NOT LISTED FOR SALE

556 E Shore Rd Jamestown, RI 02835

East Shore Road Neighborhood

Estimated Value: $4,993,000 - $7,027,000

2 Beds
5 Baths
3,964 Sq Ft
$1,440/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $5,000,000 $1,261 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $32,894/month

161 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • 4.01 Acre Lot

About This Home

As of May 2022

Waterfront! Calling all Nautical Enthusiasts. Unique opportunity to own "East Meadow" a Private gated estate. This Waterfront property sits on over 4 acres. 450 feet of frontage on the Narragansett Bay. Sail up to your private dock. Garage bays for 3 cars and water toys. A true gem!

Last Agent to Sell the Property

Christina Rescia

William Raveis Inspire License #REB.0016454 Listed on: 10/05/2021

William Raveis Inspire

Last Buyer's Agent

Gloria Kurz

Mansions & Manors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,117

Year Built

  • Built in 1979

Lot Details

  • 4.01 Acre Lot
  • Beach Front
  • Fenced
  • Private Lot
  • Secluded Lot
  • Property is zoned r80

Parking

  • 5 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Cottage
  • Slab Foundation
  • Wood Siding
  • Plaster

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Stone Fireplace
  • Gas Fireplace
  • Water Views

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number 556EASTSHORERDJAME

Community Details

Overview

  • East Shore Road/Narragansett Bay Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,117

Year Built

Built in 1979

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.01
  • Subdivision Name: East Shore Road/Narragansett Bay
  • Above Grade Finished Sq Ft: 3964.0
  • Architectural Style: Cabin/Cottage, Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Other
  • Interior Amenities: Skylights, Tub Shower
  • Living Area: 3964.0
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Private, Secluded, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Dock Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Wood Siding
  • Exterior Features: Deck, Porch, Patio
  • Foundation Details: Slab
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: Attached, Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 15.0

Utilities

  • Cooling: Central Air, Ductless
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 174674.0
  • Parcel #: 556EASTSHORERDJAME
  • Zoning: r80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 28117.0
  • Tax Lot: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
May 6, 2022
Sold by
Dermanouelian Greg A
Bought by
Culver Christopher
Seller's Agent
Christina Rescia
William Raveis Inspire
Buyer's Agent
Gloria Kurz
Mansions & Manors
List Price
$5,500,000
Sold Price
$5,000,000
Premium/Discount to List
-$500,000
-9.09%
Current Estimated Value
$5,706,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$706,341
Avg. Annual Appreciation
3.79%
Original Mortgage
$3,500,000
Outstanding Balance
$3,288,008
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,418,333

Purchase Details

Closed on
Dec 5, 2012
Sold by
Dermanouelian Aram Est and Maragian
Bought by
Dermanouelian Greg A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Culver Christopher $5,000,000 None Available
Culver Christopher $5,000,000 None Available
Dermanouelian Greg A $2,800,000 --
Dermanouelian Greg A $2,800,000 --
Dermanouelian Greg A $2,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culver Christopher $3,500,000
Closed Culver Christopher $3,500,000
Previous Owner Dermanouelian Greg A $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $5,000,000 -9.1% $1,261 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
10/05/2021 10/05/21 For Sale $5,500,000 -- $1,387 / 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 $33,110 $5,870,600 $4,626,900 $1,243,700
2024 $32,801 $4,574,800 $3,570,900 $1,003,900
2023 $32,017 $4,587,000 $3,570,900 $1,016,100
2022 $31,146 $4,587,000 $3,570,900 $1,016,100
2021 $28,920 $3,492,800 $2,834,800 $658,000
2020 $28,187 $3,492,800 $2,834,800 $658,000
2019 $28,117 $3,492,800 $2,834,800 $658,000
2018 $27,514 $3,108,900 $2,603,500 $505,400
2017 $26,923 $3,108,900 $2,603,500 $505,400
2016 $26,674 $3,108,900 $2,603,500 $505,400
2015 $25,099 $2,858,600 $2,436,300 $422,300
2014 $24,915 $2,847,400 $2,436,300 $411,100
Source: Public Records

Agents Affiliated with this Home

  • Christina Rescia

    Seller's Agent in 2022

    Christina Rescia

    William Raveis Inspire

    (401) 339-8833

    1 in this area

    21 Total Sales

    Christina Rescia
    Section Image

  • G

    Buyer's Agent in 2022

    Gloria Kurz

    Mansions & Manors

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1295274

State-Wide MLS

APN: JAME-000004-000000-000103

Rhode Island Newport County Jamestown 02835 East Shore Road

556 E Shore Rd, Jamestown, RI

Not Listed for Sale

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