NOT LISTED FOR SALE

Estimated Value: $1,659,000 - $3,490,000

0.37 Acre
$8,058,209 Price per Acre
16,000 Sq Ft Lot

Last Sold January 17, 2020

Last sale price $973,500

Est. 204% increase in value since last sale

Current estimated payment $17,437/month

32 Days on Market

Highlights

  • Marina
  • Water Views
  • Tennis Courts
  • Wilbur & McMahon School Rated A-
  • Water Access
  • Lot Has A Rolling Slope

About This Lot

As of January 2020

Paradise Found! This 16,000 square foot site is nestled on a private way. It has beautiful views and is within walking distance to sandy ocean beaches. All the approvals have been obtained from CRMC and DEM and are available for the construction of a 4 bedroom house, including a 4 bedroom septic system design approval. There is an on-site artesian well. Design your own beach cottage or take advantage of the available architectural plans drawn for this site. A unique opportunity to purchase a ready-to-go site in the heart of Sakonnet. BUYER pays LCACT tax at the recording of the deed.

Last Listed By

Deborah Ladd

Compass / Lila Delman Compass License #REB.0011353 Listed on: 11/15/2019

Compass / Lila Delman Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,349

Year Built

  • 2022

Lot Details

  • 0.37 Acre Lot
  • Lot Has A Rolling Slope
  • Finished Lot(s)

HOA Fees

  • $25 Monthly HOA Fees

Additional Features

  • Water Views
  • Well

Listing and Financial Details

  • Tax Lot 224-1
  • Assessor Parcel Number 132ROUNDPONDRDLCOM

Community Details

Overview

  • Tappan's Beach Subdivision

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities
  • Water Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$6,349

Year Built

2022

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.3673
  • Road Surface Type: Asphalt, Gravel
  • Subdivision Name: Tappan's Beach
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0
  • Year Built (Public Record): 2022

Interior Features

  • Possible Use: Single Family, Residential

Exterior Features

  • Lot Features: Rolling Slope
  • Topography: Rolling
  • View: Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Disclosures: Septic Disclosure

Utilities

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

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Recreation Area, Tennis Court(s)
  • Association Fee: 300.0
  • Association Fee Frequency: Annually

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 16000.0
  • Parcel #: 132ROUNDPONDRDLCOM
  • Zoning Description: Residential
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6348.66
  • Tax Lot: 224-1
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
Jan 13, 2020
Sold by
Romanzi Kenneth G and Major Nancy M
Bought by
Bradford-Elders David and Elders Karen
Seller's Agent
Deborah Ladd
Compass / Lila Delman Compass
Buyer's Agent
Deborah Ladd
Compass / Lila Delman Compass
List Price
$995,000
Sold Price
$973,500
Premium/Discount to List
-$21,500
-2.16%
Total Days on Market
32
Current Estimated Value
$2,959,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,986,280
Avg. Annual Appreciation
23.34%

Purchase Details

Closed on
Jul 23, 2019
Sold by
Romanzi Kenneth G and Romanzi Kevin G
Bought by
Romanzi Kenneth G and Major Nancy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Bradford-Elders David $973,500 None Available
Bradford $973,500 None Available
Romanzi Kenneth G -- --
Romanzi Kenneth G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elders David B $1,637,207
Previous Owner Romanzi Kenneth G $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $973,500 -2.2% --
12/18/2019 12/18/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $995,000 -- --
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
2024 $11,088 $2,182,600 $1,007,100 $1,175,500
2023 $10,809 $2,179,200 $1,007,100 $1,172,100
2022 $6,603 $1,347,600 $1,007,100 $340,500
2021 $4,847 $802,500 $750,900 $51,600
2020 $4,498 $750,900 $750,900 $0
2019 $4,453 $750,900 $750,900 $0
2018 $4,475 $750,900 $750,900 $0
2016 $3,785 $667,500 $667,500 $0
2015 $3,779 $657,300 $657,300 $0
2014 $743 $131,800 $131,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1241453

State-Wide MLS

APN: LCOM-000009-000000-000224-000001