NOT LISTED FOR SALE

Estimated Value: $913,000 - $2,388,000

2 Beds
2.5 Baths
1,757 Sq Ft
$1,296/mo HOA Fee

Last Sold October 15, 2020

Last sale price $1,500,000 $854 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $12,567/month

28 Days on Market

Highlights

  • Beach Front
  • 3.99 Acre Lot
  • Balcony
  • Water Access
  • Wood Flooring
  • 3-minute walk to Purgatory Chasm

About This Home

As of October 2020

Bancroft on the Bluffs c. 1895 is a shingle style, oceanfront mansion designed and built by William Ralph Emerson for John Chandler Bancroft on one of the most scenic spots in all of RI. Completely restored and renovated in 2006, the historic manse overlooks a turn of the century Chinese garden punctuated by rocky outcroppings and large expanses of lawn. Dramatic cliffs of native puddingstone descend to the water via an inviting, walkable path. Inside, walls of windows and French doors take full advantage of unparalleled southeasterly views of the rocky coastline, open Atlantic, Sakonnet Light and Sachuest Point. The main living area is open and airy with marquetry ceiling detail, built in cabinetry and custom window seating. There are 2 ensuite bedrooms, a waterside balcony, gas fireplace, a den with pocket doors and beautifully appointed kitchen. You're going to like it here!

Last Agent to Sell the Property

Leslie Hogan

Hogan Associates Christie's License #REB.0016899 Listed on: 08/17/2020

Last Buyer's Agent

Lynne Zekis

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,116

Year Built

  • Built in 1895

Lot Details

  • 3.99

HOA Fees

  • $1,296 Monthly HOA Fees

Home Design

  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Masonry
  • Plaster

Interior Spaces

  • 1,757 Sq Ft Home
  • Dry Bar
  • Fireplace Features Masonry
  • Gas Fireplace
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Home Security

  • Security System Owned
  • Intercom

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Thermostat

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Geothermal Heating and Cooling
  • Underground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Beach Front

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 127/03
  • Assessor Parcel Number 575TUCKERMANAV3MDLT

Community Details

Overview

  • 10 Units
  • Easton's Point / Second Beach Subdivision
  • 5-Story Property

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,116

Year Built

Built in 1895

Lot Details

0

HOA Fees

$1,296 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 3.9945
  • Subdivision Name: Easton's Point / Second Beach
  • Above Grade Finished Sq Ft: 1757.0
  • Building Name: Bancroft on the Bluffs
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Thermostat, Windows
  • Building Stories: 5
  • Year Built: 1895
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 5

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Other Equipment: Intercom
  • Owner Pays: Hot Water
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: Crawl Space, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Elevator,Second Floor Access
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Dry Bar, Tub Shower, Elevator, Cable TV
  • Living Area: 1757.0
  • Stories: 5
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Masonry, Shingle Siding, Wood Siding
  • Exterior Features: Balcony, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Geothermal, Individual, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, Underground
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Available, Sewer Connected, Underground Utilities, Water Available
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 15552.0
  • Association Fee Frequency: Annually
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 174000.0
  • Parcel #: 575TUCKERMANAV3MDLT
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 13116.0
  • Tax Lot: 127/03
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Oct 6, 2020
Sold by
Bell Richard J and Bell Claudia H
Bought by
Foley Michael K and Foley Holly A
Seller's Agent
Leslie Hogan
Hogan Associates Christie's
Buyer's Agent
Lynne Zekis
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Current Estimated Value
$1,785,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,468
Avg. Annual Appreciation
2.81%

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 2, 2015
Sold by
Mccool Franklin D and Savoie Jacqueline M
Bought by
Bell Richard J and Bell Claudia H
Seller's Agent
Leslie Hogan
Hogan Associates Christie's
Buyer's Agent
Donald Desrosiers
Gustave White Sotheby's Realty
List Price
$1,145,000
Sold Price
$1,036,250
Premium/Discount to List
-$108,750
-9.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%

Purchase Details

Closed on
Nov 19, 2009
Sold by
Bessemer T Co
Bought by
Mccool Franklin Dennis and Savoie Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,490
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Foley Michael K $1,500,000 None Available
Bell Richard J $1,036,250 --
Mccool Franklin Dennis $946,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccool Franklin Dennis $600,000
Previous Owner Mccool Franklin Dennis $634,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $1,500,000 +3.4% $854 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $1,450,000 +39.9% $825 / Sq Ft
06/02/2015 06/02/15 Sold $1,036,250 -9.5% $581 / Sq Ft
05/03/2015 05/03/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $1,145,000 -- $642 / 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 $17,943 $1,593,500 $0 $1,593,500
2023 $14,730 $1,170,000 $0 $1,170,000
2022 $14,063 $1,170,000 $0 $1,170,000
2021 $14,063 $1,170,000 $0 $1,170,000
2020 $13,116 $953,200 $0 $953,200
2018 $14,037 $1,020,900 $0 $1,020,900
2016 $12,763 $827,700 $0 $827,700
2015 $12,449 $827,700 $0 $827,700
2014 $11,617 $722,900 $0 $722,900
2013 $11,357 $722,900 $0 $722,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1261809

State-Wide MLS

APN: MIDD-000122-000000-012703