NOT LISTED FOR SALE

101 Ocean Rd Unit 304 Narragansett, RI 02882

Estimated Value: $1,539,000 - $2,193,204

4 Beds
2.5 Baths
2,342 Sq Ft
$1,023/mo HOA Fee

Last Sold December 17, 2018

Last sale price $1,400,000 $598 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $12,660/month

Highlights

  • Beach Front
  • Water Access
  • Cathedral Ceiling
  • Narragansett Elementary School Rated A
  • Private Lot
  • Wood Flooring

About This Home

As of December 2018

The penthouse unit at 101 Ocean. Superyacht views from almost every room in one of the largest oceanfront condos in the state. Steps to Narragansett Pier Beach, the Dunes Club, and cafes and restaurants. The penthouse unit features the first parking spot, elevator from grand foyer to unit, en suite master with second floor guest quarters, vaulted ceilings, octagonal skylight and 400 square feet of oceanfront decks. Sold before print. Entered for comp purposes.

Last Agent to Sell the Property

Greg Arakelian

Mott & Chace Sotheby's Intl. License #RES.0034788 Listed on: 12/17/2018

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Gregory Arakelian

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,000

Year Built

  • Built in 1988

Lot Details

  • Beach Front
  • Secluded Lot
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $1,023 Monthly HOA Fees

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,342 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights
  • Water Views
  • Laundry in unit

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet
  • Bathtub with Shower

Finished Basement

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

Parking

  • 50 Parking Spaces
  • Carport
  • Driveway
  • Assigned Parking

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Balcony
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number 101OCEANRD304NARR

Community Details

Overview

  • 18 Units
  • Narragansett Pier Subdivision

Recreation

  • Tennis Courts

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,000

Year Built

Built in 1988

Lot Details

0

HOA Fees

$1,023 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: Narragansett Pier
  • Above Grade Finished Sq Ft: 2342.0
  • Building Name: 101 Ocean
  • Carport Y N: Yes
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Two, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1988
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Elevator,Third Floor or higher Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cedar Closet(s), Cathedral Ceiling(s), Skylights, Tub Shower
  • Living Area: 2342.0
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Private, Secluded, Sprinkler System, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Clapboard, Shingle Siding
  • Exterior Features: Balcony, Porch, Sprinkler/Irrigation, Paved Driveway, Tennis Court(s)
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Porch

Garage/Parking

  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 50.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Tennis Court(s), Sidewalks
  • Senior Community: No
  • Amenities: Tennis Court(s)
  • Association Fee: 1023.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 101OCEANRD304NARR
  • Zoning: R10A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 18

Tax Info

  • Tax Annual Amount: 11000.0
  • Tax Lot: 136
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2018
Closed on
Dec 12, 2018
Sold by
Knoff Gerald H and Knoff Tamar S
Bought by
Capobianco David N
Seller's Agent
Greg Arakelian
Mott & Chace Sotheby's Intl.
Buyer's Agent
Gregory Arakelian
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,935,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,735
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Sep 28, 2005
Sold by
Rubien Daved E
Bought by
Knoff Gerald H and Knoff Tamar S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
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
Capobianco David N $1,400,000 --
Knoff Gerald H $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knoff Gerald H $50,000
Previous Owner Knoff Gerald H $700,000
Previous Owner Knoff Gerald H $700,000
Previous Owner Knoff Gerald H $937,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2018 12/17/18 Sold $1,400,000 0.0% $598 / Sq Ft
12/17/2018 12/17/18 For Sale $1,400,000 -- $598 / 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 $13,071 $1,995,500 $0 $1,995,500
2023 $13,388 $1,438,000 $0 $1,438,000
2022 $12,942 $1,438,000 $0 $1,438,000
2021 $12,741 $1,438,000 $0 $1,438,000
2020 $11,456 $1,093,100 $0 $1,093,100
2019 $11,182 $1,093,100 $0 $1,093,100
2018 $10,876 $1,093,100 $0 $1,093,100
2017 $9,523 $901,800 $0 $901,800
2016 $9,090 $901,800 $0 $901,800
2015 $8,964 $901,800 $0 $901,800
2014 $8,487 $845,300 $0 $845,300
Source: Public Records

Agents Affiliated with this Home

  • Greg Arakelian

    Seller's Agent in 2018

    Greg Arakelian

    Mott & Chace Sotheby's Intl.

    (401) 954-5703

    13 in this area

    43 Total Sales

    Greg Arakelian
    Section Image

  • G

    Buyer's Agent in 2018

    Gregory Arakelian

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Map

Source: State-Wide MLS

MLS Number: 1211504

State-Wide MLS

APN: NARR-000136-D000000-000304

Rhode Island Washington County Narragansett 02882

101 Ocean Rd Unit 304, Narragansett, RI

This home is located at 101 Ocean Rd Unit 304, Narragansett, RI 02882 since 17 December 2018 and is currently estimated at $1,935,735, approximately $826 per square foot. This property was built in 1988. 101 Ocean Rd Unit 304 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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