NOT LISTED FOR SALE

Estimated Value: $1,607,000 - $3,824,966

9 Beds
6 Baths
4,637 Sq Ft
$602/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $2,565,000 $553 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $16,978/month

25 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Hamilton Elementary School Rated A
  • Guest House
  • 1.94 Acre Lot

About This Home

As of July 2022

A rare offering in Saunderstown Village. This property is as special as they come. If you are looking for some old world charm mixed with new and improved this property is for you. Sited on 1.94 acres with views of Narragansett Bay. The property spans from Willett Road to Waterway and features a main house, a guest cottage and a garage with a studio/loft above. Built in 1924, the original shingle style gambrel home has had improvements including a new roof, replacement windows and a new furnace. This main house has 5 bedrooms and 3 full bathrooms. Featuring hardwood floors, exposed beams, two staircases and original butlers pantry. The guest cottage had a full restoration in 2012. It consists of 3 bedrooms, 2 full bathrooms, cathedral ceilings and is all on one level. The great room's focal point is the original stone fireplace. Hardwood floors are throughout the entire cottage. The two bay garage/carport which has a loft above and a full bathroom is waiting for its next chapter. This property has a 9 bedroom septic system that is 6 years old and is a 3 family of record. Saunderstown Village is centrally located with easy access to Boston and New York. Enjoy a short stroll to Narragansett Bay & private Yacht Club where members can use the beach, go boating, sail and play tennis. Walk to Willett Library, St. Johns Church, Post Office & Casey Farm. A very special family compound for year round or summer living.

Last Agent to Sell the Property

Dana Zangari

Residential Properties Ltd. License #RES.0031181 Listed on: 04/08/2022

Last Buyer's Agent

Kelly Schneider

Mott & Chace Sotheby's Intl. License #RES.0040381

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,788

Year Built

  • Built in 1924

Lot Details

  • 1.94 Acre Lot
  • Private Lot
  • Secluded Lot

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 4,637 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • 3 Fireplaces
  • Stone Fireplace
  • Thermal Windows
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views
  • Security System Owned
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Tankless Water Heater
  • Septic Tank

Additional Features

  • Accessible Approach with Ramp
  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 86
  • Assessor Parcel Number 126134WILLETTRDNKNG

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Saunderstown Village Subdivision

Amenities

  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,788

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 1.94
  • Subdivision Name: Saunderstown Village
  • Above Grade Finished Sq Ft: 4637.0
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1924
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 3
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Accessibility Features: Accessible Approach with Ramp
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplace Features: Stone
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Marble, Vinyl
  • Interior Amenities: Attic, Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Lot Features: Private, Secluded
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Wood Siding, Shingle Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Other Structures: Guest House
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Carport, Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Hydro Air, Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 84506.0
  • Parcel #: 126134WILLETTRDNKNG
  • Zoning: NR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 20788.0
  • Tax Lot: 86
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jul 7, 2022
Sold by
126 Willett Co
Bought by
Li Yan and Shen Yang
Seller's Agent
Dana Zangari
Residential Properties Ltd.
Buyer's Agent
Kelly Schneider
Mott & Chace Sotheby's Intl.
List Price
$2,575,000
Sold Price
$2,565,000
Premium/Discount to List
-$10,000
-0.39%
Current Estimated Value
$2,790,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,242
Avg. Annual Appreciation
2.53%
Original Mortgage
$1,000,000
Outstanding Balance
$926,555
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,863,687

Purchase Details

Closed on
Jan 12, 2016
Sold by
Knauss William A and Knauss Karl M
Bought by
126 Willett Llc
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
Li Yan $2,565,000 None Available
Li Yan $2,565,000 None Available
126 Willett Llc -- --
126 Willett Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Yan $1,000,000
Closed Li Yan $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $2,565,000 -0.4% $553 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $2,575,000 -- $555 / 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 $27,437 $2,485,200 $1,755,600 $729,600
2024 $26,463 $1,845,400 $1,278,400 $567,000
2023 $26,302 $1,834,200 $1,278,400 $555,800
2022 $25,789 $1,834,200 $1,278,400 $555,800
2021 $20,788 $1,187,900 $727,100 $460,800
2020 $20,301 $1,187,900 $727,100 $460,800
2019 $20,301 $1,187,900 $727,100 $460,800
2018 $20,342 $1,072,300 $695,200 $377,100
2017 $19,934 $1,072,300 $695,200 $377,100
2016 $19,366 $1,072,300 $695,200 $377,100
2015 $19,613 $1,016,200 $695,200 $321,000
2014 $19,216 $1,016,200 $695,200 $321,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1307127

State-Wide MLS

APN: NKIN-000001-000086