NOT LISTED FOR SALE

997 Grace Cove Rd New Shoreham, RI 02807

Estimated Value: $1,749,000 - $2,221,000

2 Beds
1 Bath
768 Sq Ft
$2,575/Sq Ft Est. Value

Last Sold August 25, 2014

Last sale price $1,250,000 $1,628 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $13,423/month

84 Days on Market

Highlights

  • Beach Front
  • Wood Flooring
  • No Heating
  • Water Access
  • Wood Siding

About This Home

As of August 2014

Magical, timeless, quiet beauty all from this rare waterfront lot waiting for a dreamer to build their own sanctuary away from the distractions of everyday life. Enjoy sunsets from your deck or on Grace's Cove beach. Simple pleasures await!

Last Agent to Sell the Property

Wendy Crawford

Lila Delman Compass License #RES.0028187 Listed on: 05/02/2014

Lila Delman Compass

Last Buyer's Agent

Gail Heinz

Sullivan Sotheby's Intl.Realty License #RES.0015359

Sullivan Sotheby's Intl.Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,554

Year Built

  • Built in 1960

Lot Details

  • 2.1 Acre Lot
  • Beach Front
  • Property is zoned RA

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2 Bedrooms
  • 768 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Water Views

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Outbuilding

Utilities

  • No Cooling
  • No Heating
  • Electricity Not Available
  • Water Not Available
  • No Hot Water
  • Septic Tank

Community Details

  • Grace's Cove Subdivision

Listing and Financial Details

  • Tax Lot 132
  • Assessor Parcel Number 997GRACECOVERDNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,554

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 2.1
  • Subdivision Name: GRACE'S COVE
  • Above Grade Finished Sq Ft: 768.0
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1960
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: No Hot Water
  • Has Basement: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 768.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Water Access, Waterfront, Walk to Water
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None, Other
  • Heating Yn: No
  • Electric: None
  • Sewer: Septic Tank
  • Utilities: Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 91476.0
  • Parcel #: 997GRACECOVERDNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9554.0
  • Tax Lot: 132
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2014
Closed on
Aug 25, 2014
Sold by
Nipps Roland and Nipps Karen
Bought by
Masiello Mark L and Masiello Christiane C
Seller's Agent
Wendy Crawford
Lila Delman Compass
Buyer's Agent
Gail Heinz
Sullivan Sotheby's Intl.Realty
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Current Estimated Value
$2,343,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,093,347
Avg. Annual Appreciation
5.57%
Source: Public Records

Range of Values:

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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
Masiello Mark L $1,250,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2014 08/25/14 Sold $1,250,000 -16.7% $1,628 / Sq Ft
07/26/2014 07/26/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $1,500,000 -- $1,953 / 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 $7,861 $1,424,100 $1,381,400 $42,700
2023 $8,573 $1,424,100 $1,381,400 $42,700
2022 $8,362 $1,181,120 $1,147,360 $33,760
2021 $7,914 $1,181,120 $1,147,360 $33,760
2020 $7,512 $1,181,120 $1,147,360 $33,760
2019 $7,276 $1,181,120 $1,147,360 $33,760
2018 $7,012 $1,178,480 $1,147,360 $31,120
2017 $6,906 $1,178,480 $1,147,360 $31,120
2016 $6,741 $1,178,480 $1,147,360 $31,120
2015 $10,100 $1,833,000 $1,792,800 $40,200
2014 $9,788 $1,833,000 $1,792,800 $40,200
2013 $9,554 $1,833,700 $1,792,800 $40,900
Source: Public Records

Agents Affiliated with this Home

  • Wendy Crawford

    Seller's Agent in 2014

    Wendy Crawford

    Lila Delman Compass

    (401) 714-1999

    32 Total Sales

    Section Image
  • Gail Heinz

    Buyer's Agent in 2014

    Gail Heinz

    Sullivan Sotheby's Intl.Realty

    (401) 741-0149

    27 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1066546

State-Wide MLS

APN: BLOC-000015-000000-000132

Rhode Island Washington County New Shoreham 02807

997 Grace Cove Rd, New Shoreham, RI

This home is located at 997 Grace Cove Rd, New Shoreham, RI 02807 since 02 May 2014 and is currently estimated at $1,977,756, approximately $2,575 per square foot. This property was built in 1960. 997 Grace Cove Rd is a home located in Washington County with nearby schools including Block Island School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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