NOT LISTED FOR SALE

50 Indian Rd Little Compton, RI 02837

Estimated Value: $1,161,000 - $1,323,000

3 Beds
2.5 Baths
1,641 Sq Ft
$760/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $695,000 $424 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,877/month

47 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Wilbur & McMahon School Rated A-
  • Beach Access
  • Cape Cod Architecture

About This Home

As of August 2020

Amazing opportunity to purchase this turnkey, ready to occupy and rent home in Indian Rock Acres Little Compton, RI. That's right, beds, linens, dishes, appliances, etc... drop your bags and move right in! The home is situated on an elevated lot with sweeping ocean views from nearly every room. Open concept layout with cathedral ceilings, easy access to 800 square feet of ocean facing decks. Located less than a mile from South Shore/Goosewing Beach in private neighborhood association. The home has been tastefully renovated, includes an outdoor shower, 3 bedrooms, 2.5 baths, 2 car garage. Buyer to pay LCAT

Last Agent to Sell the Property

Welchman Real Estate Group

Compass Listed on: 06/11/2020

Co-Listed By

Renee Welchman

Compass License #REB.0018840

Last Buyer's Agent

David Carty

CARTY REALTY License #REB.0016121

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1983

Lot Details

  • 0.37 Acre Lot
  • Paved or Partially Paved Lot
  • Property is zoned SFM MDL1

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,641 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Wood Burning Stove
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Ceramic Tile Flooring
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Balcony
  • Deck
  • Breezeway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Power Generator
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 191
  • Assessor Parcel Number 50INDIANRDLCOM

Community Details

Overview

  • Indian Rock Acres/South Shore Beach Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,511

Year Built

Built in 1983

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3673
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Subdivision Name: Indian Rock Acres/South Shore Beach
  • Above Grade Finished Sq Ft: 1641.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1983
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Other
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV, Wood Burning Stove
  • Living Area: 1641.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Balcony, Breezeway, Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 150.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16000.0
  • Parcel #: 50INDIANRDLCOM
  • Zoning: SFM MDL1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3511.0
  • Tax Lot: 191
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Aug 24, 2020
Sold by
Robert P Ritchie Ret and Ritchie
Bought by
Demond Dwayne K and Demond Korrey L
Seller's Agent
Welchman Real Estate Group
Compass
Buyer's Agent
David Carty
CARTY REALTY
List Price
$699,900
Sold Price
$695,000
Premium/Discount to List
-$4,900
-0.7%
Current Estimated Value
$1,247,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$552,156
Avg. Annual Appreciation
11.39%
Original Mortgage
$556,000
Outstanding Balance
$491,167
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$755,989

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 22, 2016
Sold by
Daniel Daniel J and Daniel A T
Bought by
Robert P Ritchie Ret
Seller's Agent
Welchman Real Estate Group
Compass
Buyer's Agent
Welchman Real Estate Group
Compass
List Price
$569,000
Sold Price
$490,000
Premium/Discount to List
-$79,000
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$416,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records
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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
Demond Dwayne K $695,000 None Available
Demond Dwayne K $695,000 None Available
Robert P Ritchie Ret $490,000 --
Robert P Ritchie Ret $490,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demond Dwayne K $556,000
Closed Demond Dwayne K $556,000
Previous Owner Robert P Ritchie Ret $416,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2020 08/28/20 Sold $695,000 -0.7% $424 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $699,900 +42.8% $427 / Sq Ft
07/22/2016 07/22/16 Sold $490,000 -13.9% $341 / Sq Ft View Prior Sale
06/22/2016 06/22/16 Pending -- -- --
04/13/2015 04/13/15 For Sale $569,000 -- $396 / 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 $4,649 $970,600 $529,600 $441,000
2024 $3,748 $737,700 $409,200 $328,500
2023 $3,659 $737,700 $409,200 $328,500
2022 $3,266 $666,500 $409,200 $257,300
2021 $3,637 $602,100 $356,000 $246,100
2020 $3,607 $602,100 $356,000 $246,100
2019 $3,511 $592,100 $356,000 $236,100
2018 $3,243 $544,200 $322,600 $221,600
2016 $3,097 $546,200 $322,600 $223,600
2015 $3,203 $557,000 $303,400 $253,600
2014 $3,141 $557,000 $303,400 $253,600
Source: Public Records

Agents Affiliated with this Home

  • Renee Welchman

    Seller Co-Listing Agent in 2020

    Renee Welchman

    Compass

    (401) 649-1915

    35 in this area

    82 Total Sales

    Renee Welchman
    Section Image
  • David Carty

    Buyer's Agent in 2020

    David Carty

    CARTY REALTY

    (401) 662-9600

    1 in this area

    86 Total Sales

    David Carty
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1255923

State-Wide MLS

APN: LCOM-000033-000000-000191

Rhode Island Newport County Little Compton 02837

50 Indian Rd, Little Compton, RI

Not Listed for Sale

Detached

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