NOT LISTED FOR SALE

Estimated Value: $2,333,000 - $4,934,000

3.08 Acres
$1,147,343 Price per Acre
134,165 Sq Ft Lot

Last Sold August 12, 2022

Last sale price $3,650,000 $1,217 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $20,802/month

35 Days on Market

Highlights

  • Marina
  • Water Views
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • 3.08 Acre Lot

About This Lot

As of August 2022

Located in the sought after neighborhood of "The Dumplings" this circa 1925 Summer cottage was originally built for Eugene S. Newbold of Pennsylvania. The contractor and designer was R.G.P. Hull, Jr. Set atop a gentle 3+ acre knoll which rises above Highland Drive has commanding views of the open ocean as well as the entrance to Narragansett Bay, across to Newport and Castle Hill. The existing structure was recently lifted and set upon a new concrete foundation, while retaining the fieldstone fireplace. At this stage it is awaiting a new owner to take on the project to restore this Jamestown classic cottage. The 5-bedroom septic system was replaced in 2001. Additional structures include a detached garage and greenhouse. Enjoy deeded access to Mackerel Cove, and with membership the swimming pier on Dumpling Drive. Truly a must see to appreciate the spectacular views, and exciting boating activity as vessels enter the bay, or the start of the Newport-Bermuda Race from your front lawn.

Last Listed By

Bob Bailey

Compass / Lila Delman Compass License #RES.0027739 Listed on: 06/04/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,157

Year Built

  • 1925

Lot Details

  • 3.08 Acre Lot
  • Level Lot
  • Wooded Lot
  • Finished Lot(s)
  • Property is zoned RR80

HOA Fees

  • $38 Monthly HOA Fees

Property Views

  • Water Views

Home Design

  • Frame Construction

Utilities

  • Underground Utilities
  • Private Water Source
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 75LEDGERDJAME

Community Details

Overview

  • The Dumplings Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Water Access
  • Walking Distance to Water
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$10,157

Year Built

1925

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 3.08
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Subdivision Name: The Dumplings
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0
  • Year Built: 1925

Interior Features

  • Possible Use: Single Family, Residential

Exterior Features

  • Lot Features: Level, Rolling Slope, Wooded
  • Topography: Cleared,Level,Rolling
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Frame
  • Other Structures: Outbuilding

Utilities

  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Connected, Public, Private, Well

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 450.0
  • Association Fee Frequency: Annually

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 134165.0
  • Wooded Area: 15.0
  • Parcel #: 75LEDGERDJAME
  • Zoning Description: Residential
  • Zoning: RR80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 10157.0
  • Tax Lot: 65
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2022
Closed on
Jul 28, 2022
Sold by
Cunningham Stephen M and Cunningham Laura H
Bought by
Minutti Robert and Minutti Elizabeth
Seller's Agent
Bob Bailey
Compass / Lila Delman Compass
Buyer's Agent
Stephen Kirby
List Price
$3,750,000
Sold Price
$3,650,000
Premium/Discount to List
-$100,000
-2.67%
Total Days on Market
35
Current Estimated Value
$3,533,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,185
Avg. Annual Appreciation
-1.18%

Purchase Details

Closed on
Oct 6, 2000
Sold by
Harsch Paul A
Bought by
Cunningham Stephen M and Cunningham Laura

Range of Values:

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Average Value
Not Available
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
Minutti Robert $3,650,000 None Available
Cunningham Stephen M $1,900,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $3,650,000 -2.7% $1,217 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
06/04/2022 06/04/22 For Sale $3,750,000 -- $1,250 / 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 $12,936 $1,804,200 $1,549,900 $254,300
2023 $12,594 $1,804,300 $1,549,900 $254,400
2022 $12,251 $1,804,300 $1,549,900 $254,400
2021 $10,088 $1,218,300 $1,059,500 $158,800
2020 $14,419 $1,786,700 $1,059,500 $727,200
2019 $14,383 $1,786,700 $1,059,500 $727,200
2018 $15,590 $1,761,600 $948,700 $812,900
2017 $15,255 $1,761,600 $948,700 $812,900
2016 $15,115 $1,761,600 $948,700 $812,900
2015 $14,567 $1,659,100 $893,300 $765,800
2014 $14,517 $1,659,100 $893,300 $765,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1312061

State-Wide MLS

APN: JAME-000010-000000-000065