NOT LISTED FOR SALE

Estimated Value: $1,008,000 - $1,509,000

0.16 Acre
$8,158,744 Price per Acre
6,969 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $396,000 $825 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $7,925/month

175 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Hamilton Elementary School Rated A
  • Golf Course Community
  • 1-minute walk to Plum Point Beach

About This Lot

As of April 2021

DIRECT WATERFRONT IN PLUM POINT. Private Beach. Amazing views. Current cottage on site is gutted to studs, and ready for demolition. Approved plans for a 1 bedroom plus loft home convey with sale. This is an amazing opportunity to own waterfront in Plum Point and build a quintessential Plum Point Waterfront getaway cottage. All Approved Plans Convey! Current home is not habitable.

Last Agent to Sell the Property

Douglas Kohler

Lila Delman Compass License #RES.0043775 Listed on: 09/15/2020

Lila Delman Compass

Last Buyer's Agent

Shannon Buss

Gustave White Sotheby's Realty License #REB.0016491

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,460

Lot Details

  • 6,969 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Finished Lot(s)
  • Property is zoned VR

Additional Features

  • Water Views
  • Property near a hospital
  • Septic Tank

Listing and Financial Details

  • Tax Lot 041
  • Assessor Parcel Number 10RIPTIDEDRNKNG

Community Details

Overview

  • Plum Point/Saunderstown Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities
  • Water Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$7,460

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Business Type: Residential
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt
  • Subdivision Name: Plum Point/Saunderstown
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Waterfront, Level
  • Topography: Cleared,Level
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance, Septic Disclosure

Utilities

  • Sewer: Septic Tank
  • Utilities: Municipal Utilities, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Recreation Area
  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 6969.0
  • Parcel #: 10RIPTIDEDRNKNG
  • Zoning Description: Residential
  • Zoning: VR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7460.0
  • Tax Lot: 041
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Apr 5, 2021
Sold by
Olton Leslie A
Bought by
Heimbold Leif and Heimbold Adrienne
Seller's Agent
Douglas Kohler
Lila Delman Compass
Buyer's Agent
Shannon Buss
Gustave White Sotheby's Realty
List Price
$429,000
Sold Price
$396,000
Premium/Discount to List
-$33,000
-7.69%
Current Estimated Value
$1,305,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$909,399
Avg. Annual Appreciation
28.48%

Purchase Details

Closed on
Jul 12, 2017
Sold by
Olton Ft and Olton
Bought by
Olton Leslie A

Purchase Details

Closed on
Sep 19, 2014
Sold by
Olton Leslie A
Bought by
Olton Ft and Olton

Purchase Details

Closed on
Apr 30, 2004
Sold by
Doherty Joanne
Bought by
Olton Leslie and Olton Janice T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1999
Sold by
Precourt Ruth A
Bought by
Doherty Joanne M and Chambers Brian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Heimbold Leif $396,000 None Available
Olton Leslie A -- --
Olton Ft -- --
Olton Leslie $425,000 --
Doherty Joanne M $77,000 --
Doherty Joanne M $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doherty Joanne M $249,000
Previous Owner Doherty Joanne M $160,000
Previous Owner Doherty Joanne M $147,000
Previous Owner Doherty Joanne M $138,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $396,000 -7.7% $825 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
09/15/2020 09/15/20 For Sale $429,000 -- $894 / 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 $13,990 $1,267,200 $699,200 $568,000
2024 $14,620 $1,019,500 $582,900 $436,600
2023 $10,452 $728,900 $582,900 $146,000
2022 $8,917 $634,200 $582,900 $51,300
2021 $7,639 $436,500 $397,000 $39,500
2020 $7,460 $436,500 $397,000 $39,500
2019 $7,460 $436,500 $397,000 $39,500
2018 $8,280 $436,500 $397,000 $39,500
2017 $8,115 $436,500 $397,000 $39,500
2016 $7,883 $436,500 $397,000 $39,500
2015 $5,871 $304,200 $264,700 $39,500
2014 $5,752 $304,200 $264,700 $39,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1264616

State-Wide MLS

APN: NKIN-000042-000041