Seller's Agent in 2022
Peter Hanney
J.E. Group Properties
(401) 267-2011
2 in this area
14 Total Sales
38 Burnside Ave Narragansett, RI 02882
Estimated Value: $982,000 - $1,364,912
3
Beds
2
Baths
1,988
Sq Ft
$607/Sq Ft
Est. Value
Highlights
- Marina
- Water Views
- 2 Fireplaces
- Narragansett Elementary School Rated A
- Wood Flooring
- Furnished
About This Home
As of July 2022Excellent turn-key rental investment opportunity, completely furnished! Watch the cruise ships going to and from Newport while having coffee on the deck, then walk to the beach! This well-kept ranch with unobstructed direct views of the Atlantic Ocean and Scarborough State Beach comes completely furnished! Just move in and enjoy the beach-view living. All brick construction and 1,988 sf on a 10,000 sf lot with municipal water and sewer. On the upper floor are three bedrooms, a full bathroom, and an open space that features a living room, dining area, and kitchen with stainless appliances. The enclosed four-season porch connects to the ocean-view deck. The lower level features a common area with a fireplace, ceramic-tiled floor, two large walk-in closets, a full bathroom, and a two-car attached garage. The large yard has beautiful plantings surrounding the house. Just move in or rent it out immediately, as it is completely furnished. Rental rates for similarly sized houses in the area command up to $20-30k per month in the summer season and $3k+ per month during the academic year.
Last Agent to Sell the Property
J.E. Group Properties License #RES.0044771 Listed on: 06/02/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,402
Year Built
- Built in 1968
Lot Details
- 10,001
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 2-Story Property
- Furnished
- 2 Fireplaces
- Fireplace Features Masonry
- Storage Room
- Utility Room
- Water Views
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Central Air
- Heating System Uses Gas
- Baseboard Heating
- 200+ Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- Walking Distance to Water
- 10,001 Sq Ft Lot
Listing and Financial Details
- Tax Lot 135
- Assessor Parcel Number 38BURNSIDEAVNARR
Community Details
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2021
Closed on
Jul 18, 2022
Sold by
Sandra A Cioe Ft
Bought by
Harrison David C and Lord Jennifer L
Seller's Agent
Peter Hanney
J.E. Group Properties
Buyer's Agent
Kelly Holmes
Mott & Chace Sotheby's Intl.
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
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
$155,978
Avg. Annual Appreciation
4.38%
Original Mortgage
$787,500
Outstanding Balance
$749,216
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$456,762
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harrison David C | $1,050,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Harrison David C | $787,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/18/2022 07/18/22 | Sold | $1,050,000 | -16.0% | $528 / Sq Ft |
| 04/29/2022 04/29/22 | Pending | -- | -- | -- |
| 06/02/2021 06/02/21 | For Sale | $1,250,000 | -- | $629 / 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 | $7,253 | $1,107,300 | $731,200 | $376,100 |
| 2023 | $7,040 | $756,200 | $497,400 | $258,800 |
| 2022 | $6,806 | $756,200 | $497,400 | $258,800 |
| 2021 | $6,700 | $756,200 | $497,400 | $258,800 |
| 2020 | $7,402 | $706,300 | $450,700 | $255,600 |
| 2019 | $7,225 | $706,300 | $450,700 | $255,600 |
| 2018 | $7,028 | $706,300 | $450,700 | $255,600 |
| 2017 | $7,324 | $693,600 | $486,200 | $207,400 |
| 2016 | $6,991 | $693,600 | $486,200 | $207,400 |
| 2015 | $6,894 | $693,600 | $486,200 | $207,400 |
| 2014 | $6,964 | $693,600 | $486,200 | $207,400 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Hanney
-
Kelly Holmes
Buyer's Agent in 2022
Kelly Holmes
Mott & Chace Sotheby's Intl.
(914) 497-7603
13 in this area
70 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1284461
APN: NARR-000135-000000-S000000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Nearby Homes
- 64 Burnside Ave
- 16 Newport Ln
- 27 Foster Ln
- 41 Fox Dr
- 660 Point Judith Rd Unit D2
- 8 Knowlesway
- 45 Durkin Dr
- 1044 Ocean Rd
- 1046 Ocean Rd
- 576 Point Judith Rd
- 0 Daytona Ave
- 31 E Pond Rd
- 101 Kenyon Farm Rd
- 17 Goose Island Rd
- 20 Marine Dr
- 0 Houston Ave
- 147 Foddering Farm Rd
- 1125 Point Judith Rd Unit B6
- 6 Pendleton Place
- 110 Houston Ave