NOT LISTED FOR SALE

310 Ocean Ave Newport, RI 02840

Ocean Drive Neighborhood

Estimated Value: $13,470,397

6 Beds
6.5 Baths
8,179 Sq Ft
$1,647/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2013

Last sale price $14,000,000 $1,712 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $84,322 / mo

328 Days on Market

Highlights

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

About This Home

As of September 2013

"WILDACRE" Iconic Oceanfront on Price's Neck Cove. This Dramatic Shingle-style, an Irving Gill/ Frederick Law Olmsted Collaboration has been meticulously restored and includes an Infinity-Edge Pool, Private Dock, Magnificent Gardens and Guest House.

Last Agent to Sell the Property

Michelle Kirby

Gustave White Sotheby's Realty License #RES.0019942 Listed on: 09/17/2012

Last Buyer's Agent

Dave Huberman

Gustave White Sotheby's Realty License #RES.0031635

Gustave White Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,557

Year Built

  • Built in 1902

Lot Details

  • 2.49 Acre Lot
  • Beach Front
  • Private Lot
  • Secluded Lot
  • Sprinkler System
  • Property is zoned R120

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Antique Architecture
  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Skylights
  • 5 Fireplaces
  • Thermal Windows
  • Sauna
  • Water Views
  • Permanent Attic Stairs

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Security System Owned
  • Intercom
  • Storm Windows

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Mooring
  • Patio
  • Outbuilding
  • Outdoor Grill
  • Porch

Utilities

  • Humidifier
  • Central Air
  • Heating System Uses Oil
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • 200+ Amp Service
  • Power Generator
  • Oil Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

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

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 310OCEANAVNEWP

Community Details

Overview

  • Oceandr/Pricesneckcove Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,557

Year Built

Built in 1902

Lot Details

2.49 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.49
  • Subdivision Name: OCEANDR/PRICESNECKCOVE
  • Above Grade Finished Sq Ft: 7871.0
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1902
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Sauna
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater, Washer, Humidifier
  • Other Equipment: Intercom
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 308.0
  • Fireplace Features: Tile
  • Fireplaces: 5
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Wet Bar, Permanent Attic Stairs, Skylights, Elevator, Jetted Tub, Cable TV
  • Living Area: 8179.0
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows

Exterior Features

  • Lot Features: Private, Secluded, Sprinkler System
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Dock Access, Mooring, Ocean Front, Water Access, Walk to Water
  • Waterfront: Yes
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Patio, Barbecue, Sprinkler/Irrigation
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil, Radiant
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, Generator
  • Sewer: Connected, Other, Private Sewer
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 108464.0
  • Parcel #: 310OCEANAVNEWP
  • Zoning: R120

Tax Info

  • Tax Annual Amount: 66557.0
  • Tax Lot: 16
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2012
Closed on
Sep 12, 2013
Sold by
Dorrance H Hamilton and Dorrance Hamilton
Bought by
Ocean 310 Llc
Seller's Agent
Michelle Kirby
Gustave White Sotheby's Realty
Buyer's Agent
Dave Huberman
Gustave White Sotheby's Realty
List Price
$15,750,000
Sold Price
$14,000,000
Premium/Discount to List
-$1,750,000
-11.11%
Current Estimated Value
$13,470,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$529,603
Avg. Annual Appreciation
-0.31%
Original Mortgage
$9,990,000
Outstanding Balance
$2,155,219
Interest Rate
4.42%
Estimated Equity
$11,315,178

Purchase Details

Closed on
Nov 6, 1998
Sold by
Sa Spuria
Bought by
Hamilton Dorrance and Duprey Margaret H

Purchase Details

Closed on
Mar 5, 1998
Sold by
Bove Family Lp
Bought by
Spuria Sa
Source: Public Records
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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
Ocean 310 Llc $14,000,000 --
Hamilton Dorrance $3,725,000 --
Spuria Sa $2,850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spuria Sa $9,990,000
Closed Spuria Sa $9,990,000
Previous Owner Spuria Sa $430,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2013 09/11/13 Sold $14,000,000 -11.1% $1,712 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
09/17/2012 09/17/12 For Sale $15,750,000 -- $1,926 / Sq Ft
Source: State-Wide MLS

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 $141,327 $16,265,000 $7,284,200 $8,980,800
2024 $134,024 $16,304,600 $7,284,200 $9,020,400
2023 $115,084 $11,601,200 $4,749,900 $6,851,300
2022 $116,005 $12,071,300 $5,220,000 $6,851,300
2021 $112,625 $12,071,300 $5,220,000 $6,851,300
2020 $111,645 $10,860,400 $4,936,500 $5,923,900
2019 $111,645 $10,860,400 $4,936,500 $5,923,900
2018 $108,495 $10,860,400 $4,936,500 $5,923,900
2017 $112,676 $10,051,400 $4,467,300 $5,584,100
2016 $109,862 $10,051,400 $4,467,300 $5,584,100
2015 $107,248 $10,051,400 $4,467,300 $5,584,100
2014 $72,314 $5,996,200 $3,406,300 $2,589,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michelle Kirby

    Gustave White Sotheby's Realty

    (401) 848-6714

    8 in this area

    49 Total Sales

    Michelle Kirby
    Section Image
  • Dave Huberman

    Buyer's Agent in 2013

    Dave Huberman

    Gustave White Sotheby's Realty

    (401) 316-6051

    5 in this area

    44 Total Sales

    Dave Huberman
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1025914

State-Wide MLS

APN: NEWP-000043-000000-000016

Rhode Island Newport County Newport 02840 Ocean Drive

310 Ocean Ave, Newport, RI

Not Listed for Sale

Detached

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