NOT LISTED FOR SALE

125 Bonnet Shores Rd Narragansett, RI 02882

Estimated Value: $679,000 - $826,000

3 Beds
1 Bath
924 Sq Ft
$806/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $625,000 $676 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,236/month

228 Days on Market

Highlights

  • Marina
  • Beach Access
  • 0.54 Acre Lot
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Deck

About This Home

As of August 2023

Beautifully renovated beach cottage on the largest lot presently available in Bonnet Shores (11,000 sq. ft. main lot with another additional 10k on 2 included additional lots!! Come see this perfect combination of privacy and accessibility - just across from the Bonnet Shores community center, and a nice walk to either beach. The home features an open concept - living/dining, and kitchen. New kitchen, paint, flooring, and bathrooms, generous storage space, and the perfect sized back deck to enjoy the sun, dry those beach towels, or host a barbecue. House needs nothing, but the large lot is ready for anything you could ever want to expand on this nearly perfect, single level home in the perfect seaside community. Approximately 24,000 sq. ft. of land!

Last Agent to Sell the Property

Mike Mita

Flagship Real Estate Advisors Listed on: 12/15/2022

Last Buyer's Agent

Team KEY

KEY Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,185

Year Built

  • Built in 1957

Lot Details

  • 0.54 Acre Lot
  • Corner Lot
  • Wooded Lot
  • Property is zoned R80

Home Design

  • Cottage
  • Bungalow
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Water Access
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Accessibility Features
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 525/527/532
  • Assessor Parcel Number 125BONNETSHORESRDNARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,185

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.54
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 924.0
  • Architectural Style: Bungalow, Cabin/Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1957
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Accessibility Features: Accessibility Features
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Tub Shower
  • Living Area: 924.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Multiple lots, Wooded
  • Waterfront Features: Beach Access, Dock Access, Water Access
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23522.0
  • Parcel #: 125BONNETSHORESRDNARR
  • Zoning: R80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4185.0
  • Tax Lot: 525/527/532
  • Tax Year: 2022

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Aug 1, 2023
Sold by
Dillon Frances H
Bought by
Flores Christopher and Flores Alexis
Seller's Agent
Mike Mita
Flagship Real Estate Advisors
Buyer's Agent
Team KEY
KEY Real Estate Services
List Price
$693,500
Sold Price
$625,000
Premium/Discount to List
-$68,500
-9.88%
Views
326
Current Estimated Value
$744,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,861
Avg. Annual Appreciation
7.82%
Original Mortgage
$593,750
Outstanding Balance
$579,268
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$165,593

Purchase Details

Closed on
Mar 20, 1980
Bought by
Banigan Mary and Dillon Helen H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Flores Christopher $625,000 None Available
Banigan Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Christopher $593,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2023 08/01/23 Sold $625,000 -9.9% $676 / Sq Ft
12/15/2022 12/15/22 For Sale $693,500 -- $751 / 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 $3,953 $582,200 $311,200 $271,000
2024 $3,813 $582,200 $311,200 $271,000
2023 $3,432 $368,600 $177,800 $190,800
2022 $3,317 $368,600 $177,800 $190,800
2021 $3,266 $368,600 $177,800 $190,800
2020 $3,050 $291,000 $148,000 $143,000
2019 $2,977 $291,000 $148,000 $143,000
2018 $2,723 $273,700 $148,000 $125,700
2017 $2,957 $280,000 $184,300 $95,700
2016 $2,822 $280,000 $184,300 $95,700
2015 $2,783 $280,000 $184,300 $95,700
2014 $2,464 $245,400 $149,700 $95,700
Source: Public Records

Agents Affiliated with this Home

  • Mike Mita

    Seller's Agent in 2023

    Mike Mita

    Flagship Real Estate Advisors

    (401) 447-3860

    10 in this area

    79 Total Sales

    Mike Mita
    Section Image

  • T

    Buyer's Agent in 2023

    Team KEY

    KEY Real Estate Services

    (401) 302-1432

    80 in this area

    369 Total Sales

    Team KEY
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1326805

State-Wide MLS

APN: NARR-000527-000000-000000NR

Rhode Island Washington County Narragansett 02882

125 Bonnet Shores Rd, Narragansett, RI

Not Listed for Sale

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