NOT LISTED FOR SALE

61 Ledge Rd Unit D Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $885,000 - $1,015,000

1 Bed
1.5 Baths
836 Sq Ft
$350/mo HOA Fee

Last Sold May 28, 2013

Last sale price $465,000 $556 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,912/month

471 Days on Market

Highlights

  • Beach Front
  • Storage Room
  • Baseboard Heating
  • Wood Flooring

About This Home

As of May 2013

SPACIOUS ONE BEDROOM CONDOMINIUM IN THE "WAVES", A SIGNATURE, STONE, HISTORIC, WATERFRONT MANSION ON NEWPORT'S OCEAN DRIVE. SPECTACULAR UNOBSTRUCTED WATER VIEWS TO THE EAST. OFF STREET PARKING, ALL ON ACRES OF WATERFRONT PROP. GAS HEAT/PRIV.PATIO

Last Agent to Sell the Property

Richard Grosvenor

BHHS Commonwealth Real Estate License #REB.0010632 Listed on: 01/12/2012

BHHS Commonwealth Real Estate

Last Buyer's Agent

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702

Gustave White Sotheby's Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,604

Year Built

  • Built in 1927

Lot Details

  • Beach Front

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Masonry

Interior Spaces

  • 836 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry in unit
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 61LEDGERDDNEWP

Community Details

Overview

  • Ocean Drive Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,604

Year Built

Built in 1927

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: OCEAN DRIVE
  • Above Grade Finished Sq Ft: 836.0
  • Building Name: THE WAVES
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1927
  • Property Sub Type Additional: Condominium
  • Pets No Pets Comments: No Restrictions
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: First Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 836.0
  • Dining Room Type: Storage Room
  • Stories: 3

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front
  • Construction Type: Masonry

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 350.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Common Interest: Condominium

Lot Info

  • Parcel #: 61LEDGERDDNEWP

Tax Info

  • Tax Annual Amount: 5603.9
  • Tax Lot: 34
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2018
Sold by
Pieroni Michael J and Pieroni Paige M
Bought by
Pieroni Ft
Current Estimated Value
$960,691

Purchase Details

Listed on
Jan 12, 2012
Closed on
May 28, 2013
Sold by
Brennan Guy T
Bought by
Pieroni Michael J and Pieroni Paige M
Seller's Agent
Richard Grosvenor
BHHS Commonwealth Real Estate
Buyer's Agent
Jose Aguon
Gustave White Sotheby's Realty
List Price
$799,000
Sold Price
$465,000
Premium/Discount to List
-$334,000
-41.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$340,000
Interest Rate
3.45%
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
Pieroni Ft -- --
Pieroni Michael J $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pieroni Michael J $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2013 05/28/13 Sold $465,000 -41.8% $556 / Sq Ft
04/28/2013 04/28/13 Pending -- -- --
01/12/2012 01/12/12 For Sale $799,000 -- $956 / 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 $6,288 $875,800 $0 $875,800
2024 $6,412 $920,000 $0 $920,000
2023 $5,414 $545,800 $0 $545,800
2022 $5,245 $545,800 $0 $545,800
2021 $5,092 $545,800 $0 $545,800
2020 $4,873 $474,000 $0 $474,000
2019 $4,873 $474,000 $0 $474,000
2018 $4,735 $474,000 $0 $474,000
2017 $4,983 $444,500 $0 $444,500
2016 $4,858 $444,500 $0 $444,500
2015 $4,743 $444,500 $0 $444,500
2014 $5,949 $493,300 $0 $493,300
Source: Public Records

Agents Affiliated with this Home

  • Richard Grosvenor

    Seller's Agent in 2013

    Richard Grosvenor

    BHHS Commonwealth Real Estate

    (401) 862-1995

    1 in this area

    5 Total Sales

    Richard Grosvenor
    Section Image
  • Jose Aguon

    Buyer's Agent in 2013

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    3 in this area

    28 Total Sales

    Jose Aguon
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1008329

State-Wide MLS

APN: NEWP-000038-000034-D000000

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

61 Ledge Rd Unit D, Newport, RI

Not Listed for Sale

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