NOT LISTED FOR SALE

1274 W Shore Rd Warwick, RI 02889

Long Meadow Neighborhood

Estimated Value: $553,595

5 Beds
3.5 Baths
4,830 Sq Ft
$115/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $361,000 $75 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,950/month

26 Days on Market

Highlights

  • Marina
  • Deck
  • Recreation Facilities
  • Golf Course Community
  • Wood Flooring
  • Thermal Windows

About This Home

As of October 2020

Large legal 3-family with a detached commercial office space. Fully rented! Current rents are $3250 total. Large 1st floor unit offers over 1000sf, 2beds, 1 full bath and an updated kitchen with granite counters. The 2nd floor is split between 2 units - a 1 bedroom efficiency unit and a 2 bedroom unit with a large kitchen, living room and enormous bathroom. Young roof & mechanicals, replacement windows, new driveway with plenty off street parking. Detached commercial space has been nicely updated and well maintained by a professional tenant. Great opportunity!

Last Agent to Sell the Property

Brendan McLaughlin

Real Broker, LLC License #RES.0040512 Listed on: 08/05/2020

Real Broker, LLC

Co-Listed By

Nick Pardy

RE/MAX Professionals License #RES.0040238

Last Buyer's Agent

George Gardner

Clearmark Real Estate License #RES.0041272

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,046

Year Built

  • Built in 1775

Lot Details

  • 0.26 Acre Lot
  • Fenced

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,830 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 67 & 70
  • Assessor Parcel Number 1274WESTSHORERDWARW

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Church Avenue Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Additional Features

  • Public Transportation
  • Operating Expense $6,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,046

Year Built

Built in 1775

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Co List Office Mls Id: RMAX02
  • Co List Office Phone: 401-884-6050
  • Subdivision Name: Church Avenue
  • Above Grade Finished Sq Ft: 4830.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1775
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Wood
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Gas, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Public Transportation, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.0
  • Parcel #: 1274WESTSHORERDWARW
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 6640.0

Tax Info

  • Tax Annual Amount: 8046.0
  • Tax Lot: 67 & 70
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 1, 2020
Sold by
Skinner Edward B and Skinner Josefina F
Bought by
Magner Daniel P and Magner Jacqueline M
Seller's Agent
Brendan McLaughlin
Real Broker, LLC
Buyer's Agent
George Gardner
Clearmark Real Estate
List Price
$349,900
Sold Price
$361,000
Premium/Discount to List
$11,100
3.17%
Current Estimated Value
$553,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,595
Avg. Annual Appreciation
8.23%
Original Mortgage
$288,800
Outstanding Balance
$266,126
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$267,787

Purchase Details

Closed on
Oct 30, 2014
Sold by
Pfp Management Llc
Bought by
Skinner Edward B and Skinner Josefina F

Purchase Details

Closed on
Jan 20, 2006
Sold by
Wilbur Dorothy W
Bought by
Pfp Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.33%
Mortgage Type
Commercial
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
Magner Daniel P $361,000 None Available
Skinner Edward B $242,000 --
Pfp Management Llc $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magner Daniel P $288,800
Previous Owner Pfp Management Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $361,000 +3.2% $75 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $349,900 -- $72 / 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
2024 -- $390,800 $108,800 $282,000
2023 $0 $390,800 $108,800 $282,000
2022 $0 $286,300 $93,200 $193,100
2021 $0 $286,300 $93,200 $193,100
2020 $0 $286,300 $93,200 $193,100
2019 $0 $286,300 $93,200 $193,100
2018 $0 $228,600 $93,200 $135,400
2017 $0 $228,600 $93,200 $135,400
2016 -- $229,200 $93,200 $136,000
2015 -- $235,600 $95,500 $140,100
2014 -- $235,600 $95,500 $140,100
2013 -- $235,600 $95,500 $140,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brendan McLaughlin

    Real Broker, LLC

    Section Image
  • Nick Pardy

    Seller Co-Listing Agent in 2020

    Nick Pardy

    RE/MAX Professionals

    (401) 419-2991

    4 in this area

    112 Total Sales

    Nick Pardy
    Section Image

  • G

    Buyer's Agent in 2020

    George Gardner

    Clearmark Real Estate

    (401) 572-0946

    2 in this area

    15 Total Sales

    George Gardner
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1260457

State-Wide MLS

APN: WARW-000336-000067-000000

Rhode Island Kent County Warwick 02889 Long Meadow

1274 W Shore Rd, Warwick, RI

This home is located at 1274 W Shore Rd, Warwick, RI 02889 since 05 August 2020 and is currently estimated at $553,595, approximately $114 per square foot. This property was built in 1775. 1274 W Shore Rd is a home located in Kent County with nearby schools including Saint Kevin School and Bishop Hendricken High School.

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