Seller's Agent in 2023
Teri Degnan
Teri Degnan RE & Consulting
(401) 474-9191
7 in this area
138 Total Sales
51 Prospect Farm Rd Portsmouth, RI 02871
Estimated Value: $1,336,000 - $1,498,000
4
Beds
2.5
Baths
3,018
Sq Ft
$469/Sq Ft
Est. Value
Highlights
- Water Views
- Colonial Architecture
- Wood Flooring
- Portsmouth High School Rated A-
- Deck
- Attic
About This Home
As of October 2023Perched on Prospect Farm Road with breathtaking waterviews of the Sakonnet River, this one owner home was built in 2000/2001 and has been lovingly well cared for and maintained for the last 22 years. This 4 bedroom, 2 1/2 bath colonial has recently been re-shingled in 2023 with cedar shingles and major systems have been replaced and upgraded in recent years including central A/C, , roof (less than 10 yrs old), whole house fan, high energy efficient heating and hot water. Enjoy an chef's kitchen with Corian counters and stainless steel high quality appliances including a SubZero refrigerator and Wolfe stove. Kitchen is open to a comfortable living space with solid red oak hardwoods throughout, a wood burning fireplace and a back deck with incredible views. The dining room and formal living room also lead to a lovely deck that wraps around 3 sides of the house. Upstairs has ample space with 4 bedrooms including an expansive master bedroom suite with a walk-in closet and an office. Even more space can be found in the oversized 2 car garage and the vast unfinished walkout basement. This home is well equipped for the occasional power outage as well, with a natural gas-fired, emergency electric generator that comes on line automatically. It's a must see!
Last Agent to Sell the Property
Teri Degnan RE & Consulting License #REC.0015615 Listed on: 09/06/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,192
Year Built
- Built in 2000
Lot Details
- 0.46 Acre Lot
- Sprinkler System
- Property is zoned R20
HOA Fees
- $8 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Colonial Architecture
- Shingle Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 3,018 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Thermal Windows
- Workshop
- Storage Room
- Utility Room
- Water Views
- Security System Owned
- Attic
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- 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
Outdoor Features
- Deck
- Porch
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- Underground Utilities
- 200+ Amp Service
- Gas Water Heater
- Septic Tank
- Satellite Dish
Community Details
- Prospect Farm/Spinnaker Run Subdivision
Listing and Financial Details
- Tax Lot 67
- Assessor Parcel Number 51PROSPECTFARMRDPORT
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2023
Closed on
Oct 20, 2023
Sold by
Watts Robert B
Bought by
Omalley Matthew W and Omalley Gregory Katherine
Seller's Agent
Teri Degnan
Teri Degnan RE & Consulting
Buyer's Agent
Grace Cimo
Gustave White Sotheby's Realty
List Price
$1,200,000
Sold Price
$1,248,000
Premium/Discount to List
$48,000
4%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,130
Avg. Annual Appreciation
3.86%
Original Mortgage
$998,400
Outstanding Balance
$981,607
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$360,029
Purchase Details
Closed on
Mar 30, 2001
Sold by
Eastport Assoc Llc
Bought by
Watts Robert B and Watts Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Omalley Matthew W | $1,248,000 | None Available | |
| Watts Robert B | $517,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Omalley Matthew W | $998,400 | |
| Previous Owner | Watts Robert B | $1,270,000 | |
| Previous Owner | Watts Robert B | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2023 10/20/23 | Sold | $1,248,000 | +4.0% | $414 / Sq Ft |
| 10/17/2023 10/17/23 | Pending | -- | -- | -- |
| 09/06/2023 09/06/23 | For Sale | $1,200,000 | -- | $398 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $12,572 | $953,900 | $331,300 | $622,600 |
| 2023 | $12,191 | $953,900 | $331,300 | $622,600 |
| 2022 | $10,886 | $699,600 | $287,900 | $411,700 |
| 2021 | $10,711 | $699,600 | $287,900 | $411,700 |
| 2020 | $10,543 | $699,600 | $287,900 | $411,700 |
| 2019 | $10,365 | $632,000 | $212,100 | $419,900 |
| 2018 | $10,093 | $632,000 | $212,100 | $419,900 |
| 2017 | $9,745 | $632,000 | $212,100 | $419,900 |
| 2016 | $9,573 | $598,300 | $224,500 | $373,800 |
| 2015 | $9,453 | $598,300 | $224,500 | $373,800 |
| 2014 | $9,453 | $598,300 | $224,500 | $373,800 |
Source: Public Records
Agents Affiliated with this Home
-
Teri Degnan
-
Grace Cimo
Buyer's Agent in 2023
Grace Cimo
Gustave White Sotheby's Realty
(401) 222-9651
5 in this area
85 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1339908
APN: PORT-000040-000000-000067
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