NOT LISTED FOR SALE

Estimated Value: $3,068,265

4 Beds
4 Baths
5,156 Sq Ft
$595/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $1,250,000 $242 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $18,584/month

Highlights

  • Marina
  • Water Views
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • 2-minute walk to Jamestown Veterans Park

About This Home

As of December 2020

*Input for sale statistics and appraisal purposes.*

Non-mls listing database posted (December 7th 2019) Contract date 2/06/2020

Rare opportunity to buy a 5 unit apartment building located steps from the water.

Development opportunity to raze existing structure and build new townhomes, condominiums, or single family.

Unobstructed views of Narragansett Bay.

Last Agent to Sell the Property

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 12/24/2020

Last Buyer's Agent

Bob Bailey

Lila Delman Compass License #RES.0027739 Listed on: 12/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,358

Year Built

  • Built in 1935

Lot Details

  • 0.34 Acre Lot

Home Design

  • Fixer Upper
  • Combination Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,156 Sq Ft Home
  • 1-Story Property
  • Water Views

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Parking

  • 8 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 220 Volts
  • 200+ Amp Service
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 181
  • Assessor Parcel Number 63CONANICUSAVJAME

Community Details

Overview

  • 4 Units
  • East Ferry / Village Waterfront Are Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,358

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Subdivision Name: East Ferry / Village waterfront are
  • Above Grade Finished Sq Ft: 5156.0
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Common Water Heater, Oven, Range
  • Owner Pays: Hot Water
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl, Wood
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Other, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Block, Combination, Concrete Perimeter, Slab
  • Patio And Porch Features: Patio
  • Property Condition: Fixer

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14810.0
  • Parcel #: 63CONANICUSAVJAME
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5357.67
  • Tax Lot: 181
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Seath Llc
Bought by
Green Ft and Green
Current Estimated Value
$3,068,265

Purchase Details

Closed on
Mar 21, 2023
Sold by
Seath Llc
Bought by
Orchard Development Llc

Purchase Details

Closed on
Jan 9, 2023
Sold by
Seath Llc
Bought by
Peter M Monti T M and Peter Monti

Purchase Details

Listed on
Dec 24, 2020
Closed on
Dec 21, 2020
Sold by
Greene Gloria G and Cabral Charles E
Bought by
Seath Llc
Seller's Agent
Bob Bailey
Lila Delman Compass
Buyer's Agent
Bob Bailey
Lila Delman Compass
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.13%
Original Mortgage
$650,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2009
Sold by
Costa Francis R
Bought by
Cabral Gloria and Cabral Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.92%
Mortgage Type
Commercial
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
Green Ft $2,599,000 None Available
Green Ft $2,599,000 None Available
Orchard Development Llc $2,849,000 None Available
Orchard Development Llc $2,849,000 None Available
Peter M Monti T M $2,450,000 None Available
Peter M Monti T M $2,450,000 None Available
Seath Llc $1,250,000 None Available
Seath Llc $1,250,000 None Available
Cabral Gloria $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seath Llc $3,880,000
Previous Owner Seath Llc $650,000
Previous Owner Cabral Gloria $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2020 12/24/20 Sold $1,250,000 -10.7% $242 / Sq Ft
12/24/2020 12/24/20 For Sale $1,400,000 -- $272 / 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 $21,420 $3,181,800 $1,471,600 $1,710,200
2023 $21,420 $3,068,800 $1,471,600 $1,597,200
2022 $9,932 $1,462,700 $1,103,700 $359,000
2021 $5,497 $663,900 $482,000 $181,900
2020 $5,358 $663,900 $482,000 $181,900
2019 $5,344 $663,900 $482,000 $181,900
2018 $6,223 $703,200 $460,600 $242,600
2017 $6,090 $703,200 $460,600 $242,600
2016 $6,033 $703,200 $460,600 $242,600
2015 $6,860 $781,300 $538,700 $242,600
2014 $6,836 $781,300 $538,700 $242,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1272282

State-Wide MLS

APN: JAME-000008-000000-000181