3395 Tower Hill Rd Wakefield, RI 02879
South Kingstown NeighborhoodEstimated Value: $564,000 - $685,002
3
Beds
1
Bath
3,072
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- 3.54 Acre Lot
- Recreation Facilities
- Bathtub with Shower
- Wood Flooring
- 2 Car Attached Garage
- Storage Room
About This Home
As of April 2024Expansive ranch conveniently located on Rt. 1, with over 3.5 acres of seclusion and tranquility just off the back porch. Proudly boasting a warm wooded great room with cathedral ceilings, entertainer's kitchen, screened porch, and attached heated two-car garage. In addition to the 1,500 square foot main floor, there are 1,500 square feet of bonus space in the lower level - a savvy designer's blank canvas! This home makes a lovely primary residence or a smart investment, with a proven history of both long and short-term rentals. Property is bordered by Legend Rock Road to the South and West, Tower Hill Road to the East.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,512
Year Built
- Built in 1986
Lot Details
- 3.54 Acre Lot
- Property is zoned r80
Parking
- 2 Car Attached Garage
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Utility Room
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Well
- Electric Water Heater
- Septic Tank
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 3395TOWERHILLRDSKNG
Community Details
Overview
- Indian Lake Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2024
Closed on
Apr 26, 2024
Sold by
Gardner Alicia
Bought by
Corvese Kevin and Corvese Maria
Seller's Agent
Kevin Castner
RE/MAX Results
Buyer's Agent
Karen Norato
K.D. Ram Realty
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Total Days on Market
45
Views
400
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
$60,001
Avg. Annual Appreciation
3.96%
Original Mortgage
$400,000
Outstanding Balance
$396,096
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$166,602
Purchase Details
Listed on
Mar 16, 2020
Closed on
Jun 26, 2020
Sold by
Forgue Toni F
Bought by
Gardner Alicia
Seller's Agent
Adam Cardinal
HomeSmart Professionals
Buyer's Agent
Madeline Andrews
RE/MAX Results
List Price
$360,000
Sold Price
$342,000
Premium/Discount to List
-$18,000
-5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.63%
Original Mortgage
$335,805
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 21, 2020
Sold by
Forgue Toni F and Portillo Christine
Bought by
Forgue Toni F
Purchase Details
Closed on
Mar 7, 2013
Sold by
Forgue Toni I
Bought by
Forgue Toni I and Portillo Christine
Purchase Details
Closed on
Aug 14, 1986
Bought by
Forgue Toni I and Forgue Portillo
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Corvese Kevin | $540,000 | None Available | |
| Corvese Kevin | $540,000 | None Available | |
| Gardner Alicia | $342,000 | None Available | |
| Gardner Alicia | $342,000 | None Available | |
| Forgue Toni F | -- | None Available | |
| Forgue Toni I | -- | -- | |
| Forgue Toni I | -- | -- | |
| Forgue Toni I | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Corvese Kevin | $400,000 | |
| Closed | Corvese Kevin | $400,000 | |
| Previous Owner | Gardner Alicia | $335,805 | |
| Previous Owner | Forgue Toni I | $100,000 | |
| Previous Owner | Forgue Toni I | $60,000 | |
| Previous Owner | Forgue Toni I | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2024 04/29/24 | Sold | $540,000 | -9.8% | $176 / Sq Ft |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | For Sale | $599,000 | +75.1% | $195 / Sq Ft |
| 06/26/2020 06/26/20 | Sold | $342,000 | -5.0% | $111 / Sq Ft |
| 05/27/2020 05/27/20 | Pending | -- | -- | -- |
| 03/16/2020 03/16/20 | For Sale | $360,000 | -- | $117 / 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 | $4,545 | $411,300 | $105,900 | $305,400 |
| 2023 | $4,555 | $412,200 | $105,900 | $306,300 |
| 2022 | $4,514 | $412,200 | $105,900 | $306,300 |
| 2021 | $4,540 | $314,200 | $92,800 | $221,400 |
| 2020 | $4,540 | $314,200 | $92,800 | $221,400 |
| 2019 | $4,540 | $314,200 | $92,800 | $221,400 |
| 2018 | $4,180 | $266,600 | $77,500 | $189,100 |
| 2017 | $4,082 | $266,600 | $77,500 | $189,100 |
| 2016 | $4,023 | $266,600 | $77,500 | $189,100 |
| 2015 | $4,001 | $257,800 | $71,000 | $186,800 |
| 2014 | $3,991 | $257,800 | $71,000 | $186,800 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Castner
K
Seller's Agent in 2024
Kevin Castner
RE/MAX Results
(401) 787-5194
1 in this area
17 Total Sales
-
Madeline Andrews
Seller Co-Listing Agent in 2024
Madeline Andrews
RE/MAX Results
(401) 258-3225
2 in this area
17 Total Sales
-
Karen Norato
K
Buyer's Agent in 2024
Karen Norato
K.D. Ram Realty
(401) 228-4355
2 in this area
10 Total Sales
-
Adam Cardinal
Seller's Agent in 2020
Adam Cardinal
HomeSmart Professionals
(866) 489-4674
2 in this area
172 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1353845
APN: SKIN-002602-000000-000007
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