NOT LISTED FOR SALE

220 Knowlesway Extension Narragansett, RI 02882

Estimated Value: $978,000 - $4,305,000

4 Beds
2 Baths
2,377 Sq Ft
$1,315/Sq Ft Est. Value

Last Sold February 08, 2017

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

Est. 123% increase in value since last sale

Current estimated payment $18,865/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

Flagship Real Estate Advisors License #RES.0024980

Flagship Real Estate Advisors

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
$3,124,627

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
Flagship Real Estate Advisors
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
9.73%
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

Range of Values:

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Average Value
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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
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
Previous Owner 5A Builders Llc $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

  • Judith Chace

    Seller's Agent in 2017

    Judith Chace

    Mott & Chace Sotheby's Intl.

    (401) 207-9166

    2 in this area

    12 Total Sales

    Judith Chace
    Section Image
  • Susan Mitchell

    Seller Co-Listing Agent in 2017

    Susan Mitchell

    Mott & Chace Sotheby's Intl.

    (401) 749-3937

    2 in this area

    37 Total Sales

    Susan Mitchell
    Section Image
  • John Krekorian

    Buyer's Agent in 2017

    John Krekorian

    Flagship Real Estate Advisors

    (401) 742-8339

    23 in this area

    93 Total Sales

    John Krekorian
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1134203

State-Wide MLS

APN: NARR-000002-000000-R000001

Rhode Island Washington County Narragansett 02882

220 Knowlesway Extension, Narragansett, RI

This home is located at 220 Knowlesway Extension, Narragansett, RI 02882 since 13 August 2016 and is currently estimated at $3,124,627, approximately $1,314 per square foot. This property was built in 1938. 220 Knowlesway Extension is a home located in Washington County with nearby schools including Narragansett Elementary School, Narragansett Pier Middle School, and Narragansett High School.

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