Seller's Agent in 2024
Jose Aguon
Gustave White Sotheby's Realty
(401) 263-4168
3 in this area
28 Total Sales
107 Purgatory Rd Middletown, RI 02842
Estimated Value: $4,974,637 - $5,577,000
4
Beds
2.5
Baths
2,958
Sq Ft
$1,786/Sq Ft
Est. Value
Highlights
- Beach Front
- Golf Course Community
- Marble Flooring
- Marina
- Spa
- 3-minute walk to Dunlap Wheeler Park
About This Home
As of June 2024Nestled along the pristine shores of the Atlantic Ocean, this beachfront property offers a rare and exquisite living experience. Located at the eastern end of Easton's Beach, the Land Trust Cottages form a compound of five charming shingle-style homes, built in the 1880s, each carefully designed to capture the breathtaking views of the Cliff Walk and the vast expanse of the Atlantic. Thanks to the visionary work of Frederick Law Olmsted, the renowned landscape architect behind Central Park in New York Olmsted's expertise is evident in the strategic positioning of each house, ensuring that residents enjoy the best possible vistas of Easton's Point and the iconic Cliff Walk. This 4-bedroom, 2.5 bath home seamlessly integrates with the natural beauty of its surroundings, creating a retreat that captures the essence of seaside living. Expansive windows grace the ocean-facing fa ade, offering panoramic views of the vast Atlantic Ocean. The outside terrace provides a perfect setting for al fresco dining, social gatherings, or simply relaxing while enjoying the sea breeze. The house stands as a testament to both craftsmanship and functionality. Positioned outside the flood zone, it offers peace of mind and security against the elements. This beachfront property, with its sandy beach, shingle-style elegance, and stunning Atlantic views, offers not only a serene retreat but also the convenience of easy access to nearby restaurants and the lively amenities of downtown Newport.
Last Agent to Sell the Property
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0030702 Listed on: 02/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,287
Year Built
- Built in 1890
Lot Details
- 0.5 Acre Lot
- Beach Front
- Property is zoned R10
Parking
- 1 Car Attached Garage
Home Design
- Antique Architecture
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
- Masonry
- Plaster
Interior Spaces
- 2,958 Sq Ft Home
- 2-Story Property
- Wet Bar
- 3 Fireplaces
- Fireplace Features Masonry
- Thermal Windows
- Water Views
- Crawl Space
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Home Security
- Security System Owned
- Storm Doors
Outdoor Features
- Spa
- Walking Distance to Water
- Patio
- Porch
Utilities
- No Cooling
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- Hot Water Heating System
- 200+ Amp Service
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 116
- Assessor Parcel Number 107PURGATORYRDMDLT
Community Details
Overview
- Easton's Point / First Beach Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2024
Closed on
Jun 27, 2024
Sold by
Volkwein James F and Volkwein Christina P
Bought by
107 Purgatory Rd Rt and Nyhan
Seller's Agent
Jose Aguon
Gustave White Sotheby's Realty
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$5,249,000
Sold Price
$4,800,000
Premium/Discount to List
-$449,000
-8.55%
Views
166
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
$483,879
Avg. Annual Appreciation
7.10%
Original Mortgage
$2,880,000
Outstanding Balance
$2,831,029
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,452,850
Purchase Details
Closed on
Aug 18, 2004
Sold by
Coletti Bruce and Coletti Stacey
Bought by
Volkwein James and Volkwein Christina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,372,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 28, 2000
Sold by
Schofield Brady M
Bought by
Coletti Bruce M and Coletti Stacey
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 107 Purgatory Rd Rt | $4,800,000 | None Available | |
| 107 Purgatory Rd Rt | $4,800,000 | None Available | |
| Volkwein James | $1,960,000 | -- | |
| Coletti Bruce M | $1,250,000 | -- | |
| Volkwein James | $1,960,000 | -- | |
| Coletti Bruce M | $1,250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 107 Purgatory Rd Rt | $2,880,000 | |
| Closed | 107 Purgatory Rd Rt | $2,880,000 | |
| Previous Owner | Coletti Bruce M | $1,470,000 | |
| Previous Owner | Coletti Bruce M | $138,000 | |
| Previous Owner | Coletti Bruce M | $1,372,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2024 06/27/24 | Sold | $4,800,000 | -8.6% | $1,623 / Sq Ft |
| 06/12/2024 06/12/24 | Pending | -- | -- | -- |
| 02/01/2024 02/01/24 | For Sale | $5,249,000 | -- | $1,775 / 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 |
|---|---|---|---|---|
| 2025 | $53,746 | $4,558,600 | $3,951,200 | $607,400 |
| 2024 | $51,330 | $4,558,600 | $3,951,200 | $607,400 |
| 2023 | $35,287 | $2,802,800 | $2,327,500 | $475,300 |
| 2022 | $33,690 | $2,802,800 | $2,327,500 | $475,300 |
| 2021 | $33,690 | $2,802,800 | $2,327,500 | $475,300 |
| 2020 | $32,278 | $2,345,800 | $1,946,000 | $399,800 |
| 2018 | $32,255 | $2,345,800 | $1,946,000 | $399,800 |
| 2016 | $26,495 | $1,718,200 | $1,406,000 | $312,200 |
| 2015 | $25,842 | $1,718,200 | $1,406,000 | $312,200 |
| 2014 | $26,440 | $1,645,300 | $1,345,600 | $299,700 |
| 2013 | $25,848 | $1,645,300 | $1,345,600 | $299,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Aguon
-
Teri Degnan
Buyer's Agent in 2024
Teri Degnan
Teri Degnan RE & Consulting
(401) 474-9191
30 in this area
135 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1352083
APN: MIDD-000116-N000000W-000056
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