NOT LISTED FOR SALE

61 Ledge Rd Unit D Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $916,000 - $1,102,000

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. 119% increase in value since last sale

Current estimated payment $6,549/month

471 Days on Market

Highlights

  • Beach Front
  • Storage Room
  • Heating System Uses Steam
  • Wood Flooring
  • Baseboard Heating

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

  • 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
  • Heating System Uses Steam
  • 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

  • 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
  • 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
  • ResoLivingAreaSource: PublicRecords

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, No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 61LEDGERDDNEWP
  • ResoLotSizeUnits: SquareFeet

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
$1,016,877

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
6.29%
Original Mortgage
$340,000
Interest Rate
3.45%
Source: Public Records

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Range of Values:

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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 Change Sq Ft Price
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
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

    4 in this area

    30 Total Sales

    Jose Aguon
    Section Image
See All Agents

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

This home is located at 61 Ledge Rd Unit D, Newport, RI 02840 since 12 January 2012 and is currently estimated at $1,016,877, approximately $1,216 per square foot. This property was built in 1927. 61 Ledge Rd Unit D is a home located in Newport County with nearby schools including Rogers High School and St Michael's Country Day School.

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