$585,000
SOLD JAN 17, 2025

59 Balcom Rd Foster, RI 02825

3 Beds
2 Baths
2,279 Sq Ft
5.05 Acres

Recently Sold

$257 Per Sq Ft

6% Below List Price

87 Days on Market

Highlights

  • Golf Course Community
  • Barn
  • 5.05 Acre Lot
  • Ponaganset Middle School Rated A-
  • Stables
  • Wooded Lot

About This Home

As of January 2025

Very special offering in the heart of Foster. Surrounded by nature's landscape this private property offers complete peace & serenity. Featuring over 5 acres of partially cleared & wooded land, a charming main Log Home residence, a huge well-built barn with loft & lower level, many outbuildings & much more. The primary level of the log home features a cathedraled living room with soaring ceilings & a dramatic stone fireplace with huge hearth for roaring winter fires, a gathering kitchen with island & vintage Glendale Stove, 1st floor bed, full bath & laundry for ideal single level living and two covered porches & a sunroom perfect for scenic relaxing during all seasons. The second level offers your additional 2 bedrooms and full bath. The walkout lower level is great for storage, home gym, office, etc. The huge, detached powered barn is incredibly well built and features access from the main and lower levels making it perfect for many uses including a potential stable. Also offering central air, young mechanical systems, fenced area for containment, paid in full solar & much more. Shown by appointment only. Exceptional opportunity, call today.

Last Agent to Sell the Property

Michael Russo

RI Real Estate Services License #REB.0018125 Listed on: 10/22/2024

RI Real Estate Services

Last Buyer's Agent

Chris Tanner

RE/MAX FLAGSHIP, INC. License #REC.0010851

RE/MAX FLAGSHIP, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,772

Year Built

  • Built in 1977

Lot Details

  • 5.05 Acre Lot
  • Wooded Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Log Cabin
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Stone Fireplace
  • Home Office
  • Storage Room
  • Utility Room
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Outbuilding
  • Porch

Farming

  • Barn

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Power Generator
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Golf Course Community
  • Recreation Facilities

Listing and Financial Details

  • Tax Lot 22D
  • Assessor Parcel Number 59ABALCOMRDFOST

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,772

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 5.05
  • Above Grade Finished Sq Ft: 2079.0
  • Architectural Style: Log Home
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1977
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 200.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Wood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Living Area: 2279.0
  • Dining Room Type: Office, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Wooded
  • Construction Type: Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Other Structures: Barn(s), Outbuilding
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 21.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Recreation Area
  • Senior Community: No

Lot Info

  • Horse Amenities: Horses Allowed, Stable(s)
  • Land Lease: No
  • Lot Size Sq Ft: 219978.0
  • Parcel #: 59ABALCOMRDFOST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8772.0
  • Tax Lot: 22D
  • Tax Map Number: 8
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 12, 2025
Sold by
Singleton Janine M and Singleton Diana L
Bought by
Burr Edmund and Keenan Ashley E
Seller's Agent
Michael Russo
RI Real Estate Services
Buyer's Agent
Chris Tanner
RE/MAX FLAGSHIP, INC.
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
106
Current Estimated Value
$587,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,327
Avg. Annual Appreciation
9.63%
Original Mortgage
$456,300
Outstanding Balance
$454,290
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$159,360

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jun 1, 2023
Sold by
Wahtera Donald J and Wahtera Cheryl
Bought by
Dunn Jessika R and Dunn William H
Seller's Agent
Ashley Walker
Brunet & Company Real Estate
Buyer's Agent
Lisa Carreiro
The Mello Group, Inc.
List Price
$450,000
Sold Price
$473,100
Premium/Discount to List
$23,100
5.13%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.91%
Original Mortgage
$378,480
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $585,000 None Available
Warranty Deed $585,000 None Available
Warranty Deed $473,100 None Available
Warranty Deed $473,100 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $456,300 Purchase Money Mortgage
Closed $456,300 Purchase Money Mortgage
Previous Owner $378,480 Purchase Money Mortgage
Previous Owner $94,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $20,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $585,000 -6.4% $257 / Sq Ft
10/22/2024 10/22/24 For Sale $625,000 +32.1% $274 / Sq Ft
06/01/2023 06/01/23 Sold $473,100 +5.1% $207 / Sq Ft
04/22/2023 04/22/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $450,000 -- $197 / 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 $9,880 $474,300 $128,900 $345,400
2023 $7,882 $347,700 $99,600 $248,100
2022 $7,635 $347,700 $99,600 $248,100
2021 $7,420 $347,700 $99,600 $248,100
2020 $6,809 $286,200 $86,800 $199,400
2018 $6,537 $286,200 $86,800 $199,400
2017 $6,454 $277,600 $86,800 $190,800
2015 $5,946 $277,600 $86,800 $190,800
2014 $5,943 $282,200 $86,800 $195,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1371431

State-Wide MLS

APN: FOST-000008-000000-000007-C000000