NOT LISTED FOR SALE

Estimated Value: $2,198,000 - $2,993,000

3 Beds
2.5 Baths
3,865 Sq Ft
$652/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $1,100,000 $285 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $13,979/month

42 Days on Market

Highlights

  • Marina
  • Water Views
  • Spa
  • Melrose Avenue School Rated A-
  • Water Access
  • 0.77 Acre Lot

About This Home

As of June 2018

This wonderfully appointed custom home features multiple porches, one with exterior fireplace, that overlook Narragansett Bay and beyond. Well manicured park like grounds with sprinkler system surround this architectural home. Interior features vaulted ceilings with balcony in living room, stone fireplace, first floor master with whirlpool bath. Custom made cherry kitchen cabinetry and finish work. Efficiently heated with radiant floors.

Last Agent to Sell the Property

John Somyk

Keller Williams Leading Edge License #REB.0014022 Listed on: 03/27/2018

Keller Williams Leading Edge

Last Buyer's Agent

John Somyk

Keller Williams Leading Edge License #REB.0014022 Listed on: 03/27/2018

Keller Williams Leading Edge

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,254

Year Built

  • Built in 2007

Lot Details

  • 0.77 Acre Lot
  • Corner Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 3,865 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Water Views
  • Permanent Attic Stairs
  • Security System Owned

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Outdoor Features

  • Spa
  • Water Access
  • Balcony
  • Outbuilding

Utilities

  • Central Air
  • Heating System Uses Propane
  • Hydro-Air Heating System
  • Radiant Heating System
  • 200+ Amp Service
  • Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • Marina

Listing and Financial Details

  • Tax Lot 168
  • Assessor Parcel Number 412SEASIDEDRJAME

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,254

Year Built

Built in 2007

Lot Details

0.77 Acres

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.7686
  • Above Grade Finished Sq Ft: 3865.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Wet Bar, Cathedral Ceiling(s), Permanent Attic Stairs, Tub Shower
  • Living Area: 3865.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access
  • Construction Type: Plaster, Masonry, Shingle Siding, Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 11.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 33480.0
  • Parcel #: 412SEASIDEDRJAME
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9254.0
  • Tax Lot: 168
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2018
Closed on
Jun 8, 2018
Sold by
Petit Brian L and Petit Darien S
Bought by
Drumm James J and Drumm Carolyn J
Seller's Agent
John Somyk
Keller Williams Leading Edge
Buyer's Agent
John Somyk
Keller Williams Leading Edge
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%
Current Estimated Value
$2,519,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,419,493
Avg. Annual Appreciation
11.24%
Original Mortgage
$780,000
Outstanding Balance
$674,569
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,844,924

Purchase Details

Closed on
Nov 9, 2017
Sold by
Louise F Peiti Lt
Bought by
Petit Louise F and Petit Theodore H

Purchase Details

Closed on
Mar 1, 2006
Sold by
Petit Theodore and Petit Louise
Bought by
Petit Brian L and Petit Darien
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Drumm James J $1,100,000 --
Petit Louise F -- --
Petit Brian L $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drumm James J $780,000
Previous Owner Petit Brian L $309,000
Previous Owner Petit Brian L $334,000
Previous Owner Petit Brian L $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $1,100,000 -15.1% $285 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $1,295,000 -- $335 / Sq Ft
Source: State-Wide MLS

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 $10,445 $1,851,900 $412,900 $1,439,000
2024 $10,801 $1,506,400 $312,800 $1,193,600
2023 $10,722 $1,536,100 $312,800 $1,223,300
2022 $10,430 $1,536,100 $312,800 $1,223,300
2021 $9,626 $1,162,600 $310,600 $852,000
2020 $9,382 $1,162,600 $310,600 $852,000
2019 $9,359 $1,162,600 $310,600 $852,000
2018 $9,500 $1,073,400 $282,300 $791,100
2017 $9,253 $1,068,500 $282,300 $786,200
2016 $9,168 $1,068,500 $282,300 $786,200
2015 $9,146 $1,041,700 $330,000 $711,700
2014 $9,115 $1,041,700 $330,000 $711,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1186033

State-Wide MLS

APN: JAME-000003-000000-000168

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