K
Seller's Agent in 2019
Kate Leonard
Compass / Lila Delman Compass
(401) 952-3461
2 in this area
39 Total Sales
229 Ruggles Ave Newport, RI 02840
Bellevue Avenue and Estates NeighborhoodEstimated Value: $6,691,000 - $9,944,632
12
Beds
10.5
Baths
13,748
Sq Ft
$605/Sq Ft
Est. Value
Highlights
- Beach Front
- Guest House
- Water Access
- Marina
- Golf Course Community
- 4-minute walk to Brother Michael Reynolds Field
About This Home
As of September 2019Midcliff is an iconic oceanfront estate that lies along 2 acres of Newport’s famous Cliff Walk and abuts "Fairholme" which sold for $16M in 2016. With over 180 ft of frontage and views of the Preservation Society's gilded mansions sitting along the Atlantic Ocean, the opportunity to own property in this location is rare. Peabody & Stearns designed this historic Queen Anne shingle style home in 1886 for Caroline Ogden Jones of New York. U.S. Ambassador Perle Mesta of Washington D.C, later owned Midcliff. During Mesta's time there, she entertained such guests as Presidents Eisenhower and Truman and various members of the Vanderbilt family. Midcliff estate offers over 13,000 sq ft of combined living space with 12 bedrooms and 10.5 bathrooms. The main dwelling has 10,829 sq ft of living space consisting of 3 units combined with a total of 7 bedrooms and 7.5 bathrooms. The detached carriage house offers an additional 2919 sq ft of 2 units with a combined 5 bedrooms and 3 bathrooms (Unit 1 leased through March 2020). Midcliff provides ample space for a large family, guests and a caretaker, if desired. This classic property awaits a buyer to restore it to its former elegance. Newport, “City by the Sea,” offers residents exceptional dining, world class yachting, tennis, museums,and beaches. Estate Sale: Discharge of RI Estate Tax Lien will be obtained prior to Closing. Condo conversion for this Estate is a possibility.40' Newport Marina boat slip available for purchase with property.
Last Listed By
Compass / Lila Delman Compass License #RES.0031901 Listed on: 05/01/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $66,082
Year Built
- Built in 1886
Lot Details
- 2.17 Acre Lot
- Beach Front
- Security Fence
- Private Lot
- Secluded Lot
- Paved or Partially Paved Lot
- Property is zoned R60
Home Design
- Antique Architecture
- Stone Foundation
- Wood Siding
- Shingle Siding
- Plaster
Interior Spaces
- 13,748 Sq Ft Home
- 3-Story Property
- 11 Fireplaces
- Marble Fireplace
- Stone Fireplace
- Storage Room
- Utility Room
- Water Views
- Permanent Attic Stairs
- Storm Windows
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 10 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Water Access
- Walking Distance to Water
- Screened Patio
- Porch
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- Underground Utilities
- Power Generator
- Gas Water Heater
- Cable TV Available
Additional Features
- Guest House
- Property near a hospital
Listing and Financial Details
- Tax Lot 051
- Assessor Parcel Number 229RUGGLESAVNEWP
Community Details
Overview
- Ochre Point Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2019
Closed on
Sep 25, 2019
Sold by
Wolf
Bought by
Midcliff Llc
Seller's Agent
Kate Leonard
Compass / Lila Delman Compass
Buyer's Agent
John Hodnett
Compass / Lila Delman Compass
List Price
$7,700,000
Sold Price
$6,200,000
Premium/Discount to List
-$1,500,000
-19.48%
Total Days on Market
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,117,816
Avg. Annual Appreciation
2.51%
Purchase Details
Closed on
Jul 2, 1985
Bought by
T R and D T
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Midcliff Llc | $6,200,000 | -- | |
| Midcliff Llc | $6,200,000 | -- | |
| T R | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2019 09/30/19 | Sold | $6,200,000 | -19.5% | $451 / Sq Ft |
| 08/31/2019 08/31/19 | Pending | -- | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $7,700,000 | -- | $560 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $94,416 | $11,486,100 | $8,089,300 | $3,396,800 |
| 2023 | $66,242 | $6,677,600 | $4,128,300 | $2,549,300 |
| 2022 | $66,427 | $6,912,300 | $4,128,300 | $2,784,000 |
| 2021 | $64,422 | $6,904,800 | $4,128,300 | $2,776,500 |
| 2020 | $68,001 | $6,614,900 | $3,625,900 | $2,989,000 |
| 2019 | $68,001 | $6,614,900 | $3,625,900 | $2,989,000 |
| 2018 | $66,083 | $6,614,900 | $3,625,900 | $2,989,000 |
| 2017 | $68,072 | $6,072,400 | $3,230,000 | $2,842,400 |
| 2016 | $66,371 | $6,072,400 | $3,230,000 | $2,842,400 |
| 2015 | $64,793 | $6,072,400 | $3,230,000 | $2,842,400 |
| 2014 | $59,584 | $4,940,600 | $2,369,100 | $2,571,500 |
Source: Public Records
Agents Affiliated with this Home
-
Kate Leonard
-
Shari Dailey
Seller Co-Listing Agent in 2019
Shari Dailey
Compass / Lila Delman Compass
(401) 239-7176
26 Total Sales
-
Buyer's Agent in 2019
John Hodnett
Compass / Lila Delman Compass
(401) 284-4800
3 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1221650
APN: NEWP-000036-000000-000051
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