NOT LISTED FOR SALE

62 Ruggles Ave Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,458,000 - $2,235,000

3 Beds
3 Baths
2,870 Sq Ft
$655/Sq Ft Est. Value

Last Sold July 05, 2016

Last sale price $865,000 $301 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $10,841/month

72 Days on Market

Highlights

  • Marina
  • Spa
  • 0.21 Acre Lot
  • Golf Course Community
  • Waterfront
  • Cape Cod Architecture

About This Home

As of July 2016

COMPLETELY RENOVATED CAPE IN 5TH WARD WITH WATER VIEWS, FEATURES LARGE MASTER SUITE, GOURMET KITCHEN, FIREPLACES, HARDWOOD FLOORS, RENOVATED BATHROOMS, NEW GAS HEATING SYSTEM, NEW 2 CAR GARAGE, PAVER PATIOS, AND PROFESSIONALLY LANDSCAPED YARD.

Last Agent to Sell the Property

Steven Rei

RI Real Estate Services License #RES.0033589 Listed on: 03/24/2016

RI Real Estate Services

Last Buyer's Agent

Heather Hinckley

William Raveis Inspire License #RES.0033045

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,098

Year Built

  • Built in 1942

Lot Details

  • 9,136 Sq Ft Lot
  • Waterfront
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2-Story Property
  • Dry Bar
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Gas Fireplace
  • Thermal Windows
  • Game Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Cedar Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Home Security

  • Security System Owned
  • Storm Doors

Outdoor Features

  • Spa
  • Water Access
  • Deck
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 275
  • Assessor Parcel Number 62RUGGLESAVNEWP

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Additional Features

  • Fifth Ward Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,098

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2097
  • Subdivision Name: FIFTH WARD
  • Above Grade Finished Sq Ft: 2620.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1942
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 250.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cedar Closet(s), Dry Bar, Jetted Tub, Cable TV
  • Living Area: 2870.0
  • Dining Room Type: Game Room, Laundry, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Lot Features: Corner Lot
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Waterfront
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Security: Security System Owned
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Public Transportation, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9136.0
  • Parcel #: 62RUGGLESAVNEWP

Tax Info

  • Tax Annual Amount: 6098.0
  • Tax Lot: 275
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
Jul 5, 2016
Sold by
Foster Leslie
Bought by
Gordon Brooks G
Seller's Agent
Steven Rei
RI Real Estate Services
Buyer's Agent
Heather Hinckley
William Raveis Inspire
List Price
$900,000
Sold Price
$865,000
Premium/Discount to List
-$35,000
-3.89%
Current Estimated Value
$1,879,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,014,564
Avg. Annual Appreciation
8.62%
Original Mortgage
$648,750
Outstanding Balance
$517,898
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,361,666

Purchase Details

Closed on
Apr 3, 2006
Sold by
Barr Allan and Barr Dorothy
Bought by
Foster Michael and Foster Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 1997
Sold by
Neri Alberto
Bought by
Barr Barr F and Barr Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 1989
Sold by
Decotis Henry
Bought by
Neri Alberto
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
Gordon Brooks G $865,000 --
Foster Michael $675,000 --
Barr Barr F $185,000 --
Neri Alberto $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordon Brooks G $648,750
Previous Owner Neri Alberto $280,000
Previous Owner Neri Alberto $148,000
Closed Neri Alberto $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2016 07/05/16 Sold $865,000 -3.9% $301 / Sq Ft
06/05/2016 06/05/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $900,000 -- $314 / 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 $11,330 $1,304,000 $580,800 $723,200
2024 $10,719 $1,304,000 $580,800 $723,200
2023 $8,264 $833,100 $382,400 $450,700
2022 $8,006 $833,100 $382,400 $450,700
2021 $7,773 $833,100 $382,400 $450,700
2020 $7,489 $728,500 $333,300 $395,200
2019 $7,489 $728,500 $333,300 $395,200
2018 $7,278 $728,500 $333,300 $395,200
2017 $6,431 $573,700 $256,400 $317,300
2016 $6,271 $573,700 $256,400 $317,300
2015 $6,098 $571,500 $256,400 $315,100
2014 $6,123 $507,700 $200,500 $307,200
Source: Public Records

Agents Affiliated with this Home

  • Steven Rei

    Seller's Agent in 2016

    Steven Rei

    RI Real Estate Services

    (401) 932-5507

    53 Total Sales

    Steven Rei
    Section Image

  • H

    Buyer's Agent in 2016

    Heather Hinckley

    William Raveis Inspire

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1121031

State-Wide MLS

APN: NEWP-000041-000000-000275

Rhode Island Newport County Newport 02840 Fifth Ward

62 Ruggles Ave, Newport, RI

Not Listed for Sale

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