NOT LISTED FOR SALE

56 Somerset St East Greenwich, RI 02818

Downtown East Greenwich Neighborhood

Estimated Value: $1,160,000 - $1,270,000

4 Beds
2 Baths
3,186 Sq Ft
$382/Sq Ft Est. Value

Last Sold June 11, 2014

Last sale price $395,000 $124 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $7,533/month

73 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Attic
  • James H. Eldredge Elementary School Rated A
  • Wood Flooring
  • 5-minute walk to Academy Field

About This Home

As of June 2014

Nice 2 family Dutch Colonial on the "Hill". Hardwood floors, 1st floor newly painted. 2Beds each unit. Gas heating systems. 3 Garages.

Last Agent to Sell the Property

Jeanne Haroian

RE/MAX Professionals License #REB.0010813 Listed on: 02/27/2014

RE/MAX Professionals

Last Buyer's Agent

Dean Benjamin

RE/MAX Professionals License #REB.0016536

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,100 Sq Ft Lot

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,186 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Storm Windows
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 204
  • Assessor Parcel Number 56SOMERSETSTEGRN

Community Details

Overview

  • 2 Units
  • Hill And Harbour Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2089
  • Subdivision Name: HILL AND HARBOUR
  • Above Grade Finished Sq Ft: 3186.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Wood
  • Interior Amenities: Attic
  • Living Area: 3186.0
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Built In
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 9100.0
  • Parcel #: 56SOMERSETSTEGRN
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 10008.0
  • Tax Lot: 204
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2014
Closed on
Jun 11, 2014
Sold by
Johnson William A and Joyce Janet A
Bought by
Stark Matthew G and Stark Kristina A
Seller's Agent
Jeanne Haroian
RE/MAX Professionals
Buyer's Agent
Dean Benjamin
RE/MAX Professionals
List Price
$449,900
Sold Price
$395,000
Premium/Discount to List
-$54,900
-12.2%
Current Estimated Value
$1,217,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$822,196
Avg. Annual Appreciation
10.48%
Original Mortgage
$459,500
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage
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
Stark Matthew G $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stark Matthew G $350,000
Closed Stark Matthew G $90,000
Closed Stark Matthew G $510,400
Closed Stark Matthew G $50,000
Closed Stark Kristina A $537,500
Closed Stark Matthew G $459,500
Closed Stark Matthew G $86,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2014 06/11/14 Sold $395,000 -12.2% $124 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $449,900 -- $141 / 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 $13,257 $900,000 $330,400 $569,600
2023 $13,610 $622,900 $254,200 $368,700
2022 $13,343 $622,900 $254,200 $368,700
2021 $13,087 $622,900 $254,200 $368,700
2020 $12,739 $543,700 $211,800 $331,900
2019 $12,619 $543,700 $211,800 $331,900
2018 $12,505 $543,700 $211,800 $331,900
2017 $12,989 $549,000 $210,300 $338,700
2016 $12,040 $499,800 $210,300 $289,500
2015 $9,965 $428,400 $210,300 $218,100
2014 $10,165 $437,000 $185,100 $251,900
Source: Public Records

Agents Affiliated with this Home

  • Jeanne Haroian

    Seller's Agent in 2014

    Jeanne Haroian

    RE/MAX Professionals

    (401) 523-5556

    1 in this area

    37 Total Sales

    Jeanne Haroian
    Section Image
  • Dean Benjamin

    Buyer's Agent in 2014

    Dean Benjamin

    RE/MAX Professionals

    (401) 965-0225

    23 in this area

    119 Total Sales

    Dean Benjamin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1060898

State-Wide MLS

APN: EGRE-000085-000002-000204

Rhode Island Kent County East Greenwich 02818 Downtown East Greenwich

56 Somerset St, East Greenwich, RI

This home is located at 56 Somerset St, East Greenwich, RI 02818 since 27 February 2014 and is currently estimated at $1,217,196, approximately $382 per square foot. This property was built in 1928. 56 Somerset St is a home located in Kent County with nearby schools including James H. Eldredge Elementary School, East Greenwich High School, and Our Lady of Mercy School.

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