NOT LISTED FOR SALE

60 Balsam Rd Wakefield, RI 02879

Estimated Value: $506,000 - $568,000

2 Beds
1 Bath
672 Sq Ft
$795/Sq Ft Est. Value

Last Sold March 21, 2019

Last sale price $262,500 $391 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,181/month

21 Days on Market

Highlights

  • Marina
  • Deck
  • Cottage
  • Water Access
  • Tennis Courts
  • Tankless Water Heater

About This Home

As of March 2019

Big things really do come in small packages ! The "Seashell Cottage" packs a punch ..whether its a year round home, a vacation spot or an investment property, this 2 bedroom, 1 bath well kept home works for all. The recently remodeled kitchen has quartzcountertop , subway backsplash w/glass tile accents. The updated bathroom has a custom tiled shower . Everything from the wall colors to the window treatments have a relaxed ,beachy feel. A full , dry basement is an excellent spot for storing items that wont fit in the backyard shed or finish it off for additional living space. The ultimate warm weather entertaining spot is the extra large backyard deck. Relax on the deck after a day at the beach have a rinse in the outdoor shower and look onto the back yard garden beds that are not only pretty but act as a wonderful rear buffer .New replacement windows and storm doors help w/heating costs. Located in the Ocean Ridge Association neighborhood, enjoy access to Green Hill Pond and the association pavilion and kayak rack. Minutes to ocean beaches and area restaurants , cant ask for much more !

Last Agent to Sell the Property

Christine Holden

Residential Properties Ltd. License #RES.0027981 Listed on: 01/28/2019

Residential Properties Ltd.

Last Buyer's Agent

Louis Demascole

Residential Properties Ltd. License #RES.0040446

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,150

Year Built

  • Built in 1975

Lot Details

  • 4,792

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Cottage
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Septic Tank

Additional Features

  • Low Pile Carpeting
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number 60BALSAMRDSKNG

Community Details

Overview

  • Ocean Ridge Subdivision

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,150

Year Built

Built in 1975

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Subdivision Name: Ocean Ridge
  • Above Grade Finished Sq Ft: 672.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1975
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Accessibility Features: Low Pile Carpet
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Bathtub
  • Living Area: 672.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Water Access
  • Construction Type: Plaster, Clapboard, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Recreation Area, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 60.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 60BALSAMRDSKNG
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3150.0
  • Tax Lot: 79
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
Mar 21, 2019
Sold by
Reith Thomas T and Reith Deborah P
Bought by
Palumbo Gail L
Seller's Agent
Christine Holden
Residential Properties Ltd.
Buyer's Agent
Louis Demascole
Residential Properties Ltd.
List Price
$269,500
Sold Price
$262,500
Premium/Discount to List
-$7,000
-2.6%
Current Estimated Value
$534,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,746
Avg. Annual Appreciation
11.50%
Original Mortgage
$210,000
Outstanding Balance
$184,626
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$349,620

Purchase Details

Listed on
Mar 19, 2016
Closed on
Aug 12, 2016
Sold by
Sinagra Vincent A and Sinagra Elise W
Bought by
Reith 2Nd Thomas T and Reith Deborah P
Seller's Agent
Josiane Schieldrop
WATERFRONT PROPERTIES
Buyer's Agent
Christine Holden
Randall Realtors Real Living
List Price
$239,900
Sold Price
$222,500
Premium/Discount to List
-$17,400
-7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$178,000
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2000
Sold by
Smith Pamela K
Bought by
Sinagra Vincent A and Sinagra Elise W

Purchase Details

Closed on
Oct 20, 1988
Sold by
Ford George
Bought by
Smith Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
10.48%
Source: Public Records

Range of Values:

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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
Palumbo Gail L $262,500 --
Reith 2Nd Thomas T $222,500 --
Sinagra Vincent A $94,000 --
Smith Pamela $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbo Gail L $210,000
Previous Owner Smith Pamela $178,000
Previous Owner Smith Pamela $73,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2019 03/21/19 Sold $262,500 -2.6% $391 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $269,500 +21.1% $401 / Sq Ft
08/12/2016 08/12/16 Sold $222,500 -7.3% $331 / Sq Ft
07/13/2016 07/13/16 Pending -- -- --
03/19/2016 03/19/16 For Sale $239,900 -- $357 / 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 $4,124 $461,300 $282,600 $178,700
2024 $3,790 $343,000 $217,300 $125,700
2023 $3,790 $343,000 $217,300 $125,700
2022 $3,756 $343,000 $217,300 $125,700
2021 $3,240 $224,200 $132,800 $91,400
2020 $3,240 $224,200 $132,800 $91,400
2019 $3,240 $224,200 $132,800 $91,400
2018 $3,150 $200,900 $122,600 $78,300
2017 $3,076 $200,900 $122,600 $78,300
2016 $3,032 $200,900 $122,600 $78,300
2015 $2,936 $189,200 $111,500 $77,700
2014 $2,929 $189,200 $111,500 $77,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1213872

State-Wide MLS

APN: SKIN-008302-000000-000079