$660,000
SOLD APR 27, 2018
5 Beds
3 Baths
2,649 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$249 Per Sq Ft

4% Below List Price

28 Days on Market

Highlights

  • Marina
  • Water Views
  • 2 Fireplaces
  • Narragansett Elementary School Rated A
  • Beach Access
  • Tennis Courts

About This Home

As of October 2024

Location! Water Views! Approx. 2649 Sq. Ft. 2-Story, 2 Family on 4th & 5th Streets with Ocean Views in Narragansett. Unique opportunity to own a great investment property, or build a Single-Family in great area. Existing property is being used as a legal 2 Family. Front unit is single-level with own entrance, 2 bedrooms, 1 Full Bath and rear unit is 2-Level, 3 Bedroom, 2 Bath with its own entrance as well. Walk to the beach, shoreline, lighthouse, local restaurants and businesses. Plenty of parking. Property includes small detached 1- car garage/storage. NOT in FLOOD Zone.

Last Agent to Sell the Property

Jack Mayo

RE/MAX FLAGSHIP, INC. License #RES.0040287 Listed on: 02/27/2018

RE/MAX FLAGSHIP, INC.

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,568

Year Built

  • Built in 1970

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2,649 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Carpet
  • Water Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Screened Patio
  • Porch

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 7,840 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number 13FOURTHSTNARR

Community Details

Overview

  • 3 Buildings
  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Building Details

  • Operating Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,568

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Above Grade Finished Sq Ft: 2649.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1970
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 3
  • Appliances: Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Brick, Wood Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.0
  • Parcel #: 13FOURTHSTNARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 1500.0

Tax Info

  • Tax Annual Amount: 4568.0
  • Tax Lot: 99
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2024
Closed on
Sep 30, 2024
Sold by
Craump Peter W and Cane Tina L
Bought by
Crump Family Irt and Marino
Seller's Agent
Allen Gammons
BHHS Commonwealth Real Estate
Buyer's Agent
Allen Gammons
BHHS Commonwealth Real Estate
List Price
$1,350,000
Sold Price
$1,402,500
Premium/Discount to List
$52,500
3.89%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.46%

Purchase Details

Closed on
Apr 7, 2021
Sold by
Nrm Property Group Llc
Bought by
Macdonald James and Macdonald Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.05%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Feb 27, 2018
Closed on
Jun 13, 2018
Sold by
Macdonald Kelly A and Macdonald James C
Bought by
Nrm Property Group Llc
Seller's Agent
Jack Mayo
RE/MAX FLAGSHIP, INC.
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$690,000
Sold Price
$660,000
Premium/Discount to List
-$30,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$495,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 27, 2018
Sold by
Fisher Ronald C and Fisher Wendy C
Bought by
Macdonald Kelly A and Macdonald James C
Seller's Agent
Jack Mayo
RE/MAX FLAGSHIP, INC.
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$690,000
Sold Price
$660,000
Premium/Discount to List
-$30,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 1984
Bought by
Fisher Ronald C
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $660,000 --
Warranty Deed $660,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 Credit Line Revolving
Previous Owner $480,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $495,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Rent $2,400 0.0% --
10/21/2024 10/21/24 Sold $1,402,500 +3.9% $529 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/11/2024 08/11/24 For Sale $1,350,000 +104.5% $510 / Sq Ft
04/27/2018 04/27/18 Sold $660,000 -4.3% $249 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $690,000 -- $260 / 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 $5,779 $882,300 $570,800 $311,500
2023 $5,270 $566,100 $380,500 $185,600
2022 $5,095 $566,100 $380,500 $185,600
2021 $5,016 $566,100 $380,500 $185,600
2020 $4,835 $461,400 $289,400 $172,000
2019 $4,720 $461,400 $289,400 $172,000
2018 $4,509 $453,200 $289,400 $163,800
2017 $4,568 $432,600 $289,600 $143,000
2016 $4,361 $432,600 $289,600 $143,000
2015 $4,300 $432,600 $289,600 $143,000
2014 $4,343 $432,600 $289,600 $143,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1183388

State-Wide MLS

APN: NARR-000099-000000-L000000