NOT LISTED FOR SALE

3 Oswego Trail Narragansett, RI 02882

Estimated Value: $1,178,543 - $1,219,000

6 Beds
3 Baths
3,360 Sq Ft
$356/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $900,000 $268 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,774/month

11 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Beach Access
  • Colonial Architecture

About This Home

As of June 2023

Welcome to Bonnet Shores, a sought-after coastal community in Narragansett, RI. This remarkable property is perfect for investors or families seeking a coastal home. 6 beds, 3 baths, and 3300+ sqft, it offers ample room for comfort and entertainment. Minutes from Narragansett Town Beach and a short walk to Kelly Beach, it provides convenient beach access. With potentially generating over $70,000 Yr. in income, makes it a desirable investment. With its prime location and attractive amenities, it attracts vacationers seeking a memorable beachside getaway. Alternatively, if you're looking for a 2nd home for your family, this property offers all the space & amenities needed for a comfortable and enjoyable stay. Inside you'll discover a host of desirable features & upgrades like Trex Decking, new flooring, central air and a well-appointed kitchen. The property also features a high-efficiency wall-mounted heating system, providing optimal comfort and energy efficiency. With flood insurance costing only $600 per year, you can have peace of mind knowing your investment is protected.
So far, the property has been rented for 2 weeks this summer, adding to its income potential. Whether you choose to continue renting or keep it as your own private retreat, this property offers flexibility & financial benefits.
Don't miss out on the opportunity to own a unique property in Bonnet Shores. With its prime location, spacious layout, and attractive income potential, this home is a true gem.

Last Agent to Sell the Property

Bridgette Soby

Mott & Chace Sotheby's Intl. Listed on: 05/04/2023

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Premier Group

Century 21 Limitless PRG

Century 21 Limitless PRG

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 2003

Lot Details

  • 5,009 Sq Ft Lot
  • Property is zoned R-10

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,360 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Water Views
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1223
  • Assessor Parcel Number 3OSWEGOTRLNARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,986

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.115
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 3360.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2003
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Attic, Tub Shower, Furnished, Cable TV
  • Living Area: 3360.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter, Slab

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5009.0
  • Parcel #: 3OSWEGOTRLNARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4986.0
  • Tax Lot: 1223
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
Jun 21, 2023
Sold by
Bonnet Beach House Llc
Bought by
Poulakas William
Seller's Agent
Bridgette Soby
Mott & Chace Sotheby's Intl.
Buyer's Agent
Premier Group
Century 21 Limitless PRG
List Price
$825,000
Sold Price
$900,000
Premium/Discount to List
$75,000
9.09%
Views
20
Current Estimated Value
$1,196,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,136
Avg. Annual Appreciation
10.58%

Purchase Details

Closed on
Jul 15, 2020
Sold by
Connor Mark F and Connor Karen K
Bought by
Bommet Beach House Llc

Purchase Details

Listed on
Jun 22, 2015
Closed on
Nov 3, 2015
Sold by
Grello Anthony P and Grello Meredith A
Bought by
Connor Mark F and Connor Karen K
Seller's Agent
Robert Countie
RI Real Estate Services
Buyer's Agent
Robert Countie
RI Real Estate Services
List Price
$624,000
Sold Price
$565,000
Premium/Discount to List
-$59,000
-9.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$417,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2008
Sold by
Grello Nancy C
Bought by
Grello Anthony P and Grello Meredith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
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
Poulakas William $900,000 None Available
Bommet Beach House Llc -- None Available
Connor Mark F $565,000 --
Grello Anthony P $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Connor Mark F $417,000
Previous Owner Greelo Anthony P $363,800
Previous Owner Greelo Anthony P $384,000
Previous Owner Greelo Anthony P $384,000
Previous Owner Greelo Anthony P $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $900,000 +9.1% $268 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
05/29/2023 05/29/23 For Sale $825,000 +46.0% $246 / Sq Ft
11/03/2015 11/03/15 Sold $565,000 -9.5% $168 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $624,000 -- $186 / 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 $5,482 $836,900 $291,000 $545,900
2023 $5,158 $554,000 $166,300 $387,700
2022 $4,986 $554,000 $166,300 $387,700
2021 $4,908 $554,000 $166,300 $387,700
2020 $4,979 $475,100 $138,400 $336,700
2019 $4,860 $475,100 $138,400 $336,700
2018 $4,526 $454,900 $138,400 $316,500
2017 $4,926 $466,500 $156,900 $309,600
2016 $4,702 $466,500 $156,900 $309,600
2015 $4,637 $466,500 $156,900 $309,600
2014 $4,321 $430,400 $127,500 $302,900
Source: Public Records

Agents Affiliated with this Home

  • Bridgette Soby

    Seller's Agent in 2023

    Bridgette Soby

    Mott & Chace Sotheby's Intl.

    (401) 662-7969

    17 in this area

    115 Total Sales

    Bridgette Soby
    Section Image

  • P

    Buyer's Agent in 2023

    Premier Group

    Century 21 Limitless PRG

    (401) 288-3600

    2 in this area

    539 Total Sales

    Premier Group
    Section Image

  • R

    Seller's Agent in 2015

    Robert Countie

    RI Real Estate Services

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1334887

State-Wide MLS

APN: NARR-001223-000000-000000NR

Rhode Island Washington County Narragansett 02882

3 Oswego Trail, Narragansett, RI

This home is located at 3 Oswego Trail, Narragansett, RI 02882 since 04 May 2023 and is currently estimated at $1,196,136, approximately $355 per square foot. This property was built in 2003. 3 Oswego Trail 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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