NOT LISTED FOR SALE

3395 Tower Hill Rd Wakefield, RI 02879

Estimated Value: $601,000 - $768,000

3 Beds
1 Bath
3,072 Sq Ft
$223/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $540,000 $176 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,986/month

45 Days on Market

Highlights

  • 3.54 Acre Lot
  • Recreation Facilities
  • Bathtub with Shower
  • Wood Flooring
  • 2 Car Attached Garage
  • Storage Room

About This Home

As of April 2024

Expansive 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.

Last Agent to Sell the Property

Kevin Castner

RE/MAX Results License #RES.0035348 Listed on: 03/01/2024

RE/MAX Results

Co-Listed By

Madeline Andrews

RE/MAX Results License #RES.0042240

Last Buyer's Agent

Karen Norato

K.D. Ram Realty License #REB.0018166

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,512

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.54
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Indian Lake
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1986
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1536.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower
  • Living Area: 3072.0
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 12.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 150 Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 154202.0
  • Parcel #: 3395TOWERHILLRDSKNG
  • Zoning: r80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4512.0
  • Tax Lot: 7
  • Tax Year: 2022

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%
Views
400
Current Estimated Value
$685,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,024
Avg. Annual Appreciation
16.47%
Original Mortgage
$400,000
Outstanding Balance
$393,483
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$291,541

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
New Conventional

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 $60,000
Previous Owner Forgue Toni I $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $4,712 $527,100 $124,600 $402,500
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

  • K

    Seller's Agent in 2024

    Kevin Castner

    RE/MAX Results

    (401) 787-5194

    1 in this area

    19 Total Sales

    Kevin Castner
    Section Image
  • Madeline Andrews

    Seller Co-Listing Agent in 2024

    Madeline Andrews

    RE/MAX Results

    (401) 258-3225

    1 in this area

    11 Total Sales

    Madeline Andrews
    Section Image

  • K

    Buyer's Agent in 2024

    Karen Norato

    K.D. Ram Realty

    (401) 228-4355

    2 in this area

    9 Total Sales

    Karen Norato
    Section Image
  • Adam Cardinal

    Seller's Agent in 2020

    Adam Cardinal

    HomeSmart Professionals

    (866) 489-4674

    1 in this area

    179 Total Sales

    Adam Cardinal
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1353845

State-Wide MLS

APN: SKIN-002602-000000-000007

Rhode Island Washington County Wakefield 02879

3395 Tower Hill Rd, Wakefield, RI

Not Listed for Sale

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