NOT LISTED FOR SALE

Estimated Value: $847,000 - $894,000

3 Beds
2 Baths
2,396 Sq Ft
$360/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $530,000 $221 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,378/month

30 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Cape Cod Architecture
  • Water Views
  • 0.49 Acre Lot
  • Deck

About This Home

As of June 2020

Spectacular westerly water views overlooking Mt. Hope Bay from this charming quintessential Nantucket-style Cape. Fabulous elevated water views and stunning sunsets from most rooms. Enjoy the beautifully landscaped yard with water feature, raised planting beds and a charming garden shed/studio. The home has many updates including central air, Woodmode kitchen, stainless appliances, first-floor laundry/mudroom, beautiful baths, red cedar siding, and a newer architectural roof. The sun-filled family room enjoys access to a large Trek deck overlooking the water. A thoughtful and very functional addition over the oversized two-car garage makes a perfect family room, 3rd bedroom or private office. The basement is dry with ample storage space and a large soapstone utility sink. Easy highway access and close proximity to Providence, Newport, and the beaches. A seaside gem!

Last Agent to Sell the Property

Barbara Stamp

Residential Properties Ltd. License #RES.0023099 Listed on: 04/15/2020

Residential Properties Ltd.

Last Buyer's Agent

Lisa Goulet

RI Real Estate Services License #RES.0033092

RI Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,935

Year Built

  • Built in 1940

Lot Details

  • 0.49 Acre Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,396 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 243
  • Assessor Parcel Number 3OCEANVIEWAVTIVR

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,935

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.49
  • Above Grade Finished Sq Ft: 2396.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1940
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Living Area: 2396.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Balcony, Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21344.0
  • Parcel #: 3OCEANVIEWAVTIVR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6934.97
  • Tax Lot: 243
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 12, 2020
Sold by
Burns Elizabeth B
Bought by
Schumann Mary E and Schumann William W
Seller's Agent
Barbara Stamp
Residential Properties Ltd.
Buyer's Agent
Lisa Goulet
RI Real Estate Services
List Price
$519,500
Sold Price
$530,000
Premium/Discount to List
$10,500
2.02%
Current Estimated Value
$862,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,245
Avg. Annual Appreciation
9.85%
Original Mortgage
$150,000
Outstanding Balance
$133,841
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$728,404

Purchase Details

Closed on
Oct 30, 2015
Sold by
Burns Elizabeth D
Bought by
Leblanc Richard

Purchase Details

Closed on
Aug 1, 2011
Sold by
Lown Julia W and Lowen Carroll
Bought by
Burns Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2008
Sold by
Westgate David and Westgate Sarah
Bought by
Lown Julia and Lown Carroll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,400
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Schumann Mary E $530,000 None Available
Leblanc Richard -- --
Burns Elizabeth B $356,000 --
Lown Julia $363,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schumann Mary E $150,000
Previous Owner Westgate David $100,000
Previous Owner Westgate David $125,000
Previous Owner Westgate David $290,400
Previous Owner Westgate David $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2020 06/15/20 Sold $530,000 +2.0% $221 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $519,500 -- $217 / 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
2024 $8,159 $738,400 $232,400 $506,000
2023 $8,284 $556,000 $188,400 $367,600
2022 $8,134 $556,000 $188,400 $367,600
2021 $7,550 $529,100 $161,500 $367,600
2020 $7,111 $439,200 $134,800 $304,400
2019 $6,935 $439,200 $134,800 $304,400
2018 $7,198 $439,200 $134,800 $304,400
2017 $7,772 $408,000 $134,800 $273,200
2016 $7,809 $408,000 $134,800 $273,200
2015 $7,809 $408,000 $134,800 $273,200
2014 $7,427 $384,800 $143,800 $241,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1251644

State-Wide MLS

APN: TIVE-000117-000000-000243