Seller's Agent in 2024
Jamie Vangieri
BHHS New England Properties
(401) 742-5779
1 in this area
41 Total Sales
251 Ocean Rd Narragansett, RI 02882
Estimated Value: $1,167,000 - $1,878,000
5
Beds
2.5
Baths
2,958
Sq Ft
$481/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Walking Distance to Water
- Narragansett Elementary School Rated A
- Attic
- Bathtub with Shower
About This Home
As of February 2024Priced to sell! Welcome to 251 Ocean Rd, a delightful seaside coastal retreat in the charming town of Narragansett. This property boasts a prime location just minutes from Narragansett Beach, Pier Marketplace, the historic Towers, & the iconic Coast Guard House. Take a leisurely bike ride down scenic Ocean Road, leading you to the stunning beaches of Narragansett, or explore the nearby coastal towns of Newport and Jamestown.This inviting 5 bedroom, 2.5-bathroom house offers the convenience of single-level living. The main floor features 2 bedrooms, 1.5 baths, a sun-room, living room, a well appointed kitchen and separate area for washer/dryer. Step outside to the expansive lot, where a fenced-in backyard awaits, ideal for pets and play. Mature trees provide privacy and shade, while the deck is perfect for barbecues and soaking up the warm summer breeze from the nearby ocean.The lower level of the home has been previously approved as an accessory unit, offering a private space for extended family. This separate living area comes equipped with a kitchen, full bathroom, 3 additional bedrooms, and a large living room. With its unbeatable location, & versatile accommodations, this house offers endless possibilities for creating cherished memories by the sea. This home needs refreshing but you will have instant equity! Being sold as-is, you can truly make this property your own! Come experience the enchanting allure of coastal living in this one of a kind town.
Last Agent to Sell the Property
BHHS New England Properties License #RES.0035595 Listed on: 10/30/2023
Last Buyer's Agent
BHHS New England Properties License #RES.0035595 Listed on: 10/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,718
Year Built
- Built in 1948
Lot Details
- 0.27 Acre Lot
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Living Room
- Attic
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathtub with Shower
Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Walking Distance to Water
- Deck
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Oil Water Heater
Community Details
- Ocean Road Subdivision
Listing and Financial Details
- Assessor Parcel Number 251OCEANRDNARR
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2023
Closed on
Feb 26, 2024
Sold by
Berndt Richard E
Bought by
Catalano Anthony J
Seller's Agent
Jamie Vangieri
BHHS New England Properties
Buyer's Agent
Jamie Vangieri
BHHS New England Properties
List Price
$1,350,000
Sold Price
$915,000
Premium/Discount to List
-$435,000
-32.22%
Views
418
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
$508,101
Avg. Annual Appreciation
30.46%
Original Mortgage
$732,000
Outstanding Balance
$721,293
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$627,790
Purchase Details
Closed on
Oct 13, 2020
Sold by
Fogarty-Berndt Barbara L
Bought by
Berndt Richard 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 |
|---|---|---|---|
| Catalano Anthony J | $915,000 | None Available | |
| Berndt Richard E | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Catalano Anthony J | $732,000 | |
| Closed | Catalano Anthony J | $732,000 | |
| Previous Owner | Berndt Barbara | $380,000 | |
| Previous Owner | Berndt Barbara | $125,000 | |
| Previous Owner | Berndt Barbara | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2024 02/26/24 | Sold | $915,000 | -7.3% | $309 / Sq Ft |
| 02/08/2024 02/08/24 | Pending | -- | -- | -- |
| 12/26/2023 12/26/23 | Price Changed | $987,000 | -7.8% | $334 / Sq Ft |
| 12/06/2023 12/06/23 | Price Changed | $1,070,000 | -9.3% | $362 / Sq Ft |
| 11/14/2023 11/14/23 | Price Changed | $1,180,000 | -12.6% | $399 / Sq Ft |
| 10/30/2023 10/30/23 | For Sale | $1,350,000 | -- | $456 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $5,568 | $850,000 | $541,300 | $308,700 |
| 2023 | $5,718 | $614,200 | $407,100 | $207,100 |
| 2022 | $5,528 | $614,200 | $407,100 | $207,100 |
| 2021 | $5,442 | $614,200 | $407,100 | $207,100 |
| 2020 | $5,091 | $485,800 | $281,700 | $204,100 |
| 2019 | $4,970 | $485,800 | $281,700 | $204,100 |
| 2018 | $4,834 | $485,800 | $281,700 | $204,100 |
| 2017 | $4,847 | $459,000 | $305,600 | $153,400 |
| 2016 | $4,627 | $459,000 | $305,600 | $153,400 |
| 2015 | $4,562 | $459,000 | $305,600 | $153,400 |
| 2014 | $4,135 | $411,900 | $253,700 | $158,200 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: State-Wide MLS
MLS Number: 1347012
APN: NARR-000190-000000-E000000
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