Seller's Agent in 2021
Stephanie Basile
Compass
(401) 465-3975
2 in this area
231 Total Sales
27 Mill Rd Foster, RI 02825
Estimated Value: $715,000 - $1,159,000
3
Beds
2.5
Baths
2,285
Sq Ft
$424/Sq Ft
Est. Value
Highlights
- Guest House
- River Access
- Horses Allowed On Property
- Ponaganset Middle School Rated A-
- Barn
- In Ground Pool
About This Home
As of March 2021This truly one-of-a-kind property located in Foster Center and 25 minutes to downtown Providence is the perfect fit for a family compound with exciting possibilities. The property to be conveyed is a 52 acre parcel of land that could be developed for either residential or agricultural purposes (or both!), along with a main house, a guest house, a 2 story finished barn with in-floor radiant heat and gift shop, a commercial greenhouse, an animal paddock and more. In addition the property has 3 wells, including a new artesian well, a new commercial septic system, and a fully paid for solar panel system that provides over 100% of the power needs for the property. Numerous renovations from windows to siding, roofs & insulation, have improved every building on site. This property has been an engine for business growth since it was first built in 1811. Originally, the owner of the "mill" that Mill Road is named for lived here - the ruins of that mill are still on the property. The property is also the former home of the Droll Yankee Birdfeeder Company, the inventor of the tubular bird feeder. More recently a successful online e-commerce company was run out of the property. There's unlimited potential for future growth; it's a place where dreams become reality.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,477
Year Built
- Built in 1811
Lot Details
- 52.11 Acre Lot
- Waterfront
- Sprinkler System
- Wooded Lot
Parking
- 3 Car Detached Garage
Home Design
- Colonial Architecture
- Antique Architecture
- Combination Foundation
- Wood Siding
- Clapboard
- Plaster
Interior Spaces
- 2,285 Sq Ft Home
- 2-Story Property
- 5 Fireplaces
- Stone Fireplace
- Thermal Windows
- Storage Room
- Utility Room
- Water Views
- Permanent Attic Stairs
- Security System Owned
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- In Ground Pool
- River Access
- Walking Distance to Water
- Outbuilding
Utilities
- Ductless Heating Or Cooling System
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Power Generator
- Well
- Tankless Water Heater
- Septic Tank
Additional Features
- Solar Power System
- Guest House
- Barn
- Horses Allowed On Property
Listing and Financial Details
- Tax Lot 72
- Assessor Parcel Number 27MILLRDFOST
Community Details
Overview
- Foster Center Subdivision
Recreation
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2020
Closed on
Mar 15, 2021
Sold by
Restivo Jon M and Mott Aden J
Bought by
Furigay Paul J and Furigay Jennifer
Seller's Agent
Stephanie Basile
Compass
Buyer's Agent
Stephanie Basile
Compass
List Price
$1,100,000
Sold Price
$804,000
Premium/Discount to List
-$296,000
-26.91%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,763
Avg. Annual Appreciation
4.93%
Original Mortgage
$562,800
Outstanding Balance
$506,798
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$489,723
Purchase Details
Closed on
Sep 8, 2020
Sold by
Restivo Jon M
Bought by
Restivo Jon M and Mott Aden J
Purchase Details
Closed on
Dec 30, 2014
Sold by
Restivo Jon M and Restivo Aden J
Bought by
Restivo Jon M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Furigay Paul J | $804,000 | None Available | |
| Restivo Jon M | -- | None Available | |
| Restivo Jon M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Killham Dorothy P | $562,800 | |
| Previous Owner | Killham Dorothy P | $200,000 | |
| Previous Owner | Killham Dorothy P | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2021 03/12/21 | Sold | $804,000 | -26.9% | $352 / Sq Ft |
| 02/10/2021 02/10/21 | Pending | -- | -- | -- |
| 11/17/2020 11/17/20 | For Sale | $1,100,000 | +177.3% | $481 / Sq Ft |
| 07/17/2014 07/17/14 | Sold | $396,750 | -20.6% | $177 / Sq Ft |
| 06/17/2014 06/17/14 | Pending | -- | -- | -- |
| 01/27/2014 01/27/14 | For Sale | $499,900 | -- | $223 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $19,009 | $912,600 | $103,300 | $809,300 |
| 2023 | $12,380 | $546,100 | $103,300 | $442,800 |
| 2022 | $12,003 | $546,600 | $103,800 | $442,800 |
| 2021 | $11,664 | $546,600 | $103,800 | $442,800 |
| 2020 | $10,477 | $440,400 | $91,000 | $349,400 |
| 2018 | $8,940 | $391,400 | $91,000 | $300,400 |
| 2017 | $8,647 | $371,900 | $91,000 | $280,900 |
| 2015 | $9,133 | $426,400 | $145,500 | $280,900 |
| 2014 | $10,819 | $513,700 | $145,400 | $368,300 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Basile
-
D
Seller's Agent in 2014
Debbie Chennisi Team
RI Real Estate Services
-
Michele Cerreta
Buyer's Agent in 2014
Michele Cerreta
Coldwell Banker Realty
(401) 623-0396
2 in this area
55 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1270240
APN: FOST-000012-000000-000072
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