NOT LISTED FOR SALE

42 Ledge Rd Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $3,738,000 - $13,572,445

11 Beds
9.5 Baths
12,367 Sq Ft
$700/Sq Ft Est. Value

Last Sold April 09, 2020

Last sale price $8,600,000 $695 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $55,072/month

294 Days on Market

Highlights

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

About This Home

As of April 2020

‘LAND’S END NEWPORT' ICONIC OCEANFRONT ESTATE- Unrivaled setting and extraordinary opportunity to acquire a legacy property in one of Newport’s most beautiful and sought-after locations. Sited on 5.6 ac. overlooking famed Cliff Walk and the Atlantic Ocean, ‘Land’s End' is located on the southeastern point of Aquidneck Island, offering total privacy to south and east. Open ocean views as far as Block Island, Martha’s Vineyard and Nantucket. Enjoy breathtaking sunrises from the private master bedroom balcony, or relax on the patio and watch world class sailboats pass by. Dynamic ocean views and streaming sunlight from virtually every room providing some of the most coveted vistas on the East Coast. Designed by architect John Sturgis during Newport's Gilded Age, ‘Land’s End' has a history of notable ownership which includes Pulitzer Prize-winning author Edith Wharton. With Ogden Codman motifs, this family home is a classic example of understated elegance with modern upgrades such as full house generator, chef's kitchen w/12 burner gas stove, salt water pool and billiard room. The 8+ bedroom manor house (10,910 sf) is complemented by carriage house (1,457 sf) with 3 car ports and 3-bedroom guest quarters also enjoying spectacular ocean views. A warm and welcoming gathering place for family and friends in summer and/or winter with 8 working fireplaces. The perfect balance of location, history, and architectural design. A truly magnificent and rare Newport offering.

Last Agent to Sell the Property

Kendra Toppa

Compass / Lila Delman Compass License #REB.0019349 Listed on: 05/20/2019

Compass / Lila Delman Compass

Last Buyer's Agent

Kara Malkovich

Compass / Lila Delman Compass License #REB.0017255

Compass / Lila Delman Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $75,812

Year Built

  • Built in 1880

Lot Details

  • 5.6 Acre Lot
  • Beach Front
  • Property is zoned R60

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Antique Architecture
  • Combination Foundation
  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 12,367 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Skylights
  • 8 Fireplaces
  • Marble Fireplace
  • Stone Fireplace
  • Thermal Windows
  • Water Views
  • Security System Owned
  • Attic

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Cedar Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • In Ground Pool
  • Water Access
  • Walking Distance to Water
  • Balcony
  • Patio

Utilities

  • Cooling Available
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • Underground Utilities
  • 200+ Amp Service
  • Power Generator
  • Gas Water Heater
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 83
  • Assessor Parcel Number 42LEDGERDNEWP

Community Details

Recreation

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

Additional Features

  • Ledge Road/Cliff Walk Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$75,812

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.6
  • Subdivision Name: Ledge Road/Cliff Walk
  • Above Grade Finished Sq Ft: 12367.0
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1880
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 11
  • Fireplace Features: Marble, Stone
  • Fireplaces: 8
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Carpet
  • Interior Amenities: Attic, Wet Bar, Bathtub, Cedar Closet(s), Skylights, Tub Shower, Cable TV
  • Living Area: 12367.0
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Balcony, Patio, Paved Driveway
  • Foundation Details: Combination, Stone
  • Other Structures: Guest House
  • Patio And Porch Features: Balcony, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Built In, Detached, Garage
  • Total Parking Spaces: 15.0

Utilities

  • Security: Security System Owned
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas, Hydro Air, Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 150 Amp Service, 200+ Amp Service, Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 243936.0
  • Parcel #: 42LEDGERDNEWP
  • Zoning: R60
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Location: Walkability

Tax Info

  • Tax Annual Amount: 75812.0
  • Tax Lot: 83
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Apr 3, 2020
Sold by
M O Leiter Charles Ret and Letiter-Mele
Bought by
42 Ledge Road Llc
Seller's Agent
Kendra Toppa
Compass / Lila Delman Compass
Buyer's Agent
Kara Malkovich
Compass / Lila Delman Compass
List Price
$11,700,000
Sold Price
$8,600,000
Premium/Discount to List
-$3,100,000
-26.5%
Current Estimated Value
$8,655,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,223
Avg. Annual Appreciation
0.30%
Original Mortgage
$6,020,000
Outstanding Balance
$5,289,772
Interest Rate
2.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,445,939
Source: Public Records

Range of Values:

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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
42 Ledge Road Llc $8,600,000 None Available
42 Ledge Road Llc $8,600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 42 Ledge Road Llc $6,020,000
Closed 42 Ledge Road Llc $6,020,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2020 04/09/20 Sold $8,600,000 -26.5% $695 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
05/20/2019 05/20/19 For Sale $11,700,000 -- $946 / 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 $82,267 $10,008,100 $5,835,600 $4,172,500
2023 $71,613 $7,219,100 $3,808,100 $3,411,000
2022 $80,533 $8,380,100 $4,969,100 $3,411,000
2021 $78,186 $8,380,100 $4,969,100 $3,411,000
2020 $75,631 $7,357,100 $4,742,300 $2,614,800
2019 $75,631 $7,357,100 $4,742,300 $2,614,800
2018 $73,497 $7,357,100 $4,742,300 $2,614,800
2017 $77,714 $6,932,600 $4,469,500 $2,463,100
2016 $75,773 $6,932,600 $4,469,500 $2,463,100
2015 $73,971 $6,932,600 $4,469,500 $2,463,100
2014 $61,888 $5,131,700 $2,793,400 $2,338,300
Source: Public Records

Agents Affiliated with this Home

  • Kendra Toppa

    Seller's Agent in 2020

    Kendra Toppa

    Compass / Lila Delman Compass

    (401) 339-6233

    1 in this area

    6 Total Sales

    Kendra Toppa
    Section Image
  • Kara Malkovich

    Buyer's Agent in 2020

    Kara Malkovich

    Compass / Lila Delman Compass

    (401) 714-6600

    4 in this area

    42 Total Sales

    Kara Malkovich
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1223829

State-Wide MLS

APN: NEWP-000038-000000-000083

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

42 Ledge Rd, Newport, RI

This home is located at 42 Ledge Rd, Newport, RI 02840 since 20 May 2019 and is currently estimated at $8,655,223, approximately $699 per square foot. This property was built in 1880. 42 Ledge Rd 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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