great area for the family to chill and chat as you cook, eat or just relax and have a family movie night. A few steps up you will find two wonderful bedrooms which share a full bath. The second floor boasts a fourth bedroom and full bath with laundry. Each section of the home is special and unique and offers much privacy and serenity. Allow the ocean waves to lull you to sleep.

Last Agent to Rent the Property

Kara Malkovich

Lila Delman Compass License #REB.0017255 Listed on: 05/02/2023

Lila Delman Compass

Last Renter's Agent

hunter parker

Our Real Estate License #RES.0045309

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,641

Year Built

  • Built in 1896

Lot Details

  • 3.56 Acre Lot
  • Private Lot
  • Secluded Lot

Home Design

  • Cottage
  • Masonry

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Water Views
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Additional Homes

  • Guest House

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heating System Uses Steam

Listing and Financial Details

  • Property Available on 9/6/23
  • Month-to-Month Lease Term
  • Assessor Parcel Number 181OCEANAVNEWP

Community Details

Overview

  • No Home Owners Association
  • Ocean Drive Subdivision

Amenities

  • Shops

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,641

Year Built

Built in 1896

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2023-09-06
  • Security Deposit: 4500.0

Listing Details

  • Prop. Type: Residential Lease
  • Lot Size Acres: 3.56
  • Subdivision Name: Ocean Drive
  • Above Grade Finished Sq Ft: 2500.0
  • Architectural Style: Cabin/Cottage
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1896
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower, Furnished
  • Living Area: 2500.0
  • Stories: 2
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Private, Secluded
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Masonry
  • Exterior Features: Patio
  • Other Structures: Guest House
  • Patio And Porch Features: Patio

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Propane
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Gardener, Laundry Facilities, Parking, Sewer, Trash Collection
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 181OCEANAVNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2013
Closed on
Jan 22, 2014
Sold by
Jp Morgan Chase Bank N
Bought by
Interland Holdings Llc
Seller's Agent
Kimberly Fleming
Gustave White Sotheby's Realty
Buyer's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
List Price
$2,750,000
Sold Price
$2,242,950
Premium/Discount to List
-$507,050
-18.44%
Current Estimated Value
$6,084,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,841,670
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Feb 11, 2005
Sold by
Ritter Donald
Bought by
Mark Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage
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
Interland Holdings Llc $2,242,950 --
Mark Jeffrey $3,100,000 --
Interland Holdings Llc $2,242,950 --
Mark Jeffrey $3,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Interland Holdings Llc $500,000
Open Interland Holdings Llc $1,300,000
Previous Owner Mark Jeffrey $500,000
Previous Owner Mark Jeffrey $3,435,000
Previous Owner Mark Jeffrey $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2023 09/23/23 Rented $4,500 0.0% --
08/16/2023 08/16/23 Under Contract -- -- --
05/02/2023 05/02/23 For Rent $4,500 0.0% --
08/15/2022 08/15/22 Rented $4,500 0.0% --
08/11/2022 08/11/22 Under Contract -- -- --
08/05/2022 08/05/22 For Rent $4,500 0.0% --
01/22/2014 01/22/14 Sold $2,242,950 -18.4% $275 / Sq Ft
12/23/2013 12/23/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $2,750,000 -- $338 / 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 $58,641 $7,133,900 $3,713,900 $3,420,000
2023 $49,202 $4,959,900 $2,421,400 $2,538,500
2022 $48,984 $5,097,200 $2,558,700 $2,538,500
2021 $47,557 $5,097,200 $2,558,700 $2,538,500
2020 $42,893 $4,172,500 $2,815,700 $1,356,800
2019 $42,893 $4,172,500 $2,815,700 $1,356,800
2018 $37,558 $3,759,600 $2,815,700 $943,900
2017 $31,290 $2,791,300 $1,964,900 $826,400
2016 $30,058 $2,750,000 $1,964,900 $785,100
2015 $41,945 $3,931,100 $2,542,800 $1,388,300
2014 $38,907 $3,226,100 $1,986,600 $1,239,500
Source: Public Records

Agents Affiliated with this Home

  • Kara Malkovich

    Landlord's Agent in 2023

    Kara Malkovich

    Lila Delman Compass

    (401) 714-6600

    42 Total Sales

    Kara Malkovich
    Section Image

  • h

    Tenant's Agent in 2023

    hunter parker

    Our Real Estate

    (508) 858-9947

    hunter parker
    Section Image
  • Rebecca King

    Seller's Agent in 2022

    Rebecca King

    Gustave White Sotheby's Realty

    (401) 808-9334

    66 Total Sales

    Rebecca King
    Section Image

  • K

    Buyer's Agent in 2022

    Katharine Fay

    Hogan Associates Christie's

    Section Image
  • Kimberly Fleming

    Seller's Agent in 2014

    Kimberly Fleming

    Gustave White Sotheby's Realty

    (401) 935-9075

    52 Total Sales

    Kimberly Fleming
    Section Image
  • Edith Cushing

    Buyer's Agent in 2014

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 862-7703

    2 in this area

    50 Total Sales

    Edith Cushing
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1332305

State-Wide MLS

APN: NEWP-000041-000000-000074

Rhode Island Newport County Newport 02840 Lily-Almy Pond

181 Ocean Ave, Newport, RI

This home is located at 181 Ocean Ave, Newport, RI 02840 since 02 May 2023 and is currently priced at $6,084,620. This property was built in 1896. 181 Ocean Ave 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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