Wide range of increases in property values under Portsmouth reval
One home’s assessment may have gone up 16% since 2019, while another’s value increased by more than 70%
PORTSMOUTH —Now that Portsmouth homeowners have seen their new property assessments under the most recent reevaluation conducted by the town along with Vision Government Solutions, it’s …
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Wide range of increases in property values under Portsmouth reval
One home’s assessment may have gone up 16% since 2019, while another’s value increased by more than 70%
Prospect Farm Road
Improvements: $384,000
Land: $331,400
Total: $715,400
Gross area: 4,541 square feet
Living area: 2,060 square feet
Lot size: .47 acre
Description: Two-story, three-bedroom Colonial, built in 1999.
2019 value: $501,500
Increase since 2019: 42.6 percent
Riverside Avenue
Improvements: $155,800
Land: $446,000
Total: $601,800
Gross area: 1,404 square feet
Living area: 1,152 square feet
Lot size: 0.13 acre
Description: 1-3/4-story, three-bedroom home, built in 1930, is situated along the Sakonnet River in low-lying area of the Hummocks.
2019 value: $353,000
Increase since 2019: 70.5 percent
Narragansett Avenue, Prudence Island
Improvements: $180,000
Land: $114,300
Total: $294,300
Description: 1.25-story, three-bedroom home, built in 1930, overlooks Narragansett Bay.
Gross area: 1,968 square feet
Living area: 1,393 square feet
Lot size: 0.15 acre
2019 value: $223,900
Increase since 2019: 31.4 percent
Mill Lane
Improvements: $239,500
Land: $200,000
Total: $439,500
Gross area: 3,696 square feet
Living area: 1,825 square feet
Lot size: .48 acre
Description: 1.75-story, three-bedroom Cape Cod was built in 1980.
2019 value: $310,000
Increase since 2019: 41.8 percent
King Charles Drive
Improvements: $770,600
Land: $255,000
Total: $1,025,600
Gross area: 8,041 square feet
Living area: 3,928 square feet
Lot size: 1.12 acres
Description: Two-story, four-bedroom Colonial, built in 1988, has views of Narragansett Bay.
2019 value: $741,900
Increase since 2019: 38.2 percent
Indian Avenue
Improvements: $1,625,600
Land: $1,941,100
Total: $3,566,700
Gross area: 14,615 square feet
Living area: 6,286 square feet
Lot size: 3.8 acres
Description: Two-story, four-bedroom home built in 2021 overlooks the Sakonnet River.
2019 value: $310,000
Increase since 2019: 41.8 percent
Hummock Avenue
Improvements: $133,700
Land: $584,900
Total: $718,600
Gross footage: 1,480 square feet
Living area: 1,008 square feet
Lot size: 0.24 acre
Description: Bungalow-style home, built in 1930, overlooks Blue Bill Cove.
2019 value: $406,700
Increase since 2019: 76.7 percent
Donna Drive
Improvements: $138,600
Land: $0
Total: $138,600
Description: One-story, three-bedroom manufactured mobile home, was built in 2016.
Gross area: 1,440 square feet
Living area: 1,248 square feet
Lot size: 0 acres
2019 value: $88,100
Increase since 2019: 57.3 percent
Cedar Avenue
Improvements: $153,100
Land: $83,100
Total: $236,200
Gross area: 1,667 square feet
Living area: 864 square feet
Lot size: .06 acre
Description: 1.75-story, two-bedroom home, built in 1940.
2019 value: $149,900
Increase since 2019: 57.6 percent
Bayberry Road, Hog Island
Improvements: $104,700
Land: $43,500
Total: $148,200
Description: 1.75-story, two-bedroom modern/contemporary, built in 1990, overlooks Mt. Hope/Narragansett bays.
Gross area: 1,446 square feet
Living area: 1,096 square feet
Lot size: 0.39 acre
2019 value: $135,900
Increase since 2019: 9.1 percent
Baker Road
Improvements: $168,000
Land: $437,800
Total: $605,800
Gross area: 1,071 square feet
Living area: 759 square feet
Lot size: .24 acre
Description: One-story, two-bedroom bungalow, built in 1930, situated on shore of Narragansett Bay.
2019 value: $518,900
Increase since 2019: 16.7 percent
Arrowhead Lane
Improvements: $288,900
Land: $190,700
Total: $479,600
Gross area: 3,694 square feet
Living area: 1,850 square feet
Lot size: 0.3 acre
Description: One-story, three-bedroom ranch, was built in 1968.
2019 value: $284,300
Increase since 2019: 68.7 percent
East Main Road lot
Improvements: $900
Land: $88,200
Total: $89,100
Description: The so-called “spite lot,” a vacant piece of land previously occupied by a gas station, was last sold for $60,000 in November 2021.
Lot size: 0.23 acre
2019 value: $169,200
Increase since 2019: -47.3 percent
PORTSMOUTH —Now that Portsmouth homeowners have seen their new property assessments under the most recent reevaluation conducted by the town along with Vision Government Solutions, it’s only human to compare and contrast how one home was valued over another.
The new property assessments, issued in late February, were based on 100 percent of market value as of Dec. 31, 2022.
We looked at a baker’s dozen of properties in town, almost all chosen at random, to get a sense of how values have gone (mostly) up during the recent revaluation.
All the information was taken directly from the Vision Government Solutions website, and is public record. Members of the public are welcome to search the data base by going here.
View the selected properties by scrolling through the slides above.
