NOT LISTED FOR SALE

242 Terrace Ave Riverside, RI 02915

Riverside Neighborhood

Estimated Value: $568,000 - $725,000

3 Beds
2 Baths
1,668 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 08, 2014

Last sale price $250,000 $150 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $3,863/month

219 Days on Market

Highlights

  • Marina
  • Beach Access
  • Colonial Architecture
  • Water Views
  • Golf Course Community
  • Deck

About This Home

As of August 2014

Relax in modern comfort+scenic seaside "Terrace", near bike path, waterfrnt park, beach, PROV dwntwn amenities! NEWly renov'd thru-out: super energy-effi, space+storage galore, open LR/DR, handsome FP, deck+ Lower tax w/ exemptn. See it for yourself!

Last Agent to Sell the Property

Ted Ngo

HomeSmart Professionals License #RES.0031313 Listed on: 12/01/2013

HomeSmart Professionals

Last Buyer's Agent

Ted Ngo

Block Island Rentals Online

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,271

Year Built

  • Built in 1910

Lot Details

  • 5,000 Sq Ft Lot
  • Corner Lot
  • Property is zoned R3

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,668 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Thermal Windows
  • Water Views

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number 242TERRACEAVEPRO

Community Details

Overview

  • Narragansett Terrace Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,271

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1148
  • Subdivision Name: NARRAGANSETT TERRACE
  • Above Grade Finished Sq Ft: 1668.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1910
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Cable TV
  • Living Area: 1668.0
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Lot Features: Corner Lot
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Masonry, Vinyl Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • 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

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 242TERRACEAVEPRO
  • Zoning: R3

Tax Info

  • Tax Annual Amount: 5271.0
  • Tax Lot: 012
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Bachini Susan
Bought by
Burns William M
Current Estimated Value
$638,678

Purchase Details

Closed on
Jun 23, 2016
Sold by
Bachini Susan
Bought by
Bachini Susan and Burns William M

Purchase Details

Listed on
Dec 1, 2013
Closed on
Aug 8, 2014
Sold by
Sanford Thodore W and Sanford Theresa A
Bought by
Bachini Susan
Seller's Agent
Ted Ngo
HomeSmart Professionals
Buyer's Agent
Ted Ngo
Block Island Rentals Online
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%

Purchase Details

Closed on
Nov 12, 1993
Sold by
Dearnley Martha E
Bought by
Sanford Theodore W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Burns William M -- None Available
Burns William M -- None Available
Bachini Susan -- --
Bachini Susan $250,000 --
Bachini Susan $250,000 --
Sanford Theodore W $79,000 --
Bachini Susan -- --
Bachini Susan $250,000 --
Sanford Theodore W $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanford Theodore W $128,500
Previous Owner Sanford Theodore W $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2014 08/08/14 Sold $250,000 -19.4% $150 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
12/01/2013 12/01/13 For Sale $310,000 -- $186 / 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
2025 $5,999 $459,000 $129,000 $330,000
2024 $6,107 $398,400 $107,500 $290,900
2023 $5,880 $398,400 $107,500 $290,900
2022 $6,029 $275,800 $85,200 $190,600
2021 $5,930 $275,800 $85,200 $190,600
2020 $5,679 $275,800 $85,200 $190,600
2019 $5,522 $275,800 $85,200 $190,600
2018 $5,677 $248,100 $94,300 $153,800
2017 $5,550 $248,100 $94,300 $153,800
2016 $5,523 $248,100 $94,300 $153,800
2015 $5,311 $231,400 $72,700 $158,700
2014 $5,311 $231,400 $72,700 $158,700
Source: Public Records

Agents Affiliated with this Home

  • Ted Ngo

    Seller's Agent in 2014

    Ted Ngo

    HomeSmart Professionals

    (401) 286-4496

    4 in this area

    20 Total Sales

    Ted Ngo
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Map

Source: State-Wide MLS

MLS Number: 1056190

State-Wide MLS

APN: EPRO-000414-000004-000012

Rhode Island Providence County Riverside 02915 Riverside

242 Terrace Ave, Riverside, RI

Not Listed for Sale

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