NOT LISTED FOR SALE

119 Purgatory Rd Middletown, RI 02842

Estimated Value: $3,240,000 - $5,230,000

8 Beds
6 Baths
5,279 Sq Ft
$784/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $3,800,000 $720 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $25,039/month

98 Days on Market

Highlights

  • Marina
  • Beach Access
  • Antique Architecture
  • Water Views
  • Deck
  • 3-minute walk to Dunlap Wheeler Park

About This Home

As of March 2022

A rare opportunity to own one of the historic Land Trust Cottages, built by owners of the Breakers. Sitting at the eastern end of Easton's Beach and the entrance to Easton's Point, The Land Trust Cottages were laid out to best capture the views of and access to the Atlantic Ocean by landscape designer Frederick Law Olmsted. The six-home neighborhood reflects thoughtful consideration of space, water views and light, and includes a deeded access to a shared sandy beach just steps from the front door. With over 5,200 sqft of living area, this shingle style home is a gem that boasts stunning water views, fifteen generous rooms, four full/two half baths, first-floor bedroom suite and separate guest suite. Extensive renovations have resulted in a well-designed, spacious and inviting home that is ideal for gatherings year round. A gourmet kitchen with a large central island, granite countertops, stainless appliances and a six burner stove. First floor living room, family room, office and dining offer water views year round. Second floor offers a wraparound deck accessed from two bedrooms - enjoy the views and fireworks that often fill the skies above Newport. The third floor has an office space and storage. Outdoor living includes porches/decks on the first and second levels. In addition to a front yard beach, there is a private yard for entertaining, as well as 3 car garage/parking for 10 cars. Just minutes from downtown Newport; convenient to Providence, Boston, NYC.

Last Agent to Sell the Property

Deb Foppert

Jamestown Real Estate LLC License #REB.0019071 Listed on: 11/16/2021

Co-Listed By

Matthew Archer

Jamestown Real Estate LLC License #RES.0046203

Last Buyer's Agent

Trish Gray

Century 21 Topsail Realty License #RES.0029652

Century 21 Topsail Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,164

Year Built

  • Built in 1885

Lot Details

  • 0.32 Acre Lot
  • Cul-De-Sac
  • Sprinkler System
  • Property is zoned OS

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Antique Architecture
  • Cottage
  • Shingle Siding
  • Plaster

Interior Spaces

  • 5,279 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Water Views
  • Unfinished Basement
  • Partial Basement
  • Attic Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Bathtub with Shower

Home Security

  • Security System Owned
  • Intercom

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Balcony
  • Deck
  • Patio
  • Breezeway
  • Porch

Location

  • Property near a hospital

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Power Generator
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 119PURGATORYRDMDLT

Community Details

Recreation

  • Marina
  • Recreation Facilities

Additional Features

  • Land Trust Cottages/Easton Point Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,164

Year Built

Built in 1885

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Co List Office Mls Id: JMRE
  • Co List Office Phone: 401-423-2329
  • Subdivision Name: Land Trust Cottages/Easton Point
  • Above Grade Finished Sq Ft: 5279.0
  • Architectural Style: Cabin/Cottage, Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1885
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Other Equipment: Intercom
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Attic, Bathtub, Tub Shower, Cable TV
  • Living Area: 5279.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac, Sprinkler System
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Balcony, Breezeway, Deck, Porch, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: See Remarks
  • Patio And Porch Features: Balcony, Deck, Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Security: Security System Owned
  • Cooling: Attic Fan, Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13940.0
  • Parcel #: 119PURGATORYRDMDLT
  • Zoning: OS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 26164.0
  • Tax Lot: 54
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Mar 25, 2022
Sold by
Naspo Jacqueline
Bought by
23 William Street Llc
Seller's Agent
Deb Foppert
Jamestown Real Estate LLC
Buyer's Agent
Trish Gray
Century 21 Topsail Realty
List Price
$4,249,000
Sold Price
$3,800,000
Premium/Discount to List
-$449,000
-10.57%
Current Estimated Value
$4,140,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,942
Avg. Annual Appreciation
2.26%
Original Mortgage
$3,000,000
Outstanding Balance
$2,774,729
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,366,213

Purchase Details

Closed on
Jan 19, 2022
Sold by
Naspo George F
Bought by
Naspo Jacqueline

Purchase Details

Closed on
Jun 2, 2000
Sold by
Fernandez Mark C and Fernandez Laura B
Bought by
Naspo George F and Naspo Jacqueline

Purchase Details

Closed on
Dec 14, 1988
Sold by
Erickson Stephen
Bought by
Fernandez Mark
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
23 William Street Llc $3,800,000 None Available
Naspo Jacqueline -- None Available
Naspo George F $637,000 --
Fernandez Mark $420,000 --
Fernandez Mark $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 23 William Street Llc $3,000,000
Previous Owner Fernandez Mark $340,000
Previous Owner Fernandez Mark $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $3,800,000 -10.6% $720 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $4,249,000 -- $805 / Sq Ft
Source: State-Wide MLS

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 $42,181 $3,577,700 $2,490,800 $1,086,900
2024 $40,285 $3,577,700 $2,490,800 $1,086,900
2023 $24,931 $1,980,200 $1,332,800 $647,400
2022 $23,802 $1,980,200 $1,332,800 $647,400
2021 $23,802 $1,980,200 $1,332,800 $647,400
2020 $23,192 $1,685,500 $1,114,400 $571,100
2018 $23,176 $1,685,500 $1,114,400 $571,100
2016 $19,001 $1,232,200 $805,100 $427,100
2015 $18,532 $1,232,200 $805,100 $427,100
2014 $19,172 $1,193,000 $770,300 $422,700
2013 $18,621 $1,185,300 $770,300 $415,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1298672

State-Wide MLS

APN: MIDD-000116-N000000W-000054