NOT LISTED FOR SALE

1237 Kingstown Rd Wakefield, RI 02879

Estimated Value: $996,708

8 Beds
5.5 Baths
4,593 Sq Ft
$217/Sq Ft Est. Value

Last Sold February 27, 2017

Last sale price $482,500 $105 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,668/month

234 Days on Market

Highlights

  • Marina
  • River Access
  • Wood Flooring
  • Golf Course Community
  • Private Lot
  • 3-minute walk to Old Mountain Field

About This Home

As of February 2017

MULTI-USE COMMERCIAL BUILDING WITH NEW LONG TERM ANCHOR RETAIL TENANT IN PLACE. TWO 3 BEDROOM APARTMENTS, ONE 2 BEDROOM COTTAGE & 3 CAR GARAGE W/PRIVATE DRIVE NEXT TO O'NEILL BIKE PATH. TURNKEY INVESTMENT PROPERTY WITH MANY RECENT UPDATES. 8.8% CAP.

Last Agent to Sell the Property

Patrick Murray

Residential Properties Ltd. License #REB.0016731 Listed on: 06/07/2016

Last Buyer's Agent

Patrick Murray

Residential Properties Ltd. License #REB.0016731 Listed on: 06/07/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,110

Year Built

  • Built in 1885

Lot Details

  • 0.44 Acre Lot
  • Private Lot
  • Secluded Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,593 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • River Access
  • Walking Distance to Water
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 220 Volts
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 12371239KINGSTOWNRDSKNG

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Peace Dale Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Building Details

  • Operating Expense $14,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,110

Year Built

Built in 1885

Lot Details

0.44 Acres

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.44
  • Subdivision Name: PEACE DALE
  • Above Grade Finished Sq Ft: 4593.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Cable TV
  • Living Area: 4593.0
  • Dining Room Type: Utility Room
  • Stories: 3
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Multiple lots, Private, Secluded
  • Waterfront Features: River Access, Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Combination, Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 13.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air, 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Gas, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 19166.0
  • Parcel #: 12371239KINGSTOWNRDSKNG
  • Zoning: CD
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 14820.0

Tax Info

  • Tax Annual Amount: 6110.0
  • Tax Lot: 32
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2016
Closed on
Feb 27, 2017
Sold by
Angle Properties Llc
Bought by
Hamblet Lois C
Seller's Agent
Patrick Murray
Residential Properties Ltd.
Buyer's Agent
Patrick Murray
Residential Properties Ltd.
List Price
$489,500
Sold Price
$482,500
Premium/Discount to List
-$7,000
-1.43%
Current Estimated Value
$996,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,208
Avg. Annual Appreciation
8.36%
Original Mortgage
$434,250
Outstanding Balance
$370,388
Interest Rate
5.25%
Mortgage Type
Commercial
Estimated Equity
$626,320
Source: Public Records
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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
Hamblet Lois C $482,500 --
Hamblet Lois C $482,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamblet Lois C $434,250
Closed Hamblet Lois C $434,250
Previous Owner Hamblet Lois C $528,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2017 02/27/17 Sold $482,500 -1.4% $105 / Sq Ft
01/28/2017 01/28/17 Pending -- -- --
06/07/2016 06/07/16 For Sale $489,500 -- $107 / Sq Ft
Source: State-Wide MLS

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 $6,450 $721,500 $132,100 $589,400
2024 $7,029 $636,100 $110,000 $526,100
2023 $7,029 $636,100 $110,000 $526,100
2022 $6,965 $636,100 $110,000 $526,100
2021 $7,270 $503,100 $100,000 $403,100
2020 $7,270 $503,100 $100,000 $403,100
2019 $7,270 $503,100 $100,000 $403,100
2018 $6,929 $441,900 $85,700 $356,200
2017 $6,765 $441,900 $85,700 $356,200
2016 $6,668 $441,900 $85,700 $356,200
2015 $6,110 $393,700 $128,600 $265,100
2014 $6,094 $393,700 $128,600 $265,100
Source: Public Records

Agents Affiliated with this Home

  • Patrick Murray

    Seller's Agent in 2017

    Patrick Murray

    Residential Properties Ltd.

    (401) 965-4520

    11 in this area

    33 Total Sales

    Patrick Murray
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Map

Source: State-Wide MLS

MLS Number: 1128165

State-Wide MLS

APN: SKIN-004802-000000-000032

Rhode Island Washington County Wakefield 02879

1237 Kingstown Rd, Wakefield, RI

Not Listed for Sale

MultiFamily

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