Seller's Agent in 2023
Kira Greene
Compass / Lila Delman Compass
(401) 339-5621
2 in this area
144 Total Sales
8 Steeple Ln Lincoln, RI 02865
Central Lincoln NeighborhoodEstimated Value: $1,068,000 - $1,283,458
3
Beds
5
Baths
4,817
Sq Ft
$242/Sq Ft
Est. Value
Highlights
- Marina
- Golf Course Community
- 2.52 Acre Lot
- Lincoln Senior High School Rated A-
- In Ground Pool
- Deck
About This Home
As of September 2023Discover the epitome of luxury living at Somerset Farms, a custom-built single-level estate exuding opulence. A breathtaking entrance welcomes you into this one-of-a-kind property featuring a contemporary floor plan, hardwoods, high ceilings, and large beautiful windows. This home offers three to four bedrooms, three full & two 1/2 baths. A spacious living room centered with a gas fireplace is the center of the homes with a pretty formal dining room and office/guest room adjoining. The chef's kitchen, with granite countertops and top-of-the-line appliances, is an entertainers delight. The primary suite is expansive, boasting a newly renovated spa-like bathroom with a glass marble walk-in shower, double sink, and a freestanding tub. The lower level surprises with a full entertainment bar, home gym area, media room, and a second full kitchen and bathroom. It's perfect for multi-generational living or entertaining. The sunroom leads to a stone patio with a built-in chimney (pizza oven) and dual gas range outdoor grill. From the raised patio, you can admire the pool, beautifully landscaped and expansive 2.5 acre grounds and pool house. The property exudes elegance, with stunning landscaping that enhances the allure of the home. The large attached garage offers ample space for your vehicles. Located in Lincoln, this luxury retreat is near award-winning schools, just 10 minutes from downtown Providence and the train station & 45 minutes from Boston with easy highway access.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,900
Year Built
- Built in 2001
Lot Details
- 2.52 Acre Lot
- Fenced
Parking
- 3 Car Attached Garage
Home Design
- Contemporary Architecture
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 2-Story Property
- Gas Fireplace
- Family Room
- Storage Room
- Utility Room
- Security System Owned
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- In Ground Pool
- Deck
- Screened Patio
- Porch
Location
- Property near a hospital
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 409
- Assessor Parcel Number 8STEEPLELANELINC
Community Details
Overview
- Somerset Farms 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
Aug 4, 2023
Closed on
Sep 27, 2023
Sold by
Manuel H Soares Lt and Soares
Bought by
Raciti Michael A and Farnworth Barbara A
Seller's Agent
Kira Greene
Compass / Lila Delman Compass
Buyer's Agent
Martha Lapierre
Residential Properties Ltd.
List Price
$1,125,000
Sold Price
$1,225,000
Premium/Discount to List
$100,000
8.89%
Total Days on Market
7
Views
401
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
-$58,181
Avg. Annual Appreciation
-3.03%
Purchase Details
Closed on
May 4, 2001
Sold by
Twin River Dev
Bought by
Soares Manuel H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Raciti Michael A | $1,225,000 | None Available | |
| Soares Manuel H | $102,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Manuel Humberto Soares Lt | $520,000 | |
| Previous Owner | Manuel Humberto Soares Lt | $250,000 | |
| Previous Owner | Soares Manuel H | $200,000 | |
| Previous Owner | Soares Manuel H | $246,400 | |
| Previous Owner | Soares Manuel H | $250,000 | |
| Previous Owner | Soares Manuel H | $285,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $1,225,000 | +8.9% | $254 / Sq Ft |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- |
| 08/08/2023 08/08/23 | For Sale | $1,125,000 | -- | $234 / 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 | $10,941 | $630,600 | $148,400 | $482,200 |
| 2023 | $10,399 | $630,600 | $148,400 | $482,200 |
| 2022 | $10,373 | $630,600 | $148,400 | $482,200 |
| 2021 | $12,162 | $599,400 | $135,400 | $464,000 |
| 2020 | $12,072 | $599,400 | $135,400 | $464,000 |
| 2018 | $13,596 | $608,300 | $167,900 | $440,400 |
| 2017 | $13,322 | $608,300 | $167,900 | $440,400 |
| 2016 | $13,139 | $608,300 | $167,900 | $440,400 |
| 2015 | $13,238 | $562,600 | $163,000 | $399,600 |
| 2014 | $13,260 | $562,600 | $163,000 | $399,600 |
Source: Public Records
Agents Affiliated with this Home
-
Kira Greene
-
Fava + Vieira Group
F
Seller Co-Listing Agent in 2023
Fava + Vieira Group
Compass / Lila Delman Compass
1 in this area
61 Total Sales
-
Martha Lapierre
Buyer's Agent in 2023
Martha Lapierre
Residential Properties Ltd.
(401) 447-9966
3 in this area
21 Total Sales
Map
Similar Home in Lincoln, RI
Source: State-Wide MLS
MLS Number: 1341026
APN: LINC-000045-004090-000000
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