NOT LISTED FOR SALE

107 Balsam Rd Wakefield, RI 02879

Estimated Value: $511,000 - $624,000

2 Beds
1 Bath
960 Sq Ft
$607/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $349,000 $364 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,471/month

15 Days on Market

Highlights

  • Marina
  • 2 Fireplaces
  • Cottage
  • Water Access
  • Tennis Courts
  • Thermal Windows

About This Home

As of August 2020

Amazing one floor living home, in the sought out Ocean Ridge community offers multiple opportunities as a wonderful starter, down sizer, summer, or income producing investment! Recently updated and nestled on a fenced, private, large, park like lot. This home boasts newer minisplit a/c cooling supplemental efficient heating and a huge basement for additional living and storage space. Ocean Ridge Civic Association aka O.R.C.A. provides access to a club house, beach pavilion, private Greenhill pond beach, kayak/canoe racks, two boat ramps, 22 slip marina and fun events. Bike ride to Charlestown Beach, Ice cream shops, restaurants, and coffee/bakery shops. Minutes to URI and easy access to rt1. This is your gateway to all the very best RI has to offer.

Last Agent to Sell the Property

David Cappucci

KEY Real Estate Services License #REC.0018315 Listed on: 06/19/2020

Last Buyer's Agent

Emma Phaneuf

Compass License #RES.0040849

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,724

Year Built

  • Built in 1982

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced
  • Property is zoned R30

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Cottage
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Screened Patio
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Central Air
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • 200+ Amp Service
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 107BALSAMRDSKNG

Community Details

Overview

  • Ocean Ridge Orca Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,724

Year Built

Built in 1982

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Subdivision Name: Ocean Ridge - ORCA
  • Above Grade Finished Sq Ft: 960.0
  • Architectural Style: Cabin/Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1982
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Tankless Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl
  • Living Area: 960.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Ductless, Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 55.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10019.0
  • Parcel #: 107BALSAMRDSKNG
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3724.0
  • Tax Lot: 90
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Jul 30, 2020
Sold by
Grady Justin
Bought by
Sumner Cyril J
Seller's Agent
David Cappucci
KEY Real Estate Services
Buyer's Agent
Emma Phaneuf
Compass
List Price
$349,000
Sold Price
$349,000
Current Estimated Value
$582,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,377
Avg. Annual Appreciation
10.41%

Purchase Details

Closed on
Oct 23, 2015
Sold by
Grady Justin and Grady Jennifer
Bought by
Grady Justin

Purchase Details

Listed on
Apr 26, 2012
Closed on
Jun 4, 2012
Sold by
Palmieri John J and Gorrindo Tristan L
Bought by
Grady Justin and Grady Jennifer
Seller's Agent
Denise Fusaro
BHHS New England Properties
Buyer's Agent
Sally Cuda
Compass
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$208,000
Interest Rate
3.9%

Purchase Details

Closed on
Sep 18, 2009
Sold by
Patton Roi L
Bought by
Palmieri John J and Gorrindo Tristan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2007
Sold by
Moore Robert and Moore Janine M
Bought by
Patton Roi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2002
Sold by
Bouffard Frederick D and Bouffard Mary M
Bought by
Moore Robert E and Moore Janine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,720
Interest Rate
6.39%

Purchase Details

Closed on
Feb 24, 1993
Sold by
Axon James W and Axon Anne
Bought by
Bouffard Frederick D and Bouffard Mary M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sumner Cyril J $349,000 None Available
Grady Justin -- --
Grady Justin $260 --
Palmieri John J $257,500 --
Patton Roi L $275,000 --
Moore Robert E $196,000 --
Bouffard Frederick D $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bouffard Frederick D $208,000
Previous Owner Bouffard Frederick D $206,000
Previous Owner Bouffard Frederick D $220,000
Previous Owner Bouffard Frederick D $156,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $349,000 0.0% $364 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $349,000 +34.2% $364 / Sq Ft
06/04/2012 06/04/12 Sold $260,000 0.0% $271 / Sq Ft
05/05/2012 05/05/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $260,000 -- $271 / 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 $4,535 $507,300 $298,100 $209,200
2024 $4,367 $395,200 $229,200 $166,000
2023 $4,367 $395,200 $229,200 $166,000
2022 $4,327 $395,200 $229,200 $166,000
2021 $3,724 $257,700 $140,100 $117,600
2020 $3,724 $257,700 $140,100 $117,600
2019 $3,724 $257,700 $140,100 $117,600
2018 $3,614 $230,500 $129,200 $101,300
2017 $3,529 $230,500 $129,200 $101,300
2016 $3,478 $230,500 $129,200 $101,300
2015 $3,382 $217,900 $117,400 $100,500
2014 $3,373 $217,900 $117,400 $100,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1256636

State-Wide MLS

APN: SKIN-008302-000000-000090