NOT LISTED FOR SALE

14 Mare Terrace Portsmouth, RI 02871

Melville Neighborhood

Estimated Value: $421,000 - $570,000

3 Beds
1 Bath
960 Sq Ft
$493/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $402,400 $419 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,880/month

91 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Bathtub with Shower
  • Portsmouth High School Rated A-
  • Cooling Available
  • Security System Owned

About This Home

As of November 2022

Charming ranch offers easy one level living. Located on a quiet dead end street, walk down to the cul de sac to take in the gorgeous water view and beautiful sunsets and spend the winter months cozied up in front of the wood burning fireplace. This home has been in the same family since it was built and has been lovingly maintained and cared for. Updates include 6 year old furnace and water tank, updated electrical, vinyl siding, replacement windows, gleaming hardwood floors, new tub/shower combo and toilet in the bathroom. Septic is up to date with the Town for inspections, next inspection report isn't due until 2024. Possible opportunities for expansion, add your finishing touches and updates to make this the perfect family home.

Last Agent to Sell the Property

Heather Cawley

RE/MAX Profnl. Newport, Inc. License #RES.0044151 Listed on: 07/22/2022

RE/MAX Profnl. Newport, Inc.

Last Buyer's Agent

The Hadfield Group

Hogan Associates Christie's

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,005

Year Built

  • Built in 1960

Lot Details

  • 10,454 Sq Ft Lot
  • Property is zoned R20

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room
  • Attic Fan
  • Security System Owned

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater
  • Septic Tank

Community Details

  • Shops
  • Public Transportation

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 14MARETERPORT

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,005

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Above Grade Finished Sq Ft: 960.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1960
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Attic, Tub Shower
  • Living Area: 960.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Security: Security System Owned
  • Cooling: Attic Fan
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.0
  • Parcel #: 14MARETERPORT
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4005.09
  • Tax Lot: 9
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Nov 4, 2022
Sold by
Camara Richard A Est
Bought by
Sohail Sherjeel
Seller's Agent
Heather Cawley
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$424,900
Sold Price
$402,400
Premium/Discount to List
-$22,500
-5.3%
Views
122
Current Estimated Value
$457,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,835
Avg. Annual Appreciation
5.95%
Original Mortgage
$362,160
Outstanding Balance
$352,278
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,979

Purchase Details

Listed on
Jul 22, 2022
Closed on
Nov 2, 2022
Sold by
Camara Michael L
Bought by
Sohail Sherjeel
Seller's Agent
Heather Cawley
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
The Hadfield Group
Hogan Associates Christie's
List Price
$424,900
Sold Price
$402,400
Premium/Discount to List
-$22,500
-5.3%
Views
122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,160
Outstanding Balance
$352,278
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,979
Source: Public Records

Range of Values:

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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
Sohail Sherjeel $134,133 None Available
Sohail Sherjeel $268,267 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sohail Sherjeel $362,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $402,400 -5.3% $419 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $424,900 -- $443 / 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 $4,529 $343,600 $185,000 $158,600
2023 $4,391 $343,600 $185,000 $158,600
2022 $3,982 $255,900 $135,500 $120,400
2021 $3,918 $255,900 $135,500 $120,400
2020 $3,856 $255,900 $135,500 $120,400
2019 $3,572 $217,800 $111,600 $106,200
2018 $3,478 $217,800 $111,600 $106,200
2017 $3,358 $217,800 $111,600 $106,200
2016 $3,277 $204,800 $115,400 $89,400
2015 $3,236 $204,800 $115,400 $89,400
2014 $3,236 $204,800 $115,400 $89,400
Source: Public Records

Agents Affiliated with this Home

  • Heather Cawley

    Seller's Agent in 2022

    Heather Cawley

    RE/MAX Profnl. Newport, Inc.

    (401) 662-1957

    1 in this area

    14 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    The Hadfield Group

    Hogan Associates Christie's

    (401) 207-0083

    18 in this area

    111 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1314232

State-Wide MLS

APN: PORT-000023-000000-000009

Rhode Island Newport County Portsmouth 02871 Melville

14 Mare Terrace, Portsmouth, RI

This home is located at 14 Mare Terrace, Portsmouth, RI 02871 since 22 July 2022 and is currently estimated at $473,394, approximately $493 per square foot. This property was built in 1960. 14 Mare Terrace is a home located in Newport County with nearby schools including Portsmouth High School, St. Philomena School of the Sacred Heart, and Our Lady of Mt. Carmel School.

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