NOT LISTED FOR SALE

Estimated Value: $443,000 - $565,440

3 Beds
1.5 Baths
1,104 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $490,000 $444 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,098/month

10 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Deck
  • Marina
  • Solar Power System
  • Cottage

About This Home

As of May 2023

STUNNING YEAR-ROUND WATERFRONT VIEWS AWAIT YOU! Welcome to MILL COVE on CONIMICUT POINT, located on the edge of NARRAGANSETT BAY! This solar powered 1,100 square foot WATERFRONT cottage-style ranch has 3 Bedrooms and 1.5 Baths. It rests on a quarter acre lot with beautiful water views, including unobstructed views of northern Narragansett Bay - day & night, all year round! Watch the sun rise or set from your roomy 12x28 deck. And stroll the coastline of this classic New England waterfront neighborhood. Just a short walk to the Conimicut Point Recreation Area, complete with fishing spots, picnic areas and a renowned (yet quiet) local beach on the south side of the Point, which includes views across the bay to Barrington, Bristol and the historic Conimicut Point Lighthouse. If boating is your thing, then GREAT! The Shawomet Boat Ramp is nearby too. The paved driveway provides ample parking along with plenty of space to store your boat in the off-season. Sail the bay or enjoy the sun. This quaint one level home could be your summer cottage or year round retirement-style living. No large electricity bills, thanks to solar. No association fees. And no septic or well (Sewer & Water are connected). Replica wood stove and gas fireplace both provide sufficient heat on cold winter nights. This vacation-style home on the water is just another reason to LOVE RHODE ISLAND! So schedule your appointment quickly in this short-supply market... and COME HOME to MILL COVE!

Last Agent to Sell the Property

Donnie Bennett

Blackstone/Ocean Properties License #RES.0034956 Listed on: 03/15/2023

Last Buyer's Agent

Team KEY

KEY Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 1955

Lot Details

  • 10,454 Sq Ft Lot
  • Beach Front

Home Design

  • Cottage
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,104 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views
  • Unfinished Basement
  • Partial Basement
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Eco-Friendly Details

  • Solar Power System
  • Solar Heating System

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 232
  • Assessor Parcel Number 78OLDMILLBLVDWARW

Community Details

Overview

  • Conimicut Point | Mill Cove Subdivision

Recreation

  • Marina
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,986

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Inclusions: Flood Insurance Required
  • Subdivision Name: Conimicut Point | Mill Cove
  • Above Grade Finished Sq Ft: 1104.0
  • Architectural Style: Cabin/Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Green Power: Solar
  • Building Stories: 1
  • Year Built: 1955
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Water Heater
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower
  • Living Area: 1104.0
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • 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: Gas, Other, Solar
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.0
  • Parcel #: 78OLDMILLBLVDWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4986.0
  • Tax Lot: 232
  • Tax Year: 2022

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
May 4, 2023
Sold by
Clarke Bernice
Bought by
Valentine Phillip A and Valentine Sandra E
Seller's Agent
Donnie Bennett
Blackstone/Ocean Properties
Buyer's Agent
Team KEY
KEY Real Estate Services
List Price
$450,000
Sold Price
$490,000
Premium/Discount to List
$40,000
8.89%
Views
160
Current Estimated Value
$507,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,608
Avg. Annual Appreciation
1.77%
Original Mortgage
$300,000
Outstanding Balance
$291,062
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$222,798
Source: Public Records
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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
Valentine Phillip A $490,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine Phillip A $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2023 05/04/23 Sold $490,000 +8.9% $444 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $450,000 -- $408 / 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 $5,645 $444,500 $232,700 $211,800
2024 $5,600 $387,000 $202,300 $184,700
2023 $5,449 $384,000 $202,300 $181,700
2022 $4,986 $266,200 $130,700 $135,500
2021 $4,986 $266,200 $130,700 $135,500
2020 $4,986 $266,200 $130,700 $135,500
2019 $4,986 $266,200 $130,700 $135,500
2018 $4,557 $219,100 $130,700 $88,400
2017 $4,435 $219,100 $130,700 $88,400
2016 $4,435 $219,100 $130,700 $88,400
2015 $5,237 $252,400 $179,300 $73,100
2014 $5,063 $252,400 $179,300 $73,100
2013 $4,995 $252,400 $179,300 $73,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1331503

State-Wide MLS

APN: WARW-000334-000232-000000