East Bay Homes | September 2019

n Why fall is great for buyers . . . . . . . . 5 n An East Bay tour of the ‘average’ family home. . . . . . . . . . . . . . 6 n The condo market in this region. . . 13

A supplement to East Bay Newspapers • September 11-12, 2019

Page 2 East Bay Homes September 11-12, 2019

R H O D E I S L A N D ’ S R E A L E S TAT E C O M PA N Y 450 Poppasquash Road Bristol $1,995,000 401.245.9600

11 Shore Road Bristol $1,995,000 401.245.9600

See the Video Tour at 450PoppasquashRoad.com

See the Video Tour at 11ShoreRoad.com

RESIDENTIAL

PROPERTIES

2 Cranberry Court Barrington $819,000 401.245.9600

5 College Lane Barrington $749,000 401.245.9600

1 Sandy Point Road Barrington $739,000 401.245.9600

53 Viking Drive Bristol $649,000 401.245.9600

10 Governor Bradford Drive Barrington $599,900 401.245.9600

352 Nayatt Road Barrington $549,000 401.245.9600

See the Video Tour at 53Viking.com

®

See the Video Tour at 10Governor.com

259 County Road Barrington, RI

East Bay Homes September 11-12, 2019 Page 3

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Page 4 East Bay Homes September 11-12, 2019

Housing market remains strong over the summer

LEFT

Find more photos at eastbayri.com 24/7

Single-family monthly comparisons

Properties Sold Days on Market Median Price Total Listings Avg. Sold price

Dean deTonnancourt, president of the Rhode Island Association of Realtors, says new rules for lending to condo buyers should spur more sales in that market.

TYPOLD EXTENDED MEDIUM

ALIGNMENT

© 2018 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. It is your responsibility to ensure that the marketing materials you choose or create are compliant with real estate and other local laws in your area.

Single-family home sales rose 10 percent from July 2018 to July 2019, while the median price of those sales increased 6.5 percent to $297,500, according to sales data released recently by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service.

While sales and prices continue to climb, the market remains constricted by low inventory. The number of homes for sale last month fell 10.6 percent from the prior year, leaving a 4.1-month supply of homes for sale, nearly two months less than what most industry experts consider a balanced market.

In the condominium market, sales decreased marginally, while prices continued to rise. The median price

TYPOGRAPHY

of a condo last month reached

JULY 2018 1,054 46 $279,450 4,058 $355,173

$240,000, the highest monthly median sales price in that sector in the past eight years.

New Federal Housing Administration loan policies for condos have been finalized by the Department of Housing and Urban Development and will go into effect in mid-October. The new guidance extends certifications from two to three years, allows for single-unit mortgage approvals, provides more flexibility with owner/occupancy ratios, and increases the allowable number of FHA loans in a single project.

“Condos are a great alternative for

JULY 2019 1,159 60 $297,500 3,629 $364,932

CHANGE 10% 30% 6% -11% 2.75%

first-time homeowners but until now, those buyers were hampered by cumbersome lending requirements. The new rules should help spark increased sales activity in that market,” said Dean deTonnancourt, president of the Rhode Island Association of Realtors.

Multifamily home sales rose 18.7 percent in July from the prior year, while the median sales price increased 8 percent, to $270,000.

Multifamily home sales began to slow at the end of last year, but prices have risen steadily since December of 2014.

Topsail Realty Company Name

Thinking About Selling or Buying?

Work with an agent who will make YOU his main priority!

Your Goals.

My Passion. Let’s Talk.

Ryan M. Fonseca Associate Broker

401-489-0065

www.sellingwithryan.com

20 C H A R AC T E R L I M I T

4.3.18 35

Call

April Daquay GRI, CBR, SRES

Specialist in housing needs of 50+ age group Many clients looking to rent or purchase. Call to List.

Sales, Rental Specialist since 1992 508-496-3587 Call or Text adaquay@gmail.com

East Bay Homes September 11-12, 2019 Page 5

Why fall can be a great market for buyers L Here come the holidays

et’s face it, the fall market usually gets a bad rap. The majority of buyers assume they’ll be unable to find a house that fits their needs during the fall; hence the mad rush during the summer.

