NOT LISTED FOR SALE

Estimated Value: $1,398,709

2.25 Acres
$621,648 Price per Acre
98,010 Sq Ft Lot

Last Sold October 22, 2020

Last sale price $900,000

Est. 55% increase in value since last sale

Current estimated payment $7,368/month

143 Days on Market

Highlights

  • Beach Front
  • Horses Allowed On Property
  • Private Lot
  • Hamilton Elementary School Rated A
  • 2.25 Acre Lot
  • Wooded Lot

About This Lot

As of October 2020

There are very few sandy beach-front lots remaining on the Rhode Island coast and this one is a gem. This 2.2-acre lot, with 500 feet of beach frontage, is surrounded by 18 acres of common land, golden pasture and soft whispering pines. If horses are your pleasure, the common land offers miles of trails or long rides along the sandy beach. The seller has taken care of most of the permitting for the lot. Only your own building plans are needed to make this lot, your home. With the already-approved septic design, no CRMC permits are needed. Flood insurance is not required, and underground utilities are already in place. The lot is located just minutes from Amtrak, the Boston Metro, Providence Airport and all the enjoyment that South County, RI has to offer. Do not enter compound without listing agent.

Last Agent to Sell the Property

Joel Langlois

Gustave White Sotheby's Realty License #RES.0024570 Listed on: 05/01/2020

Gustave White Sotheby's Realty

Last Buyer's Agent

Joel Langlois

Gustave White Sotheby's Realty License #RES.0024570 Listed on: 05/01/2020

Gustave White Sotheby's Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,926

Lot Details

  • 2.25 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Finished Lot(s)

Utilities

  • Underground Utilities
  • Well

Additional Features

  • Water Views
  • Horses Allowed On Property

Community Details

  • Public Transportation

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 145PLANTATIONLANENKNG

Property Details

Property Type

Land

Est. Annual Taxes

$8,926

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 2.25
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Private, Secluded, Waterfront, Level, Rolling Slope, Wooded
  • Topography: Cleared,Level,Rolling
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Waterfront
  • Waterfront: Yes
  • Disclosures: Septic Disclosure

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Current Use: Residential
  • Development Status: Finished Lot(s)
  • Horse Amenities: Horses Allowed
  • Land Lease: No
  • Lot Size Sq Ft: 98010.0
  • Wooded Area: 50.0
  • Parcel #: 145PLANTATIONLANENKNG
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8926.0
  • Tax Lot: 28
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 20, 2020
Sold by
Weber Ft and Gilbert-Weber
Bought by
Wessel Carlton E and Morgenthau Sarah E
Seller's Agent
Joel Langlois
Gustave White Sotheby's Realty
Buyer's Agent
Joel Langlois
Gustave White Sotheby's Realty
List Price
$939,000
Sold Price
$900,000
Premium/Discount to List
-$39,000
-4.15%
Current Estimated Value
$1,398,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$498,709
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
Apr 12, 2000
Sold by
Oneill M Robert M and Oneill Miriam G
Bought by
Weber Family Trust and Weber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wessel Carlton E $900,000 None Available
Weber Family Trust $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weber Family Trust $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2020 10/22/20 Sold $900,000 -4.2% --
09/22/2020 09/22/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $939,000 -- --
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 $36 $2,450 $2,450 $0
2024 $40 $2,450 $2,450 $0
2023 $40 $2,450 $2,450 $0
2022 $39 $2,450 $2,450 $0
2021 $43 $2,450 $2,450 $0
2020 $8,943 $523,300 $523,300 $0
2019 $8,943 $523,300 $523,300 $0
2018 $9,460 $498,700 $498,700 $0
2017 $9,271 $498,700 $498,700 $0
2016 $9,007 $498,700 $498,700 $0
2015 $9,625 $498,700 $498,700 $0
2014 $9,430 $498,700 $498,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1252672

State-Wide MLS

APN: NKIN-000043-000028