NOT LISTED FOR SALE

692 Bellevue Ave Newport, RI 02840

Bellevue Avenue and Estates Neighborhood

Estimated Value: $3,957,788 - $6,584,000

4 Beds
3.5 Baths
2,781 Sq Ft
$1,872/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $3,525,500 $1,268 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $32,131/month

61 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • 1 Acre Lot
  • Water Views
  • In Ground Pool
  • 4-minute walk to The Cliff Walk

About This Home

As of May 2019

Stunning Ocean Views and sensational location on the Ocean Drive! A gated entry welcomes you to this charming seaside cottage, Seaglass, which overlooks Newport’s famed rocky coastline and scenic Cliff Walk where the crashing surf on one side and magnificent mansions on the other never fail to impress. Sited on a rare one acre, it abuts Rough Point, the former estate of tobacco heiress Doris Duke. The four bedroom, three and one-half-bath home with shimmering pool has a New England shingle-style charm. A sun-drenched open floor plan offers stunning ocean views, hardwood floors, double-sided wood-burning fireplace, and direct access to the ocean-facing wraparound and partially covered deck perfect for family gatherings, relaxation, and enjoyment of the boating activities on the ocean. A well equipped kitchen adjoins the breakfast room with ocean views, and opens to the expansive deck for grilling, dining, and entertainment. The lowest level has a finished private office and offers opportunities for a media or exercise room. Outdoors, the home is enhanced with beautiful mature plantings, swimming pool, outdoor shower, and spacious shed for additional storage. Seaglass offers all the joys of seaside living; idyllic location, glorious ocean views, close proximity to fabulous beaches, short stroll to Bailey’s Beach, nearby access to the majestic cliff walk, and only minutes to the mansions and center of town. Architectural expansion plans are available upon request.

Last Agent to Sell the Property

Cynthia Moretti

Lila Delman Compass License #REB.0016788 Listed on: 02/28/2019

Last Buyer's Agent

Cynthia Moretti

Lila Delman Compass License #REB.0016788 Listed on: 02/28/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,977

Year Built

  • Built in 1989

Lot Details

  • 1 Acre Lot
  • Private Lot
  • Secluded Lot
  • Property is zoned R-60

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Cottage
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • In Ground Pool
  • Walking Distance to Water
  • Deck
  • Patio
  • Outbuilding
  • Breezeway

Location

  • Property near a hospital

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 027
  • Assessor Parcel Number 692BELLEVUEAVNEWP

Community Details

Overview

  • Ocean Drive/Bailey's Beach Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,977

Year Built

Built in 1989

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Subdivision Name: Ocean Drive/Bailey's Beach
  • Above Grade Finished Sq Ft: 2529.0
  • Architectural Style: Cabin/Cottage, Contemporary
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1989
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 252.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 2781.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Secluded
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Breezeway, Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Security: Security System Owned
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: 692BELLEVUEAVNEWP
  • Zoning: R-60
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 27977.0
  • Tax Lot: 027
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
May 29, 2019
Sold by
692 Bellevue Llc
Bought by
Dempsey Patrick J and Dempsey Arlene
Seller's Agent
Cynthia Moretti
Lila Delman Compass
Buyer's Agent
Cynthia Moretti
Lila Delman Compass
List Price
$3,795,000
Sold Price
$3,525,500
Premium/Discount to List
-$269,500
-7.1%
Current Estimated Value
$5,206,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,680,697
Avg. Annual Appreciation
6.31%
Original Mortgage
$2,250,000
Outstanding Balance
$1,936,571
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,231,815

Purchase Details

Closed on
Oct 14, 2005
Sold by
Twigg Eileen P
Bought by
Gewitz Michael K and Gewitz Cleo S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.72%
Source: Public Records

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
Dempsey Patrick J $3,525,500 --
Gewitz Michael K $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dempsey Patrick J $2,250,000
Previous Owner Arsc Nevada Assoc Llc $2,457,000
Previous Owner Twigg Gerald F $150,000
Previous Owner Twigg Gerald F $950,000
Previous Owner Twigg Gerald F $530,000
Previous Owner Twigg Gerald F $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $3,525,500 -7.1% $1,268 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $3,795,000 0.0% $1,365 / Sq Ft
05/28/2016 05/28/16 Rented $40,000 0.0% --
04/28/2016 04/28/16 Under Contract -- -- --
10/13/2015 10/13/15 For Rent $40,000 0.0% --
07/22/2015 07/22/15 Sold $2,500,000 -9.1% $899 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $2,750,000 -- $989 / 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 $45,627 $5,550,700 $4,000,700 $1,550,000
2023 $33,446 $3,371,600 $2,272,800 $1,098,800
2022 $32,401 $3,371,600 $2,272,800 $1,098,800
2021 $31,457 $3,371,600 $2,272,800 $1,098,800
2020 $28,789 $2,800,500 $2,007,700 $792,800
2019 $28,789 $2,800,500 $2,007,700 $792,800
2018 $27,977 $2,800,500 $2,007,700 $792,800
2017 $25,197 $2,247,700 $1,556,000 $691,700
2016 $24,567 $2,247,700 $1,556,000 $691,700
2015 $23,983 $2,247,700 $1,556,000 $691,700
2014 $19,155 $1,588,300 $921,300 $667,000
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Moretti

    Seller's Agent in 2019

    Cynthia Moretti

    Lila Delman Compass

    (401) 374-3444

    15 Total Sales

    Cynthia Moretti
    Section Image
  • Courtney Van Beuren

    Seller's Agent in 2016

    Courtney Van Beuren

    Lila Delman Compass

    (401) 297-1334

    1 in this area

    18 Total Sales

    Courtney Van Beuren
    Section Image

  • K

    Buyer's Agent in 2016

    Kerry Dwyer

    Lila Delman Compass

  • Edith Cushing

    Seller's Agent in 2015

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 862-7703

    11 in this area

    50 Total Sales

    Edith Cushing
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1216142

State-Wide MLS

APN: NEWP-000038-000000-000027

Rhode Island Newport County Newport 02840 Bellevue Avenue and Estates

692 Bellevue Ave, Newport, RI

This home is located at 692 Bellevue Ave, Newport, RI 02840 since 28 February 2019 and is currently estimated at $5,206,197, approximately $1,872 per square foot. This property was built in 1989. 692 Bellevue Ave 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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