Seller's Agent in 2018
Justin Gallant
J.E. Group Properties
(401) 742-0958
8 in this area
52 Total Sales
17 Barney Ave Wakefield, RI 02879
Estimated Value: $612,000 - $885,000
4
Beds
2
Baths
3,216
Sq Ft
$245/Sq Ft
Est. Value
Highlights
- Water Views
- Deck
- Recreation Facilities
- Water Access
- Wood Flooring
- Bathtub with Shower
About This Home
As of September 2018This is the ONLY multi-unit property available near the beach in South Kingstown, RI! Just a short walk to Matunuck Town Beach, you'll be able to enjoy the summers in your own private get-away where you can rent one - or both - units. Current rents are $1400 and $1200 per week in the summer, and $820 and $780 in the winter season. The upper level has a small view of the ocean, and both units look out onto a beautiful unbuildable natural area behind the property. There are two bedrooms, a full bath and a washer and dryer in each unit. A newer Advantex RX 30 septic system is state of the art and fully up to date. There is ample parking for at least 6 vehicles on the property. Steps from the Ocean Mist and a short stroll to a summer ice cream stand make this property an ideal investment - and beach house - all rolled into one easy to care for package. Enjoy future summers in your own home just steps from the beach and have all the expenses covered by the rental income you can generate! (Please note: Several weeks have already been rented for summer 2018, and tenants are in place for the next winter season. All rental agreements and rental income will transfer with the sale of the property.)
Last Agent to Sell the Property
J.E. Group Properties License #REC.0018555 Listed on: 02/24/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,966
Year Built
- Built in 1974
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Block Foundation
- Shingle Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,216 Sq Ft Home
- 2-Story Property
- Water Views
Kitchen
- Oven
- Range
- Microwave
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 6 Parking Spaces
- No Garage
Outdoor Features
- Water Access
- Walking Distance to Water
- Deck
- Patio
- Outdoor Grill
Utilities
- No Cooling
- Baseboard Heating
- 100 Amp Service
- Electric Water Heater
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Tenant pays for hot water
- Legal Lot and Block 49 / 2
- Assessor Parcel Number 17BARNEYAVSKNG
Community Details
Overview
- 4 Units
- Matunuck Subdivision
Recreation
- Recreation Facilities
Building Details
- Operating Expense $10,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2018
Closed on
Sep 12, 2018
Sold by
Tolcrs Llc
Bought by
Grayeck Mark L
Seller's Agent
Justin Gallant
J.E. Group Properties
Buyer's Agent
Max Heidel
Williams & Stuart Real Estate
List Price
$460,000
Sold Price
$415,000
Premium/Discount to List
-$45,000
-9.78%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,129
Avg. Annual Appreciation
9.09%
Original Mortgage
$311,000
Outstanding Balance
$271,235
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$516,894
Purchase Details
Listed on
Mar 29, 2013
Closed on
Nov 15, 2013
Sold by
Lore Irene S and Kelly Patrica A
Bought by
Tolcrs Llc
Seller's Agent
Alyce Kleczek
Mott & Chace Sotheby's Intl.
Buyer's Agent
Edmund Korb
KEY Real Estate Services
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$250,000
Interest Rate
3.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Grayeck Mark L | $415,000 | -- | |
| Tolcrs Llc | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tolcrs Llc | $311,000 | |
| Previous Owner | Tolcrs Llc | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/12/2018 09/12/18 | Sold | $415,000 | -9.8% | $129 / Sq Ft | |
| 08/13/2018 08/13/18 | Pending | -- | -- | -- | |
| 02/24/2018 02/24/18 | For Sale | $460,000 | +22.7% | $143 / Sq Ft | |
| 11/14/2013 11/14/13 | Sold | $375,000 | -6.3% | $249 / Sq Ft | View Prior Sale |
| 10/15/2013 10/15/13 | Pending | -- | -- | -- | |
| 03/30/2013 03/30/13 | For Sale | $400,000 | -- | $266 / Sq Ft |
Source: State-Wide MLS
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 | $5,387 | $602,600 | $420,100 | $182,500 |
| 2024 | $5,708 | $516,600 | $352,500 | $164,100 |
| 2023 | $5,708 | $516,600 | $352,500 | $164,100 |
| 2022 | $5,657 | $516,600 | $352,500 | $164,100 |
| 2021 | $5,841 | $404,200 | $287,300 | $116,900 |
| 2020 | $5,841 | $404,200 | $287,300 | $116,900 |
| 2019 | $5,841 | $404,200 | $287,300 | $116,900 |
| 2018 | $5,160 | $329,100 | $229,900 | $99,200 |
| 2017 | $5,039 | $329,100 | $229,900 | $99,200 |
| 2016 | $4,966 | $329,100 | $229,900 | $99,200 |
| 2015 | $5,033 | $324,300 | $220,600 | $103,700 |
| 2014 | $5,020 | $324,300 | $220,600 | $103,700 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Gallant
-
Max Heidel
Buyer's Agent in 2018
Max Heidel
Williams & Stuart Real Estate
(401) 440-5955
2 in this area
8 Total Sales
-
Alyce Kleczek
Seller's Agent in 2013
Alyce Kleczek
Mott & Chace Sotheby's Intl.
(401) 225-1311
2 in this area
9 Total Sales
-
E
Buyer's Agent in 2013
Edmund Korb
KEY Real Estate Services
Map
Source: State-Wide MLS
MLS Number: 1183503
APN: SKIN-009202-000000-000049
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