NOT LISTED FOR SALE

1124 Succotash Rd Wakefield, RI 02879

Narragansett Area

Estimated Value: $1,449,030

8 Beds
4 Baths
2,300 Sq Ft
$630/Sq Ft Est. Value

Sale Details

Date Sold: November 14, 2019

Last sale price $830,000 $361 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $8,458 / mo

282 Days on Market

Highlights

  • Marina
  • Beach Access
  • Recreation Facilities
  • Narragansett Elementary School Rated A
  • Wood Flooring
  • Cooling Available

About This Home

As of November 2019

Located in a Qualified Economic Zone Rare opportunity to own TWO duplexes in the heart of Jerusalem. Each unit is a 2 bed 1 bath. Separate Septic systems for each duplex, each unit has separate utilities. Winter rents for $1,100 per unit, per month, Summer $1,100 per unit per week. Newer roofs Just walk out your front door, across the street to the beach. You can walk to restaurants or the State Pier

Last Agent to Sell the Property

Peter Spinella

Century 21 Guardian Realty License #REC.0016573 Listed on: 01/05/2019

Century 21 Guardian Realty

Last Buyer's Agent

John Krekorian

Flagship Real Estate Advisors License #RES.0024980

Flagship Real Estate Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,439

Year Built

  • Built in 1940

Lot Details

  • 12,650 Sq Ft Lot

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 15
  • Assessor Parcel Number 1124SUCCOTASHRDNARR

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Jerusulam Subdivision

Recreation

  • Marina
  • Recreation Facilities

Building Details

  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,439

Year Built

Built in 1940

Lot Details

0.29 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Subdivision Name: Jerusulam
  • Above Grade Finished Sq Ft: 2300.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Wood Siding, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Propane
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Marina, Recreation Area
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12650.0
  • Parcel #: 1124SUCCOTASHRDNARR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 6439.0
  • Tax Lot: 15
  • Tax Year: 2018

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

Closed on
Oct 26, 2021
Sold by
Bought by
Current Estimated Value
$1,449,030

Purchase Details

Listed on
Jan 5, 2019
Closed on
Nov 14, 2019
Sold by
Bought by
Seller's Agent
Peter Spinella
Century 21 Guardian Realty
Buyer's Agent
John Krekorian
Flagship Real Estate Advisors
List Price
$995,000
Sold Price
$830,000
Premium/Discount to List
-$165,000
-16.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$664,000
Interest Rate
0.0365%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1999
Sold by
Bought by
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
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$830,000 --
$320,000 --
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 $664,000
Previous Owner $355,000
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
11/14/2019 11/14/19 Sold $830,000 -16.6% $361 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
01/05/2019 01/05/19 For Sale $995,000 -- $433 / 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 $6,758 $0 $0 $0
2024 $6,758 $0 $0 $0
2023 $6,758 $0 $0 $0
2022 $0 $0 $0 $0
2021 $6,758 $762,800 $333,000 $429,800
2020 $6,782 $647,100 $357,900 $289,200
2019 $6,620 $647,100 $357,900 $289,200
2018 $6,439 $647,100 $357,900 $289,200
2017 $6,247 $591,600 $370,200 $221,400
2016 $5,963 $591,600 $370,200 $221,400
2015 $5,881 $591,600 $370,200 $221,400
2014 $5,126 $510,600 $289,200 $221,400
Source: Public Records

Agents Affiliated with this Home

  • Peter Spinella

    Seller's Agent in 2019

    Peter Spinella

    Century 21 Guardian Realty

    (401) 515-5531

    81 Total Sales

    Peter Spinella
    Section Image
  • John Krekorian

    Buyer's Agent in 2019

    John Krekorian

    Flagship Real Estate Advisors

    (401) 742-8339

    86 Total Sales

    John Krekorian
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1212407

State-Wide MLS

APN: NARR-000015-000000-000000IJ

Rhode Island Washington County Wakefield 02879

1124 Succotash Rd, Wakefield, RI

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