NOT LISTED FOR SALE

250 Ocean Rd Narragansett, RI 02882

Estimated Value: $1,810,000 - $4,641,000

4 Beds
2 Baths
2,365 Sq Ft
$1,397/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $5,925,000 $2,505 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $20,242/month

3 Days on Market

Highlights

  • Marina
  • Ocean Front
  • 1.01 Acre Lot
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Deck

About This Home

As of September 2022

This stunning oceanfront home sits on over an acre of land and offers phenomenal, 180-degree views of the incredible ocean. Enjoy the shoreline waves, cool ocean breeze, and the endless vessels sailing and motoring on to their next port. Be lulled by the crashing of the waves on the rocky shoreline. This is serenity at its finest. An open kitchen pours into a dining/great room space that serves as a welcoming gathering spot, perfect for entertaining. Hardwoods, with a nautical flair stenciling design, run throughout and add to the home's character. High ceilings & walls of windows create a bright & inviting atmosphere. Steps away, you'll find a massive living room with a peaked ceiling, unique windows, a stone fireplace & French doors. Step down to the rolling, green lawn, edged by Rosa Rugosa bushes which blend beautifully into the coastline. Enjoy a magnificent primary bedroom that also shares these eastern views of the water from a private entrance out to the porch. 3 other spacious bedrooms share two full bathrooms. Laundry is conveniently located on the main level. A basement spanning the entire footprint provides ample room for a play area, home gym, or office. This home is move-in ready; eager to welcome its next owners. The property, afforded privacy by a long and winding driveway off Ocean Road, is ideally situated under a mile away from the bustling town square. Serenity. Privacy. Endless ocean views. One floor living. Home.

Last Agent to Sell the Property

Midge Berkery

Mott & Chace Sotheby's Intl. License #RES.0034614 Listed on: 08/31/2022

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Ruth Bellino

Lila Delman Compass License #RES.0031933

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,024

Year Built

  • Built in 1993

Lot Details

  • 1.01 Acre Lot
  • Ocean Front
  • Property is zoned R80

Home Design

  • Shingle Siding

Interior Spaces

  • 2,365 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Storage Room
  • Utility Room
  • Water Views
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 10 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2A
  • Assessor Parcel Number 250OCEANRDNARR

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Additional Features

  • Ocean Road Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,024

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0101
  • Subdivision Name: OCEAN ROAD
  • Above Grade Finished Sq Ft: 2365.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Other, Carpet
  • Interior Amenities: Attic, Bathtub, Tub Shower
  • Living Area: 2365.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Ocean Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer, Unknown
  • Utilities: Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44000.0
  • Parcel #: 250OCEANRDNARR
  • Zoning: R80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 27024.0
  • Tax Lot: 2A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Sep 30, 2022
Sold by
Vickers Michael and Vickers Lesley G
Bought by
Vickers Michael and Vickers Lesley G
Seller's Agent
Midge Berkery
Mott & Chace Sotheby's Intl.
Buyer's Agent
Ruth Bellino
Lila Delman Compass
List Price
$5,525,000
Sold Price
$5,925,000
Premium/Discount to List
$400,000
7.24%
Views
38
Current Estimated Value
$3,296,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,628,903
Avg. Annual Appreciation
-18.79%

Purchase Details

Listed on
Aug 31, 2022
Closed on
Sep 28, 2022
Sold by
Richard F Carolan T
Bought by
Vickers Michael and Vickers Lesley G
Seller's Agent
Midge Berkery
Mott & Chace Sotheby's Intl.
Buyer's Agent
Ruth Bellino
Lila Delman Compass
List Price
$5,525,000
Sold Price
$5,925,000
Premium/Discount to List
$400,000
7.24%
Views
38

Purchase Details

Closed on
Feb 16, 2011
Sold by
Carolan Family Ocean R
Bought by
Essex Llc

Purchase Details

Closed on
Dec 17, 1999
Sold by
Skeffington James J and Skeffington Barbara J
Bought by
Carolan Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.81%

Purchase Details

Closed on
Sep 13, 1999
Sold by
James Jay Z and James Patricia R
Bought by
Skeffington James J and Skeffington Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
7.65%
Source: Public Records

Range of Values:

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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
Vickers Michael -- None Available
Vickers Michael $2,962,500 None Available
Vickers Michael $2,962,500 None Available
Essex Llc -- --
Carolan Richard F $1,115,000 --
Skeffington James J $1,115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Skeffington James J $840,000
Previous Owner Skeffington James J $883,000
Previous Owner Skeffington James J $1,000,000
Previous Owner Skeffington James J $992,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $5,925,000 +7.2% $2,505 / Sq Ft
09/03/2022 09/03/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $5,525,000 0.0% $2,336 / Sq Ft
06/29/2022 06/29/22 Rented $10,000 -14.3% --
06/03/2022 06/03/22 For Rent $11,670 +295.6% --
10/07/2021 10/07/21 Rented $2,950 -22.4% --
09/07/2021 09/07/21 Under Contract -- -- --
08/11/2021 08/11/21 For Rent $3,800 +8.6% --
09/16/2020 09/16/20 For Rent $3,500 0.0% --
09/16/2020 09/16/20 Rented $3,500 -- --
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 $26,339 $4,021,200 $3,530,600 $490,600
2023 $27,955 $3,002,700 $2,678,600 $324,100
2022 $27,024 $3,002,700 $2,678,600 $324,100
2021 $26,604 $3,002,700 $2,678,600 $324,100
2020 $26,010 $2,481,900 $2,179,200 $302,700
2019 $25,390 $2,481,900 $2,179,200 $302,700
2018 $24,695 $2,481,900 $2,179,200 $302,700
2017 $24,851 $2,353,300 $2,092,200 $261,100
2016 $23,721 $2,353,300 $2,092,200 $261,100
2015 $23,392 $2,353,300 $2,092,200 $261,100
2014 $23,304 $2,321,100 $2,092,200 $228,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1318790

State-Wide MLS

APN: NARR-000134-E000000-000002A