However, this couldn’t be further from the truth.

Here are four reasons why a buyer should disregard the myths, and make a Paula fall real estate purMARTEL chase.

Not only are sellers tired after an unsuccessful summer, the holidays are looming. The majority are aware that if they want to be settled in time for the holiday season, they have to close quickly. Buyers can use this time crunch to their advantage.

Good time for furnishing After settling, furnishing the house is next on a buyer’s list. Fortunately, December proves to be an ideal time to purchase large ticket items. According to Consumer Reports, appliances like refrigerators, stoves, washers and dryers are at their very cheapest. Buyers can also snag great deals on furniture and home decor during an end-of-year sale.

If you’re serious about moving, there’s no reason to wait until the spring. With just a little patience and persistence, you can be in your dream home before the start of the New Year!

The realty market clears out as soon as the weather turns crisp. The majority of warm-weather buyers have already found a home, meaning a fall buyer will have less competition for the available houses on the market that spark their interest.

Let’s make a deal

makes for one tired seller. After months of no action, lingering summertime sellers are more than ready

WORDMARK + DBA D R AW I N G

Countless showings and no offers,

I’ll help you fall in love with a new home — like these recent sales!

to make a deal. This puts the buyer in a prime position to negotiate a price that more than fits their budget.

LEFT

ALIGNMENT

TYPOLD EXTENDED MEDIUM

Paula Martel is the broker manager of Century 21 Topsail. © 2018 Century 21 Real Estate LLC. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. It is your responsibility to ensure that the marketing materials you choose or create are compliant with real estate and other local laws in your area.

Less competition

TYPOGRAPHY

Topsail Realty Company Name

20 C H A R AC T E R L I M I T

CENTURY 21 ® Global Rebrand

Your home may be worth more than you think, call me today for a free market analysis

4.3.18 35

220 TEABERRY LANE, TIVERTON, RI - 4 bed, 3.5 bath 2700+ sq ft Custom Built Colonial in sought after Winterbury Woods! Exceptionally well thought out design offers formal & casual spaces with attention to details throughout. Bordered by conservation land, this home is 5 minutes to Tiverton 4 Corners, 3 miles to the local beach & 5 miles to RT 24 with easy commute to Boston/Providence/Newport. Offered at $649,000

Deb Plant Michaela Farley Massey 401-338-2533 Award-winning real estate agent

Realtor® RI & MA 401.451.8293 DebPlant1@yahoo.com

Page 6 East Bay Homes September 11-12, 2019

What’s the ‘average’ family home cost in the East Bay? Depending on where you choose to live — Barrington for the schools, Warren for the value, Bristol for the charm, Tiverton for the pastoral vistas — the price of the “average” family home can

vary widely. Following are examples of recent sales throughout the East Bay of the “average” home for the average American family, with 4 bedrooms and between 2,000 and 3,000 square feet.

Barrington Woodhaven Road – $819,000

Barrington Heritage Road – $550,000

This well-maintained Colonial in the Hampden Meadows area of town has recent upgrades, like a newly painted exterior, new fencing and a young roof, to go with a spacious master suite, a lovely screened-in porch, an in-ground pool and a half-acre of land.

Seller’s agent: Susan Kostas, Coldwell Banker

This updated Colonial is in the Nayatt part of Barrington, with a new, lightfilled kitchen, lots of storage, a larger master suite with fireplace and bathroom — and even a third floor with a potential fifth bedroom, playroom and home office. The lower level is equipped with a new gym, playroom and arts and crafts area, and the home includes central air, and the property has a sprinkler system and oversized garage.

Seller’s agent: Midge Berkery, Mott & Chace Sotheby’s

You concentrate on life, we’ll get the mortgage part done.

• • • • • •

First-Time Homebuyer Program Construction/Rehab Loans Conventional loan financing Credit education VA/FHA Loans Jumbo Loans

Call 401.233.4700 to set up an appointment with one of our mortgage specialists, or visit navigantcu.org/mortgage to learn more.

