NOT LISTED FOR SALE

Estimated Value: $5,792,000 - $7,026,273

4 Beds
3 Baths
2,412 Sq Ft
$2,588/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $2,865,774 $1,188 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $37,810/month

370 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Contemporary Architecture
  • Marina
  • Deck
  • Wood Flooring

About This Home

As of May 2021

Does it get better than this? Your own property located in one of New England's most breathtaking locations, Ocean Avenue in Historic Newport, Rhode Island. Near beaches, Cliff Walk, Brenton Park and the famed Newport Mansions. This cheerful, sunny abode was designed with a keen appreciation for open ocean and has panoramic water views set on a 1 Acre lot. NEW ROOF installed November 2020. This open-concept home has lovely wood floors throughout, recessed lighting and a commanding stone fireplace. There is even a charming gas stove as an alternative heating option. The kitchen, featuring striking custom cabinets, has high-end appliances that were replaced in 2018. Granite counter tops and ceramic, Italian-style tile back splashes completes the look. The upstairs bedroom area offers an excellent guest room space, with its own separate entry through the garage, private full bath and balcony. Outside, the full acre of land (beautiful lawn, flowering trees and shrubs, garden) promises to be a brilliant canvas for future growth. A gorgeous outdoor fire/patio area overlooks the water and provides perfect setting for watching the sailing regattas or memorable summer sunsets with family and friends. The attached two-car garage and huge basement are perfect storage or as a workshop for an artisan, craftsmen or mechanic. Enjoy the good life in a divine Newport location.

Last Agent to Sell the Property

Kate Schultz

William Raveis Inspire License #RES.0033672 Listed on: 04/15/2020

William Raveis Inspire

Last Buyer's Agent

Thomas DiPrete

Diprete Realty East Side, Llc License #REB.0017117

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,338

Year Built

  • Built in 1997

Lot Details

  • 1 Acre Lot
  • Beach Front
  • Security Fence
  • Property is zoned R40A

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Bungalow
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,412 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Stone Fireplace
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views
  • Security System Owned

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Whole House Fan
  • Central Heating
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 1 / 098
  • Assessor Parcel Number 511OCEANAVNEWP

Community Details

Overview

  • Ocean Drive/Castle Hill Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,338

Year Built

Built in 1997

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Subdivision Name: Ocean Drive/Castle Hill
  • Above Grade Finished Sq Ft: 2412.0
  • Architectural Style: Bungalow, Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1997
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower, Central Vacuum
  • Living Area: 2412.0
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Security
  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Masonry
  • Exterior Features: Balcony, Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 12.0

Utilities

  • Security: Security System Owned
  • Cooling: Whole House Fan
  • Cooling Y N: Yes
  • Heating: Central, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 50.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: 511OCEANAVNEWP
  • Zoning: R40A
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 29337.63
  • Tax Block: 098
  • Tax Lot: 1
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2021
Sold by
Diprete Thomas H
Bought by
Pisces 3 T
Current Estimated Value
$6,242,758

Purchase Details

Listed on
Apr 15, 2020
Closed on
May 19, 2021
Sold by
Tritste M Coulombe Irt
Bought by
Diprete Thomas H
Seller's Agent
Kate Schultz
William Raveis Inspire
Buyer's Agent
Thomas DiPrete
Diprete Realty East Side, Llc
List Price
$3,700,000
Sold Price
$2,865,775
Premium/Discount to List
-$834,225
-22.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.00%
Original Mortgage
$2,292,600
Interest Rate
3.1%
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
Pisces 3 T -- None Available
Diprete Thomas H $2,865,774 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pisces3 T T $1,000,000
Previous Owner Diprete Thomas H $2,292,600
Previous Owner Richard Robert $39,978
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $2,865,775 -22.5% $1,188 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/15/2020 04/15/20 For Sale $3,700,000 -- $1,534 / 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 $48,647 $5,918,100 $3,691,400 $2,226,700
2023 $27,920 $2,814,500 $2,727,600 $86,900
2022 $27,135 $2,823,600 $2,727,600 $96,000
2021 $29,264 $3,136,600 $2,727,600 $409,000
2020 $30,189 $2,936,700 $2,535,300 $401,400
2019 $30,189 $2,936,700 $2,535,300 $401,400
2018 $29,338 $2,936,700 $2,535,300 $401,400
2017 $27,627 $2,464,500 $2,063,700 $400,800
2016 $26,937 $2,464,500 $2,063,700 $400,800
2015 $26,296 $2,464,500 $2,063,700 $400,800
2014 $17,343 $1,438,100 $1,105,600 $332,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1251365

State-Wide MLS

APN: NEWP-000044-000000-000098