NOT LISTED FOR SALE

575 Tuckerman Ave Unit 7 Middletown, RI 02842

Estimated Value: $2,270,000 - $3,747,000

4 Beds
4.5 Baths
2,978 Sq Ft
$2,060/mo HOA Fee

Last Sold December 04, 2020

Last sale price $2,500,000 $839 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $19,656/month

26 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Wood Flooring
  • Golf Course Community
  • Spa
  • 3-minute walk to Purgatory Chasm

About This Home

As of December 2020

Bancroft Penthouse. Fold back the glass walls, breathe in the salt air & listen to the waves crash on the bluffs below. The penthouse at Bancroft is an artful combination of two 4th floor units on the southeast corner of this historic shingle style mansion. Elevator doors open to a private landing at the top of the original staircase. Inside, indescribably beautiful, 270-degree, ocean views include 2nd Beach, Sachuest Point National Wildlife Refuge, Sachuest Light, Elephant Rock, Easton's Point and Newport's Cliff Walk. An octagonal turret room with folding glass Nano Walls opens to an oceanside porch overlooking the Chinese garden and dramatic rock formations below. The main level includes, turrent room, eat-in kitchen with Viking and Asko appliances, office, den, 3 bedrooms, 3 and 1/2 baths. 3 period gas fireplaces add warmth and charm. Upstairs, a 4th ensuite bedroom with den has its own washer and dryer and a crow's nest view of the incredible scene below. An energy-efficient geothermal system heats and cools the building. A walkable path to the water and approximately 4 acres of manicured grounds enhance this exceptional offering.

Last Agent to Sell the Property

Leslie Hogan

Hogan Associates Christie's License #REB.0016899 Listed on: 10/08/2020

Last Buyer's Agent

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457

Keller Williams Coastal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,131

Year Built

  • Built in 1895

Lot Details

  • Beach Front
  • Sprinkler System

HOA Fees

  • $2,060 Monthly HOA Fees

Home Design

  • Entry on the 4th floor
  • Stone Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,978 Sq Ft Home
  • Skylights
  • 3 Fireplaces
  • Fireplace Features Masonry
  • Gas Fireplace
  • Thermal Windows
  • Water Views
  • Intercom

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Partially Finished Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessibility Features

Outdoor Features

  • Spa
  • Water Access
  • Walking Distance to Water
  • Balcony
  • Screened Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Tax Lot 127
  • Assessor Parcel Number 575TUCKERMANAV7MDLT

Community Details

Overview

  • 9 Units
  • Easton's Point / 2Nd Beach Subdivision
  • 5-Story Property

Recreation

  • Golf Course Community

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Additional Features

  • Shops
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,131

Year Built

Built in 1895

Lot Details

0

HOA Fees

$2,060 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: Easton's Point / 2nd Beach
  • Above Grade Finished Sq Ft: 2978.0
  • Building Name: Bancroft on the Bluffs
  • Entry Level: 4
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 5
  • Year Built: 1895
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 5

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Other Equipment: Intercom
  • Accessibility Features: Accessibility Features, Accessible Elevator Installed
  • Has Basement: Crawl Space, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Entry Location: Elevator,Third Floor or higher Access
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Skylights, Tub Shower, Elevator, Cable TV
  • Living Area: 2978.0
  • Stories: 5
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Sprinkler System, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Balcony, Porch, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Balcony, Porch, Screened

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Near Schools, Shopping, Sidewalks
  • Senior Community: No
  • Association Fee: 24719.0
  • Association Fee Frequency: Annually
  • Pets Allowed: Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 575TUCKERMANAV7MDLT
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 9

Tax Info

  • Tax Annual Amount: 19131.0
  • Tax Lot: 127
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 4, 2020
Sold by
Younger Peter R and Younger Katherine B
Bought by
Mellor-Greenlee Stephen and Church-Greenlee Donna
Seller's Agent
Leslie Hogan
Hogan Associates Christie's
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$2,650,000
Sold Price
$2,500,000
Premium/Discount to List
-$150,000
-5.66%
Current Estimated Value
$2,810,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,300
Avg. Annual Appreciation
2.37%

Purchase Details

Closed on
Dec 30, 2015
Sold by
Younger Peter R and Younger Katherine B
Bought by
Younger Peter R and Younger Katherine B

Purchase Details

Closed on
Nov 19, 2009
Sold by
Bessemer T Co
Bought by
Ellis Ari and Ellis Sabrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,233
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2009
Sold by
Bancroft Partners Llc
Bought by
Besseman Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,233
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mellor-Greenlee Stephen $2,500,000 None Available
Younger Peter R -- --
Ellis Ari $750,000 --
Besseman Trust Co $3,475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Besseman Trust Co $502,233
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $2,500,000 -5.7% $839 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $2,650,000 -- $890 / 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 $33,579 $2,848,100 $0 $2,848,100
2024 $32,070 $2,848,100 $0 $2,848,100
2023 $25,942 $2,060,500 $0 $2,060,500
2022 $24,767 $2,060,500 $0 $2,060,500
2021 $24,767 $2,060,500 $0 $2,060,500
2020 $19,132 $1,390,400 $0 $1,390,400
2018 $22,397 $1,628,900 $0 $1,628,900
2016 $20,347 $1,319,500 $0 $1,319,500
2015 $11,575 $769,600 $0 $769,600
2014 $11,575 $720,300 $0 $720,300
2013 $11,316 $720,300 $0 $720,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1266397

State-Wide MLS

APN: MIDD-000122-000000-012707