Federally insured by NCUA

NMLS#462987

East Bay Homes September 11-12, 2019 Page 7

The ‘average’ family home Bristol Sefton Drive – $433,500

Nicki Tyska 401-297-5174 nickityska@gmail.com

A community leader, a trusted Realtor

This Colonial in the Annawamscutt neighborhood has central air, first-floor laundry, an updated kitchen with gorgeous Quartz countertops and island, a large backyard and stone patio and a fully-fenced yard. A private wing on the first floor includes a guest or in-law suite with bedroom, bathroom and den. The second floor includes a master suite with true walk-in closet.

Seller’s agent: Sharon Gordon, Century 21 Topsail See the Video Tour at 228 Rumstick.com

66 Alfred Drown Rd Barrington $955,000

See the Video Tour at 66AlfredDrown.com

228 RUMSTICK ROAD - BARRINGTON, RI 6 Beds

|

4.1 Baths

KERRI PAYNE

|

$1,295,000

| 401.837.0325

kpayne@residentialproperties.com

TED FRIEDMAN | 401.864.0269

tfriedman@residentialproperties.com

K E R R I PAY N E 4 0 1 . 8 3 7. 0 3 2 5

kpayne@residentialproperties.com

Page 8 East Bay Homes September 11-12, 2019

The Southcoast’s Leading Brokerage of Distinctive Properties

South Dartmouth $1,795,000 Alice Petersen, Donna Horrocks, Sarah Meehan, Christine Burgess, Patty Peelen, Roberta Burke, Margo Choquette Molly Pace, Christopher Hiller, Kevin Quinn, Erin Hovan, Collette Lester, Jeanne McGlone, Grace Rowe, Nina Weeks and Maggie Tomkiewicz. Front: William Milbury, Broker/Owner.

Westport $1,295,000 “Serendipity” This crisp, cedar-shingles home is a fine example of contemporary New England architecture. Set amid 4+/- acres of pristine pastoral land, including an additional buildable 1.4 acre lot, Serendipity is surrounded by hundreds of conserved acres.

Custom built in 2008 and located just minutes from beaches and harbor.

Contact Will Milbury 508.525.5200

Westport $1,950,000 Long meandering lane leads to this waterfront estate with dock.

Lovingly renovated antique Colonial on 23 acres overlooking the Westport River.

Privacy and nature abound . . . the ultimate retreat.

Contact Will Milbury 508.525.5200

Sophisticated seaside living at its best! Shingled home with captivating water views from every room. Wraparound decks, screened porch with fireplace and stone stairs to water’s edge. Launch your canoes/kayaks from your own backyard. Minutes to Village shops. Contact Will Milbury 508.525.5200 or Sarah Meehan 508.685.8926.

Westport $629,000 2.5 Acre private haven surrounded by scenic woodlands in rustic Westport. Built as a barn, the home was redesigned in 2015 to feature an inviting open floor plan, wood floors with radiant heat and high ceilings. . . a sophisticated home in the country.

Contact Will Miulbury 508.525.5200 or Margo Choquette 504.259.2683

Westport $595,000 New England Farmhouse. Currently set up as a three-bedroom house with two-bedroom guest apartment. Barn with studio. Minutes to beaches.

Contact Will Milbury 508.525.5200

For more information on these and other distinctive properties, please call us at 508.997.7400 MILBURYRE.COM

304 Elm Street . South Dartmouth . Massachusetts 02748

East Bay Homes September 11-12, 2019 Page 9

582 Warren Avenue, East Providence,RI

Serving East Providence & Surrounding Areas Since 1975

www.mateusrealty.net

THE EXPERIENCE MAKES THE DIFFERENCE

Since 1975 , Mateus Realty has been helping families like yours buy and sell their homes. Mateus Realty understands the market and the emotion that comes with buying or selling a home, whether you are a first time home buyer in need of some guidance, a growing family looking to expand, or a senior looking to downsize.

Our goal is to provide personalized service, professional advice from the beginning of the transaction, to a successful closing. Luis Mateus is personally involved in every single transaction.

