NOT LISTED FOR SALE

231 Chopmist Hill Rd Chepachet, RI 02814

Estimated Value: $550,000 - $1,601,355

51 Acres
$24,270 Price per Acre
2,221,560 Sq Ft Lot

Last Sold October 18, 2018

Last sale price $800,000

Est. 55% increase in value since last sale

Current estimated payment $8,261/month

56 Days on Market

Highlights

  • Barn
  • Horses Allowed On Property
  • 51 Acre Lot
  • West Glocester Elementary School Rated A-
  • Waterfront
  • Private Lot

About This Lot

As of October 2018

Chepachet - Waterfront on the Smith & Sayles Reservoir - wonderful opportunity for a family compound in a unique setting off of Chopmist Hill Road. Offering extreme privacy and serenity this 51 +/- acre parcel has 1200 feet of waterfront. The newly installed gravel drive winds its way thru mature pines, oaks, and maples opening to a 3+acre cleared area with newly built barn with 1-bedroom residential unit. Barn is connected to a 3-bedroom septic system, and another 4-bedroom septic has RI DEM approval for future construction of the main residence. Underground utilities, 25 gpm minute private well, cleared path to the water's edge with steps into the water. Feels like living in the mountain lakes region of NH or Maine, yet a short commute to Providence or surrounding areas.

Last Agent to Sell the Property

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 07/23/2018

Co-Listed By

Christine Dupuis

Mott & Chace Sotheby's Intl. License #RES.0040459

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Christine Dupuis

Mott & Chace Sotheby's Intl. License #RES.0040459

Mott & Chace Sotheby's Intl.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,511

Lot Details

  • 51 Acre Lot
  • Waterfront
  • Private Lot
  • Secluded Lot
  • Wooded Lot
  • Finished Lot(s)

Utilities

  • Underground Utilities
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • Water Views
  • Barn
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 231CHOPMISTHILLRDGLOC

Community Details

Overview

  • Chepachet Subdivision

Recreation

  • Recreation Facilities
  • Water Access
  • Walking Distance to Water
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$7,511

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 51.0
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: LILA06
  • Co List Office Phone: 401-274-1644
  • Subdivision Name: Chepachet
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Development, Single Family, Residential

Exterior Features

  • Lot Features: Private, Secluded, Waterfront, Wooded, Wetlands
  • Topography: Cleared,Rough
  • View: Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Septic Disclosure
  • Construction Type: Other
  • Other Structures: Barn(s)

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Underground Utilities
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Recreation Area

Lot Info

  • Development Status: Finished Lot(s)
  • Horse Amenities: Horses Allowed
  • Lot Size Sq Ft: 2221560.0
  • Wooded Area: 95.0
  • Parcel #: 231CHOPMISTHILLRDGLOC
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7511.21
  • Tax Lot: 34
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Oct 18, 2018
Sold by
Snowhurst Farms Llc
Bought by
Ptaszek Richard and Ptaszek Jane
Seller's Agent
Bob Bailey
Lila Delman Compass
Buyer's Agent
Christine Dupuis
Mott & Chace Sotheby's Intl.
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Current Estimated Value
$1,237,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,785
Avg. Annual Appreciation
6.30%
Original Mortgage
$640,000
Outstanding Balance
$558,118
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$679,667
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
Ptaszek Richard $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ptaszek Richard $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $800,000 -5.8% --
09/18/2018 09/18/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $849,000 -- --
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 $21,240 $1,489,500 $345,700 $1,143,800
2024 $14,820 $1,489,500 $345,700 $1,143,800
2023 $14,820 $1,136,000 $345,700 $790,300
2022 $14,820 $660,700 $187,900 $472,800
2021 $9,666 $436,800 $187,900 $248,900
2020 $10,281 $470,300 $259,200 $211,100
2018 $9,166 $381,900 $255,200 $126,700
2017 $6,185 $261,300 $255,200 $6,100
2016 $3,245 $127,200 $127,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1198885

State-Wide MLS

APN: GLOC-000011-000000-000034