Seller's Agent in 2020
John Krekorian
Flagship Real Estate Advisors
(401) 742-8339
36 in this area
88 Total Sales
24 Prospect Rd Wakefield, RI 02879
Estimated Value: $627,000 - $957,272
3
Beds
2.5
Baths
3,740
Sq Ft
$218/Sq Ft
Est. Value
Highlights
- Marina
- Beach Access
- Wood Flooring
- Water Views
- Deck
- Recreation Facilities
About This Home
As of July 2020Enjoy Matunuck at it's best at this classic shingle styled summer home perfect for investment, vacation or year-round use. Legal 2 family-home walking distance to the East Matunuck State beach and South Kingstown town beach and the Famous Ocean Mist and Pub and Pizza house , even your own neighborhood market. Take in views of Potter Pond from both units. Vacant unit #24 has 2 beds, 1 bath. Unit #26 has 1 bed, 1 bath and has tenant till May 31 at $1,200 per month. If rented fully summer /winter potential of over $50,000 is possible . Each unit enjoys hardwood flooring and unit 24 was just freshly painted !! Each unit has exterior decks with views of Potter pond in the front. There is also rear decking for outdoor grilling and gathering as well as a shed for storage. Improvements over the years have been newer roof, replacement windows, modern engineered septic system for 3 bedrooms as well as new Viessmann on demand heating systems in each unit. Quick access to the Atlantic Ocean for swimming, surfing, shore fishing and sunbathing and Theatre by the Sea right down the road with awesome Broadway shows. This home is the perfect spot for surfing enthusiasts whether a single person or family you could use one side and rent out the other. So many possibilities to VRBO and or rent seasonally. This is truly a great opportunity for anyone who loves the feel of a small beach town atmosphere and wants convenience of walking to many amenities . . Kowabunga !!! See you soon
Last Agent to Sell the Property
Flagship Real Estate Advisors License #RES.0024980 Listed on: 03/27/2020
Last Buyer's Agent
Flagship Real Estate Advisors License #RES.0024980 Listed on: 03/27/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,715
Year Built
- Built in 1930
Lot Details
- 5,000 Sq Ft Lot
- Fenced
Home Design
- Shingle Siding
Interior Spaces
- 3,740 Sq Ft Home
- Water Views
- Crawl Space
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 4 Parking Spaces
- No Garage
Outdoor Features
- Beach Access
- Water Access
- Walking Distance to Water
- Deck
- Outbuilding
- Porch
Location
- Property near a hospital
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Propane
- 100 Amp Service
- Gas Water Heater
- Septic Tank
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 2426PROSPECTRDSKNG
Community Details
Overview
- 2 Units
- Matunuck Beach Subdivision
Amenities
- Shops
Recreation
- Marina
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2020
Closed on
Jul 1, 2020
Sold by
Pettis Julie E
Bought by
Kaiser Ames and Kaiser Meghan
Seller's Agent
John Krekorian
Flagship Real Estate Advisors
Buyer's Agent
John Krekorian
Flagship Real Estate Advisors
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%
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
$296,318
Avg. Annual Appreciation
8.20%
Original Mortgage
$390,000
Outstanding Balance
$346,468
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$469,850
Purchase Details
Closed on
Jun 1, 2012
Sold by
Pettis Douglas A and Pettis Julie E
Bought by
Pettis Julie E
Purchase Details
Closed on
Feb 28, 2002
Sold by
Abbruzzi Salvatore and Abbruzzi Richard A
Bought by
Pettis Douglas A and Pettis Julie E
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kaiser Ames | $520,000 | None Available | |
| Pettis Julie E | -- | -- | |
| Pettis Douglas A | $286,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kaiser Ames | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/07/2020 07/07/20 | Sold | $520,000 | -5.3% | $139 / Sq Ft |
| 06/07/2020 06/07/20 | Pending | -- | -- | -- |
| 03/27/2020 03/27/20 | For Sale | $549,000 | -- | $147 / 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 | $5,712 | $638,900 | $420,100 | $218,800 |
| 2024 | $6,074 | $549,700 | $352,500 | $197,200 |
| 2023 | $6,074 | $549,700 | $352,500 | $197,200 |
| 2022 | $6,019 | $549,700 | $352,500 | $197,200 |
| 2021 | $6,189 | $428,300 | $287,300 | $141,000 |
| 2020 | $6,189 | $428,300 | $287,300 | $141,000 |
| 2019 | $6,189 | $428,300 | $287,300 | $141,000 |
| 2018 | $5,488 | $350,000 | $229,900 | $120,100 |
| 2017 | $5,359 | $350,000 | $229,900 | $120,100 |
| 2016 | $5,282 | $350,000 | $229,900 | $120,100 |
| 2015 | $5,371 | $346,100 | $220,600 | $125,500 |
| 2014 | $5,358 | $346,100 | $220,600 | $125,500 |
Source: Public Records
Agents Affiliated with this Home
-
John Krekorian
Map
Source: State-Wide MLS
MLS Number: 1249488
APN: SKIN-009301-000000-000005
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