NOT LISTED FOR SALE

1237 Kingstown Rd Wakefield, RI 02879

South Kingstown Area

Estimated Value: $1,018,362

8 Beds
5.5 Baths
4,593 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2017

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

Est. 111% increase in value since last sale

Current estimated payment $6,135 / mo

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

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,110

Year Built

  • Built in 1885

Lot Details

  • 19,166 Sq Ft 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

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
Jun 7, 2016
Closed on
Feb 27, 2017
Sold by
Bought by
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
$1,018,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,862
Avg. Annual Appreciation
8.20%
Original Mortgage
$434,250
Outstanding Balance
$362,458
Interest Rate
5.25%
Mortgage Type
Commercial
Estimated Equity
$655,904
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Wakefield, RI

  • Bruce Cutting Real Estate Agent - Mott & Chace Sotheby's Intl.

    Bruce Cutting

    Mott & Chace Sotheby's Intl.

    (401) 340-3530

    29 Total Sales

    9 in South Kingstown

    $355K - $960K Price Range

    Bruce Cutting
     Section Image
  • Jonah Tomsick Real Estate Agent - Flagship Real Estate Advisors

    Jonah Tomsick

    Flagship Real Estate Advisors

    (440) 530-7826

    12 Total Sales

    1 in South Kingstown

    $650,000 Price

    Jonah Tomsick
     Section Image
  • Melissa Neveux Real Estate Agent - Cote Partners Realty LLC

    Melissa Neveux

    Cote Partners Realty LLC

    (401) 293-8380

    35 Total Sales

    1 in South Kingstown

    $515,000 Price

    Melissa Neveux
     Section Image
  • Serpa-Nye Team Real Estate Agent - Coldwell Banker Realty

    Serpa-Nye Team

    Coldwell Banker Realty

    (401) 414-3043

    31 Total Sales

    3 in South Kingstown

    $850K - $1M Price Range

    Serpa-Nye Team
     Section Image
  • James Luth Real Estate Agent - HERE Realty

    James Luth

    HERE Realty

    (401) 648-6012

    87 Total Sales

    2 in South Kingstown

    $395K - $3.9M Price Range

    James Luth
     Section Image
  • Tina Rose Real Estate Agent - Salzberg Real Estate Agency

    Tina Rose

    Salzberg Real Estate Agency

    (401) 600-2561

    37 Total Sales

    1 in South Kingstown

    $204,900 Price

    Tina Rose
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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
$482,500 --
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
Open $434,250
Previous Owner $528,000
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
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

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 $6,450 $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 Real Estate Agent - Residential Properties Ltd.

    Seller's Agent in 2017

    Patrick Murray

    Residential Properties Ltd.

    (401) 965-4520

    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

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