A Sign of Success & A Name You Can Trust

Buying or Selling CALL 401-434-8399 Falamos Potuguês • www.mateusrealty.net

Page 10 East Bay Homes September 11-12, 2019

— The ‘average’ family home — Warren Locust Terrace – $638,800

Portsmouth Stonegate Drive – $705,000

This may not be the “average” 4-bedroom Colonial in Warren, as it enjoys a waterfront perch along the Warren River, directly across from Barrington’s Adams Point. It is also steps away from the East Bay Bike Path. The home has been updated and features a bright, open and airy layout, sparkling hardwoods, two master bedrooms with gorgeous water views, a screened-in pergola — AND a private mooring and sandy beachfront.

At nearly 3,400 square feet, this Portsmouth Colonial is slightly larger than the “average,” but it hits the mark in all other areas. The four-bedroom home backs up to Quonset View Farm in a pastoral area of town, with a very private lot. In addition to a modern, open kitchen and living area, the home boasts a wraparound porch, an in-ground pool, a seven-zone heating system, large bedrooms and bathrooms, and a large media bonus room.

Seller’s agent: Julie Vargas, Century 21 Topsail

Seller’s agent: Tara Higgins, Keller Williams Newport

END OF CUL-DE-SAC

CHARACTER & CHARM

BRISTOL: Contemporary, 3 bed 2.5 bath, 1850 sq. ft. Lovely w/large KIT & dining, hardwoods, gas FP, deck, patio, master & manicured yard.

Fabulous neighborhood! $379,000

Cathy Sousa • 401-474-8306

WARREN: Victorian, 6 bed 3.5 bath, 3237 sq. ft. Magnificent! Foyer, living w/fireplace & built-ins, EIK, family room, master, bonus rooms on 3rd & screened porch. Beautifully landscaped! $489,000

Cathy Sousa • 401-474-8306

East Bay Homes September 11-12, 2019 Page 11

— The ‘average’ family home — Tiverton Morning Dove – $470,000

Westport Hixbridge Road – $665,000

This home in south Tiverton sits in a peaceful, country setting on nearly two acres of land. With an open floor plan, center island, French doors to a deck and private backyard, mudroom and master suite with a dressing room with a large closet, plus an oversized walk-in closet that could be used as a den, office or nursery, this home checks all the marks for the modern family.

This charming, period home is set on high, overlooking the Westport River. It offers mesmerizing water views from nearly all rooms, a spacious living room, a first-floor master bedroom and bathroom, and an enormous wraparound porch. The property includes nearly two acres, a detached two-car garage, stone walls and rolling lawns down to the water.

Seller’s agent: James Holland, T.L. Holland Agency

Seller’s agent – William Milbury, Milbury and Company

729 Hope Street Bristol, R I 02809 Office: 401-254-1900

Main Road, Tiverton RI Asking $975,000

1471 Main Road Tiverton, R I 02878 Office: 401-625-5878

Coddington Wharf, Newport RI Asking $805,000

www.C21Topsail.com

84 Broadway Newport, R I 02840 Office: 401-849-9192

Hope Street, Bristol RI Asking $1,295,000

Page 12 East Bay Homes September 11-12, 2019

The Condo Market – A look at recent sales Warren – Oyster Point

PHOTO COURTESY OF RESIDENTIAL PROPERTIES

Sold for: $490,000 Beds: 3

Baths: 3.5 Sq. ft.: 2,807

This end unit in the Oyster Point complex has an open floor plan, vaulted ceilings, a private patio, laundry on the first floor, a bedroom and bathroom on the first floor, and a lower level with a playroom, family room, bathroom and ample storage. It’s one of the more spacious townhouses in the East Bay.

Seller’s agent: Laura Fletcher, Residential Properties

Bristol – North Farm

PHOTO COURTESY OF RESIDENTIAL PROPERTIES

Sold for: $329,000 Beds: 2

Baths: 1.5 Sq. ft.: 1,271

This unit is located in the popular North Farm complex near the Audubon center in northern Bristol. The main level has an open floor plan, and the unit includes a private deck off the back. North Farm residents have access to an in-ground pool, tennis courts, a private beach and dock, and a yacht club that can be used for large gatherings and events.

