NOT LISTED FOR SALE

85 Phillips Ln Chepachet, RI 02814

Estimated Value: $704,964 - $811,000

4 Beds
5 Baths
3,273 Sq Ft
$224/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $550,000 $168 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,488/month

1 Day on Market

Highlights

  • Golf Course Community
  • Cape Cod Architecture
  • Wood Flooring
  • Ponaganset Middle School Rated A-
  • Deck
  • 2 Fireplaces

About This Home

As of October 2022

Welcome Home! This lovely Cape style home has charming features and updates throughout! Enjoy 4 beds, 3 full baths, and 2 half baths. The primary bedroom is on the 1st floor with a soaking tub and walk in shower in the private bath. Brand new kitchen with stainless appliances and Quartz counters, fresh paint throughout, hardwood floors, 2 fireplaces, cast iron baseboards, updated utilities, 5 heating zones, 4 new mini split units for A/C and additional heat, fully finished basement, upper level deck, lower level patio, front porch, landscaped yard, 2 car garage with workshop area, tool shed, and plenty of parking. Walking distance to Glocester Country Club, Private beach access, Golfing, and Waterman Reservoir.

Last Agent to Sell the Property

The Stone Alliance Team

Coldwell Banker Realty Listed on: 08/18/2022

Coldwell Banker Realty

Last Buyer's Agent

Jason Healey

Independent Brks Realty Of RI License #RES.0028873

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,156

Year Built

  • Built in 1940

Lot Details

  • 0.55 Acre Lot
  • Electric Fence

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Fireplace Features Masonry
  • Thermal Windows
  • Family Room
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 018
  • Assessor Parcel Number 85PHILLIPSLANEGLOC

Community Details

Overview

  • Chepachet Subdivision

Amenities

  • Shops

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,156

Year Built

Built in 1940

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Subdivision Name: Chepachet
  • Above Grade Finished Sq Ft: 2473.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1940
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 800.0
  • Fireplace Features: Masonry, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Living Area: 3273.0
  • Dining Room Type: Bathroom, Family Room, Laundry, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Electric
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Built In, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Ductless, Heat Pump, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Golf, Near Schools, Shopping
  • Senior Community: No
  • Association Fee: 50.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23958.0
  • Parcel #: 85PHILLIPSLANEGLOC
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7156.0
  • Tax Block: 000
  • Tax Lot: 018
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Sep 30, 2022
Sold by
Reed and Reed Bowden K
Bought by
Pellegrino Daniel J and Pellegrino Kelly E
Seller's Agent
The Stone Alliance Team
Coldwell Banker Realty
Buyer's Agent
Jason Healey
Independent Brks Realty Of RI
List Price
$529,000
Sold Price
$550,000
Premium/Discount to List
$21,000
3.97%
Views
27
Current Estimated Value
$734,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,741
Avg. Annual Appreciation
9.17%
Original Mortgage
$440,000
Outstanding Balance
$419,359
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$315,382

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 25, 2021
Sold by
Malin Peter T and Malin Jill T
Bought by
T Reed
Seller's Agent
Michaela Herman
Mott & Chace Sotheby's Intl.
Buyer's Agent
The Stone Alliance Team
Coldwell Banker Realty
List Price
$419,000
Sold Price
$456,000
Premium/Discount to List
$37,000
8.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$186,000
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 1, 2012
Closed on
Apr 24, 2013
Sold by
Weber Robert T and Weber Geraldine M
Bought by
Malin Peter T and Malin Jill T
Seller's Agent
Anderson Real Estate Group
HomeSmart Professionals
Buyer's Agent
Carla Zimmerman
LPT Realty
List Price
$339,000
Sold Price
$315,000
Premium/Discount to List
-$24,000
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%
Original Mortgage
$100,000
Interest Rate
3.64%

Purchase Details

Closed on
Aug 6, 2001
Sold by
Kiely Barbara E
Bought by
Weber Robert T and Weber Geraldine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pellegrino Daniel J $550,000 None Available
T Reed $456,000 None Available
Malin Peter T $315,000 --
Weber Robert T $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pellegrino Daniel J $440,000
Previous Owner T Reed $186,000
Previous Owner Weber Robert T $50,000
Previous Owner Malin Peter T $100,000
Previous Owner Weber Robert T $200,000
Previous Owner Weber Robert T $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2022 10/03/22 Sold $550,000 +4.0% $168 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $529,000 +16.0% $162 / Sq Ft
01/27/2021 01/27/21 Sold $456,000 +8.8% $139 / Sq Ft View Prior Sale
12/28/2020 12/28/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $419,000 +33.0% $128 / Sq Ft
04/24/2013 04/24/13 Sold $315,000 -7.1% $105 / Sq Ft View Prior Sale
03/25/2013 03/25/13 Pending -- -- --
04/02/2012 04/02/12 For Sale $339,000 -- $113 / 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 $8,157 $572,000 $129,800 $442,200
2024 $7,928 $572,000 $129,800 $442,200
2023 $8,151 $572,000 $129,800 $442,200
2022 $7,157 $388,100 $80,800 $307,300
2021 $7,157 $388,100 $80,800 $307,300
2020 $7,071 $388,100 $80,800 $307,300
2018 $6,544 $327,200 $66,200 $261,000
2017 $6,325 $320,600 $66,200 $254,400
2016 $6,519 $290,400 $59,800 $230,600
2015 $6,424 $290,400 $59,800 $230,600
2014 $6,322 $290,400 $59,800 $230,600
2013 $5,552 $261,400 $64,600 $196,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1318175

State-Wide MLS

APN: GLOC-000019-000000-000018