1274 W Shore Rd Warwick, RI 02889
Long Meadow NeighborhoodEstimated Value: $524,836
5
Beds
3.5
Baths
4,830
Sq Ft
$109/Sq Ft
Est. Value
Highlights
- Marina
- Deck
- Recreation Facilities
- Golf Course Community
- Wood Flooring
- Thermal Windows
About This Home
As of October 2020Large 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
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
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%
Total Days on Market
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,836
Avg. Annual Appreciation
8.66%
Original Mortgage
$288,800
Outstanding Balance
$266,126
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$265,818
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Seller's Agent in 2020
Brendan McLaughlin
Real Broker, LLC
(401) 787-2460
3 in this area
96 Total Sales
-
Nick Pardy
Seller Co-Listing Agent in 2020
Nick Pardy
RE/MAX Professionals
(401) 419-2991
3 in this area
113 Total Sales
-
George Gardner
G
Buyer's Agent in 2020
George Gardner
Clearmark Real Estate
(401) 572-0946
2 in this area
16 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1260457
APN: WARW-000336-000067-000000
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