$1,955,000
SOLD JUL 31, 2020

116 Sakonnet Point Rd Little Compton, RI 02837

4 Beds
3.5 Baths
3,797 Sq Ft
2.09 Acres

Recently Sold

$515 Per Sq Ft

12% Above List Price

13 Days on Market

Highlights

  • Marina
  • Beach Access
  • Horses Allowed On Property
  • Wilbur & McMahon School Rated A-
  • Golf Course Community
  • 2.09 Acre Lot

About This Home

As of July 2020

Location, style, size, privacy and amenities make this a sure fit for anyone looking for a lovely summer home or year-round residence in the heart of Little Compton’s famed “Sakonnet Point” area. Short distance walk/ride to the harbor, beaches, yacht club, restaurants and ALL the activities one would expect from a quintessential coastal seaside village. The home underwent a full renovation and expansion, led by a RISD design/build company in 2016-2017, transforming this 1933 cottage into the perfect retreat. Designed specifically to emulate the quaintness of a cottage style manor, open concept living, with more intimate/cozy living spaces and a coastal flair. The home offers a gracious amount of living space, designed to comfortably allow for multiple guests or extended family, offering a studio in-law apt. over the garage and finished space in the lower level including a bedroom, living room, laundry room and space for a mini-kitchen. The living room, den and dining area open up to an expansive private deck and yard, and also offers a screened, western facing, front porch. The sunrises, moonrises and sunsets are truly one of a kind! You don’t want to miss this exquisite home and once in a lifetime opportunity! Generator, A/C, surround sound. Buyer to Pay LCAT.

Last Agent to Sell the Property

Welchman Real Estate Group

Compass Listed on: 06/17/2020

Co-Listed By

Renee Welchman

Compass License #REB.0018840

Last Buyer's Agent

Edward Marvell

Lila Delman Compass License #RES.0027837

Lila Delman Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,457

Year Built

  • Built in 1933

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Outdoor Features

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

Utilities

  • Humidifier
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Underground Utilities
  • Power Generator
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • 2.09 Acre Lot
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 1-1
  • Assessor Parcel Number 116SAKONNETPOINTRDLCOM

Community Details

Recreation

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

Additional Features

  • Sakonnet Point Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,457

Year Built

Built in 1933

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 2.09
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Sakonnet Point
  • Above Grade Finished Sq Ft: 2799.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1933
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer, Humidifier
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 998.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 3797.0
  • Dining Room Type: Bedroom, Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Plaster, Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 12.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Forced Air, Propane, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Horse Amenities: Horses Allowed
  • Land Lease: No
  • Lot Size Sq Ft: 91040.0
  • Parcel #: 116SAKONNETPOINTRDLCOM
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6457.0
  • Tax Lot: 1-1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jul 28, 2020
Sold by
Ward-Bodman April
Bought by
Harris Paul R and Harris Jessica W
Seller's Agent
Welchman Real Estate Group
Compass
Buyer's Agent
Edward Marvell
Lila Delman Compass
List Price
$1,750,000
Sold Price
$1,955,000
Premium/Discount to List
$205,000
11.71%
Current Estimated Value
$2,973,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,018,108
Avg. Annual Appreciation
8.15%

Purchase Details

Listed on
Aug 20, 2014
Closed on
May 27, 2015
Sold by
Moore James H and Moore Everett L
Bought by
Bodman April W
Seller's Agent
James Moore
Peter M. Scotti & Assoc.,Inc.
Buyer's Agent
Lisa Haffenreffer
Compass
List Price
$1,249,000
Sold Price
$950,000
Premium/Discount to List
-$299,000
-23.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,955,000 None Available
Deed $950,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,260,000 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $1,955,000 +11.7% $515 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $1,750,000 +84.2% $461 / Sq Ft
05/27/2015 05/27/15 Sold $950,000 -23.9% $338 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
08/20/2014 08/20/14 For Sale $1,249,000 -- $445 / 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
2024 $10,949 $2,155,400 $626,300 $1,529,100
2023 $10,691 $2,155,400 $626,300 $1,529,100
2022 $10,542 $2,151,500 $626,300 $1,525,200
2021 $7,783 $1,288,600 $496,200 $792,400
2020 $6,522 $1,088,800 $496,200 $592,600
2019 $6,457 $1,088,800 $496,200 $592,600
2018 $6,639 $1,114,000 $496,200 $617,800
2016 $4,106 $724,100 $496,200 $227,900
2015 $4,341 $754,900 $414,100 $340,800
2014 -- $754,900 $414,100 $340,800
Source: Public Records

Agents Affiliated with this Home

  • Renee Welchman

    Seller Co-Listing Agent in 2020

    Renee Welchman

    Compass

    (401) 649-1915

    43 in this area

    87 Total Sales

    Renee Welchman
    Section Image
  • Edward Marvell

    Buyer's Agent in 2020

    Edward Marvell

    Lila Delman Compass

    (401) 225-6420

    3 in this area

    4 Total Sales

    Edward Marvell
    Section Image
  • James Moore

    Seller's Agent in 2015

    James Moore

    Peter M. Scotti & Assoc.,Inc.

    (401) 490-5036

    4 Total Sales

    James Moore
    Section Image
  • Lisa Haffenreffer

    Buyer's Agent in 2015

    Lisa Haffenreffer

    Compass

    (401) 474-7345

    23 in this area

    28 Total Sales

    Lisa Haffenreffer
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1256501

State-Wide MLS

APN: LCOM-000012-000000-000001-000001

Rhode Island Newport County Little Compton 02837

116 Sakonnet Point Rd, Little Compton, RI

This home is located at 116 Sakonnet Point Rd, Little Compton, RI 02837 and is currently priced at $1,955,000, approximately $514 per square foot. This property was built in 1933. 116 Sakonnet Point Rd is a home located in Newport County with nearby schools including Wilbur & McMahon School.

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