NOT LISTED FOR SALE

1261 N Main Rd Jamestown, RI 02835

West Reach Estates Neighborhood

Estimated Value: $1,839,000 - $3,070,000

17.07 Acres
$148,980 Price per Acre
743,713 Sq Ft Lot

Last Sold October 26, 2023

Last sale price $2,600,000

Est. 2% decrease in value since last sale

Current estimated payment $14,677/month

255 Days on Market

Highlights

  • Beach Front
  • Horses Allowed On Property
  • Wetlands on Lot
  • Melrose Avenue School Rated A-
  • 17.07 Acre Lot
  • Wooded Lot

About This Lot

As of October 2023

**SEALED BID OPPORTUNITY** - *Bids due by 5pm Monday September 25th, 2023 at the Offices of Lila Delman Compass 19 Narragansett Avenue Jamestown, RI 02835 Jamestown. To be sold individually or as a package with 45 Wickford Avenue Jamestown, RI. (MLS#1316067)* Jamestown waterfront - West Facing - This large 17+ acre tract of land is located on the northwest end of the island, overlooking the West Passage of Narragansett Bay, the Jamestown Bridge, and across towards Rome Point and Fox Island. Enjoy wonderful sunsets, cool southwesterly breezes, and peace and serenity. There is a 1937 stone bungalow cottage on the property currently. Enjoy 350 ft of rocky beachfront, with potential for dock and moorings. Access to property is via Wickford Avenue a gravel road. Subdivision has been approved, preliminary studies have been completed for possible dock, build you dream home with plenty of room for guests, horses, etc.

Last Agent to Sell the Property

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 02/01/2023

Last Buyer's Agent

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 02/01/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,760

Lot Details

  • 17.07 Acre Lot
  • Beach Front
  • Level Lot
  • Wooded Lot
  • Finished Lot(s)
  • Property is zoned RR80

Home Design

  • Masonry

Utilities

  • Private Water Source
  • Well
  • Cable TV Available

Additional Features

  • Water Views
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 234
  • Assessor Parcel Number 1261NORTHMAINRDJAME

Community Details

Overview

  • North End West Passage Subdivision

Recreation

  • Walking Distance to Water
  • Wetlands on Lot
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$13,760

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 17.0733
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Subdivision Name: North End - West Passage
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Waterfront, Level, Wooded, Wetlands
  • Topography: Cleared,Level
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Masonry
  • Other Structures: Outbuilding

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Horse Amenities: Horses Allowed
  • Land Lease: No
  • Lot Size Sq Ft: 743714.0
  • Wooded Area: 70.0
  • Parcel #: 1261NORTHMAINRDJAME
  • Zoning Description: Residential
  • Zoning: RR80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13759.9
  • Tax Lot: 234
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2024
Sold by
1261 N Main Rd Llc
Bought by
1261 N Main Rd Llc
Current Estimated Value
$2,543,578

Purchase Details

Listed on
Feb 1, 2023
Closed on
Nov 8, 2023
Sold by
Palo Alto Llc
Bought by
1261 North Main Rd Llc
Seller's Agent
Bob Bailey
Lila Delman Compass
Buyer's Agent
Bob Bailey
Lila Delman Compass
List Price
$4,695,000
Sold Price
$2,600,000
Premium/Discount to List
-$2,095,000
-44.62%
Views
403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%

Purchase Details

Closed on
Jun 27, 2022
Sold by
Palo Alto Llc
Bought by
Palo Alto 2 Llc

Purchase Details

Listed on
Mar 4, 2019
Closed on
Nov 5, 2020
Sold by
Laura C Albert Irt and Chase
Bought by
Palo Alto Llc
Seller's Agent
Bridgette Soby
Mott & Chace Sotheby's Intl.
Buyer's Agent
Bob Bailey
Lila Delman Compass
List Price
$3,950,000
Sold Price
$2,575,000
Premium/Discount to List
-$1,375,000
-34.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.17%
Original Mortgage
$1,700,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1261 N Main Rd Llc -- None Available
1261 N Main Rd Llc -- None Available
1261 N Main Rd Llc -- None Available
1261 N Main Rd Llc -- None Available
1261 N Main Rd Llc -- None Available
1261 North Main Rd Llc -- None Available
1261 North Main Rd Llc -- None Available
1261 North Main Rd Llc -- None Available
1261 North Main Rd Llc $2,600,000 None Available
1261 North Main Rd Llc $2,600,000 None Available
1261 North Main Rd Llc $2,600,000 None Available
Palo Alto 2 Llc -- None Available
Palo Alto Llc -- None Available
Palo Alto Llc -- None Available
Palo Alto 2 Llc -- None Available
Palo Alto 2 Llc -- None Available
Palo Alto Llc $2,575,000 None Available
Palo Alto Llc $2,575,000 None Available
Palo Alto Llc $2,575,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palo Alto Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $2,600,000 -40.8% --
10/15/2023 10/15/23 Pending -- -- --
08/18/2023 08/18/23 Price Changed $4,395,000 -2.2% --
05/08/2023 05/08/23 Price Changed $4,495,000 -4.3% --
02/01/2023 02/01/23 For Sale $4,695,000 +82.3% --
11/06/2020 11/06/20 Sold $2,575,000 -34.8% --
10/07/2020 10/07/20 Pending -- -- --
03/04/2019 03/04/19 For Sale $3,950,000 -- --
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 $14,305 $2,536,400 $2,428,500 $107,900
2024 $14,092 $1,965,400 $1,893,800 $71,600
2023 $13,721 $1,965,700 $1,893,800 $71,900
2022 $13,350 $1,966,200 $1,894,300 $71,900
2021 $13,171 $1,590,700 $1,495,800 $94,900
2020 $11,180 $1,385,400 $1,290,500 $94,900
2019 $11,149 $1,385,000 $1,290,100 $94,900
2018 $11,084 $1,252,400 $1,175,200 $77,200
2017 $10,846 $1,252,400 $1,175,200 $77,200
2016 $10,746 $1,252,400 $1,175,200 $77,200
2015 $17,412 $1,983,200 $1,929,300 $53,900
2014 $17,353 $1,983,200 $1,929,300 $53,900
Source: Public Records

Agents Affiliated with this Home

  • Bob Bailey

    Seller's Agent in 2023

    Bob Bailey

    Lila Delman Compass

    (401) 413-6928

    18 in this area

    139 Total Sales

    Bob Bailey
    Section Image
  • Bridgette Soby

    Seller's Agent in 2020

    Bridgette Soby

    Mott & Chace Sotheby's Intl.

    (401) 662-7969

    1 in this area

    114 Total Sales

    Bridgette Soby
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1329150

State-Wide MLS

APN: JAME-000001-000000-000234

Rhode Island Newport County Jamestown 02835 West Reach Estates

1261 N Main Rd, Jamestown, RI

This home is located at 1261 N Main Rd, Jamestown, RI 02835 since 01 February 2023 and is currently estimated at $2,543,578. 1261 N Main Rd is a home located in Newport County with nearby schools including Melrose Avenue School and Lawn Avenue School.

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