NOT LISTED FOR SALE

29 Lake Rd Narragansett, RI 02882

Estimated Value: $1,142,000 - $1,280,000

3 Beds
2.5 Baths
1,692 Sq Ft
$708/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $699,900 $414 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $7,165/month

38 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Contemporary Architecture
  • Narragansett Elementary School Rated A
  • Spa
  • Wooded Lot

About This Home

As of September 2020

Chic interior coastal living offers open floor plan, panoramic water views of Wesquage Pond in the heart of Bonnet Shores private beach community. Short walk to Bonnet Shores beach. spacious kitchen with new appliances leads to vaulted ceiling great room and dining area with water views and plenty of natural light. Expansive wall of brand new Pella French doors to outdoor deck Tranquil, private setting amongst woodland and wildlife. Featuring three levels of living space, this 3 (plus) bedroom, 2.5 bath home has large bedrooms with access to private decks. Fully finished lower level was of glass doors leads to a lounging patio and yard. Also includes second large family room with possible 4th bedroom plus an extra room/office. New roof, insulation, flooring and new heating system on lower level, Lighting, switches and outlets updated. New interior and exterior paint. Attached garage, A/C throughout. Connected to central sewers & water. Large attached storage shed & outdoor shower installed in 2020. Parking u;p to 6 cars. Low taxes, low utility costs make this a perfect year round home, summer beach cottage or investment property. Proven rental history. Priced below marketer value, will not last

Last Agent to Sell the Property

Edward Fracassa

Abbott Properties, LLC License #RES.0013035 Listed on: 07/01/2020

Last Buyer's Agent

Edward Fracassa

Abbott Properties, LLC License #RES.0013035 Listed on: 07/01/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,174

Year Built

  • Built in 1991

Lot Details

  • Wooded Lot
  • Property is zoned R10

HOA Fees

  • $41 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Game Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Spa
  • Beach Access
  • Mooring

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 745
  • Assessor Parcel Number 29LAKERDNARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,174

Year Built

Built in 1991

Lot Details

0

HOA Fees

$41 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: BONNET SHORES
  • Above Grade Finished Sq Ft: 1620.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1991
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 72.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower, Furnished
  • Living Area: 1692.0
  • Dining Room Type: Game Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Wooded, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Mooring, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Gas, Propane
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Sewer Assessment(s)
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Recreation Area, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 494.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 0.12
  • Parcel #: 29LAKERDNARR
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5174.0
  • Tax Lot: 745
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Sep 8, 2020
Sold by
Jackson Kathryn A
Bought by
Santos Michael W and Santos Jill M
Seller's Agent
Edward Fracassa
Abbott Properties, LLC
Buyer's Agent
Edward Fracassa
Abbott Properties, LLC
List Price
$699,900
Sold Price
$699,900
Current Estimated Value
$1,198,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$498,800
Avg. Annual Appreciation
11.43%

Purchase Details

Listed on
Oct 17, 2016
Closed on
Feb 10, 2017
Sold by
Henley Marianne and Mccormick Patricia A
Bought by
Etling Laird and Jackson Kathryn A
Seller's Agent
Sharon Ford
RI Real Estate Services
Buyer's Agent
Edward Fracassa
Abbott Properties, LLC
List Price
$549,900
Sold Price
$485,000
Premium/Discount to List
-$64,900
-11.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$368,000
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Santos Michael W $699,900 None Available
Etling Laird $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Etling Laird $368,000
Previous Owner Jackson Kathryn A $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $699,900 0.0% $414 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $699,900 +44.3% $414 / Sq Ft
02/10/2017 02/10/17 Sold $485,000 -11.8% $318 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
10/17/2016 10/17/16 For Sale $549,900 -- $361 / 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 $7,109 $1,085,400 $631,100 $454,300
2023 $6,348 $681,800 $371,300 $310,500
2022 $6,136 $681,800 $371,300 $310,500
2021 $6,041 $681,800 $371,300 $310,500
2020 $5,174 $493,700 $279,500 $214,200
2019 $5,051 $493,700 $279,500 $214,200
2018 $4,912 $493,700 $279,500 $214,200
2017 $5,041 $477,400 $279,400 $198,000
2016 $4,812 $477,400 $279,400 $198,000
2015 $4,745 $477,400 $279,400 $198,000
2014 $4,967 $494,700 $279,400 $215,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1257788

State-Wide MLS

APN: NARR-000745-000000-000000NR