NOT LISTED FOR SALE

53 Baileys Ledge Rd Little Compton, RI 02837

Estimated Value: $2,508,000 - $7,079,000

4 Beds
4.5 Baths
4,813 Sq Ft
$959/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $3,350,000 $696 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $27,249/month

94 Days on Market

Highlights

  • Marina
  • Water Views
  • Deck
  • Wilbur & McMahon School Rated A-
  • Golf Course Community
  • Wood Flooring

About This Home

As of November 2018

Stunning Custom Shingle Style home located in the sought-after Bailey's Ledge area of Little Compton. Rebuilt in 2003, this gracious 4,813 sqft home offers every modern amenity and enjoys south-western views over the Sakonnet Golf Club golf course and Sakonnet Passage. The open floor plan offers gracious living spaces throughout and is ideal for family living, with a spacious eat-in cook's kitchen featuring soapstone counters, custom cabinetry, a Viking gas stove and gas fireplace. The adjacent dining room opens on to the stunning living room with beamed ceilings, custom-built stone fireplace and banks of windows and walk-out doors that overlook the porch, grounds and golf course. The first level also includes a sun room, a bedroom and full bath, a studio space and laundry area, and connects to a two-level in-law apartment. The second level showcases the stunning master suite, with its own private deck and spa bath with steam shower and soaking tub. This floor also includes a second bedroom and full bath and a gorgeous window-lined office space. The exterior features a porch that stretches along the south side of the house, a patio surrounded by private gardens, hand-crafted stone walls and beautifully landscaped grounds. A two-car garage completes this truly special property. Centrally located near Little Compton beaches, Sakonnet Point, local farm stands, and the Little Compton Commons, 53 Bailey's Ledge Road is the perfect seaside retreat. Buyer to pay LCAT at closing.

Last Agent to Sell the Property

Cherry Arnold

Mott & Chace Sotheby's Intl. License #RES.0040832 Listed on: 06/29/2018

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Amelia Chafee

Residential Properties Ltd. License #RES.0042813

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,082

Year Built

  • Built in 1927

Lot Details

  • 0.96 Acre Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,813 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Water Views
  • Permanent Attic Stairs
  • Security System Owned

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • <<tubWithShowerToken>>

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Hallway
  • Accessible Doors
  • Accessible Approach with Ramp

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Doors

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Well
  • High-Efficiency Water Heater
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 53BAILEY'SLEDGERDLCOM

Community Details

Overview

  • Bailey's Ledge Subdivision

Amenities

  • Shops

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,082

Year Built

Built in 1927

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.96
  • Subdivision Name: Bailey's Ledge
  • Above Grade Finished Sq Ft: 4813.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Appliances, Doors, Insulation, Water Heater, Windows
  • Building Stories: 2
  • Year Built: 1927
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Accessibility Features: Accessible Full Bath, Accessible Approach with Ramp, Accessible Doors, Accessible Hallway(s)
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Other, Wood
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Cable TV
  • Living Area: 4813.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 400.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 41817.0
  • Parcel #: 53BAILEY'SLEDGERDLCOM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13082.0
  • Tax Lot: 34
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Oct 15, 2018
Sold by
Marziano Fredric G and Paterson Kimberly
Bought by
Gailliot Peter C and Gailliot Sarah S
Seller's Agent
Cherry Arnold
Mott & Chace Sotheby's Intl.
Buyer's Agent
Amelia Chafee
Residential Properties Ltd.
List Price
$2,895,000
Sold Price
$3,350,000
Premium/Discount to List
$455,000
15.72%
Current Estimated Value
$4,616,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,266,236
Avg. Annual Appreciation
5.87%
Original Mortgage
$2,177,500
Interest Rate
3.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Gailliot Peter C $3,350,000 --
Gailliot Peter C $3,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gailliot Peter C $2,177,500
Closed Gailliot Peter C $2,177,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2018 11/01/18 Sold $3,350,000 +15.7% $696 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $2,895,000 -- $601 / 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 $20,655 $4,065,900 $1,843,100 $2,222,800
2023 $14,820 $2,987,900 $1,843,100 $1,144,800
2022 $15,501 $3,163,500 $1,843,100 $1,320,400
2021 $16,877 $2,794,200 $1,548,300 $1,245,900
2020 $16,723 $2,791,800 $1,548,300 $1,243,500
2019 $16,555 $2,791,800 $1,548,300 $1,243,500
2018 $13,752 $2,307,300 $1,393,400 $913,900
2016 $13,082 $2,307,300 $1,393,400 $913,900
2015 $10,771 $1,873,200 $1,019,400 $853,800
2014 $10,565 $1,873,200 $1,019,400 $853,800
Source: Public Records

Agents Affiliated with this Home

  • Cherry Arnold

    Seller's Agent in 2018

    Cherry Arnold

    Mott & Chace Sotheby's Intl.

    (401) 864-5401

    47 in this area

    86 Total Sales

    Cherry Arnold
    Section Image

  • A

    Buyer's Agent in 2018

    Amelia Chafee

    Residential Properties Ltd.

    (401) 932-7283

    7 in this area

    14 Total Sales

    Amelia Chafee
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1196008

State-Wide MLS

APN: LCOM-000008-000000-000034

Rhode Island Newport County Little Compton 02837

53 Baileys Ledge Rd, Little Compton, RI

This home is located at 53 Baileys Ledge Rd, Little Compton, RI 02837 since 29 June 2018 and is currently estimated at $4,616,236, approximately $959 per square foot. This property was built in 1927. 53 Baileys Ledge Rd is a home located in Newport County with nearby schools including Wilbur & McMahon School.

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