3 Oswego Trail Narragansett, RI 02882
6
Beds
3
Baths
3,360
Sq Ft
5,009
Sq Ft Lot
Highlights
- Marina
- Water Views
- Golf Course Community
- Narragansett Elementary School Rated A
- Beach Access
- Colonial Architecture
About This Home
As of June 2023Welcome 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.
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,118
Avg. Annual Appreciation
11.27%
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
7.35%
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
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $565,000 | -- | |
| Deed | $480,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $363,800 | No Value Available | |
| Previous Owner | $384,000 | No Value Available | |
| Previous Owner | $384,000 | Purchase Money Mortgage | |
| Previous Owner | $48,000 | No Value Available |
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
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
-
Seller's Agent in 2023
Bridgette Soby
Mott & Chace Sotheby's Intl.
(401) 662-7969
16 in this area
112 Total Sales
-
P
Buyer's Agent in 2023
Premier Group
Century 21 Limitless PRG
(401) 288-3600
2 in this area
560 Total Sales
-
R
Seller's Agent in 2015
Robert Countie
RI Real Estate Services
Map
Source: State-Wide MLS
MLS Number: 1334887
APN: NARR-001223-000000-000000NR
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