NOT LISTED FOR SALE

72 Washington St Newport, RI 02840

Estimated Value: $4,630,845 - $5,735,000

8 Beds
6.5 Baths
7,644 Sq Ft
$683/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $5,500,000 $720 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $31,276/month

101 Days on Market

Highlights

  • Beach Front
  • Water Access
  • 0.36 Acre Lot
  • Marina
  • In Ground Pool
  • 4-minute walk to Storer Park

About This Home

As of August 2022

Villa Marina, also knows as the Sanford Covell House is a one of a kind single family opportunity located directly on the water in Newport's famed Point neighborhood. Step back in time to the era of Newport's Gilded Age and experience the rich and distinct historic impression conjured by the predominately 18th century homes that line Washington Street. A 35 ft. high entrance hall and grand staircase greet you upon entering, where balconies peek out from varying levels and ornate stained glass illuminates the spaces from above. Artisan woodwork from a bygone era adorns every room; oak, ash, cherry, hard pine, maple, black walnut, butternut and ebony finishes carry your eye in varying patterns throughout. A remarkable example of mid-Victorian era architecture, this property was designed by the architect - Wm. Ralph Emerson, cousin of Ralph Waldo. Listed for sale publicly for the 1st time since 1985, this up and running Inn offers spectacular amenities such as an in-ground, heated, salt water pool, large wrap around porch and a deep water dock where you can tie up your boat(s). Enjoy breath taking sunsets on the dock with 180 degree views of Newport Harbor from its custom built cupola, complete with comfortable seating area, or from the 1st floor porch or even the rooftop deck, where billowing breezes and Newport Bridge views from all 3 vantage points invigorate the soul!

Last Agent to Sell the Property

Paul Leys

Gustave White Sotheby's Realty License #REC.0013814 Listed on: 04/01/2022

Last Buyer's Agent

Paul Leys

Gustave White Sotheby's Realty License #REC.0013814 Listed on: 04/01/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,585

Year Built

  • Built in 1846

Lot Details

  • 0.36 Acre Lot
  • Beach Front
  • Corner Lot
  • Property is zoned R10

Home Design

  • Antique Architecture
  • Victorian Architecture
  • Stone Foundation
  • Wood Siding
  • Clapboard

Interior Spaces

  • 4-Story Property
  • 6 Fireplaces
  • Free Standing Fireplace
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 92
  • Assessor Parcel Number 72WASHINGTONSTNEWP

Community Details

Overview

  • The Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,585

Year Built

Built in 1846

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.36
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 5798.0
  • Architectural Style: Historic/Antique, Victorian
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 4
  • Year Built: 1846
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 1846.0
  • Fireplace Features: Free Standing
  • Fireplaces: 6
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Parquet
  • Living Area: 7644.0
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Laundry, Storage Room, Utility Room
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Waterfront
  • Pool Features: In Ground, Salt Water
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15681.0
  • Parcel #: 72WASHINGTONSTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 36585.0
  • Tax Lot: 92
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Aug 15, 2022
Sold by
Cuvelier Anne R
Bought by
Schofield Brady and Bullock Sarah
Seller's Agent
Paul Leys
Gustave White Sotheby's Realty
Buyer's Agent
Paul Leys
Gustave White Sotheby's Realty
List Price
$7,195,000
Sold Price
$5,500,000
Premium/Discount to List
-$1,695,000
-23.56%
Current Estimated Value
$5,222,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$277,718
Avg. Annual Appreciation
-1.55%
Original Mortgage
$3,500,000
Outstanding Balance
$3,276,424
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,945,858

Purchase Details

Closed on
Jul 31, 1980
Bought by
Ramsey-Cuvelier Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schofield Brady $550,000 None Available
Schofield Brady $550,000 None Available
Ramsey-Cuvelier Anne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schofield Brady $3,500,000
Closed Schofield Brady $3,500,000
Previous Owner Ramsey-Cuvelier Anne $200,000
Previous Owner Ramsey-Cuvelier Anne $238,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $5,500,000 -6.8% $720 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
05/17/2022 05/17/22 Price Changed $5,900,000 -18.0% $772 / Sq Ft
04/01/2022 04/01/22 For Sale $7,195,000 -- $941 / 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 $45,672 $5,256,286 $2,400,100 $2,856,186
2024 $42,066 $5,117,486 $2,400,100 $2,717,386
2023 $56,193 $3,776,386 $2,393,900 $1,382,486
2022 $56,506 $3,921,286 $2,393,900 $1,527,386
2021 $54,859 $3,921,286 $2,393,900 $1,527,386
2020 $44,962 $2,915,800 $1,886,500 $1,029,300
2019 $44,962 $2,915,800 $1,886,500 $1,029,300
2018 $43,679 $2,915,800 $1,886,500 $1,029,300
2017 $42,231 $2,715,800 $2,181,000 $534,800
2016 $41,172 $2,715,800 $2,181,000 $534,800
2015 $40,167 $2,715,800 $2,181,000 $534,800
2014 $39,391 $2,355,900 $1,705,200 $650,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1306490

State-Wide MLS

APN: NEWP-000012-000000-000092