NOT LISTED FOR SALE

221 Tower Hill Rd Cumberland, RI 02864

North Cumberland Neighborhood

Estimated Value: $730,000 - $771,000

4 Beds
2.5 Baths
2,088 Sq Ft
$356/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2017

Last sale price $355,000 $170 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,531 / mo

33 Days on Market

Highlights

  • 5.32 Acre Lot
  • Colonial Architecture
  • Wood Flooring
  • Community School Rated A
  • Deck
  • Attic

About This Home

As of June 2017

Excellent opportunity to purchase a home in Cumberland Hill! This young colonial is set far back off the road in a woodsy setting yet has plenty of frontage and cleared land. Features include, over five acres of land, over 2,000 square feet of living area, hardwood floors throughout, large living room with stone fireplace, master bedroom with bathroom and jacuzzi tub, attic with stairs to some storage space, beautiful entry foyer, rear deck, farmers porch, large paved driveway with plenty of paved area for ample parking, large shed for outdoor storage, vinyl sided exterior, central AC, forced air, two car garage, and a desirable location! Enjoy beautiful sunsets and scenic wooded views right from the back deck. Enjoy the nearby parks and recreation only six minutes away. This beautiful home is priced significantly below assessed value! Cash or 203k - seller will not activate utilities for any reason. ***HIGHEST AND BEST OFFERS ARE DUE BY WEDNESDAY, 5/3 BY 5PM***

Last Agent to Sell the Property

Leann D'Ettore

Homistic Real Estate, Inc. License #REB.0018324 Listed on: 04/24/2017

Last Buyer's Agent

Leann D'Ettore

Homistic Real Estate, Inc. License #REB.0018324 Listed on: 04/24/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,393

Year Built

  • Built in 1998

Lot Details

  • 5.32 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Vinyl Siding

Interior Spaces

  • 2,088 Sq Ft Home
  • 2-Story Property
  • Stone Fireplace
  • Wood Flooring
  • Permanent Attic Stairs

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Well
  • Oil Water Heater

Community Details

  • Cumberland Hill Subdivision

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 221TowerHillRDCUMB

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,393

Year Built

Built in 1998

Lot Details

5.32 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.32
  • Subdivision Name: CUMBERLAND HILL
  • Above Grade Finished Sq Ft: 2088.0
  • Architectural Style: Contemporary, Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 5120
  • Stories: 2

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Attic, Bathtub, Permanent Attic Stairs, Tub Shower
  • Living Area: 2088.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Unknown
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 231739.0
  • Parcel #: 221TowerHillRDCUMB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6393.0
  • Tax Lot: 61
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 27, 2017
Sold by
Manufacturers & Tradrs T
Bought by
Olson Jodi
Seller's Agent
Leann D'Ettore
Homistic Real Estate, Inc.
Buyer's Agent
Leann D'Ettore
Homistic Real Estate, Inc.
List Price
$279,900
Sold Price
$355,000
Premium/Discount to List
$75,100
26.83%
Current Estimated Value
$744,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,118
Avg. Annual Appreciation
8.77%
Original Mortgage
$284,000
Outstanding Balance
$236,987
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$507,131

Purchase Details

Closed on
Aug 11, 2016
Sold by
Morgado Mario
Bought by
M & T Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Olson Jodi $355,000 --
M & T Bank Na $318,796 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & T Bank Na $284,000
Previous Owner M & T Bank Na $100,000
Previous Owner M & T Bank Na $432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2017 06/27/17 Sold $355,000 +26.8% $170 / Sq Ft
05/28/2017 05/28/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $279,900 -- $134 / Sq Ft
Source: State-Wide MLS

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 $6,707 $546,600 $197,600 $349,000
2024 $6,532 $546,600 $197,600 $349,000
2023 $6,351 $546,600 $197,600 $349,000
2022 $6,189 $412,900 $152,200 $260,700
2021 $6,086 $412,900 $152,200 $260,700
2020 $5,913 $412,900 $152,200 $260,700
2019 $5,944 $374,300 $139,600 $234,700
2018 $5,772 $374,300 $139,600 $234,700
2017 $5,693 $374,300 $139,600 $234,700
2016 $6,197 $362,800 $143,100 $219,700
2015 $6,197 $362,800 $143,100 $219,700
2014 $6,197 $362,800 $143,100 $219,700
2013 $6,047 $383,200 $147,300 $235,900
Source: Public Records

Agents Affiliated with this Home

  • Leann D'Ettore

    Seller's Agent in 2017

    Leann D'Ettore

    Homistic Real Estate, Inc.

    (888) 810-7355

    106 Total Sales

    Leann D'Ettore
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Map

Source: State-Wide MLS

MLS Number: 1157555

State-Wide MLS

APN: CUMB-000060-000061-000000

Rhode Island Providence County Cumberland 02864 North Cumberland

221 Tower Hill Rd, Cumberland, RI

Not Listed for Sale

Detached

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