NOT LISTED FOR SALE

Estimated Value: $544,000 - $649,000

4 Beds
2 Baths
3,686 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $349,900 $95 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,586/month

41 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Deck
  • Marina
  • Solar Power System
  • Wood Flooring

About This Home

As of April 2020

Unbelievable opportunity to own an investment property on the water! Live in one unit while tenant pays mortgage!! Kayak from your own back yard! Enjoy amazing water views of Narragansett Bay from the upper story deck! Walk a few blocks to Conimicut Point Park where you will find a sandy beach, grassy park and a playground! Walking distance to Conimicut Village. Watch fabulous fireworks displays from all areas of the state across the bay! This well maintained property needs nothing but for you to move in! Each unit offers 2 bedrooms and one bath. Second floor over-sized deck, great yard and 2 car detached garage. Vinyl sided and solar panels for electric. Younger roof, separated utilities. Do not hesitate to call for a private showing! Subject to seller finding suitable housing.

Last Agent to Sell the Property

Lauren Grilli

RI Real Estate Services License #RES.0030171 Listed on: 02/18/2020

RI Real Estate Services

Last Buyer's Agent

Bruce Lane

Lane Ceceri Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,046

Year Built

  • Built in 1910

Lot Details

  • 0.26 Acre Lot
  • Beach Front

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,686 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 97
  • Assessor Parcel Number 160OLDMILLBLVDWARW

Community Details

Overview

  • 2 Units
  • Conimicut Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,046

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2554
  • Subdivision Name: Conimicut
  • Above Grade Finished Sq Ft: 3686.0
  • Garage Yn: Yes
  • New Construction: No
  • Green Power: Solar
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Tub Shower, Cable TV
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 12.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Marina, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11125.0
  • Parcel #: 160OLDMILLBLVDWARW
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6046.0
  • Tax Lot: 97
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 20, 2020
Sold by
Howley Renee L
Bought by
Labbe Renee
Seller's Agent
Lauren Grilli
RI Real Estate Services
Buyer's Agent
Bruce Lane
Lane Ceceri Group
List Price
$349,900
Sold Price
$349,900
Current Estimated Value
$590,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,663
Avg. Annual Appreciation
9.58%
Original Mortgage
$138,000
Outstanding Balance
$122,449
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$468,114

Purchase Details

Listed on
Mar 31, 2014
Closed on
Aug 29, 2014
Sold by
Perry Louise M and Perry Gretchen Greene
Bought by
Stgermain Cory
Seller's Agent
Chris Whitten
Premeer Real Estate
Buyer's Agent
Richard Wixted
New England, Realtor
List Price
$349,900
Sold Price
$270,000
Premium/Discount to List
-$79,900
-22.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$265,109
Interest Rate
4.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2007
Sold by
Flowers Jeffrey D and Flowers Jane D
Bought by
Perry Louise M and Perry Gretchen Greene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1993
Sold by
Day Henry E
Bought by
Flowers Jeffrey D and Donovan Jane M
Source: Public Records
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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
Labbe Renee -- None Available
Labbe Renee -- None Available
Labbe Renee -- None Available
Stgermain Cory $270,000 --
Perry Louise M $405,000 --
Flowers Jeffrey D $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labbe Renee $138,000
Closed Labbe Renee $138,000
Previous Owner Flowers Jeffrey D $265,109
Previous Owner Flowers Jeffrey D $324,000
Previous Owner Flowers Jeffrey D $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2020 04/30/20 Sold $349,900 0.0% $95 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $349,900 +29.6% $95 / Sq Ft
08/29/2014 08/29/14 Sold $270,000 -22.8% $140 / Sq Ft View Prior Sale
07/30/2014 07/30/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $349,900 -- $181 / 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 $6,339 $499,100 $198,700 $300,400
2024 $5,658 $391,000 $172,800 $218,200
2023 $5,548 $391,000 $172,800 $218,200
2022 $6,082 $324,700 $131,200 $193,500
2021 $6,046 $322,800 $131,200 $191,600
2020 $6,046 $322,800 $131,200 $191,600
2019 $6,046 $322,800 $131,200 $191,600
2018 $5,331 $263,400 $131,200 $132,200
2017 $5,331 $263,400 $131,200 $132,200
2016 $5,331 $263,400 $131,200 $132,200
2015 $6,528 $314,600 $181,800 $132,800
2014 $6,311 $314,600 $181,800 $132,800
2013 $6,226 $314,600 $181,800 $132,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1247501

State-Wide MLS

APN: WARW-000334-000097-000000