NOT LISTED FOR SALE

Estimated Value: $2,653,000 - $2,992,000

3 Beds
3 Baths
5,415 Sq Ft
1990 Built

Last Sold July 15, 2016

Last sale price $1,265,000 $234 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $17,095/month

102 Days on Market

About This Home

As of July 2016

Panoramic views of ocean, rivers, sandbar beaches & salt marshes are the hallmarks of this enchanting coastal paradise. With stunning lines, 2"x6" framing & quality workmanship, this residence blends colonial & contemporary elements into a timeless showpiece. The 26 acre island is formed as a condominium of 13 units - its structure (with "exclusive use areas" & private natural barriers between homes) lends an atmosphere not reflective of your typical condominium. Much of the island is preserved & there are walking trails, sand beach, floating common dock and “yacht club”. Moorings administered by the Town are nearby & subject to availability. Interior features include custom woodwork & flooring, soaring ceilings, spacious rooms & an open concept versatile flr pln. Walls of windows flood the interior space w/ natural light & provide amazing views of the surrounding landscape from within - blurring the lines between indoor & outdoor living. Beauty abounds year round! Truly Incomparable!

Last Listed By

David Drinkwater

Grand Gables Realty Group Inc. Listed on: 03/17/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,419

Year Built

  • 1990

Utilities

  • Private Sewer

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,419

Year Built

1990

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1990

Interior Features

  • Appliances: Wall Oven, Dishwasher, Microwave, Countertop Range, Refrigerator
  • Fireplaces: 3
  • Has Basement: Yes
  • Fireplaces: 3
  • Primary Bathroom: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Conservation Area, Marina
  • Electric: Circuit Breakers
  • Flooring: Tile, Wall to Wall Carpet, Marble, Hardwood
  • Interior Amenities: Central Vacuum, Security System, Sauna/Steam/Hot Tub, Wetbar, Wired for Surround Sound
  • Bedroom 2: Second Floor
  • Bedroom 3: First Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Bathroom - Full, Fireplace, Ceiling - Cathedral, Ceiling Fan(s), Closet - Walk-in, Flooring - Hardwood, Window(s) - Picture, Dressing Room, Recessed Lighting
  • Dining Room: First Floor
  • Family Room: Basement
  • Oth1 Room Name: Library
  • Oth1 Dscrp: Fireplace, Ceiling - Cathedral, Closet/Cabinets - Custom Built, Flooring - Hardwood, Main Level, Recessed Lighting, Wainscoting
  • Oth1 Level: First Floor
  • Oth2 Room Name: Foyer
  • Oth2 Dscrp: Closet, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Main Level, Exterior Access, Recessed Lighting
  • Oth2 Level: First Floor
  • Oth3 Room Name: Sun Room
  • Oth3 Dscrp: Wet bar
  • Oth3 Level: First Floor
  • Oth4 Room Name: Media Room
  • Oth4 Dscrp: Flooring - Wall to Wall Carpet, Recessed Lighting
  • Oth4 Level: Basement
  • Oth5 Room Name: Exercise Room
  • Oth5 Dscrp: Closet
  • Oth5 Level: Basement
  • No Living Levels: 4

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Clapboard, Wood
  • Exterior Unit Features: Deck, Patio, Storage Shed, Garden Area, Gutters, Professional Landscaping
  • Waterfront: Ocean, River, Frontage, Marsh
  • Beach Ownership: Private, Public
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Attached, Garage Door Opener, Storage, Work Area
  • Garage Spaces: 2
  • Parking: Off-Street, Unpaved Driveway
  • Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating: Hot Water Baseboard, Propane, Radiant
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: Private Sewerage
  • Water: Community Well

Condo/Co-op/Association

  • Condominium Name: Rum Island Condominium Trust
  • Association Fee Includes: Master Insurance, Road Maintenance, Snow Removal, Dock/Mooring
  • Management: Professional - Off Site
  • No Units: 13
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: res

Multi Family

  • Waterview: Marsh, Ocean, River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2016
Closed on
Jul 15, 2016
Sold by
Ryan Patricia M and Ryan Daniel K
Bought by
Kenneth D Chipman Ret
Seller's Agent
David Drinkwater
Grand Gables Realty Group Inc.
Buyer's Agent
David Drinkwater
Grand Gables Realty Group Inc.
List Price
$1,395,000
Sold Price
$1,265,000
Premium/Discount to List
-$130,000
-9.32%
Total Days on Market
102
Current Estimated Value
$2,836,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,571,619
Avg. Annual Appreciation
9.60%

Purchase Details

Closed on
May 11, 2009
Sold by
Dennehy Patricia M
Bought by
Dennehy Patricia M and Ryan Daniel K

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
Kenneth D Chipman Ret $747,638 --
Dennehy Patricia M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ryan Patricia M $1,300,000
Previous Owner Ryan Patricia M $800,000
Previous Owner Lacross Richard P $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $1,265,000 -2.6% $234 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
04/28/2016 04/28/16 Price Changed $1,299,000 -6.9% $240 / Sq Ft
03/17/2016 03/17/16 For Sale $1,395,000 -- $258 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $16,419 $1,658,500 $0 $1,658,500
2024 $16,848 $1,621,600 $0 $1,621,600
2023 $21,867 $1,792,700 $0 $1,792,700
2022 $21,867 $1,688,600 $0 $1,688,600
2021 $16,861 $1,278,300 $0 $1,278,300
2020 $17,040 $1,278,300 $0 $1,278,300
2019 $17,104 $1,278,300 $0 $1,278,300
2018 $16,734 $1,251,600 $0 $1,251,600
2017 $18,468 $1,346,100 $0 $1,346,100
2016 $19,167 $1,380,900 $0 $1,380,900
2015 $18,352 $1,380,900 $0 $1,380,900
2014 $20,340 $1,530,500 $0 $1,530,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71973799

MLS Property Information Network (MLS PIN)

APN: MARS-000019G-000002-000001