Seller’s agent: Lisa Schryver, Residential Properties

Lic #A3312

Residential & Commercial

Electrical Contractor

• Multi family fire alarm systems • Electrical service replacements • Residential & commercial wiring applications

Automatic & Manual Standby Generator Systems Call for a Quote Today!

Phone: 401-253-0296 • Cell: 401-640-6948 • Fax: 401-396-9986

East Bay Homes September 11-12, 2019 Page 13

The Condo Market – A look at recent sales Bristol – The Belvedere

Sold for: $625,000 Beds: 2

Tiverton – Villages on Mt. Hope Bay

Baths: 2 Sq. ft.: 1,709

Sold for: $445,000 Beds: 2

This condo sits within the historic and renovated Belvedere, in the heart of downtown Bristol. The modern unit features a kitchen island, an open living area, elevated views of Bristol Harbor and the surrounding area, an extra room that can be a library, extra bedroom or home office, and of course access to an array of shops and restaurants within just a few blocks.

Baths: 2 Sq. ft. 1,527

This unit in the 55+ Villages on Mt. Hope Bay complex is one of their “Chatham style” condos, with all bedrooms and the living room facing the water.

It also features a spacious master suite with four full-sized closets and an en-suite marble bathroom.

Seller’s agent: Keller Williams Newport

Seller’s agent: Cathy Sousa, RE/MAX River’s Edge

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Page 14 East Bay Homes September 11-12, 2019

The Condo Market

WILLIAM RAVEIS REAL ESTATE

Riverside – Bullock’s Point Ave.

Sarah Principe GRI, SRS

401-374-7064 • sarahprincipe.raveis.com Multi-Million Dollar Producer

2017 Top Rental Team

Sold for: $133,000 Beds: 1

William Raveis Real Estate

An empty-nester, single professional or young couple might enjoy the pool, fitness room and easy access in all directions from this condo along Bullock’s Point Avenue in the Riverside section of East Providence. It is also close to the East Bay Bike Path.

2017 President’s Club William Raveis Real Estate

Seller’s agent: Maureen Mills, Keller Williams

WR AD RD - WIIN NN N IINNGG A WAA -W ARWE A DLS-ETW NETN GFF EESSSSI OI ON ANLASL S EA SATITA EPIPRN RO O ARLR E

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REAL ESTATE PROFESSIONALS

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MULTI-MILLION DOLLAR PRODUCER

RE/MAX RIVER’S EDGE

• RE/MAX 100% Club Sales Award • RI Monthly Professional Excellence Award • Voted Five-Star Professional

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Baths: 1 Sq. ft. 779

• Certified Accredited Buyer Representative • Certified Pricing Strategy Advisor • Zillow Five-Star & Premier Agent • BS/BA Bryant University

As a lifelong resident of Bristol, I love what the East Bay has to offer!

I am passionate about my work and offer expert advice on the local real estate market to both buyers and sellers. As a Certified Pricing Strategy Advisor and Accredited Buyer Representative, I have advanced education and skills to better serve you with your real estate transactions. I am committed to excellence and simply run my business with honesty and integrity.

I am very happy to help you!

Please see my 5 -Star client reviews on Zillow.com Search by agent name ‘Tracey Mulvey”

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East Bay Homes September 11-12, 2019 Page 15

The Condo Market Rumford – New Road

Get your home ready for the Big Game!

SCHEDULE YOUR INTERIOR PAINTING NOW Sold for: $270,000 Beds: 2

Baddog Painting, LLC “Pick of the Litter”

Baths: 2.5+ Sq. ft: 1,590

This tri-level condo is within a small, 19-unit complex in the heart of Rumford. It has gleaming hardwoods, a granite and stainless steel kitchen, an attached garage and a bonus room for an office or rec. room. Residents living here have quick access to Providence, the commuter rail to Boston or I-95, and it’s located within the Myron J. Francis Elementary School district.

Seller’s agent: Blackstone/Ocean Properties

RI Reg #19958 Fax: 401-462-1130

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END OF SEASON SALE!!

