NOT LISTED FOR SALE

242 Putnam Pike Chepachet, RI 02814

Estimated Value: $166,000 - $300,000

3 Beds
1 Bath
864 Sq Ft
$254/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $154,875 $179 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,465/month

61 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Cottage
  • Fogarty Memorial School Rated A-
  • No HOA
  • Baseboard Heating

About This Home

As of May 2024

Introducing 242 Putnam: A high-potential investment opportunity in the sought-after Chepachet community. This two-bedroom cottage, requiring renovations, is set back from the road, offering privacy via a private driveway. The layout includes an open kitchen, hardwood floors, living area with sliders to a rear deck, presenting an excellent opportunity for indoor-outdoor spaces. Situated close to essential amenities, shopping, and with easy highway access, this property is ideally positioned for both convenience and tranquility.This project is ideal for investors looking for a property with significant upside potential. The home needs work, making it a blank canvas for a comprehensive renovation to meet current market demands.

Last Agent to Sell the Property

Joy Riley

Westcott Properties Listed on: 02/21/2024

Last Buyer's Agent

Christopher Woodard

Keller Williams Coastal

Keller Williams Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,977

Year Built

  • Built in 1940

Lot Details

  • 0.48 Acre Lot
  • Property is zoned 0020

Home Design

  • Cottage
  • Concrete Perimeter Foundation

Interior Spaces

  • 864 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Shared Driveway
  • Open Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Shared Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number M:017 B:136,172276

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,977

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1940
  • Buyer Agency: 2.5
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: RealEstateOwned

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • Living Area: 864
  • Spa YN: No
  • MAIN LO: BB4587
  • LIST PRICE PER Sq Ft: 190.86
  • PRICE PER Sq Ft: 179.25
  • MAIN SO: AN7117

Exterior Features

  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Shared Driveway
  • Total Parking Spaces: 1

Utilities

  • Sewer: Private Sewer
  • Cooling: None
  • Heating: Baseboard, Oil
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:017 B:136,172276
  • Zoning: 0020
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.48
  • Lot Size Area: 0.48
  • Lot Size Sq Ft: 20909
  • Lot Size Units: Acres
  • Property Attached YN: No
  • PAGE: 267
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2977
  • Tax Book Number: 439
  • Tax Lot: 136
  • Tax Map Number: 017

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 9, 2024
Sold by
Cwalt Inc and Bk Of Ny Mellon Tr
Bought by
Arthur Joseph and Lacroix John
Seller's Agent
Joy Riley
Westcott Properties
Buyer's Agent
Christopher Woodard
Keller Williams Coastal
List Price
$184,900
Sold Price
$154,875
Premium/Discount to List
-$30,025
-16.24%
Views
936
Current Estimated Value
$219,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,828
Avg. Annual Appreciation
37.82%

Purchase Details

Closed on
Jan 23, 2024
Sold by
Doyle Mark and Bk Of Ny Mellon Tr
Bought by
Cwalt Inc and Bark Of Ny Tr

Purchase Details

Closed on
Mar 7, 2023
Sold by
Doyle Mark
Bought by
Doyle Melanie and Doyle Jason

Purchase Details

Closed on
Jul 28, 2006
Sold by
Spitznagel Emilia and Spitznagel Walter
Bought by
Doyle Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.59%

Purchase Details

Closed on
Jan 2, 2004
Sold by
Spitznagel Patricia
Bought by
Spitznagel Emilia and Spitznagel Walter
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
Arthur Joseph $154,875 None Available
Arthur Joseph $154,875 None Available
Cwalt Inc $198,559 None Available
Cwalt Inc $198,559 None Available
Doyle Melanie -- None Available
Doyle Melanie -- None Available
Doyle Mark $190,000 --
Spitznagel Emilia $140,000 --
Doyle Mark $190,000 --
Spitznagel Emilia $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spitznagel Patricia $200,000
Previous Owner Spitznagel Patricia $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2024 05/23/24 Sold $154,875 -6.1% $179 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/05/2024 04/05/24 Price Changed $164,900 -10.8% $191 / Sq Ft
02/21/2024 02/21/24 For Sale $184,900 -- $214 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $2,895 $208,900 $101,500 $107,400
2023 $2,977 $208,900 $101,500 $107,400
2022 $2,672 $144,900 $65,900 $79,000
2021 $2,672 $144,900 $65,900 $79,000
2020 $2,640 $144,900 $65,900 $79,000
2018 $2,822 $141,100 $48,800 $92,300
2017 $2,784 $141,100 $48,800 $92,300
2016 $2,326 $103,600 $42,800 $60,800
2015 $2,292 $103,600 $42,800 $60,800
2014 $2,255 $103,600 $42,800 $60,800
2013 $2,549 $120,000 $50,300 $69,700
Source: Public Records

Agents Affiliated with this Home

  • Joy Riley

    Seller's Agent in 2024

    Joy Riley

    Westcott Properties

    (401) 952-7887

    5 in this area

    336 Total Sales

    Section Image
  • Christopher Woodard

    Buyer's Agent in 2024

    Christopher Woodard

    Keller Williams Coastal

    (401) 845-9200

    4 in this area

    258 Total Sales

    Christopher Woodard
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73204412

MLS Property Information Network (MLS PIN)

APN: GLOC-000017-000000-000136

Rhode Island Providence County Chepachet 02814

242 Putnam Pike, Chepachet, RI

This home is located at 242 Putnam Pike, Chepachet, RI 02814 since 21 February 2024 and is currently estimated at $219,703, approximately $254 per square foot. This property was built in 1940. 242 Putnam Pike is a home located in Providence County with nearby schools including Fogarty Memorial School, Ponaganset Middle School, and Ponaganset High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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