NOT LISTED FOR SALE

12 Jakes Way Narragansett, RI 02882

Estimated Value: $984,000 - $1,210,000

3 Beds
2.5 Baths
2,629 Sq Ft
$425/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $717,500 $273 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,921/month

23 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Marble Flooring
  • Narragansett Elementary School Rated A
  • Private Lot
  • 3-minute walk to Narragansett Parks & Rec Department

About This Home

As of September 2019

Black Point/Scarborough - Rare pristine and spacious end unit townhouse in Clarke Place with over 2,600 SF of living area. Walking distance to Black Point and sandy beach. A grand entrance way opens up to a huge fireplaced living/dining area with cathedral ceilings and hardwood flooring. Master ensuite on first floor with fireplace, walk in closet & stunning brand new marble & tile bath and it's awesome! Chef's kitchen with stainless appliances, double ovens, gas cook top, cherry cabinets & granite counter tops as well as a casual dining area. Two large additional bedrooms upstairs and family room with outside balcony along with an additional full bath. Large manicured yard with sprinklers and private patio, exemplified with lavish privacy landscaping with beautiful perennials and mature trees. Gas hydro air heat with radiant flooring heat in some areas. Recent upgrades include all new paint, drylock in garage flooring in 2-Car garage, new master bath along with the landscaping. All this just .6 miles to the beach, tennis courts, paddle board & basketball court across Clark Road. If your looking to downsize from a larger home and the responsibilities of maintaining it Clarke place will provide all the space, comfort and elegance you will need in a very special location . Sale is subject to seller finding suitable housing.

Last Agent to Sell the Property

John Krekorian

Flagship Real Estate Advisors License #RES.0024980 Listed on: 07/11/2019

Flagship Real Estate Advisors

Last Buyer's Agent

Dan Harding

Lila Delman Compass License #RES.0032455

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,440

Year Built

  • Built in 2005

Lot Details

  • Cul-De-Sac
  • Secluded Lot
  • Sprinkler System

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Unassigned Parking

Home Design

  • Entry on the 1st floor
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,629 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Security System Owned
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Patio

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Gas
  • Radiant Heating System
  • Underground Utilities
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2-10
  • Assessor Parcel Number 12JAKESWYNARR

Community Details

Overview

  • 12 Units
  • Black Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,440

Year Built

Built in 2005

Lot Details

0

HOA Fees

$480 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Black Point
  • Above Grade Finished Sq Ft: 2629.0
  • Building Name: Clarke Place Condos
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 2005
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood, Marble
  • Interior Amenities: Attic, Bathtub, Cathedral Ceiling(s), Tub Shower, Central Vacuum, Cable TV
  • Living Area: 2629.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac, Private, Secluded, Sprinkler System
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Balcony, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Built In, Unassigned
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hydro Air, Radiant
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 480.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 12JAKESWYNARR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 5440.0
  • Tax Lot: 2-10
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Aug 24, 2019
Sold by
Martelli Frank P and Martelli Valerie A
Bought by
Hanoian Harry A and Hanoian Nancy L
Seller's Agent
John Krekorian
Flagship Real Estate Advisors
Buyer's Agent
Dan Harding
Lila Delman Compass
List Price
$765,000
Sold Price
$717,500
Premium/Discount to List
-$47,500
-6.21%
Current Estimated Value
$1,116,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,222
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Jul 18, 2005
Sold by
Clarke Place Llp
Bought by
Martelli Frank P and Martelli Valerie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.67%
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
Hanoian Harry A $717,500 --
Martelli Frank P $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martelli Frank P $417,000
Previous Owner Martelli Frank P $52,900
Previous Owner Martelli Frank P $325,000
Previous Owner Martelli Frank P $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $717,500 -6.2% $273 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $765,000 -- $291 / 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
2025 $6,453 $950,300 $0 $950,300
2024 $6,224 $950,300 $0 $950,300
2023 $6,478 $695,800 $0 $695,800
2022 $6,262 $695,800 $0 $695,800
2021 $6,165 $695,800 $0 $695,800
2020 $6,645 $634,100 $0 $634,100
2019 $6,487 $634,100 $0 $634,100
2018 $6,309 $634,100 $0 $634,100
2017 $6,687 $633,200 $0 $633,200
2016 $6,383 $633,200 $0 $633,200
2015 $6,609 $664,900 $0 $664,900
2014 $6,151 $612,600 $0 $612,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1229164

State-Wide MLS

APN: NARR-000022-V000000-000210