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*Annual Percentage Rate (APR) of 3.50% is for terms up to 7 years. The monthly payment for a 84-month loan is $13.45 per $1,000 borrowed. Annual Percentage Rate (APR) of 4.00% is for terms up to 10 years. The monthly payment for a 120-month loan is $10.13 per $1,000 borrowed. Minimum loan of $10,000 and maximum of $250,000. Rate based on individual creditworthiness and subject to change without notice. Maximum loan-to-value is 80%. 1-4 family owner-occupied properties only. Existing Rhode Island Credit Union loans are eligible with at least $10,000 in new money. Flood insurance may be required. Applicable trust review fees may apply. Other home equity loan programs, rates and terms available. Certain restrictions apply. Rhode Island Credit Union NMLS #509121

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Page 16 East Bay Homes September 11-12, 2019

PORTSMOUTH: Shingle-style 5 bedroom historic carriage house on private lane.

Exquisite renovation with bright spacious rooms. Landscaped 1.3+ acres with soaring specimen trees for complete privacy. $1,995,000

PORTSMOUTH: Custom 3,200 sf waterfront to be built on 1.8 acres. First-floor master, Great Room with fireplace, and walkout lower. Mahogany front porch and expansive deck with covered sitting area. $1,399,000

TIVERTON: Secluded 5+ acre setting with lush landscaping and koi pond. Each room plus an enclosed porch offers Nonquit Pond views. Pine floors, exposed beams, and easy flowing rooms. $1,290,000

TIVERTON: Beautifully restored 5-bedroom farmhouse on 1.7 acre site. Perfect retreat trimmed with fieldstone walls, cook’s kitchen, mahogany porch, and separate guest quarters. Near beaches and Four Corners. $849,000

TIVERTON: Elegant Royal Barry Willis-designed 4-bedroom with newer addition on almost an acre of landscaped grounds.

Many recent renovations and master suites on two levels. $825,000

TIVERTON: Overlooking Mt. Hope Bay, custom built 4 BR offers spectacular views.

Open plan 1st-floor including guest suite, leads to spacious mahogany porch/deck.

Luxurious master with balcony. $559,000

PORTSMOUTH: Four bedroom, 3½ bath shingle-style in Spinnaker Run. Sweeping water views from almost every room, wrap-around deck, and master suite with balcony. Finished lower. $825,000

PORTSMOUTH: Sakonnet views from 3-bed/2½ bath cape. Chef’s kitchen with marble and stainless steel, sliders to deck, dining & living room, and office. Master suite, finished lower, and fenced yard. $775,000

PORTSMOUTH: Waterfront lot on just under an acre. Lovely level corner lot with ISDS. Rare opportunity with excellent shore access. Beautiful vistas and swimming just steps away. $399,000

Time Ten er n Win

401.849.3000 Covering All of Rhode Island www.GustaveWhite.com

PORTSMOUTH: Charming 5,500+ sf Colonial on almost an acre near “The Glen.”

Currently a side-by-side two-family, ideal for owner occupied or conversion to 4-bedroom with apartment. $899,000

Jose Aguon

848-6723

David Huberman

848-6729

Ginny Baldwin

848-6711

Dina Karousos

451-6461

Susan Andrade Bistline

935-1778

Rebecca King

808-9334

Jessica Chase

864-3596

Michelle Kirby

848-6714

Ann Conner

848-6709

Joel Langlois

741-7397

Don Desrosiers

848-6713

Paul Leys

848-6706

Michelle Drum

848-6720

Nicki Lucenti

439-9581

Gloria Dunn

848-6719

Chan Lyell

848-6717

Kim Fleming

848-6726

Bertie MacGowan

848-6745

Kate Kirby Greenman

848-6727

Grace Cimo McCluskey

222-9651

Kara Malkovich Liz Mastin Kiki Mitchell Kate Rooney Michael Sweeney Catherine Watne Chris West LeAnne West Elena Wilcox Tina Wiley Whitney Bauer

848-6728 848-6722 848-6721 636-7894 862-0164 848-6715 848-6716 787-7604 662-0604 848-6725 935-4946