NOT LISTED FOR SALE

55 Ledge Rd Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $829,000 - $4,482,000

1.69 Acres
$1,889,107 Price per Acre
73,616 Sq Ft Lot

Last Sold November 13, 2017

Last sale price $2,002,500

Est. 59% increase in value since last sale

Current estimated payment $17,036/month

121 Days on Market

Highlights

  • Water Views
  • 1.69 Acre Lot
  • 4-minute walk to The Cliff Walk
  • Beach Access
  • Level Lot

About This Lot

As of November 2017

Extraordinary opportunity to acquire a legacy property in one of the most sought after locations in Newport. Ledge Road is located on a peninsula at the southern end of Newport and at the corner of Bellevue Avenue and Ocean Drive. With dramatic ocean sunset and sunrise views, direct access to the Cliff Walk and a short walk to Baileys Beach this is a truly unique opportunity. Sited on 1.69 acres and neighboring some of the most exceptional properties in Newport the lot offers a building envelope to develop the home you have been searching for. The combination of ocean sunset and sunrise views, a short walk to a sandy public and private beach and direct access to the Cliff Walk is very rare in Newport. The property can be purchased along with 51 Ledge Road to create a family compound. Thank you for your interest

Last Agent to Sell the Property

Eric Kirton

Lila Delman Compass License #REB.0018697 Listed on: 06/14/2017

Last Buyer's Agent

Chris West

Gustave White Sotheby's Realty License #REB.0013055

Gustave White Sotheby's Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $34,193

Lot Details

  • 1.69 Acre Lot
  • Level Lot
  • Finished Lot(s)

Property Views

  • Water Views

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 55
  • Assessor Parcel Number 55LedgeRDNEWP

Property Details

Property Type

Land

Est. Annual Taxes

$34,193

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.69
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Exterior Features

  • Lot Features: Level
  • Topography: Level,Rough
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Connected
  • Water Source: Public

Lot Info

  • Current Use: Residential
  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 73663.0
  • Wooded Area: 2.0
  • Parcel #: 55LedgeRDNEWP
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 34193.0
  • Tax Lot: 55
  • Tax Year: 2016

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

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2017 11/13/17 Sold $2,002,500 -33.1% --
10/14/2017 10/14/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $2,995,000 -- --
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 $3,512 $404,200 $404,200 $0
2024 $3,323 $404,200 $404,200 $0
2023 $2,614 $263,500 $263,500 $0
2022 $2,532 $263,500 $263,500 $0
2021 $2,458 $263,500 $263,500 $0
2020 $32,039 $3,116,600 $3,116,600 $0
2019 $32,039 $3,116,600 $3,116,600 $0
2018 $31,135 $3,116,600 $3,116,600 $0
2017 $35,069 $3,128,400 $3,128,400 $0
2016 $34,193 $3,128,400 $3,128,400 $0
2015 $33,380 $3,128,400 $3,128,400 $0
2014 $17,685 $1,466,400 $1,466,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Kirton

    Seller's Agent in 2017

    Eric Kirton

    Lila Delman Compass

    (401) 743-2744

    2 in this area

    89 Total Sales

    Eric Kirton
    Section Image
  • Chris West

    Buyer's Agent in 2017

    Chris West

    Gustave White Sotheby's Realty

    (203) 994-1165

    21 Total Sales

    Chris West
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1164580

State-Wide MLS

APN: NEWP-000038-000000-000085

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

55 Ledge Rd, Newport, RI

Not Listed for Sale

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