NOT LISTED FOR SALE

220 Knowlesway Extension Narragansett, RI 02882

Estimated Value: $1,052,000 - $4,149,000

4 Beds
2 Baths
2,377 Sq Ft
$1,225/Sq Ft Est. Value

Last Sold February 08, 2017

Last sale price $1,400,000 $589 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $18,452/month

148 Days on Market

Highlights

  • Beach Front
  • Marina
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Guest House
  • In Ground Pool

About This Home

As of February 2017

Waterfront estate w/deepwater dock on Salt Pond w/southwest exposure for sunset views over water. 2.6 acres, 2400sf 4 bed/2 bath, 2 fireplaces, hardwoods, cozy waterfront sunroom on one level. Inground swimming pool and guest house! Motivated seller!

Last Agent to Sell the Property

Judith Chace

Mott & Chace Sotheby's Intl. License #REC.0016122 Listed on: 08/13/2016

Mott & Chace Sotheby's Intl.

Co-Listed By

Susan Mitchell

Mott & Chace Sotheby's Intl. License #RES.0040434

Last Buyer's Agent

John Krekorian

RE/MAX FLAGSHIP, INC. License #RES.0024980

RE/MAX FLAGSHIP, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,331

Year Built

  • Built in 1938

Lot Details

  • 2.64 Acre Lot
  • Beach Front
  • Private Lot
  • Secluded Lot
  • Corner Lot

Parking

  • 5 Car Garage
  • Driveway

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,377 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Outdoor Features

  • In Ground Pool
  • Walking Distance to Water
  • Deck
  • Patio
  • Outbuilding

Utilities

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

Additional Features

  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 220KNOWLESWAYEXTENSION.NARR

Community Details

Overview

  • Salt Pond/Waterfront Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,331

Year Built

Built in 1938

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.64
  • Co List Office Mls Id: MOCH03
  • Co List Office Phone: 401-789-8899
  • Subdivision Name: SALT POND/WATERFRONT
  • Above Grade Finished Sq Ft: 2377.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1938
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Living Area: 2377.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Private, Secluded
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Dock Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: Attached, Detached, Garage
  • Total Parking Spaces: 15.0

Utilities

  • Security: Security System Owned
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Sewer Available
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 114998.0
  • Parcel #: 220KNOWLESWAYEXTENSION.NARR
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11331.0
  • Tax Lot: 2
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2020
Sold by
5A Builders Llc
Bought by
Petrucci Alexander J and Petrucci Ann J
Current Estimated Value
$2,911,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,738,047
Interest Rate
2.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$710,401

Purchase Details

Listed on
Aug 13, 2016
Closed on
Feb 8, 2017
Sold by
Kitzes David L and Kitzes Mary E
Bought by
5A Builders Llc
Seller's Agent
Judith Chace
Mott & Chace Sotheby's Intl.
Buyer's Agent
John Krekorian
RE/MAX FLAGSHIP, INC.
List Price
$1,875,000
Sold Price
$1,400,000
Premium/Discount to List
-$475,000
-25.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$1,400,000
Interest Rate
4.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 2, 2015
Sold by
Kitzes Mary E and Kitzes Mary E
Bought by
Kitzes David L and Kitzes Mary E
Source: Public Records

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Range of Values:

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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
Petrucci Alexander J -- None Available
5A Builders Llc $1,800,000 --
Kitzes David L -- --
Kitzes David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrucci Alexander J $2,000,000
Previous Owner 5A Builders Llc $1,200,000
Previous Owner 5A Builders Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2017 02/08/17 Sold $1,400,000 -25.3% $589 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
08/13/2016 08/13/16 For Sale $1,875,000 -- $789 / 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 $26,793 $4,090,500 $1,580,500 $2,510,000
2023 $25,818 $2,773,100 $1,031,300 $1,741,800
2022 $24,958 $2,773,100 $1,031,300 $1,741,800
2021 $24,570 $2,773,100 $1,031,300 $1,741,800
2020 $20,592 $1,964,900 $887,600 $1,077,300
2019 $15,337 $1,499,200 $887,600 $611,600
2018 $11,472 $1,153,000 $887,600 $265,400
2017 $12,037 $1,139,900 $842,200 $297,700
2016 $11,490 $1,139,900 $842,200 $297,700
2015 $11,331 $1,139,900 $842,200 $297,700
2014 $11,484 $1,143,800 $842,200 $301,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1134203

State-Wide MLS

APN: NARR-000002-000000-R000001