NOT LISTED FOR SALE

3 Branch Rd Narragansett, RI 02882

Estimated Value: $1,152,000 - $1,411,000

3 Beds
3 Baths
2,785 Sq Ft
$478/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $978,601 $351 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,289/month

11 Days on Market

Highlights

  • Marina
  • Water Views
  • Colonial Architecture
  • Narragansett Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of February 2022

Wesquage Pond Waterfront Home on an oversized lot in desirable Bonnet Shores. One owner. Home features exceptional waterviews and gorgeous sunsets. Open & bright home boasting a large great room, kitchen and dining with sliders to deck. Master suite & bathroom plus 2 additional bedrooms and bathoom. First floor has gorgeous slate floors, summer kitchen, family room open to patio, plenty of storage, garage and 3 bathhouses to change in after a day on the water. Beautiful knotty pine walls and ceilings, AC and 2x6 construction. Home was remodelled in 1983, but needs some TLC. Private dock assent in 1996 for your boating needs. The water views are exceptional from every room. Relax on expansive deck overlooking the pond, wildlife and abutting conservation land. Soooo private and serene! Enjoy beach life of kayaking, paddling boarding, fishing and skating in the winter. Walk to Kelley Beach, boat ramp, pickleball cts, playground and all Bonnet amenities. Great seaside waterfront living. Also, view lot across the street at mls 1301044. HIGHEST and BEST OFFERS due TUES at NOON with P and S Agreement, signed disclosures, proof of funds/pre-app.

Last Agent to Sell the Property

Sharon Ford

RI Real Estate Services License #RES.0028353 Listed on: 01/07/2022

RI Real Estate Services

Last Buyer's Agent

Jean Albert

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,542

Year Built

  • Built in 1938

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Fixer Upper
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,785 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Water Views
  • Permanent Attic Stairs
  • Storm Doors

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

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

Utilities

  • Zoned Heating and Cooling System
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 281
  • Assessor Parcel Number 3BRANCHRDNARR

Community Details

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • Bonnet Shores Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,542

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 2785.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1938
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Exhaust Fan, Electric Water Heater, Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Other, Vinyl, Carpet
  • Interior Amenities: Attic, Permanent Attic Stairs, Cable TV
  • Living Area: 2785.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Waterfront
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Dock Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Wood Siding, Vinyl Siding
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Built In, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.0
  • Parcel #: 3BRANCHRDNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6542.0
  • Tax Lot: 281
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2024
Sold by
Gersten Richard S and Gersten Victoria A
Bought by
Gersten Jonah M and Gerstern Gabriel J
Current Estimated Value
$1,226,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$978,601
Outstanding Balance
$976,074
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$263,480
Source: Public Records

Range of Values:

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Average Value
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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
Gersten Jonah M $978,601 None Available
Gersten Jonah M $978,601 None Available
Gersten Jonah M $978,601 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gersten Jonah M $978,601
Closed Gersten Jonah M $978,601
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $978,601 +8.9% $351 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $899,000 -- $323 / 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 $6,912 $1,055,200 $777,500 $277,700
2023 $6,875 $738,400 $457,400 $281,000
2022 $6,646 $738,400 $457,400 $281,000
2021 $6,542 $738,400 $457,400 $281,000
2020 $6,342 $605,200 $344,300 $260,900
2019 $6,191 $605,200 $344,300 $260,900
2018 $6,022 $605,200 $344,300 $260,900
2017 $6,501 $615,600 $381,400 $234,200
2016 $6,205 $615,600 $381,400 $234,200
2015 $6,119 $615,600 $381,400 $234,200
2014 $6,105 $608,100 $381,400 $226,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1301047

State-Wide MLS

APN: NARR-000281-000000-000000NS