NOT LISTED FOR SALE

Estimated Value: $3,627,000 - $4,332,000

4 Beds
4.5 Baths
5,963 Sq Ft
$674/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $2,900,000 $486 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $24,506/month

71 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • In Ground Pool
  • Portsmouth High School Rated A-
  • Water Access
  • 1.55 Acre Lot

About This Home

As of January 2022

Grand waterfront French chateau with panoramic views of the Sakonnet Coastline. This graceful estate is sited on over 1.5 acres of elevated pastoral land and has been completely renovated inside and out for a lifestyle of modern elegance. Open floor plan with four bedrooms including a massive owners suite with walk-in closet, four full bathrooms and 1 half bath plus office and bonus room. Gourmet kitchen features granite countertops, stainless steel appliances, wine refrigerator, travertine flooring and Colorado stacked stone accents. 7 fireplaces, central A/C and custom details throughout. The attached 3 car garage and motor court is accessed though a graceful Porte-coch re, providing parking for a fleet of automobiles. With a new gunite infinity pool, jacuzzi, outdoor stone kitchen and lanai space this compound is the ultimate in year round entertaining. Private beach with water access, your own boat house and available mooring. A palatial waterfront oasis minutes from downtown Newport. Please take McCorrie Lane when putting in directions.

Last Agent to Sell the Property

Kylie Mccollough

Mott & Chace Sotheby's Intl. License #RES.0042670 Listed on: 09/25/2021

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Kylie Mccollough

Mott & Chace Sotheby's Intl. License #RES.0042670 Listed on: 09/25/2021

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,839

Year Built

  • Built in 2001

Lot Details

  • 1.55 Acre Lot
  • Beach Front
  • Property is zoned R40

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 5,963 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • 7 Fireplaces
  • Stone Fireplace
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Water Views
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Eco-Friendly Details

  • Energy-Efficient Appliances

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Mooring
  • Patio
  • Outbuilding
  • Breezeway

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Underground Utilities
  • 200+ Amp Service
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 378VANDERBILTLANEPORT

Community Details

Amenities

  • Shops

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,839

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 1.55
  • Above Grade Finished Sq Ft: 5963.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Appliances
  • Building Stories: 2
  • Year Built: 2001
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Stone, Tile
  • Fireplaces: 7
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Attic, Bathtub, Cathedral Ceiling(s), Permanent Attic Stairs, Tub Shower, Cable TV
  • Living Area: 5963.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Mooring, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Masonry, Wood Siding
  • Exterior Features: Breezeway, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Built In, Garage, Garage Door Opener
  • Total Parking Spaces: 9.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 67518.0
  • Parcel #: 378VANDERBILTLANEPORT
  • Zoning: R40
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 28839.0
  • Tax Lot: 54
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2021
Closed on
Dec 9, 2021
Sold by
Olinger John S
Bought by
52 Ferry Llc
Seller's Agent
Kylie Mccollough
Mott & Chace Sotheby's Intl.
Buyer's Agent
Kylie Mccollough
Mott & Chace Sotheby's Intl.
List Price
$2,950,000
Sold Price
$2,900,000
Premium/Discount to List
-$50,000
-1.69%
Current Estimated Value
$4,016,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,116,812
Avg. Annual Appreciation
5.69%

Purchase Details

Closed on
Oct 6, 2017
Sold by
Olinger John S and Olinger Jean H
Bought by
Olinger John S

Purchase Details

Closed on
Jan 6, 2014
Sold by
Olinger John S
Bought by
Olinger John S and Olinger William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.24%
Source: Public Records

Range of Values:

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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
52 Ferry Llc $2,900,000 None Available
Olinger John S -- --
Olinger John S -- --
Olinger John S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 52 Ferry Llc $300,000
Previous Owner Olinger John S $790,000
Previous Owner Olinger John S $300,000
Previous Owner Crimmins Scott E $900,000
Previous Owner Crimmins Scott E $1,250,000
Previous Owner Crimmins Scott E $963,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2022 01/05/22 Sold $2,900,000 -1.7% $486 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $2,950,000 -- $495 / 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 $33,465 $2,539,100 $1,011,200 $1,527,900
2023 $32,450 $2,539,100 $1,011,200 $1,527,900
2022 $29,777 $1,913,700 $593,400 $1,320,300
2021 $29,299 $1,913,700 $593,400 $1,320,300
2020 $28,839 $1,913,700 $593,400 $1,320,300
2019 $27,308 $1,665,100 $519,800 $1,145,300
2018 $26,592 $1,665,100 $519,800 $1,145,300
2017 $25,676 $1,665,100 $519,800 $1,145,300
2016 $26,187 $1,636,700 $550,400 $1,086,300
2015 $25,860 $1,636,700 $550,400 $1,086,300
2014 $25,860 $1,636,700 $550,400 $1,086,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1294514

State-Wide MLS

APN: PORT-000054-000000-000199