NOT LISTED FOR SALE

245 Bonnet Point Rd Narragansett, RI 02882

Estimated Value: $1,620,000 - $2,342,545

3 Beds
3 Baths
2,468 Sq Ft
$796/Sq Ft Est. Value

Last Sold December 17, 2018

Last sale price $711,000 $288 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $11,383/month

31 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Beach Access
  • Wood Flooring

About This Home

As of December 2018

Location, location, location! In the first time in over 45 years, this prime location is on the market in a charming beach community setting, with views of Kelly Beach and wonderful sunsets. This over 2,000 sq. ft. one level ranch home features 3 bedrooms, 3 baths, 2 fireplaces, large living room, central air, and a tremendous deck for relaxing and outdoor entertaining with family and friends, all set on park like grounds on large lot. Walk-out lower level with full bath, makes an ideal guest suite. Take a barefoot stroll to a surf beach, for swimming and paddle boarding, or enjoy Wesquage pond for fishing and kayaking, access to boat ramp, and all Bonnet's many amenities!

Last Agent to Sell the Property

Steven Rei

RI Real Estate Services License #RES.0033589 Listed on: 10/16/2018

RI Real Estate Services

Last Buyer's Agent

Laureen Koch

Lila Delman Compass License #RES.0035145

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,106

Year Built

  • Built in 1950

Lot Details

  • 0.32 Acre Lot
  • Fenced
  • Property is zoned R20

Home Design

  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Fireplace Features Masonry
  • Water Views
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 551
  • Assessor Parcel Number 245BONNETPOINTRDNARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,106

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3191
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 2132.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1950
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 336.0
  • Fireplace Features: Masonry, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Living Area: 2468.0
  • Dining Room Type: Bathroom, Laundry
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Dock Access, Water Access, Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Plaster, Clapboard
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13900.0
  • Parcel #: 245BONNETPOINTRDNARR
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6106.0
  • Tax Lot: 551
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Dec 12, 2018
Sold by
Haas Paul F and Haas Margaret E
Bought by
Wrin Gordon M and Wrin Katarina S
Seller's Agent
Steven Rei
RI Real Estate Services
Buyer's Agent
Laureen Koch
Lila Delman Compass
List Price
$789,000
Sold Price
$711,000
Premium/Discount to List
-$78,000
-9.89%
Current Estimated Value
$1,965,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,254,136
Avg. Annual Appreciation
16.10%
Original Mortgage
$532,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wrin Gordon M $711,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wrin Gordon M $470,000
Closed Wrin Gordon M $476,000
Closed Wrin Gordon M $532,000
Previous Owner Haas Margaret E $349,329
Previous Owner Haas Margaret E $105,671
Previous Owner Haas Margaret E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2018 12/17/18 Sold $711,000 -9.9% $288 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $789,000 -- $320 / 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 $11,075 $1,690,900 $687,300 $1,003,600
2023 $5,267 $565,700 $404,300 $161,400
2022 $6,546 $727,300 $404,300 $323,000
2021 $6,444 $727,300 $404,300 $323,000
2020 $6,432 $613,700 $304,300 $309,400
2019 $6,278 $613,700 $304,300 $309,400
2018 $6,106 $613,700 $304,300 $309,400
2017 $6,329 $599,300 $331,500 $267,800
2016 $6,041 $599,300 $331,500 $267,800
2015 $5,957 $599,300 $331,500 $267,800
2014 $6,017 $599,300 $331,500 $267,800
Source: Public Records

Agents Affiliated with this Home

  • Steven Rei

    Seller's Agent in 2018

    Steven Rei

    RI Real Estate Services

    (401) 932-5507

    15 in this area

    54 Total Sales

    Steven Rei
    Section Image
  • Laureen Koch

    Buyer's Agent in 2018

    Laureen Koch

    Lila Delman Compass

    (401) 447-3062

    13 in this area

    41 Total Sales

    Laureen Koch
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1207191

State-Wide MLS

APN: NARR-000551-000000-000000NS

Rhode Island Washington County Narragansett 02882

245 Bonnet Point Rd, Narragansett, RI

This home is located at 245 Bonnet Point Rd, Narragansett, RI 02882 since 16 October 2018 and is currently estimated at $1,965,136, approximately $796 per square foot. This property was built in 1950. 245 Bonnet Point Rd 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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