$15,000,000
SOLD JUL 27, 2015

237 Ruggles Ave Newport, RI 02840

Bellevue Avenue and Estates Neighborhood
15 Beds
14 Baths
24,393 Sq Ft
4.33 Acres

Recently Sold

$615 Per Sq Ft

16% Below List Price

541 Days on Market

Highlights

  • Beach Front
  • Guest House
  • Water Access
  • Marina
  • Golf Course Community
  • In Ground Pool

About This Home

As of February 2016

FAIRHOLME OCEANFRONT w/ 425' of frontage elevated above Cliff Walk. Impeccable & fully updated. Trumbauer ballroom seats 120, elevator, A/C, generator. Carriage house w/ 6 beds, 5 car garage. 70x40 ocean facing hand tiled pool w/ cabana pavilion.

Last Agent to Sell the Property

Melanie Delman

Lila Delman Compass License #REC.0012889 Listed on: 01/01/2014

Last Buyer's Agent

Melanie Delman

Lila Delman Compass License #REC.0012889 Listed on: 01/01/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $132,894

Year Built

  • Built in 1875

Lot Details

  • 4.33 Acre Lot
  • Beach Front
  • Fenced
  • Private Lot
  • Secluded Lot
  • Sprinkler System
  • Property is zoned R60

Parking

  • 5 Car Detached Garage
  • Driveway

Home Design

  • Antique Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • 8 Fireplaces
  • Marble Fireplace
  • Stone Fireplace
  • Water Views
  • Permanent Attic Stairs
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Parquet
  • Carpet
  • Marble
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 15 Bedrooms
  • Cedar Closet

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Balcony
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Underground Utilities
  • Power Generator
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 050/4
  • Assessor Parcel Number 237RUGGLESAVNEWP

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Additional Features

  • Ochre Point Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$132,894

Year Built

Built in 1875

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.33
  • Subdivision Name: OCHRE POINT
  • Above Grade Finished Sq Ft: 20252.0
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1875
  • 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, Washer
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 12
  • Half Bathrooms: 2
  • Total Bedrooms: 15
  • Below Grade Sq Ft: 4141.0
  • Fireplace Features: Marble, Stone
  • Fireplaces: 8
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Marble, Parquet, Vinyl
  • Interior Amenities: Attic, Wet Bar, Cedar Closet(s), Permanent Attic Stairs, Elevator, Cable TV
  • Living Area: 24393.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Private, Secluded, Sprinkler System
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water
  • Waterfront: Yes
  • Construction Type: Plaster, Brick, Masonry
  • Exterior Features: Balcony, Porch, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Guest House
  • Patio And Porch Features: Balcony, Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Oil, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 188615.0
  • Parcel #: 237RUGGLESAVNEWP
  • Zoning: R60
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 132894.0
  • Tax Lot: 050/4
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2014
Closed on
Jul 27, 2015
Sold by
Kahn John N
Bought by
Manchester Financial G
Seller's Agent
Melanie Delman
Lila Delman Compass
Buyer's Agent
Melanie Delman
Lila Delman Compass
List Price
$17,900,000
Sold Price
$15,000,000
Premium/Discount to List
-$2,900,000
-16.2%
Current Estimated Value
$18,489,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,489,348
Avg. Annual Appreciation
1.55%

Purchase Details

Closed on
Dec 6, 2011
Sold by
Kahn Gilbert S Est
Bought by
Kahn John Noffo
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 Type Sale Price Title Company
Warranty Deed $15,000,000 --
Executors Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,605,841 Stand Alone Refi Refinance Of Original Loan
Previous Owner $10,000 No Value Available
Previous Owner $1,000,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2016 02/19/16 Sold $16,100,000 -23.3% $660 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $21,000,000 +40.0% $861 / Sq Ft
07/27/2015 07/27/15 Sold $15,000,000 -16.2% $615 / Sq Ft
06/27/2015 06/27/15 Pending -- -- --
01/01/2014 01/01/14 For Sale $17,900,000 -- $734 / 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 $169,443 $24,310,300 $8,251,300 $16,059,000
2023 $166,027 $16,736,600 $4,290,300 $12,446,300
2022 $160,839 $16,736,600 $4,290,300 $12,446,300
2021 $156,152 $16,736,600 $4,290,300 $12,446,300
2020 $163,638 $15,918,100 $4,418,500 $11,499,600
2019 $163,638 $15,918,100 $4,418,500 $11,499,600
2018 $159,022 $15,918,100 $4,418,500 $11,499,600
2017 $167,139 $14,909,800 $4,061,000 $10,848,800
2016 $162,964 $14,909,800 $4,061,000 $10,848,800
2015 $159,088 $14,909,800 $4,061,000 $10,848,800
2014 $136,867 $11,348,800 $2,885,400 $8,463,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Melanie Delman

    Lila Delman Compass

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1057321

State-Wide MLS

APN: NEWP-000036-000050-000004

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

237 Ruggles Ave, Newport, RI

This home is located at 237 Ruggles Ave, Newport, RI 02840 and is currently priced at $15,000,000, approximately $614 per square foot. This property was built in 1875. 237 Ruggles Ave 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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