NOT LISTED FOR SALE

281 Succotash Rd Wakefield, RI 02879

Estimated Value: $1,230,000 - $1,615,123

3 Beds
3 Baths
2,246 Sq Ft
$630/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $775,000 $345 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,509/month

231 Days on Market

Highlights

  • Marina
  • 4.12 Acre Lot
  • Tennis Courts
  • Water Views
  • Deck
  • 2 Car Attached Garage

About This Home

As of May 2019

A very special 4+ acre water view property that sits high on a hill, overlooking Potter Pond and out to Block Island! This totally private retreat is on one of the highest elevations south of Route 1, at 55 feet above sea level. There are deeded rights to the Potter Pond waterfront. An opportunity to renovate and transform the existing 2246 square foot home with an in-law unit, into your dream home. Walk or bike to the Matunuck Oyster Bar, Brousseau Park, or East Matunuck State Beach. A rare and amazing location!

Last Agent to Sell the Property

Julie Quigley-smith

Mott & Chace Sotheby's Intl. License #REB.0016908 Listed on: 08/26/2018

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

John Krekorian

Flagship Real Estate Advisors License #RES.0024980

Flagship Real Estate Advisors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,470

Year Built

  • Built in 1959

Lot Details

  • 4.12 Acre Lot
  • Property is zoned R80

Parking

  • 2 Car Attached Garage

Home Design

  • Fixer Upper
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,246 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Water Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Oil
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 281SUCCOTASHRDSKNG

Community Details

Overview

  • East Matunuck Subdivision

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,470

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.12
  • Subdivision Name: East Matunuck
  • Above Grade Finished Sq Ft: 2246.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1959
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Living Area: 2246.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Recreation Area, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 179467.0
  • Parcel #: 281SUCCOTASHRDSKNG
  • Zoning: R80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8470.0
  • Tax Lot: 82
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2018
Closed on
May 15, 2019
Sold by
Everett Charlotte S Est
Bought by
Bellem Todd S and Bellem Susanne L
Seller's Agent
Julie Quigley-smith
Mott & Chace Sotheby's Intl.
Buyer's Agent
John Krekorian
Flagship Real Estate Advisors
List Price
$949,000
Sold Price
$775,000
Premium/Discount to List
-$174,000
-18.34%
Current Estimated Value
$1,415,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$640,531
Avg. Annual Appreciation
9.89%
Original Mortgage
$620,000
Outstanding Balance
$542,880
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$872,651
Source: Public Records

Range of Values:

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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
Bellem Todd S $775,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bellem Todd S $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2019 05/15/19 Sold $775,000 -18.3% $345 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
08/26/2018 08/26/18 For Sale $949,000 -- $423 / 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 $12,061 $1,349,100 $825,700 $523,400
2024 $11,659 $1,055,100 $640,600 $414,500
2023 $11,659 $1,055,100 $640,600 $414,500
2022 $11,553 $1,055,100 $640,600 $414,500
2021 $8,995 $622,500 $393,300 $229,200
2020 $8,995 $622,500 $393,300 $229,200
2019 $8,995 $622,500 $393,300 $229,200
2018 $8,801 $561,300 $363,400 $197,900
2017 $8,594 $561,300 $363,400 $197,900
2016 $8,470 $561,300 $363,400 $197,900
2015 $8,210 $529,000 $332,000 $197,000
2014 $8,189 $529,000 $332,000 $197,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1202150

State-Wide MLS

APN: SKIN-008103-000000-000082