NOT LISTED FOR SALE

Estimated Value: $397,388 - $495,000

4 Beds
2 Baths
1,683 Sq Ft
$272/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $355,000 $211 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,834/month

52 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Guest House
  • Colonial Architecture
  • Recreation Facilities

About This Home

As of June 2021

Outstanding opportunity for an INVESTOR or OWNER-OCCUPANT. This 2-unit property consists of a 1032sf main house with 2 beds, 1.5 baths AND a 651sf cottage with 2 beds and 1 bath. The 1st floor of the main house features a large galley kitchen with stainless appliances, half bathroom, ample room for a dining area and a large living room. Upstairs offers 2 bedrooms and a full bathroom with tub and shower. Additional features of the main home include: hardwoods floors throughout, a Navien on-demand gas heat, washer/dryer, replacement windows and basement storage space. The cottage sits in the rear of the property and was thoroughly updated just a few years ago. A white kitchen with granite counters and stainless steel appliances opens up to the living room with hardwood floors. A renovated bathroom with a standup shower and 2 bedrooms complete the cottage. Current rents are $1500 for the main house (current tenants are month-to-month) and $1300 for the cottage (lease expires in 8/31/2021). Tenants pay for their own heat & electric. Landlord pays for water & sewer. This is rare turnkey opportunity for an owner occupant to have part of their mortgage paid for by the tenant!

Last Agent to Sell the Property

Brendan McLaughlin

Real Broker, LLC License #RES.0040512 Listed on: 03/24/2021

Real Broker, LLC

Co-Listed By

Nick Pardy

RE/MAX Professionals License #RES.0040238

Last Buyer's Agent

Nathan Clark

Your Home Sold Guaranteed, NCT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,732

Year Built

  • Built in 1925

Lot Details

  • 3,920

Home Design

  • Colonial Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,683 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Patio
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 3,920 Sq Ft Lot
  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 0225
  • Assessor Parcel Number 15TRANSITSTWARW

Community Details

Overview

  • Conimicut Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,732

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: LVGP
  • Co List Office Phone: 855-450-0442
  • Subdivision Name: CONIMICUT
  • Above Grade Finished Sq Ft: 1683.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1925
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 1683.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch, Patio, Paved Driveway
  • Foundation Details: Block
  • Other Structures: Guest House
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • 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
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 15TRANSITSTWARW
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Annual Amount: 3732.0
  • Tax Lot: 0225
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 15, 2021
Sold by
Russo Ryan W
Bought by
Mclaughlin Timothy X and Medeiros Jade
Seller's Agent
Brendan McLaughlin
Real Broker, LLC
Buyer's Agent
Nathan Clark
Your Home Sold Guaranteed, NCT
List Price
$349,800
Sold Price
$355,000
Premium/Discount to List
$5,200
1.49%
Current Estimated Value
$457,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,097
Avg. Annual Appreciation
6.03%
Original Mortgage
$348,061
Outstanding Balance
$315,126
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$141,971

Purchase Details

Listed on
Mar 25, 2017
Closed on
Jul 31, 2017
Sold by
Department Of Housing & Urban Dev
Bought by
Russo Ryan W
Seller's Agent
Premier Group
Century 21 Limitless PRG
Buyer's Agent
Paul Zarrella
Williams & Stuart Real Estate
List Price
$192,000
Sold Price
$156,580
Premium/Discount to List
-$35,420
-18.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.55%
Original Mortgage
$156,580
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2017
Sold by
Freedom Mortgage Corp
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Feb 27, 2014
Sold by
Freitas Anna and Fnma
Bought by
Freedom Mortgage Corp

Purchase Details

Closed on
Oct 31, 2007
Sold by
Soares Jose C and Soares Anna M
Bought by
Freitas Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.43%
Mortgage Type
Commercial
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
Mclaughlin Timothy X $355,000 None Available
Mclaughlin Timothy X $355,000 None Available
Russo Ryan W $156,580 --
Russo Ryan W $156,580 --
Department Of Housing & Urban Dev -- --
Department Of Housing & Urban Dev -- --
Freedom Mortgage Corp $258,869 --
Freedom Mortgage Corp $258,869 --
Freitas Anna $240,000 --
Freitas Anna $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Timothy X $348,061
Closed Mclaughlin Timothy X $348,061
Previous Owner Russo Ryan W $156,580
Previous Owner Freitas Anna $206,552
Previous Owner Freitas Anna $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2021 06/15/21 Sold $355,000 +1.5% $211 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $349,800 0.0% $208 / Sq Ft
07/14/2020 07/14/20 For Rent $1,500 0.0% --
07/14/2020 07/14/20 Rented $1,500 0.0% --
08/04/2017 08/04/17 Sold $156,580 -18.4% $100 / Sq Ft View Prior Sale
07/05/2017 07/05/17 Pending -- -- --
03/25/2017 03/25/17 For Sale $192,000 -- $123 / 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 $4,813 $332,600 $90,200 $242,400
2023 $4,720 $332,600 $90,200 $242,400
2022 $3,883 $207,300 $54,300 $153,000
2021 $3,783 $202,000 $54,300 $147,700
2020 $3,731 $199,200 $54,300 $144,900
2019 $3,731 $199,200 $54,300 $144,900
2018 $3,192 $157,700 $52,300 $105,400
2017 $3,192 $157,700 $52,300 $105,400
2016 $3,192 $157,700 $52,300 $105,400
2015 $3,086 $148,700 $49,400 $99,300
2014 $2,983 $148,700 $49,400 $99,300
2013 $2,943 $148,700 $49,400 $99,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1278298

State-Wide MLS

APN: WARW-000331-000225-000000