NOT LISTED FOR SALE

Estimated Value: $261,000 - $315,000

2 Beds
1 Bath
704 Sq Ft
$396/Sq Ft Est. Value

Last Sold September 22, 2017

Last sale price $85,000 $121 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $2,126/month

15 Days on Market

Highlights

  • Beach Access
  • Cottage
  • Window Unit Cooling System
  • Wood Flooring
  • Recreation Facilities
  • Bathtub with Shower

About This Home

As of September 2017

Enjoy the wonderful breezes from Rhode Island’s best known gem, Narragansett Bay in your new Gaspee Point Home! This can be a year-round or seasonal cottage with a 3-5 minute walk to the seaside beaches. Gaspee Point is a historic, private community. This is a great opportunity for a starter home, retirement nest, or for weekend getaways! A birders paradise with nesting osprey, a significant corridor for migrating birds and wintering seabirds, the Gaspee Point Neighborhood allows you to also take advantage of direct access to fishing, kayaking, and beach-combing minutes from the cottage. This cottage is a quaint home in a private community, featuring newer kitchen and windows, renovated living room 1st floor master bedroom with generous upstairs living area and bedroom. Full bath is located on lower level with plenty of room for your daily needs. There is also a private fenced backyard with plenty of space for pets, gardening or relaxing. This cottage home is located on "leased land". Monthly dues are $91 for recent sewer installation at the entire community and $306 for maintenance of common areas, trash services, and access to the beaches. This is a very well managed community with residents comfort-ability in their homes and lifestyles always coming 1st! COME JOIN THE LIFESTYLE AND ENJOY THE SERENITY OF LIVING IN A BEACH COMMUNITY! NO FLOOD INSURANCE NEEDED, LOW TAXES AND A LIST PRICE THAT IS AFFORDABLE ON MANY BUDGETS, THIS COULD BE YOURS. CALL FOR A SHOWING!

Last Agent to Sell the Property

John Anderson

BHHS Commonwealth Real Estate License #RES.0035347 Listed on: 09/06/2017

BHHS  Commonwealth Real Estate

Last Buyer's Agent

Jack Silberman

Blue Star Properties License #REB.0016706

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1935

Lot Details

  • Land Lease

HOA Fees

  • $405 Monthly HOA Fees

Home Design

  • Cottage
  • Aluminum Siding

Interior Spaces

  • 704 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 87Lane2NoneWARW

Community Details

Overview

  • Gaspee Point Subdivision

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,350

Year Built

Built in 1935

Lot Details

0

HOA Fees

$405 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 704.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Tub Shower
  • Living Area: 704.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Aluminum Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Recreation Area
  • Senior Community: No
  • Association Fee: 405.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 87Lane2NoneWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1350.0
  • Tax Lot: 58
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2012
Closed on
Mar 1, 2013
Sold by
Perfetto Jasmine D
Bought by
Case Marshal T
Seller's Agent
Patricia Lally
RE/MAX Professionals
Buyer's Agent
John Anderson
BHHS Commonwealth Real Estate
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$278,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,467
Avg. Annual Appreciation
11.96%
Original Mortgage
$58,500
Outstanding Balance
$40,789
Interest Rate
3.43%
Estimated Equity
$237,678

Purchase Details

Closed on
Oct 21, 2011
Sold by
Picozzi David S and Perfetto Jasmine D
Bought by
Perfetto Jasmine D

Purchase Details

Closed on
Dec 31, 2008
Sold by
Peterson Robert and Peterson Carol
Bought by
Picozzi Colleen P
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
Case Marshal T $65,000 --
Perfetto Jasmine D -- --
Picozzi Colleen P $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Picozzi Colleen P $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2017 09/22/17 Sold $85,000 -10.3% $121 / Sq Ft
09/06/2017 09/06/17 For Sale $94,800 +45.8% $135 / Sq Ft
02/28/2013 02/28/13 Sold $65,000 -7.0% $92 / Sq Ft View Prior Sale
01/29/2013 01/29/13 Pending -- -- --
11/07/2012 11/07/12 For Sale $69,900 -- $99 / 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 $3,174 $249,900 $0 $249,900
2024 $1,865 $128,900 $0 $128,900
2023 $1,829 $128,900 $0 $128,900
2022 $1,212 $64,700 $0 $64,700
2021 $1,212 $64,700 $0 $64,700
2020 $1,212 $64,700 $0 $64,700
2019 $1,212 $64,700 $0 $64,700
2018 $1,383 $66,500 $0 $66,500
2017 $1,346 $66,500 $0 $66,500
2016 $1,346 $66,500 $0 $66,500
2015 $1,054 $50,800 $0 $50,800
2014 $1,019 $50,800 $0 $50,800
2013 $1,005 $50,800 $0 $50,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1172645

State-Wide MLS

APN: WARW-000305-000058-009687