NOT LISTED FOR SALE

Estimated Value: $2,718,000 - $3,290,000

5 Beds
2.5 Baths
4,386 Sq Ft
$689/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $2,600,000 $593 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $17,341/month

26 Days on Market

Highlights

  • Marina
  • Water Views
  • 2.85 Acre Lot
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • Cape Cod Architecture

About This Home

As of July 2021

Coastal seclusion on the north end of Jamestown. Your unobstructed water views of Narragansett Bay facing Hope Island can be enjoyed from almost every room of your home. This home is situated on 1.98 acres with expansive backyard space to add a pool. The landscape and architectural design of the bluestone patio allows for multiple seating areas with a built in bar, fridge and grilling space to create cohesive indoor/outdoor living to enjoy summer nights with family and friends. With close to 4,400 sq ft of living you have water views from every bedroom and access to a second floor balcony and lounging area. With an updated 5 bedroom septic the first floor office could easily convert into a first floor bedroom. The kitchen, with cathedral ceilings opening to the second floor living area, is equipped with a Sub-Zero refrigerator, 2 JennAir built-in ovens, and a 6 burner gas stove. If more living or recreational space is needed, the unfinished basement boasts a 13 foot ceiling and French doors leading out to the patio. Additionally, this home is being conveyed with an adjacent parcel (1126 East Shore Rd) with approvals and architectural drawings in place for a 2 bedroom dwelling and a drilled well has been installed. This .86 acre vacant lot gives you the ability for expansion of the existing home or adding a separate dwelling. Create the family compound you are looking for with nearly 3 acres of direct water views awaiting your arrival.

Last Agent to Sell the Property

Nicole Carstensen

Mott & Chace Sotheby's Intl. License #RES.0043519 Listed on: 05/23/2021

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Michelle Datoli

Mott & Chace Sotheby's Intl. License #REB.0016198

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,113

Year Built

  • Built in 1968

Lot Details

  • 2.85

Parking

  • 2 Car Garage
  • No Garage

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 4,386 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck
  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Underground Utilities
  • 220 Volts
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • 2.85 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 352-324
  • Assessor Parcel Number 11161126EASTSHORERDJAME

Community Details

Overview

  • Conanicut Park Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,113

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.8477
  • Subdivision Name: Conanicut Park
  • Above Grade Finished Sq Ft: 4386.0
  • Architectural Style: Cape Cod, Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1968
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower, Cable TV
  • Living Area: 4386.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Multiple lots
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Masonry, Shingle Siding
  • Exterior Features: Balcony, Deck, Patio, Barbecue
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Balcony, Deck, Patio

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Underground, 220 Volts
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 124047.0
  • Parcel #: 11161126EASTSHORERDJAME
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 12113.0
  • Tax Lot: 352-324
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2021
Closed on
Jul 16, 2021
Sold by
Earley Susan J
Bought by
Colarte-Kelly Alica and Kelly Fred A
Seller's Agent
Nicole Carstensen
Mott & Chace Sotheby's Intl.
Buyer's Agent
Michelle Datoli
Mott & Chace Sotheby's Intl.
List Price
$2,475,000
Sold Price
$2,600,000
Premium/Discount to List
$125,000
5.05%
Current Estimated Value
$3,020,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,909
Avg. Annual Appreciation
3.41%
Original Mortgage
$1,600,000
Outstanding Balance
$1,467,395
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,525,975

Purchase Details

Closed on
Apr 6, 2020
Sold by
Earley Susan J
Bought by
Hope Overlook Rt
Source: Public Records

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
Colarte-Kelly Alica $2,200,000 None Available
Hope Overlook Rt -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colarte-Kelly Alica $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $2,600,000 +5.1% $593 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
05/23/2021 05/23/21 For Sale $2,475,000 -- $564 / 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 $15,905 $2,820,000 $1,193,000 $1,627,000
2024 $15,684 $2,187,400 $903,700 $1,283,700
2023 $15,503 $2,221,100 $903,700 $1,317,400
2022 $9,837 $1,448,800 $903,700 $545,100
2021 $10,420 $1,258,400 $663,100 $595,300
2020 $10,155 $1,258,400 $663,100 $595,300
2019 $10,108 $1,255,700 $663,100 $592,600
2018 $9,884 $1,116,800 $638,900 $477,900
2017 $9,671 $1,116,800 $638,900 $477,900
2016 $9,582 $1,116,800 $638,900 $477,900
2015 $10,102 $1,150,600 $757,800 $392,800
2014 $10,068 $1,150,600 $757,800 $392,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1283525

State-Wide MLS

APN: JAME-000001-000000-000352