NOT LISTED FOR SALE

535 Tuckerman Ave Middletown, RI 02842

Estimated Value: $5,505,867

5 Beds
4.5 Baths
4,970 Sq Ft
$1,108/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $3,310,000 $666 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $34,637/month

60 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Cathedral Ceiling
  • Golf Course Community
  • 1.55 Acre Lot
  • 5-minute walk to Purgatory Chasm

About This Home

As of August 2019

"Paradis", a magnificent oceanfront estate with unparalleled views of Sachuest Beach (Second Beach) and the Atlantic Ocean. This 4,330 sq ft home is situated on a one and a half acre lot with direct access to to a private, rocky beach for swimming, fishing, kayaking and boarding. The interior offers a sun filled open floor plan with exquisite water views from most rooms. Conveniently located only two miles from downtown Newport, the Cliff Walk, restaurants and many harbor activities.

Last Agent to Sell the Property

Bertie Macgowan

Gustave White Sotheby's Realty License #RES.0016335 Listed on: 05/31/2019

Gustave White Sotheby's Realty

Last Buyer's Agent

Elena Wilcox

Lila Delman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,993

Year Built

  • Built in 1990

Lot Details

  • 1.55 Acre Lot
  • Beach Front
  • Property is zoned R-30

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2-Story Property
  • Dry Bar
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Game Room
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Cedar Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

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

Home Security

  • Security System Owned
  • Storm Doors

Outdoor Features

  • Water Access
  • Balcony
  • Patio

Location

  • Property near a hospital

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 129
  • Assessor Parcel Number 535TUCKERMANAVMDLT

Community Details

Overview

  • Easton's Point Waterfront Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,993

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 1.5491
  • Subdivision Name: Easton's Point waterfront
  • Above Grade Finished Sq Ft: 4330.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1990
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 640.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cedar Closet(s), Cathedral Ceiling(s), Dry Bar, Tub Shower, Cable TV
  • Living Area: 4970.0
  • Dining Room Type: Bedroom, Game Room, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Water Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Masonry, Wood Siding
  • Exterior Features: Balcony, Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Patio

Garage/Parking

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

Utilities

  • Security: Security System Owned
  • Cooling: Central Air, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 67480.0
  • Parcel #: 535TUCKERMANAVMDLT
  • Zoning: R-30
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 50993.0
  • Tax Lot: 129
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Aug 30, 2019
Sold by
Shelton Steven D and Gowett Sandra
Bought by
Smithweck Jay G and Smithweck Phyllis R
Seller's Agent
Bertie Macgowan
Gustave White Sotheby's Realty
Buyer's Agent
Elena Wilcox
Lila Delman Real Estate
List Price
$3,500,000
Sold Price
$3,310,000
Premium/Discount to List
-$190,000
-5.43%
Current Estimated Value
$5,505,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,195,867
Avg. Annual Appreciation
8.45%
Original Mortgage
$2,482,500
Outstanding Balance
$2,173,996
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,331,871

Purchase Details

Closed on
Mar 7, 1997
Sold by
Schwartz Ivan and Schwarrtz Fritzi
Bought by
Scura Paul and Scura Lianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.77%

Purchase Details

Closed on
Jun 17, 1991
Sold by
Kirby James W
Bought by
Schwartz Ivan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smithweck Jay G $3,310,000 --
Scura Paul $1,000,000 --
Schwartz Ivan $188,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smithweck Jay G $2,482,500
Previous Owner Schwartz Ivan $1,000,000
Previous Owner Schwartz Ivan $1,000,000
Previous Owner Schwartz Ivan $1,000,000
Previous Owner Schwartz Ivan $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $3,310,000 -5.4% $666 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $3,500,000 -- $704 / 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
2025 $67,769 $5,748,000 $4,353,600 $1,394,400
2024 $64,722 $5,748,000 $4,353,600 $1,394,400
2023 $44,643 $3,545,900 $2,258,000 $1,287,900
2022 $426 $3,545,900 $2,258,000 $1,287,900
2021 $43,213 $3,545,900 $2,258,000 $1,287,900
2020 $51,030 $3,708,600 $2,486,300 $1,222,300
2018 $50,993 $3,708,600 $2,486,300 $1,222,300
2016 $49,663 $3,220,700 $2,067,600 $1,153,100
2015 $48,439 $3,220,700 $2,067,600 $1,153,100
2014 $39,214 $2,440,200 $1,544,300 $895,900
2013 $38,336 $2,440,200 $1,544,300 $895,900
Source: Public Records

Agents Affiliated with this Home

  • Bertie Macgowan

    Seller's Agent in 2019

    Bertie Macgowan

    Gustave White Sotheby's Realty

    (401) 225-1061

    6 in this area

    14 Total Sales

    Bertie Macgowan
    Section Image

  • E

    Buyer's Agent in 2019

    Elena Wilcox

    Lila Delman Real Estate

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1225172

State-Wide MLS

APN: MIDD-000122-000000-000129

Rhode Island Newport County Middletown 02842

535 Tuckerman Ave, Middletown, RI

Not Listed for Sale

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