NOT LISTED FOR SALE

14 Victory St Wakefield, RI 02879

Estimated Value: $415,123 - $609,000

5 Beds
2 Baths
2,424 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $522,000 $215 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,139/month

4 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Shops
  • Recreation Facilities
  • Laundry Room
  • Forced Air Heating System

About This Home

As of May 2022

*GOING TO HIGHEST AND BEST BY MONDAY 3/28 @ 5PM*
This rare two-family property located in the heart of South Kingstown presents a great investment opportunity for buyers and/or investors. Located minutes away from downtown Wakefield and URI, 14 Victory Street sits in the perfect location for seasonal or year-round tenants. Upon arrival, there are separate entrances for each of the two units. Upon entering the first unit, you find a tidy open living/dining/kitchen area. There are two surprisingly spacious bedrooms, and a renovated full bath. This unit has been recently updated and is move-in ready. The second unit opens to a living room that flows into an eat-in kitchen. The second floor has three bedrooms located on the second floor and a full bath with a shower. There are hardwood floors on this side in the living room and bedrooms. Each unit contains one full bathroom and separate laundry areas in the basement. There is a small backyard offering privacy, a shed outback, and 4 off-street parking spots available. Take advantage of this unusual opportunity to own an income-producing property in the beautiful town of South Kingstown.

Last Agent to Sell the Property

Charlotte Fiola

Serhant Rhode Island License #RES.0046420 Listed on: 03/25/2022

Serhant Rhode Island

Co-Listed By

Susan Mitchell

Mott & Chace Sotheby's Intl. License #RES.0040434

Last Buyer's Agent

Robert Simone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,300

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,424 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 14VICTORYSTSKNG

Community Details

Overview

  • 2 Units
  • Wakefield Peace Dale Subdivision

Amenities

  • Shops

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,300

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Co List Office Mls Id: MOCH
  • Co List Office Phone: 401-364-6700
  • Inclusions: This has been an owner occupied property. The 3 bedroom side was rented to family at a reduced rate.
  • Subdivision Name: Wakefield - Peace Dale
  • Above Grade Finished Sq Ft: 2424.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 14VICTORYSTSKNG
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3300.0
  • Tax Lot: 95
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 16, 2022
Sold by
Tretheway Richard and Tretheway Patricia
Bought by
Simone Robert and Simone Bernice
Seller's Agent
Charlotte Fiola
Serhant Rhode Island
Buyer's Agent
Robert Simone
List Price
$450,000
Sold Price
$522,000
Premium/Discount to List
$72,000
16%
Current Estimated Value
$556,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,281
Avg. Annual Appreciation
1.76%
Original Mortgage
$350,250
Outstanding Balance
$330,385
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,896

Purchase Details

Closed on
Aug 29, 2005
Sold by
Tretheway Christopher D and Tretheway Nicole M
Bought by
Tretheway Ridhard and Tretheway Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Simone Robert $522,000 None Available
Tretheway Ridhard $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simone Robert $350,250
Previous Owner Tretheway Ridhard $198,150
Previous Owner Tretheway Ridhard $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $522,000 +16.0% $215 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $450,000 -- $186 / 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 $2,765 $309,300 $139,800 $169,500
2024 $2,993 $270,900 $107,500 $163,400
2023 $2,880 $260,600 $107,500 $153,100
2022 $2,854 $260,600 $107,500 $153,100
2021 $2,860 $197,900 $88,600 $109,300
2020 $2,860 $197,900 $88,600 $109,300
2019 $2,860 $197,900 $88,600 $109,300
2018 $2,800 $178,600 $85,600 $93,000
2017 $2,734 $178,600 $85,600 $93,000
2016 $2,695 $178,600 $85,600 $93,000
2015 $2,694 $173,600 $80,600 $93,000
2014 $2,687 $173,600 $80,600 $93,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1305650

State-Wide MLS

APN: SKIN-005602-000000-000095