NOT LISTED FOR SALE

5 Burgate St Chepachet, RI 02814

Estimated Value: $286,000 - $393,000

1 Bed
1 Bath
720 Sq Ft
$442/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $210,000 $292 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,944/month

77 Days on Market

Highlights

  • Water Views
  • Golf Course Community
  • Corner Lot
  • Fogarty Memorial School Rated A-
  • Water Access
  • Cottage

About This Home

As of January 2021

On a corner lot with beautiful views of sought after Waterman Lake. Association and beach rights. Great 1 bedroom plus small office and bonus large sunroom off bedroom for extra space (master suite?). Generous fenced yard. Quiet neighborhood. Large shed on property. Central air, septic system, 200 amp electric, brand new well pump, new hot water heater and dryer, newer gas stove, 12 year roof. Huge cement basement with lots of storage space as well as attic storage. Perfect for second home, starter or retirement. Enjoy the lake views from your front door. Very peaceful setting. No flood insurance required. Subject to Probate approval. As/is sale.

Last Agent to Sell the Property

Karen Osman

Transitions Realty License #REB.0016722 Listed on: 09/28/2020

Last Buyer's Agent

DeMascole Rossi & Mann Team

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,828

Year Built

  • Built in 1940

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Property is zoned 0010

HOA Fees

  • $6 Monthly HOA Fees

Home Design

  • Cottage
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Water Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 371
  • Assessor Parcel Number 5BURGATESTGLOC

Community Details

Overview

  • Waterman Lake Subdivision

Amenities

  • Shops

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,828

Year Built

Built in 1940

Lot Details

0

HOA Fees

$6 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Subdivision Name: Waterman Lake
  • Above Grade Finished Sq Ft: 720.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1940
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 720.0
  • Dining Room Type: Laundry
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • View: Water
  • View: Yes
  • Waterfront Features: Water Access
  • Construction Type: Drywall, Plaster, Wood Siding, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Shopping
  • Senior Community: No
  • Association Fee: 75.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 5BURGATESTGLOC
  • Zoning: 0010
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2828.0
  • Tax Lot: 371
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Jan 14, 2021
Sold by
Lemieux Richard E Est and Lemieux
Bought by
Nugent John and Gregson-Nugent Patricia
Seller's Agent
Karen Osman
Transitions Realty
Buyer's Agent
DeMascole Rossi & Mann Team
Residential Properties Ltd.
List Price
$210,000
Sold Price
$210,000
Current Estimated Value
$318,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,430
Avg. Annual Appreciation
8.96%

Purchase Details

Closed on
Feb 13, 2003
Sold by
Reuter John A and Reuter Lisa
Bought by
Lemieux Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,914
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1999
Sold by
Kane David W
Bought by
Reuter John A and Reuter Lisa
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
Nugent John $210,000 None Available
Lemieux Richard $135,000 --
Reuter John A $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reuter John A $87,500
Previous Owner Reuter John A $152,035
Previous Owner Reuter John A $132,914
Previous Owner Reuter John A $94,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2021 01/14/21 Sold $210,000 0.0% $292 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $210,000 -- $292 / 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 $3,211 $225,200 $117,900 $107,300
2024 $2,948 $212,700 $117,900 $94,800
2023 $2,965 $208,100 $117,900 $90,200
2022 $2,862 $155,200 $73,000 $82,200
2021 $2,862 $155,200 $73,000 $82,200
2020 $2,828 $155,200 $73,000 $82,200
2018 $1,976 $98,800 $35,900 $62,900
2017 $1,949 $98,800 $35,900 $62,900
2016 $1,814 $80,800 $31,000 $49,800
2015 $1,787 $80,800 $31,000 $49,800
2014 $1,759 $80,800 $31,000 $49,800
2013 $2,007 $94,500 $42,000 $52,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1265845

State-Wide MLS

APN: GLOC-000000-000000-000000WL-000371