NOT LISTED FOR SALE

195 Ocean Rd Narragansett, RI 02882

Estimated Value: $1,903,000 - $2,537,000

5 Beds
4 Baths
3,016 Sq Ft
$712/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $1,350,000 $448 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $12,388/month

41 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Beach Access
  • Wine Cellar

About This Home

As of September 2020

You won't want to miss this wonderful home located in the heart of Narragansett Pier. Enjoy everything that the Pier has to offer -steps from home. Beautiful ocean views, the smell of ocean and the sound of the sea are just the beginning of what this delightful home has to offer. Set in the Pier you are steps to the sea wall and a short stroll to one of Rhode Islands most beautiful beaches. Walk to restaurants, coffee shops and boutique shops. All is just part of the life style offered with the lovingly restored vintage Narragansett home. Originally built in 1880, it has been completely renovated embracing the most desirable standards of today while holding on to the charm of its Victorian Roots. Beautifully appointed with a chef kitchen, a stunning master bedroom suite with vaulted beamed ceiling, custom cabinetry, high ceilings and beautiful hardwood floors throughout the home. 8 Foot Privet hedges run along the property line, paved driveway edged in Belgian Block and stone entry pillars create the classic coastal New England style so loved. An added bonus is that this lovely property is actually a Multi-Family and has a legal 2 bedroom rental apartment with its own private entrance and private patio - which makes for the perfect guest quarters for summer visitors, or a wonderful in-law opportunity. The apartment has an established rental history and offers endless rental options. PLEASE VIEW THE VIRTUAL TOUR!

Last Agent to Sell the Property

Pawler Garrahan

Residential Properties Ltd. License #RES.0034215 Listed on: 06/29/2020

Residential Properties Ltd.

Last Buyer's Agent

Kelly Schneider

Mott & Chace Sotheby's Intl. License #RES.0040381

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,459

Year Built

  • Built in 1880

Lot Details

  • 5,771 Sq Ft Lot
  • Security Fence

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Stove
  • Free Standing Fireplace
  • Wine Cellar
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Porch

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 195OCEANRDNARR

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • 2 Units
  • Operating Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,459

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Above Grade Finished Sq Ft: 3016.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace Features: Free Standing
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Tub Shower, Wine Cellar, Wood Burning Stove
  • Dining Room Type: Storage Room, Wine Cellar
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced, Security
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Plaster, Clapboard, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5771.0
  • Parcel #: 195OCEANRDNARR
  • Zoning: R 10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 1500.0

Tax Info

  • Tax Annual Amount: 7459.0
  • Tax Lot: 90
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 9, 2020
Sold by
Benck Richard L and Benck Mary L
Bought by
Arbusto Frederick W
Seller's Agent
Pawler Garrahan
Residential Properties Ltd.
Buyer's Agent
Kelly Schneider
Mott & Chace Sotheby's Intl.
List Price
$1,449,000
Sold Price
$1,350,000
Premium/Discount to List
-$99,000
-6.83%
Current Estimated Value
$2,148,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$798,037
Avg. Annual Appreciation
9.53%

Purchase Details

Closed on
Aug 14, 2009
Sold by
Benck Richard L
Bought by
Benck Richard L and Benck Mary L

Purchase Details

Closed on
Jul 10, 2009
Sold by
Solberg Larry D and Solberg Mary M
Bought by
Benck Richard

Purchase Details

Closed on
Sep 29, 2000
Sold by
Mitchell Cynthia V and Fazzina Catherine V
Bought by
Solberg Larry D and Solberg Mary M

Purchase Details

Closed on
Jul 17, 1996
Sold by
Fredette Joseph B and Fredette Brigitte
Bought by
Villari Cynthia V and Fazzina Catherine V
Source: Public Records

Range of Values:

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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
Arbusto Frederick W $1,350,000 None Available
Benck Richard L -- --
Benck Richard $717,000 --
Solberg Larry D $430,000 --
Villari Cynthia V $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villari Cynthia V $400,000
Previous Owner Villari Cynthia V $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold $1,350,000 -6.8% $448 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $1,449,000 -- $480 / 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 $11,983 $1,829,400 $1,024,700 $804,700
2023 $11,901 $1,278,300 $770,700 $507,600
2022 $11,505 $1,278,300 $770,700 $507,600
2021 $11,326 $1,278,300 $770,700 $507,600
2020 $7,831 $747,200 $399,900 $347,300
2019 $7,644 $747,200 $399,900 $347,300
2018 $7,435 $747,200 $399,900 $347,300
2017 $6,762 $640,300 $349,400 $290,900
2016 $6,454 $640,300 $349,400 $290,900
2015 $7,058 $710,100 $419,200 $290,900
2014 $5,848 $582,500 $290,000 $292,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1257320

State-Wide MLS

APN: NARR-000090-000000-E000000