NOT LISTED FOR SALE

191 Lake Ave Wakefield, RI 02879

Estimated Value: $251,000 - $663,000

4 Beds
2.5 Baths
5,196 Sq Ft
$88/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $900,000 $173 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $2,497/month

58 Days on Market

Highlights

  • Beach Front
  • 0.93 Acre Lot
  • Cathedral Ceiling
  • Marina
  • Deck
  • 1 Fireplace

About This Home

As of October 2019

Rare offering in remarkable Matunuck seaside community...this house is available for the 1st time! Located at the end of Lake Ave. on a picture perfect, just shy of 1 acre, Waterfront lot with private dock. Sit back & relax on your deck... enjoy waterfront living at it's best! This is a legal 2 family consisting of an expansive 3 bedroom Ranch with attached, remodeled 1 bedroom apartment. The lot location and views from mostly every room are simply beautiful! Many possibilities for owner or investor. Call for private showings.

Last Agent to Sell the Property

Doreen Caruso

Broadway Real Estate Group License #RES.0024649 Listed on: 08/03/2019

Broadway Real Estate Group

Last Buyer's Agent

Doreen Caruso

Coldwell Banker Res. Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,378

Year Built

  • Built in 1963

Lot Details

  • 0.93 Acre Lot
  • Beach Front

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 5,196 Sq Ft Home
  • Cathedral Ceiling
  • 1 Fireplace
  • Water Views

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • No Cooling
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 39
  • Assessor Parcel Number 191LAKEAVSKNG

Community Details

Overview

  • 4 Units
  • Matunuck Subdivision

Recreation

  • Marina

Building Details

  • Operating Expense $3,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,378

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.93
  • Subdivision Name: Matunuck
  • Above Grade Finished Sq Ft: 5196.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1963
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cathedral Ceiling(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Plaster, Wood Siding, Shingle Siding
  • Exterior Features: Deck
  • 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: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40603.0
  • Parcel #: 191LAKEAVSKNG
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3500.0

Tax Info

  • Tax Annual Amount: 12378.0
  • Tax Lot: 39
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 1964
Bought by
Lt Joyce E Stapans
Current Estimated Value
$454,667
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
Lt Joyce E Stapans -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $900,000 -17.4% $173 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
08/03/2019 08/03/19 For Sale $1,090,000 -- $210 / 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 $1,715 $191,800 $191,800 $0
2024 $1,779 $161,000 $161,000 $0
2023 $1,779 $161,000 $161,000 $0
2022 $1,763 $161,000 $161,000 $0
2021 $1,896 $131,200 $131,200 $0
2020 $1,896 $131,200 $131,200 $0
2019 $1,896 $131,200 $131,200 $0
2018 $6,253 $398,800 $398,800 $0
2017 $11,150 $728,300 $538,500 $189,800
2016 $10,990 $728,300 $538,500 $189,800
2015 $11,004 $709,000 $511,000 $198,000
2014 $10,975 $709,000 $511,000 $198,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1231239

State-Wide MLS

APN: SKIN-009301-000000-000027