NOT LISTED FOR SALE

1412 Kingstown Rd Wakefield, RI 02879

Estimated Value: $607,844 - $729,000

6 Beds
3 Baths
2,334 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $494,000 $212 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,538/month

123 Days on Market

Highlights

  • Marina
  • Tennis Courts
  • Public Transportation
  • Golf Course Community
  • Bathtub with Shower
  • Shops

About This Home

As of July 2022

Multi family opportunity just minutes to downtown Wakefield and URI! Two buildings (one standalone and one duplex) featuring a total of three, 2 bedroom units. All units have separate utilities and were renovated in 2009. Long term tenants in place. Water, sewer, gas! Established income opportunity.

Last Agent to Sell the Property

Steven Rei

RI Real Estate Services License #RES.0033589 Listed on: 01/30/2022

RI Real Estate Services

Last Buyer's Agent

Michael Dignan

Smith and Oak Real Estate Co. License #RES.0046227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,751

Year Built

  • Built in 1825

Lot Details

  • 6,534

Home Design

  • Stone Foundation
  • Slab Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,334 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 6,534 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 54
  • Assessor Parcel Number 1412KINGSTOWNRDSKNG

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Shops
  • Public Transportation

Recreation

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

Building Details

  • Operating Expense $4,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,751

Year Built

Built in 1825

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.15
  • Above Grade Finished Sq Ft: 2334.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1825
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Oven, Range, Refrigerator
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Slab, Stone

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 1412KINGSTOWNRDSKNG
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 4751.0

Tax Info

  • Tax Annual Amount: 4751.0
  • Tax Lot: 54
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2022
Closed on
Jun 27, 2022
Sold by
Christensen Scott E and Newton Kathleen F
Bought by
Dignan John C
Seller's Agent
Steven Rei
RI Real Estate Services
Buyer's Agent
Michael Dignan
Smith and Oak Real Estate Co.
List Price
$499,000
Sold Price
$494,000
Premium/Discount to List
-$5,000
-1%
Current Estimated Value
$579,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,029
Avg. Annual Appreciation
8.97%
Original Mortgage
$485,052
Outstanding Balance
$465,516
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$179,195

Purchase Details

Closed on
Oct 23, 2013
Sold by
Christensen Scott E
Bought by
Christensen Scott E and Newton Kathleen F

Purchase Details

Closed on
Apr 12, 2010
Sold by
Chapin Scott and Chapin John Alexander
Bought by
Chapin-Sheff Virginia S and Sheff Richard Andrew

Purchase Details

Closed on
Apr 9, 2010
Sold by
Gardiner Alfred C
Bought by
Christensen Scott E

Purchase Details

Closed on
Jun 3, 2009
Sold by
Reo Properties Corp
Bought by
Christensen Scott E and Gardiner Alfred C

Purchase Details

Closed on
Mar 17, 2008
Sold by
Dibenedetto Apollo
Bought by
Reo Properties Corp
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 Buyer Sale Price Title Company
Dignan John C $494,000 None Available
Christensen Scott E -- --
Chapin-Sheff Virginia S -- --
Christensen Scott E -- --
Christensen Scott E $96,000 --
Reo Properties Corp $290,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dignan John C $23,527
Open Dignan John C $485,052
Previous Owner Fontes-Carter Janice $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2022 07/05/22 Sold $494,000 -1.0% $212 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
01/30/2022 01/30/22 For Sale $499,000 -- $214 / 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 $4,402 $398,400 $114,900 $283,500
2023 $4,402 $398,400 $114,900 $283,500
2022 $4,362 $398,400 $114,900 $283,500
2021 $4,751 $328,800 $73,600 $255,200
2020 $4,751 $328,800 $73,600 $255,200
2019 $4,751 $328,800 $73,600 $255,200
2018 $4,315 $275,200 $63,100 $212,100
2017 $4,213 $275,200 $63,100 $212,100
2016 $4,153 $275,200 $63,100 $212,100
2015 $4,329 $278,900 $66,800 $212,100
2014 $4,317 $278,900 $66,800 $212,100
Source: Public Records

Agents Affiliated with this Home

  • Steven Rei

    Seller's Agent in 2022

    Steven Rei

    RI Real Estate Services

    (401) 932-5507

    17 in this area

    59 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Michael Dignan

    Smith and Oak Real Estate Co.

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Map

Source: State-Wide MLS

MLS Number: 1302400

State-Wide MLS

APN: SKIN-004802-000000-000054

Rhode Island Washington County Wakefield 02879

1412 Kingstown Rd, Wakefield, RI

This home is located at 1412 Kingstown Rd, Wakefield, RI 02879 since 30 January 2022 and is currently estimated at $644,711, approximately $276 per square foot. This property was built in 1825. 1412 Kingstown Rd is a home located in Washington County with nearby schools including South Kingstown High School, Monsignor Matthew Clarke Catholic Regional School, and South Shore School.

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