NOT LISTED FOR SALE

148 Main St Wakefield, RI 02879

Estimated Value: $1,042,661

4 Beds
5 Baths
3,900 Sq Ft
$267/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $750,000 $192 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,121/month

3 Days on Market

About This Home

As of December 2021

High visibility Main Street location. Corner lot zoned commercial (CD) in the heart of Wakefield- just under 1/2 acre, with Town water and sewer. CD zoning permits a wide variety of uses including financial institutions, professional offices, medical or dental offices, veterinary office/hospital, retail, restaurant, educational institutions, mixed use, etc. Financial institutions are permitted an accessory drive-up window by special use permit. Currently 2 buildings (ca 1867), each with an office on the 1st floor and apartments on the 2nd floor. Separate electric meters for each unit - amperage varies. Tenant owned property excluded from sale. Buyers are advised to confirm that intended use meets all zoning requirements. Buildings are to be sold "as is" and any inspections are for Buyer's personal information only. Plenty of paved parking.

Last Agent to Sell the Property

Jason Vickers

Lila Delman Compass License #REB.0019870 Listed on: 11/12/2021

Last Buyer's Agent

Jason Vickers

Lila Delman Compass License #REB.0019870 Listed on: 11/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,628

Year Built

  • Built in 1867

Lot Details

  • 0.46 Acre Lot

Home Design

  • Combination Foundation
  • Shingle Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 148146MAINSTSKNG

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Downtown Wakefield Subdivision

Building Details

  • Operating Expense $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,628

Year Built

Built in 1867

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.46
  • Subdivision Name: Downtown Wakefield
  • Above Grade Finished Sq Ft: 3900.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1867
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 2
  • Appliances: Electric Water Heater
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Shingle Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Oil
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20038.0
  • Parcel #: 148146MAINSTSKNG
  • Zoning: CD
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 7628.0
  • Tax Lot: 61
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 13, 2021
Sold by
Mvickers Llc
Bought by
Virgilio Properties Llc
Seller's Agent
Jason Vickers
Lila Delman Compass
Buyer's Agent
Jason Vickers
Lila Delman Compass
List Price
$789,000
Sold Price
$750,000
Premium/Discount to List
-$39,000
-4.94%
Current Estimated Value
$1,042,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,661
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Jul 29, 2021
Sold by
Cavanagh Roderick A and Cavanagh Elizabetrh A
Bought by
Mvickers Llc

Purchase Details

Closed on
Jul 20, 1982
Bought by
Cavanagh Roderick A J and Cavanagh Elizabeth A
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
Virgilio Properties Llc $750,000 None Available
Mvickers Llc $575,000 None Available
Cavanagh Roderick A J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $750,000 -4.9% $192 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $789,000 -- $202 / 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 $7,112 $795,500 $392,300 $403,200
2024 $7,746 $701,000 $297,800 $403,200
2023 $7,619 $689,500 $297,800 $391,700
2022 $7,550 $689,500 $297,800 $391,700
2021 $7,628 $527,900 $268,700 $259,200
2020 $7,628 $527,900 $268,700 $259,200
2019 $7,628 $527,900 $268,700 $259,200
2018 $7,116 $453,800 $239,700 $214,100
2017 $6,948 $453,800 $239,700 $214,100
2016 $6,848 $453,800 $239,700 $214,100
2015 $7,240 $466,500 $276,100 $190,400
2014 $7,221 $466,500 $276,100 $190,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1297994

State-Wide MLS

APN: SKIN-005701-000000-000061