NOT LISTED FOR SALE

1040 Ocean Rd Narragansett, RI 02882

Estimated Value: $4,426,000 - $6,586,000

5 Beds
6.5 Baths
4,514 Sq Ft
$1,207/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2018

Last sale price $3,250,000 $720 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $31,658 / mo

188 Days on Market

Highlights

  • Built in 2018 | Newly Remodeled
  • In Ground Pool
  • Wood Flooring
  • Narragansett Elementary School Rated A
  • 0.75 Acre Lot
  • 2 Car Attached Garage

About This Home

As of August 2018

Information purposes only, house under contract before listing.

Last Agent to Sell the Property

Melissa Polom

HomeSmart First Class Realty License #RES.0035343 Listed on: 01/25/2018

HomeSmart First Class Realty

Last Buyer's Agent

Bridgette Soby

Mott & Chace Sotheby's Intl. License #RES.0029660

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.75

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

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

Utilities

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

Additional Features

  • In Ground Pool
  • 32,670 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 1040OCEANRDNARR

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,800

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0.75 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.75
  • Above Grade Finished Sq Ft: 3737.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built: 2018
  • Property Sub Type Additional: Single Family Residence
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 777.0
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 4514.0
  • Stories: 2
  • ResoLivingAreaSource: Builder

Exterior Features

  • Pool Features: In Ground
  • Construction Type: Shingle Siding, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hydro Air
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 32670.0
  • Parcel #: 1040OCEANRDNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7800.0
  • Tax Lot: 10
  • Tax Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Aug 31, 2018
Sold by
Bought by
Seller's Agent
Melissa Polom
HomeSmart First Class Realty
Buyer's Agent
Bridgette Soby
Mott & Chace Sotheby's Intl.
List Price
$3,250,000
Sold Price
$3,250,000
Current Estimated Value
$5,448,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,198,830
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Dec 15, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,250,000 --
$1,000,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $3,250,000 0.0% $720 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $3,250,000 -- $720 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $28,788 $4,239,800 $2,040,900 $2,198,900
2024 $27,771 $4,239,900 $2,040,900 $2,199,000
2023 $25,913 $2,783,400 $1,360,200 $1,423,200
2022 $25,051 $2,783,400 $1,360,200 $1,423,200
2021 $24,661 $2,783,400 $1,360,200 $1,423,200
2020 $17,790 $1,697,500 $951,800 $745,700
2019 $17,365 $1,697,500 $951,800 $745,700
2018 $9,470 $951,800 $951,800 $0
2017 $7,898 $747,900 $747,900 $0
2016 $7,539 $747,900 $747,900 $0
2015 $7,434 $747,900 $747,900 $0
2014 $7,509 $747,900 $747,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Polom

    Seller's Agent in 2018

    Melissa Polom

    HomeSmart First Class Realty

    (401) 338-8562

    4 Total Sales

    Melissa Polom
    Section Image
  • Bridgette Soby

    Buyer's Agent in 2018

    Bridgette Soby

    Mott & Chace Sotheby's Intl.

    (401) 662-7969

    117 Total Sales

    Bridgette Soby
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1181516

State-Wide MLS

APN: NARR-000460-K000000-000010

Rhode Island Washington County Narragansett 02882

1040 Ocean Rd, Narragansett, RI

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