NOT LISTED FOR SALE

10 Springcove Rd Narragansett, RI 02882

Estimated Value: $890,000 - $1,434,000

2 Beds
2 Baths
2,120 Sq Ft
$549/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $620,000 $292 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,696/month

196 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Wood Flooring

About This Home

As of September 2017

Waterfront living can be yours with this amazing property on beautiful Spring Cove. Keep your boat right out your back door and ready to go with your very own private dock. A fully finished walk out basement leads right to the water for loads of fun in the sun. Or settle back on the upstairs deck to unwind and enjoy the awesome view. And with no flood insurance necessary, this property is the perfect place for year round or vacation living in Narragansett. This beauty will really shine with some updating or start over and build your dream home on the water. Near beaches, shopping, restaurants and schools, beautiful Harbour Island is close to anywhere you need to go while still being its own little piece of paradise. Sellers are MOTIVATED and ready for new owners to enjoy everything Spring Cove has to offer.

Last Agent to Sell the Property

Kathleen Frankovich

Abbott Properties, LLC License #RES.0040463 Listed on: 01/31/2017

Last Buyer's Agent

Kathleen Frankovich

Abbott Properties, LLC License #RES.0040463 Listed on: 01/31/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,238

Year Built

  • Built in 1968

Lot Details

  • 8,210 Sq Ft Lot
  • Beach Front

Parking

  • 1 Car Attached Garage

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Stone Fireplace
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Water Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 326
  • Assessor Parcel Number 10SpringCoveRDNARR

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • Harbour Island Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,238

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1885
  • Subdivision Name: Harbour Island
  • Above Grade Finished Sq Ft: 1120.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1968
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1000.0
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Parquet, Vinyl
  • Interior Amenities: Tub Shower
  • Living Area: 2120.0
  • Dining Room Type: Bathroom, Bedroom, Laundry, Storage Room, Utility Room, Workshop
  • Stories: 1
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil, Pellet Stove
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8210.0
  • Parcel #: 10SpringCoveRDNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4238.0
  • Tax Lot: 326
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2021
Sold by
Mcgrath Thomas E and Mcgrath Lorraine M
Bought by
Red Feather Mgmt Llc
Current Estimated Value
$1,163,503

Purchase Details

Listed on
Jan 31, 2017
Closed on
Sep 20, 2017
Sold by
Nelson Ret
Bought by
Mcgrath Thomas E and Mcgrath Lorraine M
Seller's Agent
Kathleen Frankovich
Abbott Properties, LLC
Buyer's Agent
Kathleen Frankovich
Abbott Properties, LLC
List Price
$925,000
Sold Price
$620,000
Premium/Discount to List
-$305,000
-32.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$424,100
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Red Feather Mgmt Llc -- None Available
Mcgrath Thomas E $620,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgrath Thomas E $424,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $620,000 -33.0% $292 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $925,000 -- $436 / 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 $6,337 $967,500 $528,400 $439,100
2023 $5,009 $538,000 $364,400 $173,600
2022 $5,280 $586,700 $364,400 $222,300
2021 $5,198 $586,700 $364,400 $222,300
2020 $5,388 $514,100 $314,500 $199,600
2019 $5,259 $514,100 $314,500 $199,600
2018 $5,115 $514,100 $314,500 $199,600
2017 $4,439 $420,400 $282,200 $138,200
2016 $4,238 $420,400 $282,200 $138,200
2015 $4,179 $420,400 $282,200 $138,200
2014 $4,221 $420,400 $282,200 $138,200
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Frankovich

    Seller's Agent in 2017

    Kathleen Frankovich

    Abbott Properties, LLC

    (401) 559-5092

    4 in this area

    10 Total Sales

    Kathleen Frankovich
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Map

Source: State-Wide MLS

MLS Number: 1150095

State-Wide MLS

APN: NARR-000326-000000-Y000001

Rhode Island Washington County Narragansett 02882

10 Springcove Rd, Narragansett, RI

This home is located at 10 Springcove Rd, Narragansett, RI 02882 since 31 January 2017 and is currently estimated at $1,163,503, approximately $548 per square foot. This property was built in 1968. 10 Springcove Rd is a home located in Washington County with nearby schools including Narragansett Elementary School, Narragansett Pier Middle School, and Narragansett High School.

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