NOT LISTED FOR SALE

55 Mare Terrace Portsmouth, RI 02871

Melville Neighborhood

Estimated Value: $1,030,000 - $1,402,000

3 Beds
2.5 Baths
2,212 Sq Ft
$535/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $695,000 $314 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,434/month

160 Days on Market

Highlights

  • Water Views
  • Deck
  • Cottage
  • Portsmouth High School Rated A-
  • Wood Flooring
  • Thermal Windows

About This Home

As of January 2018

Stunning sunsets overlooking Narragansett Bay from this completely renovated/expanded home. Large master suite, custom kitchen, oak floors are just some of the details in this thoughtful custom home, with spacious open floor plan. Large deck overlooks your .55 acres of land with 180 degree westerly views. Two car garage, new septic home located at the end of the Cul De Sac.

Last Agent to Sell the Property

Chad Kritzas

HomeSmart Professionals Listed on: 07/12/2017

Last Buyer's Agent

Welchman Real Estate Group

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,520

Year Built

  • Built in 1930

Lot Details

  • 0.55 Acre Lot
  • Property is zoned HI

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cottage
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,212 Sq Ft Home
  • 1-Story Property
  • Dry Bar
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Newport Beach Club/Carnegie Abbey Subdivision

Listing and Financial Details

  • Tax Lot 10B
  • Assessor Parcel Number 55MareTERPORT

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,520

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.5491
  • Subdivision Name: Newport Beach Club/Carnegie Abbey
  • Above Grade Finished Sq Ft: 2212.0
  • Architectural Style: Cabin/Cottage, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1930
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Dry Bar, Cable TV
  • Living Area: 2212.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Builder

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23920.0
  • Parcel #: 55MareTERPORT
  • Zoning: HI
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8520.0
  • Tax Lot: 10B
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2018
Sold by
Degregorio Bok N
Bought by
Bok Nam Degregorio Ret
Current Estimated Value
$1,183,241

Purchase Details

Listed on
Jul 12, 2017
Closed on
Jan 19, 2018
Sold by
Alexis Llc
Bought by
Degregorio Bok N and Degregorio Nicodemo
Seller's Agent
Chad Kritzas
HomeSmart Professionals
Buyer's Agent
Welchman Real Estate Group
Compass
List Price
$785,000
Sold Price
$695,000
Premium/Discount to List
-$90,000
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$425,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bok Nam Degregorio Ret -- --
Degregorio Bok N $695,000 --
Alexis Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bok Nam Degregorio Lt $403,000
Previous Owner Degregorio Bok N $425,000
Previous Owner Alexis Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $695,000 -11.5% $314 / Sq Ft
12/20/2017 12/20/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $785,000 +161.7% $355 / Sq Ft
04/08/2016 04/08/16 Sold $300,000 -33.2% $183 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $449,000 -- $274 / 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 $11,985 $909,300 $452,400 $456,900
2023 $11,361 $889,000 $452,400 $436,600
2022 $9,979 $641,300 $331,500 $309,800
2021 $9,818 $641,300 $331,500 $309,800
2020 $9,664 $641,300 $331,500 $309,800
2019 $8,845 $539,300 $273,400 $265,900
2018 $8,613 $539,300 $273,400 $265,900
2017 $8,316 $539,300 $273,400 $265,900
2016 $6,909 $431,800 $282,900 $148,900
2015 $6,834 $432,500 $282,900 $149,600
2014 $6,834 $432,500 $282,900 $149,600
Source: Public Records

Agents Affiliated with this Home

  • Chad Kritzas

    Seller's Agent in 2018

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    3 in this area

    217 Total Sales

    Chad Kritzas
    Section Image
  • Debra Torres

    Buyer Co-Listing Agent in 2018

    Debra Torres

    Keller Williams Coastal

    (508) 496-8850

    45 Total Sales

    Debra Torres
    Section Image
  • Leslie Hogan

    Seller's Agent in 2016

    Leslie Hogan

    Hogan Associates Christie's

    (401) 845-9500

    4 in this area

    89 Total Sales

    Leslie Hogan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1166824

State-Wide MLS

APN: PORT-000022-000000-000010B

Rhode Island Newport County Portsmouth 02871 Melville

55 Mare Terrace, Portsmouth, RI

This home is located at 55 Mare Terrace, Portsmouth, RI 02871 since 12 July 2017 and is currently estimated at $1,183,241, approximately $534 per square foot. This property was built in 1930. 55 Mare Terrace is a home located in Newport County with nearby schools including Portsmouth High School, St. Philomena School of the Sacred Heart, and Our Lady of Mt. Carmel School.

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