NOT LISTED FOR SALE

55 E Main Rd Little Compton, RI 02837

Little Compton Neighborhood

Estimated Value: $910,397

5 Beds
3 Baths
4,504 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 20, 2020

Last sale price $545,000 $121 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,306/month

312 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • 7.5 Acre Lot
  • Wilbur & McMahon School Rated A-
  • Horses Allowed On Property
  • Deck

About This Home

As of April 2020

Opportunity Awaits! Situated on 7.5 serene acres filled with character and charm this home is the farm coast Airbnb investment you have been dreaming of. Comprised of 3 spacious fully rented legal units, this multi family is rare to Little Compton, offering both seasonal and yearly rental options. Interior features include hardwood flooring, crown moulding, private entrances, in unit washer/dryer hookups, and immense natural light. Exterior offers 3 private deck spaces ideal for grilling and entertaining, 3 Car Garage with attached 14x30 workshop/studio space, and ample parking. Upgrades include 5 Bedroom Septic System, Separate Individual Electric Meters, & 10 year young roof. If desired this quaint farmhouse can be converted back to a single family residence. Ideal Location minutes to Sakonnet Vineyards, local beaches, and the center of town. Buyer pays Little Compton Agricultural Conservancy Tax at closing.

Last Listed By

Lindsey Duckworth

Mott & Chace Sotheby's Intl. License #RES.0040348 Listed on: 05/13/2019

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,777

Year Built

  • Built in 1930

Lot Details

  • 7.5 Acre Lot
  • Wooded Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Stone Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 4,504 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Deck
  • Outbuilding

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Private Water Source
  • Well
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 42
  • Assessor Parcel Number 55EASTMAINRDLCOM

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • East Main Subdivision

Recreation

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

Building Details

  • Operating Expense $10,962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,777

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Horses: Yes
  • Lot Size Acres: 7.5
  • Co List Office Mls Id: MOCH04
  • Co List Office Phone: 401-314-3000
  • Subdivision Name: East Main
  • Above Grade Finished Sq Ft: 4504.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Number Of Buildings: 3
  • Appliances: Dishwasher, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Skylights, Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Wooded
  • Construction Type: Plaster, Clapboard, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 13.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Individual, Oil, Steam, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Horse Amenities: Horses Allowed
  • Land Lease: No
  • Lot Size Sq Ft: 326700.0
  • Parcel #: 55EASTMAINRDLCOM
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 10962.0

Tax Info

  • Tax Annual Amount: 2777.0
  • Tax Lot: 42
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Apr 9, 2020
Sold by
Simmons Dana R
Bought by
Bee Haven Farm Llc
Seller's Agent
Lindsey Duckworth
Mott & Chace Sotheby's Intl.
Buyer's Agent
Connor Dowd
Keller Williams Coastal
List Price
$595,000
Sold Price
$545,000
Premium/Discount to List
-$50,000
-8.4%
Total Days on Market
312
Current Estimated Value
$910,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,397
Avg. Annual Appreciation
10.72%

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
Bee Haven Farm Llc $545,000 None Available
Bee Haven Farm Llc $545,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bee Haven Farm Llc $120,000
Closed Bee Hvn Farm Llc $50,000
Previous Owner Simmons Dana R $251,000
Previous Owner Simmons Dana R $282,000
Previous Owner Simmons Dana R $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2020 04/20/20 Sold $545,000 -8.4% $121 / Sq Ft
03/21/2020 03/21/20 Pending -- -- --
05/13/2019 05/13/19 For Sale $595,000 -- $132 / 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 $3,100 $610,300 $244,100 $366,200
2023 $3,027 $610,300 $244,100 $366,200
2022 $2,990 $610,300 $244,100 $366,200
2021 $3,251 $538,200 $219,700 $318,500
2020 $3,224 $538,200 $219,700 $318,500
2019 $3,192 $538,200 $219,700 $318,500
2018 $2,777 $465,900 $219,700 $246,200
2016 $2,642 $465,900 $219,700 $246,200
2015 $2,888 $502,200 $204,800 $297,400
2014 $2,832 $502,200 $204,800 $297,400
Source: Public Records

Agents Affiliated with this Home

  • Lindsey Duckworth

    Seller's Agent in 2020

    Lindsey Duckworth

    Mott & Chace Sotheby's Intl.

    (508) 284-0158

    4 in this area

    85 Total Sales

    Lindsey Duckworth
    Section Image
  • Cherry Arnold

    Seller Co-Listing Agent in 2020

    Cherry Arnold

    Mott & Chace Sotheby's Intl.

    (401) 864-5401

    48 in this area

    86 Total Sales

    Cherry Arnold
    Section Image
  • Connor Dowd

    Buyer's Agent in 2020

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    2 in this area

    412 Total Sales

    Connor Dowd
    Section Image
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Map

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Source: State-Wide MLS

MLS Number: 1222915

State-Wide MLS

APN: LCOM-000028-000000-000042-000001

Rhode Island Newport County Little Compton 02837 Little Compton

55 E Main Rd, Little Compton, RI

Homes for Sale in Little Compton, RI

This home is located at 55 E Main Rd, Little Compton, RI 02837 since 13 May 2019 and is currently priced at $910,397, approximately $202 per square foot. This property was built in 1930. 55 E Main Rd is a home located in Newport County with nearby schools including Wilbur & McMahon School.

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