NOT LISTED FOR SALE

Estimated Value: $436,517 - $583,000

2 Beds
1 Bath
880 Sq Ft
$581/Sq Ft Est. Value

Last Sold September 26, 2024

Last sale price $562,000 $639 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,677/month

35 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Wood Flooring
  • Marina
  • Water Access
  • Attic

About This Home

As of September 2024

Spectacular waterfront home located in Gaspee Point. This lovely cottage has amazing views of Narragansett Bay. Enjoy sunrises and sunsets on your cozy porch within a private community. This updated home boasts two bedrooms with a full bath, spacious kitchen and living room with beautiful year round saltwater views. The outdoor space is perfect for entertaining or just relaxing while enjoying the passing boats and wildlife. Enjoy long walks on the private beach. Pride in ownership is evident within this cottage. No flood insurance required. The property is located on leased land, pets are welcome and subject to buyers approval by the association. Buyer is responsible for sewer assessment of $91 per month. Welcome Home!

Last Agent to Sell the Property

Kristina Dwyer

HomeSmart Professionals Brokerage Phone: 401-921-5011 Listed on: 07/05/2024

HomeSmart Professionals

Co-Listed By

Lauren Dwyer

HomeSmart Professionals Brokerage Phone: 401-921-5011 License #RES.0033558

Last Buyer's Agent

Cynthia Cooke

HomeSmart Professionals License #RES.0030639

HomeSmart Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,327

Year Built

  • Built in 1935

Lot Details

  • Beach Front
  • Security Fence
  • Sprinkler System
  • Land Lease

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Water Views
  • Unfinished Basement
  • Crawl Space
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 9243 / 0058
  • Assessor Parcel Number 243NAMQUIDDRWARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,327

Year Built

Built in 1935

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Co List Office Mls Id: SMRT
  • Co List Office Phone: 401-921-5011
  • Inclusions: Seller prefers closing end of September.
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 880.0
  • Architectural Style: Cabin
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 401-921-5011
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Stall Shower, Cable TV
  • Living Area: 880.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Security
  • Lot Features: Sprinkler System, Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Sprinkler/Irrigation
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Sewer Assessment(s)
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No
  • Association Fee: 450.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 243NAMQUIDDRWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3327.0
  • Tax Block: 0058
  • Tax Lot: 9243
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2012
Closed on
Jul 18, 2012
Sold by
Anderson Elaine E and Anderson Roy W
Bought by
Green Steven M and Marquis Michelle R
Seller's Agent
WARREN WRIGHT
RI Real Estate Services
Buyer's Agent
James McLaughlin
RE/MAX Professionals
List Price
$149,900
Sold Price
$139,900
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$510,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,979
Avg. Annual Appreciation
10.19%
Original Mortgage
$111,920
Outstanding Balance
$77,090
Interest Rate
3.7%
Estimated Equity
$433,789
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
Green Steven M $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Steven M $111,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2024 09/26/24 Sold $562,000 -6.2% $639 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $599,000 +328.2% $681 / Sq Ft
07/18/2012 07/18/12 Sold $139,900 -6.7% $167 / Sq Ft View Prior Sale
06/18/2012 06/18/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $149,900 -- $178 / 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
2025 $6,439 $507,000 $0 $507,000
2024 $3,327 $229,900 $0 $229,900
2023 $3,262 $229,900 $0 $229,900
2022 $3,991 $213,100 $0 $213,100
2021 $3,991 $213,100 $0 $213,100
2020 $3,991 $213,100 $0 $213,100
2019 $3,905 $208,500 $0 $208,500
2018 $3,303 $158,800 $0 $158,800
2017 $3,214 $158,800 $0 $158,800
2016 $3,214 $158,800 $0 $158,800
2015 $2,424 $116,800 $0 $116,800
2014 $2,343 $116,800 $0 $116,800
2013 $2,311 $116,800 $0 $116,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1363045

State-Wide MLS

APN: WARW-000305-000058-009243