NOT LISTED FOR SALE

Estimated Value: $2,397,000 - $4,927,000

3 Beds
3 Baths
3,174 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $3,760,000 $1,185 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $25,071/month

88 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • Tennis Courts

About This Home

As of October 2021

Waterfront retreat - Resting on the tip of Sand Point in the rustic beauty of coastal Rhode Island, this unique property offers exceptional privacy. This New England shingle style home has been expertly designed to maximize the beauty of its setting and panoramic views of Narragansett Bay and spectacular sunsets. Gorgeous grounds with verdant lawn to the waterfront and beach, feature a swimming pool with stone patio and cabana and a tennis court. Massive porch facing the Bay and the deck integrate the outdoors and the indoor living space. The custom finishes create a simple yet elegant coastal ambiance. Spacious living room with stone fireplace and wet bar, gorgeous light filled dining room, all with sweeping water views have French doors to the porch to enjoy waterfront living. Handsomely appointed eat-in kitchen with granite countertops, large island and radiant heat floors and a family room with stone fireplace have access to the deck and swimming pool. The intimate master suite with bathroom and walk-in closet also has access to the waterfront and serene grounds. Full bathroom, laundry room and pantry complete the first floor. Two bedrooms, office and a bathroom are on the second floor. Free-standing two car garage, carport and ample parking are additional
highlights of this splendid estate. Mooring is available and deep-water dock is approved for construction. Enjoy your waterfront living at it's best!

Last Agent to Sell the Property

Elena Wilcox

Gustave White Sotheby's Realty License #RES.0026687 Listed on: 06/24/2021

Gustave White Sotheby's Realty

Last Buyer's Agent

Gordon King

Hogan Associates Christie's License #RES.0040040

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,086

Year Built

  • Built in 1986

Lot Details

  • 12 Acre Lot
  • Beach Front
  • Property is zoned R-80

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,174 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • 2 Fireplaces
  • Stone Fireplace
  • Thermal Windows
  • Workshop
  • Storage Room
  • Dryer
  • Utility Room
  • Water Views
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • In Ground Pool
  • Water Access
  • Mooring
  • Tennis Courts
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Heating System Uses Oil
  • Radiant Heating System
  • Baseboard Heating
  • Heating System Uses Steam
  • Underground Utilities
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 484
  • Assessor Parcel Number 1163NORTHMAINRDJAME

Community Details

Overview

  • Sand Point, Waterfront Subdivision

Recreation

  • Marina
  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,086

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 12.0
  • Subdivision Name: Sand Point, Waterfront
  • Above Grade Finished Sq Ft: 3174.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1986
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Wet Bar, Cathedral Ceiling(s), Skylights, Tub Shower
  • Living Area: 3174.0
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Pool Features: In Ground
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Mooring, Ocean Front, Water Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Patio, Tennis Court(s)
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Ductless, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Hot Water, Oil, Radiant, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, Underground
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 522720.0
  • Parcel #: 1163NORTHMAINRDJAME
  • Zoning: R-80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 19085.55
  • Tax Lot: 484
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 20, 2021
Sold by
Patricia C Munafo 2020 T
Bought by
Sadoway Donald R and Miller Rebecca J
Seller's Agent
Elena Wilcox
Gustave White Sotheby's Realty
Buyer's Agent
Gordon King
Hogan Associates Christie's
List Price
$3,750,000
Sold Price
$3,760,000
Premium/Discount to List
$10,000
0.27%
Total Days on Market
88
Current Estimated Value
$4,035,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,693
Avg. Annual Appreciation
1.96%
Original Mortgage
$2,752,000
Outstanding Balance
$2,540,404
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,495,289

Purchase Details

Closed on
Nov 9, 2020
Sold by
Munafo Dominic P and Munafo Patricia C
Bought by
Patricia C Munafo T
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 Buyer Sale Price Title Company
Sadoway Donald R $3,760,000 None Available
Patricia C Munafo T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadoway Donald R $2,752,000
Previous Owner Monglo Dominic $100,000
Previous Owner Monglo Dominic $530,000
Previous Owner Monglo Dominic $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $3,760,000 +0.3% $1,185 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $3,750,000 -- $1,181 / 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 $43,845 $6,115,000 $1,505,700 $4,609,300
2023 $23,713 $3,397,300 $1,505,700 $1,891,600
2022 $23,068 $3,397,300 $1,505,700 $1,891,600
2021 $19,582 $2,365,000 $1,363,600 $1,001,400
2020 $19,086 $2,365,000 $1,363,600 $1,001,400
2019 $19,038 $2,365,000 $1,363,600 $1,001,400
2018 $18,197 $2,056,200 $1,245,300 $810,900
2017 $17,807 $2,056,200 $1,245,300 $810,900
2016 $21,691 $2,528,100 $1,926,000 $602,100
2015 $22,381 $2,549,100 $2,039,400 $509,700
2014 $22,305 $2,549,100 $2,039,400 $509,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1286442

State-Wide MLS

APN: JAME-000003-000000-000484