NOT LISTED FOR SALE

Estimated Value: $2,512,889

4 Beds
5 Baths
2,800 Sq Ft
$897/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $2,525,000 $902 Per Sq Ft

Current estimated payment $16,128/month

125 Days on Market

Highlights

  • Marina
  • Water Access
  • Deck
  • Golf Course Community
  • Colonial Architecture
  • 4-minute walk to Dunlap Wheeler Park

About This Home

As of October 2023

Introducing Rising Tides at 73 Ellery Avenue, custom coastal elegance just a stone's throw from Easton's and Sachuest Beaches & historic Newport. This exquisite home is a foundation-up new construction built with the highest quality finishes. Designed with generous living & sleeping spaces and an eye toward year-round entertaining. Through the front door, you will be taken by gorgeous maple floors & light-filled living & dining areas. Or enter through the secondary entrance to a custom drop zone for your beach gear. The chef's kitchen has been outfitted with Thermador appliances & ample prep space with a walk-in pantry. There are two Primary Suites including one on the main level. The second level boasts an additional Primary Suite & two guest bedrooms with a full bath & oversized laundry room. Both Primary Suites have elegant bathrooms & custom walk-in closets. The centerpiece of this home is the upper-level entertaining space. Created to be the ideal location for parties & get togethers, this approximately 500-sf area with hosting kitchen & half bath opens to a huge deck with 180-degree views from St. George's Chapel to the Newport Bridge, with stunning ocean views of Cliff Walk & Rough Point. Your living space continues outdoors with a fenced yard & patio area. After a fun day at the beach rinse off in your custom outdoor shower. While only a short walk to the beach, there is ample parking for 6 cars. Check out the virtual tour! Call for your private showing.

Last Listed By

The Donovan Group

Homes By Connect Listed on: 05/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,546

Year Built

  • Built in 2023

Lot Details

  • 10,559 Sq Ft Lot
  • Fenced
  • Property is zoned R10

Home Design

  • Colonial Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,800 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Thermal Windows
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

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

Location

  • Property near a hospital

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 325
  • Assessor Parcel Number 73ELLERYAVMDLT

Community Details

Overview

  • Beaches Easton's Point Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,546

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.2424
  • Subdivision Name: Beaches- Easton's Point
  • Above Grade Finished Sq Ft: 2800.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Other
  • Interior Amenities: Wet Bar, Bathtub, Tub Shower
  • Living Area: 2800.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Heat Pump, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10559.0
  • Parcel #: 73ELLERYAVMDLT
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 325
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Oct 5, 2023
Sold by
Reed Kevin and Reed Megan
Bought by
Macdonald Scott P and Macdonald Deborah L
Seller's Agent
The Donovan Group
Homes By Connect
Buyer's Agent
Johanna Mulholland
Residential Properties Ltd.
List Price
$2,950,000
Sold Price
$2,525,000
Premium/Discount to List
-$425,000
-14.41%
Total Days on Market
125
Views
255
Current Estimated Value
$2,512,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,111
Avg. Annual Appreciation
1.92%
Original Mortgage
$1,162,500
Outstanding Balance
$1,146,524
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,454,429

Purchase Details

Listed on
Mar 9, 2022
Closed on
Mar 30, 2022
Sold by
Ann M Vorro T M and Ann Vorro
Bought by
Reed Kevin and Reed Megan
Seller's Agent
Frank Smith
Keller Williams Coastal
Buyer's Agent
The Donovan Group
Homes By Connect
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
124.63%

Range of Values:

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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
Macdonald Scott P $2,525,000 None Available
Reed Kevin $750,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Scott P $1,162,500
Previous Owner Vorro Ann M $19,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $2,525,000 -4.7% $902 / Sq Ft
08/29/2023 08/29/23 Price Changed $2,650,000 -5.4% $946 / Sq Ft
07/10/2023 07/10/23 Price Changed $2,799,999 -5.1% $1,000 / Sq Ft
06/01/2023 06/01/23 For Sale $2,950,000 +293.3% $1,054 / Sq Ft
04/06/2022 04/06/22 Sold $750,000 +3.4% $721 / Sq Ft
03/09/2022 03/09/22 For Sale $725,000 -- $697 / 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 $25,546 $2,268,700 $890,900 $1,377,800
2023 $6,704 $532,500 $381,500 $151,000
2022 $5,917 $492,300 $381,500 $110,800
2021 $5,917 $492,300 $381,500 $110,800
2020 $5,036 $366,000 $255,200 $110,800
2018 $5,033 $366,000 $255,200 $110,800
2016 $4,449 $288,500 $186,000 $102,500
2015 $4,339 $288,500 $186,000 $102,500
2014 $4,418 $274,900 $169,100 $105,800
2013 $4,319 $274,900 $169,100 $105,800
Source: Public Records

Agents Affiliated with this Home

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Source: State-Wide MLS

MLS Number: 1336200

State-Wide MLS

APN: MIDD-000115-S000000E-000324