16 Paddy Hill Rd Wakefield, RI 02879
7
Beds
4
Baths
2,350
Sq Ft
0.41
Acres
Highlights
- Marina
- Wood Flooring
- Tennis Courts
- Golf Course Community
- Furnished
- 3-minute walk to Old Mountain Field
About This Home
As of August 2024Rare offering! 100% turn-key townhome-style duplex (4br/1.5ba & 3br/1.5ba) set on a quiet half acre oasis in the heart of walkable Wakefield/Peace Dale. Owner-occupied for 15+ years with too many improvements to list and thoughtfully designed with curated furnishings & fixtures now utilized as a cash flowing investment property grossing over $70,000/year. Meticulously maintained both inside and out, large front & back yards with beautiful landscaping, organic garden area, new Lakeside Trading outbuilding and more. Easy walk to both elementary and high schools, library, South County bike path, parks and recreation facilities, shops/dining and all that downtown has to offer, plus just a short drive to URI and area beaches. Ample parking and solid history of both yearly and short-term rental income. (Unit #16 is offered fully furnished and outfitted even down to the linens!). Perfect opportunity for owner-occupied, live/rent, and/or investment property. Shown by appointment only.
Last Agent to Sell the Property
Lighthouse Real Estate Group License #REB.0016227 Listed on: 06/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,673
Year Built
- Built in 1910
Home Design
- Stone Foundation
- Shingle Siding
- Plaster
Interior Spaces
- 2,350 Sq Ft Home
- 2-Story Property
- Furnished
- Thermal Windows
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
- Driveway
Utilities
- Window Unit Cooling System
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- High-Efficiency Water Heater
Additional Features
- Outbuilding
- 0.41 Acre Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 122
- Assessor Parcel Number 1618PADDYHILLRDSKNG
Community Details
Overview
- 2 Units
- Wakefield/Peace Dale Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $9,188
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 7, 2025
Sold by
Kent Renee C and Kent Evan J
Bought by
Paddy Hill Prop Llc
Current Estimated Value
Purchase Details
Listed on
Jun 6, 2024
Closed on
Aug 29, 2024
Sold by
Reiner Jonathan J and Reiner Aimee Y
Bought by
Kent Renee C and Kent Evan J
Seller's Agent
William Litvin
Lighthouse Real Estate Group
Buyer's Agent
Scott Halberg
Compass
List Price
$799,900
Sold Price
$799,900
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%
Original Mortgage
$599,925
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 7, 2007
Sold by
Stueve John M and Tancrell-Stueve Christine
Bought by
Reiner Jonathan J and Reiner Aimee Y
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,100
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Similar Home in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $799,900 | None Available | |
| Warranty Deed | $799,900 | None Available | |
| Warranty Deed | $799,900 | None Available | |
| Deed | $268,000 | -- | |
| Deed | $268,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $599,925 | Purchase Money Mortgage | |
| Previous Owner | $235,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $218,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $254,100 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2024 08/29/24 | Sold | $799,900 | 0.0% | $340 / Sq Ft |
| 08/08/2024 08/08/24 | Pending | -- | -- | -- |
| 06/06/2024 06/06/24 | For Sale | $799,900 | -- | $340 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $3,673 | $332,400 | $119,500 | $212,900 |
| 2023 | $3,673 | $332,400 | $119,500 | $212,900 |
| 2022 | $3,640 | $332,400 | $119,500 | $212,900 |
| 2021 | $3,598 | $249,000 | $98,400 | $150,600 |
| 2020 | $3,598 | $249,000 | $98,400 | $150,600 |
| 2019 | $3,598 | $249,000 | $98,400 | $150,600 |
| 2018 | $3,500 | $223,200 | $95,000 | $128,200 |
| 2017 | $3,417 | $223,200 | $95,000 | $128,200 |
| 2016 | $3,368 | $223,200 | $95,000 | $128,200 |
| 2015 | $3,314 | $213,500 | $89,500 | $124,000 |
| 2014 | $3,305 | $213,500 | $89,500 | $124,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
William Litvin
Lighthouse Real Estate Group
(401) 935-9612
25 in this area
53 Total Sales
-
Buyer's Agent in 2024
Scott Halberg
Compass
(401) 783-9611
24 in this area
60 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1360958
APN: SKIN-004901-000000-000122
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Nearby Homes
- 66 Railroad St
- 52 Spring St
- 46 Stone Bridge Dr
- 25 Dinonsie Way
- 70 Broad Rock Rd
- 190 Broad Rock Rd
- 20 Victory St
- 10 Hendricks St
- 20 Cleveland St
- 0 Vespia Dr Unit 1317499
- 42 Vespia Ln
- 50 Vespia Ln
- 14 Vespia Ln Unit B
- 54 Vespia Ln
- 58 Vespia Ln
- 31 Winter St
- 23 Rockland Dr
- 61 Vespia Ln
- 45 Cherry Ln Unit C
- 45 Cherry Ln Unit E