NOT LISTED FOR SALE

5 Wellington Ave Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,959,000 - $2,520,000

4 Beds
4 Baths
2,661 Sq Ft
$835/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $2,250,000 $846 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,363/month

118 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • Water Views
  • Colonial Architecture
  • 3-minute walk to Spencer Park

About This Home

As of January 2024

Luxury living awaits at 5 Wellington Avenue. This 4-bedroom, 4-bathroom gem was meticulously renovated in 2023 and is located in the heart of Downtown Newport. Enjoy living steps off of Thames Street, next to the local restaurants, shops, and marinas - with views of Newport Harbor, New York Yacht Club and Fort Adams from the custom oversized roof deck. Style, sophistication, space and systems were all addressed in this Cordsten designed home and no detail was overlooked in the construction. Italian and Spanish marble and tile adorn the interiors, and custom marble countertops grace each bathroom. The exterior features low-maintenance Hardie board siding and PVC trim, along with an Ipe front porch and mahogany roof deck. Inside, find 8-inch white oak flooring and a custom closet system in the primary bedroom suite. The kitchen boasts high end appliances including a Sub Zero fridge and wine fridge in the custom built bar, a Wolf range, Miele dishwasher, and Sharp microwave drawer. Kohler products were installed for all plumbing fixtures. Mechanical highlights include spray foam insulation, CAT 6 cabling, Nest thermostats, a new hydro heating system, new HVAC, plumbing, and a lifetime-warranty basement waterproofing system. Pre-wired speakers and an AV hub enhance the tech-forward design and allow plenty of opportunity for entertainment. Other key features include Anderson 400 windows, new gutters, and all-new electrical. Experience the apex of the Newport experience.

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 09/08/2023

RE/MAX Results

Last Buyer's Agent

Tammy Bass

Hogan Associates Christie's License #RES.0040116

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,967

Year Built

  • Built in 1900

Lot Details

  • 2,468 Sq Ft Lot
  • Fenced

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,661 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number 5WELLINGTONAVNEWP

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,967

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0567
  • Inclusions: Taxes shown are resident tax rate.
  • Above Grade Finished Sq Ft: 2661.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Marble, Other
  • Living Area: 2661.0
  • Dining Room Type: Utility Room
  • Stories: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Clapboard, Other
  • Exterior Features: Deck, Porch, Patio
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas, Hydro Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2468.0
  • Parcel #: 5WELLINGTONAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6967.0
  • Tax Lot: 043
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Jan 4, 2024
Sold by
Holland Re Dev Llc
Bought by
Lecomte Brian R and Lecomte Laurie A
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Tammy Bass
Hogan Associates Christie's
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
335
Current Estimated Value
$2,223,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,793
Avg. Annual Appreciation
-0.64%
Original Mortgage
$1,795,000
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 20, 2022
Closed on
Oct 21, 2022
Sold by
Reis Rui S
Bought by
Holland Real Estate Dev
Seller's Agent
Christopher Walker
William Raveis Inspire
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$998,000
Sold Price
$900,000
Premium/Discount to List
-$98,000
-9.82%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
113.24%
Original Mortgage
$1,420,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2006
Sold by
Wells Nancy and Wells Ravenscroft W
Bought by
Jones Christina D and Ludwig Scott A

Purchase Details

Closed on
Jun 28, 1988
Bought by
Dosreis Humberto P and Dosreis Venilde S
Source: Public Records

Range of Values:

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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
Lecomte Brian R $2,250,000 None Available
Lecomte Brian R $2,250,000 None Available
Holland Real Estate Dev $900,000 None Available
Holland Real Estate Dev $900,000 None Available
Jones Christina D $1,500 --
Dosreis Humberto P -- --
Jones Christina D $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lecomte Brian R $1,693,500
Closed Lecomte Brian R $1,795,000
Previous Owner Holland Real Estate Dev $1,420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $2,250,000 -2.0% $846 / Sq Ft
09/27/2023 09/27/23 Price Changed $2,295,000 -4.4% $862 / Sq Ft
09/08/2023 09/08/23 For Sale $2,400,000 +166.7% $902 / Sq Ft
10/21/2022 10/21/22 Sold $900,000 -9.8% $275 / Sq Ft
09/20/2022 09/20/22 For Sale $998,000 -- $305 / 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 $15,005 $1,825,400 $351,900 $1,473,500
2023 $6,967 $702,300 $230,100 $472,200
2022 $6,141 $639,000 $230,100 $408,900
2021 $5,962 $639,000 $230,100 $408,900
2020 $5,248 $510,500 $218,000 $292,500
2019 $5,248 $510,500 $218,000 $292,500
2018 $5,100 $510,500 $218,000 $292,500
2017 $4,783 $426,700 $155,900 $270,800
2016 $4,664 $426,700 $155,900 $270,800
2015 $4,553 $426,700 $155,900 $270,800
2014 $4,894 $405,800 $132,500 $273,300
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2024

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    48 in this area

    699 Total Sales

    Joe Fitzpatrick
    Section Image
  • Tammy Bass

    Buyer's Agent in 2024

    Tammy Bass

    Hogan Associates Christie's

    (401) 430-0856

    6 in this area

    217 Total Sales

    Tammy Bass
    Section Image

  • C

    Seller's Agent in 2022

    Christopher Walker

    William Raveis Inspire

    (401) 207-3970

    4 in this area

    15 Total Sales

    Christopher Walker
    Section Image
  • Arthur Chapman

    Seller Co-Listing Agent in 2022

    Arthur Chapman

    William Raveis Inspire

    (401) 640-0807

    3 in this area

    61 Total Sales

    Arthur Chapman
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1343526

State-Wide MLS

APN: NEWP-000039-000043-000004

Rhode Island Newport County Newport 02840 Fifth Ward

5 Wellington Ave, Newport, RI

This home is located at 5 Wellington Ave, Newport, RI 02840 since 08 September 2023 and is currently estimated at $2,223,207, approximately $835 per square foot. This property was built in 1900. 5 Wellington 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.

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