$2,750,000
SOLD MAY 1, 2020
3 Beds
1.5 Baths
2,160 Sq Ft
2.23 Acres

Recently Sold

$1,273 Per Sq Ft

5% Below List Price

37 Days on Market

Highlights

  • Beach Front
  • 2.23 Acre Lot
  • Wood Flooring
  • Melrose Avenue School Rated A-
  • Colonial Architecture
  • 4 Fireplaces

About This Home

As of May 2020

Located in an idyllic waterfront setting on the East Passage of Narragansett Bay, is an 18th century reproduction post and beam home designed and built by Arthur Marshall, architect from the Newport Restoration Foundation. Marshall completed this home shortly before starting the restoration of the Chinese Tea House on the Cliff Walk in Newport. This 2.2 acre waterfront estate boasts a 180’ dock with mooring and outhaul. Inside this 3-4 bedroom home, the wide plank floors have recently been redone and the interior freshly painted. The four fireplaces recreate an atmosphere from centuries before, but the updated NewPro windows throughout and triple pane gas filled windows on the porch keep the home warm in the winter and cool in the summer. From the sun porch, and many rooms throughout, you can see Gould Island, the Newport Bridge and Mt Hope Bridge. The activities happening on the Bay are never ending. A detached two car garage features an artist’s studio that can be left as is or turned into additional living space. The rolling grounds are well-kept and easy to maintain with perennial blooms coming to life in the spring and continuing throughout the summer. This is a one of a kind coastal retreat that promises to create memories that will last a lifetime.

Last Agent to Sell the Property

Justin Gallant

J.E. Group Properties License #REC.0018555 Listed on: 02/23/2020

Last Buyer's Agent

Cynthia Moretti

Lila Delman Compass License #REB.0016788

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,239

Year Built

  • Built in 1980

Lot Details

  • 2.23 Acre Lot
  • Beach Front

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Antique Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • 4 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Mooring
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • 200+ Amp Service
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank

Community Details

  • Waterfront/East Passage Subdivision

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 376ESHORERDJAME

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,239

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.23
  • Subdivision Name: Waterfront/East Passage
  • Above Grade Finished Sq Ft: 2160.0
  • Architectural Style: Colonial, Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1980
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Central Vacuum
  • Living Area: 2160.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Mooring, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 97139.0
  • Parcel #: 376ESHORERDJAME
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 20239.0
  • Tax Lot: 123
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2020
Closed on
Apr 28, 2020
Sold by
Anne Marie Lamy Pecora T
Bought by
Dnc Holdings Llc
Seller's Agent
Justin Gallant
J.E. Group Properties
Buyer's Agent
Cynthia Moretti
Lila Delman Compass
List Price
$2,890,000
Sold Price
$2,750,000
Premium/Discount to List
-$140,000
-4.84%
Current Estimated Value
$3,130,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,386
Avg. Annual Appreciation
2.51%
Original Mortgage
$2,200,000
Outstanding Balance
$1,980,768
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,149,618

Purchase Details

Closed on
Jan 8, 2020
Sold by
Jean Guy Schilling Ft
Bought by
Anne Marie Lamy Pecora T

Purchase Details

Closed on
Dec 12, 2013
Sold by
Schilling Jean Guy
Bought by
Jean Guy Schilling Ft and Schilling

Purchase Details

Closed on
Jun 18, 2013
Sold by
Schilling Jean Guy
Bought by
Jean G Schilling Ft and Schilling
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,750,000 None Available
Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,200,000 Purchase Money Mortgage
Previous Owner $40,000 No Value Available
Previous Owner $112,000 No Value Available
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $15,000 -50.0% $7 / Sq Ft
05/19/2025 05/19/25 Price Changed $30,000 +50.0% $14 / Sq Ft
02/18/2025 02/18/25 Rented $20,000 -50.0% --
02/18/2025 02/18/25 Rented $40,000 +100.0% --
02/10/2025 02/10/25 Under Contract -- -- --
11/11/2024 11/11/24 For Rent $20,000 +110.5% --
06/20/2024 06/20/24 For Rent $9,500 -52.5% --
06/20/2024 06/20/24 For Rent $20,000 -50.0% --
06/20/2024 06/20/24 For Rent $40,000 0.0% --
06/20/2024 06/20/24 For Rent $40,000 0.0% --
05/01/2020 05/01/20 Sold $2,750,000 -4.8% $1,273 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
02/23/2020 02/23/20 For Sale $2,890,000 -- $1,338 / 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 $21,860 $3,048,800 $2,699,400 $349,400
2023 $21,285 $3,049,400 $2,699,400 $350,000
2022 $20,705 $3,049,400 $2,699,400 $350,000
2021 $20,818 $2,514,200 $2,206,600 $307,600
2020 $20,290 $2,514,200 $2,206,600 $307,600
2019 $20,239 $2,514,200 $2,206,600 $307,600
2018 $18,297 $2,067,500 $1,832,500 $235,000
2017 $17,905 $2,067,500 $1,832,500 $235,000
2016 $17,739 $2,067,500 $1,832,500 $235,000
2015 $16,758 $1,908,600 $1,691,300 $217,300
2014 $16,700 $1,908,600 $1,691,300 $217,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1247986

State-Wide MLS

APN: JAME-000004-000000-000123