NOT LISTED FOR SALE

Estimated Value: $3,456,000 - $4,268,000

7 Beds
5.5 Baths
3,875 Sq Ft
$991/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $3,750,000 $968 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $22,707/month

397 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • Deck

About This Home

As of November 2018

c.1886-87 The "Folly House" is a classic period detailed shorefront shingled cottage with modern day amenities. Located on the water's edge of the Jamestown Harbor, this home offers a wonderful wrap around porch on the waterside providing spectacular views of the Narragansett Bay, Newport Bridge, and all the wonderful sailing activities. As afternoon comes around enjoy the summer breezes off the water from the Southeast. The home offers a wonderful kitchen overlooking formal dining area out to the bay. Enjoy a cozy fire in the living room, or relax in the family room. An en suite bedroom on the first floor is ideal for those guest needing easy accessibility. The 2nd floor with east facing master bedroom, captures beautiful sunrises, as well as spectacular full moon rises over the lights of the bridge. Additional guest bedrooms and baths, are located on both the 2nd and 3rd floors. A detached 2 car garage, has additional guest studio space above with separate full bath. Located within a 1/2 miles of the village, restaurants and marinas this convenient location is ideal for a summer home or year round. Mooring hardware, tackle, and rights convey with the property. Recent major renovations were designed and supervised by the architectural firm of Estes/Twombley. Additional work has been done by current owners, and completed by Newport Housewrights. Jamestown, the Jewel of Narragansett Bay, is an island paradise with easy access to Newport, Providence, Boston or NYC.

Last Agent to Sell the Property

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 09/14/2017

Last Buyer's Agent

Judith Chace

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,087

Year Built

  • Built in 1885

Lot Details

  • 0.58 Acre Lot
  • Beach Front

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Antique Architecture
  • Cottage
  • Combination Foundation
  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,875 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Fireplace Features Masonry
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Home Security

  • Security System Owned
  • Storm Doors

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Oil
  • 220 Volts
  • 200+ Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 265
  • Assessor Parcel Number 30BayViewDRJAME

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • Bay View Drive / Jamestown Harbor Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,087

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5751
  • Subdivision Name: Bay View Drive / Jamestown Harbor
  • Above Grade Finished Sq Ft: 3875.0
  • Architectural Style: Cabin/Cottage, Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1885
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Wet Bar, Bathtub, Tub Shower, Cable TV
  • Living Area: 3875.0
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Combination, Concrete Perimeter, Stone
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hydro Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25050.0
  • Parcel #: 30BayViewDRJAME
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 17087.06
  • Tax Lot: 265
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2017
Closed on
Nov 14, 2018
Sold by
Bayview Propertis Llc
Bought by
Grubb David and Grubb Caroline E
Seller's Agent
Bob Bailey
Lila Delman Compass
Buyer's Agent
Judith Chace
Residential Properties Ltd.
List Price
$4,500,000
Sold Price
$3,750,000
Premium/Discount to List
-$750,000
-16.67%
Current Estimated Value
$3,838,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,879
Avg. Annual Appreciation
0.34%
Original Mortgage
$2,812,500
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2014
Sold by
Thayer Mark M
Bought by
Bayview Properties Llc

Purchase Details

Closed on
Sep 17, 2007
Sold by
Williams Anna
Bought by
Ctr Holdings Llc

Purchase Details

Closed on
Mar 1, 1996
Sold by
Buffinton Kate H
Bought by
Williams Anna
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grubb David $3,750,000 --
Bayview Properties Llc -- --
Ctr Holdings Llc $3,870,000 --
Williams Anna $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grubb Caroline E $2,786,000
Closed Grubb David $2,812,500
Previous Owner Williams Anna $1,800,000
Previous Owner Williams Anna $1,080,000
Previous Owner Williams Anna $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2018 11/16/18 Sold $3,750,000 -16.7% $968 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
09/14/2017 09/14/17 For Sale $4,500,000 -- $1,161 / 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 $21,956 $3,892,900 $2,850,200 $1,042,700
2024 $25,340 $3,534,200 $2,159,200 $1,375,000
2023 $24,798 $3,552,700 $2,159,200 $1,393,500
2022 $24,123 $3,552,700 $2,159,200 $1,393,500
2021 $21,634 $2,612,800 $1,679,000 $933,800
2020 $21,062 $2,609,900 $1,679,000 $930,900
2019 $21,010 $2,609,900 $1,679,000 $930,900
2018 $16,988 $1,919,600 $1,387,200 $532,400
2017 $16,624 $1,919,600 $1,387,200 $532,400
2016 $16,470 $1,919,600 $1,387,200 $532,400
2015 $19,697 $2,243,400 $1,746,400 $497,000
2014 $19,630 $2,243,400 $1,746,400 $497,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1173362

State-Wide MLS

APN: JAME-000008-000000-000265