98 Locust Ave Portsmouth, RI 02871
South Portsmouth Neighborhood
3
Beds
2.5
Baths
2,977
Sq Ft
0.75
Acres
Highlights
- Marina
- Golf Course Community
- Colonial Architecture
- Portsmouth High School Rated A-
- Wine Cellar
- Wood Flooring
About This Home
As of December 2024First time to market in over 50 years! Welcome to Watson Farm circa 1850.This carefully restored center-chimney colonial blends classic charm with modern conveniences.This handsome antique property has been lovingly cared for by the owner of 57 years. Enter thru the oversized mudroom to fully updated kitchen with original pine floors, custom cabinetry and the finest stainless appliances. The kitchen is also home to one of 6 working fireplaces with sitting area and dining table.A cozy sunroom overlooks stonewalls, an English garden with roses,6 specimen trees and a lovely outbuilding with its own fireplace. A conveniently located butler's pantry with glass built-ins and copper sink is functional and perfect for entertaining. Formal dining and living rooms with respective fireplaces lead to a home office and the den/keeping room with a wall of buit-ins. A powder room completes this level.Second floor consists of a primary bedroom with working fireplace, a with walk-in closet/dressing area and separate sitting room with built-in shelves. There's 2 additional bedrooms and 2 full baths on this level.Full walk-up attic in house and over garage offers plenty of storage and expansion possibilities. Some updates include restored windows by Newport Restoration, young roof, new heating system and central air. This meticulously maintained home is a blend of timeless elegance while seamlessly integrating today's busy lifestyle.
Last Agent to Sell the Property
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 Listed on: 09/03/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,253
Year Built
- Built in 1850
Lot Details
- 0.75 Acre Lot
- Property is zoned R20
Parking
- 4 Car Attached Garage
Home Design
- Colonial Architecture
- Stone Foundation
- Wood Siding
- Shingle Siding
- Clapboard
- Plaster
Interior Spaces
- 2,977 Sq Ft Home
- 2-Story Property
- Wet Bar
- Skylights
- 6 Fireplaces
- Fireplace Features Masonry
- Wine Cellar
- Workshop
- Storage Room
- Utility Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Permanent Attic Stairs
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Home Security
- Security System Owned
- Storm Doors
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Oil
- 200+ Amp Service
- Electric Water Heater
- Septic Tank
- Cable TV Available
Additional Features
- Outbuilding
- Property near a hospital
Listing and Financial Details
- Tax Lot 192
- Assessor Parcel Number 98LOCUSTAVPORT
Community Details
Overview
- Valley View Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2024
Closed on
Dec 27, 2024
Sold by
Philip F Pelletier Irt and Pelletier
Bought by
Mckean Lucas
Seller's Agent
Dina Karousos
Gustave White Sotheby's Realty
Buyer's Agent
Erin Moitoza
Anchor & Hope Real Estate LLC
List Price
$998,000
Sold Price
$920,000
Premium/Discount to List
-$78,000
-7.82%
Views
169
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,718
Avg. Annual Appreciation
8.28%
Original Mortgage
$552,000
Outstanding Balance
$549,611
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$420,780
Purchase Details
Closed on
Sep 11, 2023
Sold by
Pelletier Philip F
Bought by
Philip F Pelletier Irt and Pelletier
Similar Homes in Portsmouth, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $920,000 | None Available | |
| Deed | $920,000 | None Available | |
| Deed | $920,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $552,000 | Purchase Money Mortgage | |
| Closed | $552,000 | Purchase Money Mortgage | |
| Previous Owner | $300,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $150,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2024 12/27/24 | Sold | $920,000 | -7.8% | $309 / Sq Ft |
| 12/07/2024 12/07/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $998,000 | -- | $335 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $8,252 | $626,100 | $193,400 | $432,700 |
| 2023 | $8,002 | $626,100 | $193,400 | $432,700 |
| 2022 | $6,680 | $429,300 | $178,000 | $251,300 |
| 2021 | $6,573 | $429,300 | $178,000 | $251,300 |
| 2020 | $6,470 | $429,300 | $178,000 | $251,300 |
| 2019 | $7,844 | $478,300 | $132,400 | $345,900 |
| 2018 | $7,638 | $478,300 | $132,400 | $345,900 |
| 2017 | $7,375 | $478,300 | $132,400 | $345,900 |
| 2016 | $6,552 | $409,500 | $128,200 | $281,300 |
| 2015 | $6,470 | $409,500 | $128,200 | $281,300 |
| 2014 | $6,470 | $409,500 | $128,200 | $281,300 |
Source: Public Records
Agents Affiliated with this Home
-
Dina Karousos
Seller's Agent in 2024
Dina Karousos
Gustave White Sotheby's Realty
(401) 849-3000
48 in this area
219 Total Sales
-
Erin Moitoza
Buyer's Agent in 2024
Erin Moitoza
Anchor & Hope Real Estate LLC
(401) 595-0696
3 in this area
33 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1367563
APN: PORT-000051-000000-000192
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