NOT LISTED FOR SALE

556 E Shore Rd Jamestown, RI 02835

East Shore Road Neighborhood

Estimated Value: $5,062,000 - $6,981,000

2 Beds
5 Baths
3,964 Sq Ft
$1,457/Sq Ft Est. Value

Last Sold May 06, 2022

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

Est. 16% increase in value since last sale

Current estimated payment $33,266/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
$5,776,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$776,759
Avg. Annual Appreciation
4.09%
Original Mortgage
$3,500,000
Outstanding Balance
$3,304,260
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,423,414

Purchase Details

Closed on
Dec 5, 2012
Sold by
Dermanouelian Aram Est
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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
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
Previous Owner Dermanouelian Greg A $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    23 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

This home is located at 556 E Shore Rd, Jamestown, RI 02835 since 05 October 2021 and is currently estimated at $5,776,759, approximately $1,457 per square foot. This property was built in 1979. 556 E Shore Rd is a home located in Newport County with nearby schools including Melrose Avenue School and Lawn Avenue School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes