NOT LISTED FOR SALE

1424 Narragansett Blvd Cranston, RI 02905

Edgewood Neighborhood

Estimated Value: $796,000 - $976,728

6 Beds
3 Baths
6,574 Sq Ft
$132/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $615,000 $94 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,388/month

26 Days on Market

Highlights

  • Marina
  • Attic
  • Recreation Facilities
  • Marble Flooring
  • Corner Lot
  • Walking Distance to Water

About This Home

As of December 2021

Welcome Home to 1424/1426 Narragansett Blvd. This gorgeous 2-family home is located in one of the most sought-after locations in Rhode Island! Just steps to historic Pawtuxet Village, this home has been tastefully updated and renovated, with a young roof, fresh exterior & interior paint, refinished hardwoods throughout, updated electrical, newer driveway with plenty of parking, and much more. Enjoy spacious rooms rich with old-world character high ceilings, and abundant natural light. Each unit has its own private entrance in the form of a beautiful farmer's porch. Plenty of storage with closets throughout, full unfinished basement, and detached garage. Just 10-minutes from downtown Providence, you can skip traffic and save time on your daily commute. Just steps from the hidden gem Stillhouse Cove Park and the Rhode Island Yacht Club (RIYC). An excellent opportunity for spacious multi-family living, come see all this wonderful home has to offer!

Last Agent to Sell the Property

Nick Pardy

RE/MAX Professionals License #RES.0040238 Listed on: 10/19/2021

RE/MAX Professionals

Last Buyer's Agent

Jason Gelfuso

J. Christopher Real Estate Grp License #RES.0041183

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,270

Year Built

  • Built in 1902

Lot Details

  • 6,098 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Combination Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 6,574 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 2504
  • Assessor Parcel Number 14241426NARRAGANSETTBLVDCRAN

Community Details

Overview

  • 2 Units
  • Edgewood Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Building Details

  • Operating Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,270

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Subdivision Name: Edgewood
  • Above Grade Finished Sq Ft: 6574.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1902
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Marble
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Combination
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 14241426NARRAGANSETTBLVDCRAN
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 8270.0
  • Tax Lot: 2504
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 15, 2021
Sold by
Pardy Michael
Bought by
Abouelfadi Mohamed and Abouelfadi Terri
Seller's Agent
Nick Pardy
RE/MAX Professionals
Buyer's Agent
Jason Gelfuso
J. Christopher Real Estate Grp
List Price
$599,900
Sold Price
$615,000
Premium/Discount to List
$15,100
2.52%
Current Estimated Value
$870,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,182
Avg. Annual Appreciation
9.11%
Original Mortgage
$461,250
Outstanding Balance
$423,240
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$446,942

Purchase Details

Closed on
Jun 4, 2020
Sold by
Jpar Llc
Bought by
Pardy Michael

Purchase Details

Closed on
Apr 13, 2017
Sold by
Ri Housing & Mtg Fin Cor
Bought by
Ohara Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.3%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abouelfadi Mohamed $615,000 None Available
Pardy Michael $400,000 None Available
Ohara Jacqueline M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abouelfadi Mohamed $461,250
Previous Owner Ohara Jacqueline M $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2021 12/15/21 Sold $615,000 +2.5% $94 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $599,900 +108.3% $91 / Sq Ft
08/15/2018 08/15/18 Sold $288,000 -3.7% $44 / Sq Ft View Prior Sale
07/16/2018 07/16/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $299,000 -- $45 / 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 $9,884 $712,100 $207,900 $504,200
2024 $9,692 $712,100 $207,900 $504,200
2023 $9,510 $503,200 $150,200 $353,000
2022 $8,503 $459,400 $150,200 $309,200
2021 $8,269 $459,400 $150,200 $309,200
2020 $8,036 $386,900 $140,000 $246,900
2019 $8,036 $386,900 $140,000 $246,900
2018 $7,850 $386,900 $140,000 $246,900
2017 $7,561 $329,600 $129,700 $199,900
2016 $7,400 $329,600 $129,700 $199,900
2015 $7,400 $329,600 $129,700 $199,900
2014 $6,225 $303,900 $122,900 $181,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1296334

State-Wide MLS

APN: CRAN-000002-000002-002504