NOT LISTED FOR SALE

533 Bellevue Ave Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $3,584,000 - $5,557,000

9 Beds
8 Baths
7,373 Sq Ft
$589/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $3,600,000 $488 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $27,929/month

152 Days on Market

Highlights

  • Tennis Courts
  • 1.18 Acre Lot
  • Private Lot
  • In Ground Pool
  • Deck
  • Wooded Lot

About This Home

As of May 2024

Introducing Ivy Tower, a stunning classic Tudor-Style estate built in 1887-1888 by architect J.D. Johnston. Located on the desirable South End of Bellevue Avenue, Ivy Tower is a historic gem that boasts an impressive stone facade that exudes an aura of magnificence and refinement, enchanting you from the moment you set eyes on it. With 7,373 square feet, Ivy Tower boasts 14 rooms, including 9 bedrooms and 6 distinct full bathrooms. It also flaunts original architectural features, like woodwork, moldings, and stained-glass windows. The meticulously maintained lush gardens boast a charming outdoor terrace, blue stone patios, a pool, and a tennis court. Ivy Tower embodies the timeless elegance and sophistication of Newport's Gilded Age and offers a rare opportunity to own a piece of history and enjoy the very best of luxury living in one of New England's most iconic destinations!

Last Agent to Sell the Property

Joe Fitzpatrick

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

RE/MAX Results

Last Buyer's Agent

Joe Fitzpatrick

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

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,703

Year Built

  • Built in 1900

Lot Details

  • 1.18 Acre Lot
  • Private Lot
  • Secluded Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Antique Architecture
  • Tudor Architecture
  • Masonry

Interior Spaces

  • 7,373 Sq Ft Home
  • 3-Story Property
  • 8 Fireplaces
  • Marble Fireplace
  • Storage Room
  • Utility Room
  • Security System Leased

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Cedar Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Balcony
  • Deck
  • Patio
  • Outdoor Grill
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Water Heater
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number 533BELLEVUEAVNEWP

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,703

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.18
  • Above Grade Finished Sq Ft: 7373.0
  • Architectural Style: Historic/Antique, Tudor
  • Garage Yn: Yes
  • 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: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 9
  • Fireplace Features: Marble, Tile
  • Fireplaces: 8
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Parquet, Carpet
  • Interior Amenities: Bathtub, Cedar Closet(s), Tub Shower, Cable TV
  • Living Area: 7373.0
  • Dining Room Type: Bathroom, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Secluded, Wooded
  • Pool Features: In Ground
  • Construction Type: Masonry
  • Exterior Features: Balcony, Deck, Porch, Patio, Barbecue, TV Antenna, Tennis Court(s)
  • Foundation Details: See Remarks
  • Patio And Porch Features: Balcony, Deck, 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: 12.0

Utilities

  • Security: Security System Leased
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 51401.0
  • Parcel #: 533BELLEVUEAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 34703.0
  • Tax Lot: 002
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
May 22, 2024
Sold by
Tsimortos Anne M
Bought by
Ida Mark D and Ida Aramli
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$5,200,000
Sold Price
$3,600,000
Premium/Discount to List
-$1,600,000
-30.77%
Total Days on Market
152
Views
846
Current Estimated Value
$4,342,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,992
Avg. Annual Appreciation
19.98%
Original Mortgage
$2,700,000
Outstanding Balance
$2,677,031
Interest Rate
6.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,665,961

Purchase Details

Closed on
Apr 1, 2013
Sold by
Mortherway Megan L and Gibbs Marc R
Bought by
Goldstein Brian P and Goldstein Krista J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.56%

Purchase Details

Closed on
Sep 4, 2003
Sold by
Ave Ivy Tower Bellvue
Bought by
Tsimortos Andrew and Tsimortos Anne Marie

Purchase Details

Closed on
Nov 26, 2002
Sold by
Ivy Tower Ltd
Bought by
Ivy Tower Bellvue Llc

Purchase Details

Closed on
Mar 31, 2000
Sold by
Hill Charles F
Bought by
Ivy Tower Ltd
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
Ida Mark D $3,600,000 None Available
Ida Mark D $3,600,000 None Available
Goldstein Brian P $605,000 --
Tsimortos Andrew $2,075,000 --
Ivy Tower Bellvue Llc $2,900,000 --
Ivy Tower Ltd $1,550,000 --
Goldstein Brian P $605,000 --
Tsimortos Andrew $2,075,000 --
Ivy Tower Bellvue Llc $2,900,000 --
Ivy Tower Ltd $1,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mark D Aramli Ret $2,700,000
Previous Owner Hill Charles $417,000
Previous Owner Hill Charles $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $3,600,000 -26.5% $488 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
10/30/2023 10/30/23 Price Changed $4,900,000 -5.8% $665 / Sq Ft
09/08/2023 09/08/23 For Sale $5,200,000 -- $705 / 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 $42,599 $5,182,400 $2,003,800 $3,178,600
2023 $36,897 $3,719,500 $1,013,500 $2,706,000
2022 $35,744 $3,719,500 $1,013,500 $2,706,000
2021 $34,703 $3,719,500 $1,013,500 $2,706,000
2020 $34,235 $3,330,300 $903,800 $2,426,500
2019 $34,235 $3,330,300 $903,800 $2,426,500
2018 $33,270 $3,330,300 $903,800 $2,426,500
2017 $35,048 $3,126,500 $790,800 $2,335,700
2016 $34,173 $3,126,500 $790,800 $2,335,700
2015 $33,360 $3,126,500 $790,800 $2,335,700
2014 $33,962 $2,816,100 $749,200 $2,066,900
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2024

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    12 in this area

    683 Total Sales

    Joe Fitzpatrick
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1343520

State-Wide MLS

APN: NEWP-000037-000000-000002

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

533 Bellevue Ave, Newport, RI

This home is located at 533 Bellevue Ave, Newport, RI 02840 since 08 September 2023 and is currently estimated at $4,342,992, approximately $589 per square foot. This property was built in 1900. 533 Bellevue 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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