NOT LISTED FOR SALE

40 Prospect Ave Unit A-1 Narragansett, RI 02882

Estimated Value: $446,000 - $575,000

1 Bed
1 Bath
640 Sq Ft
$250/mo HOA Fee

Last Sold July 01, 2020

Last sale price $275,500 $430 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,028/month

15 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Narragansett Elementary School Rated A
  • Wood Flooring
  • Walking Distance to Water

About This Home

As of July 2020

Walk to Narragansett Town Beach, tennis, park, restaurants, shopping, and all amenities of Narragansett from this lovely condominium tucked away in a quiet cul de sac in the popular Pier neighborhood of Narragansett. The beautifully updated open concept layout and screened porch makes this the perfect getaway or primary residence. This spacious FIRST FLOOR, 1 bedroom condo has lots of room for overnight guests in the large living room! The fabulous common area in the lower level is a great added feature where you have your own personal room for storage and beach accessories. The updated kitchen with granite counter tops and stainless steel appliances, hardwood floors throughout, laundry in the unit, large updated bathroom, and outside porch with a serene view of the beautiful grounds make this a perfect choice. Low HOA fees include water, sewer, trash pickup, landscaping and plowing! Plenty of time to move in so you can head to the beach!

Last Agent to Sell the Property

Laureen Koch

Lila Delman Compass License #RES.0035145 Listed on: 06/15/2020

Last Buyer's Agent

Kelly Schneider

Mott & Chace Sotheby's Intl. License #RES.0040381

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,957

Year Built

  • Built in 1972

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 640 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Storage Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Walking Distance to Water
  • Screened Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 100 Amp Service
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 40PROSPECTAVA-1NARR

Community Details

Overview

  • 12 Units
  • Narragansett Pier, Pier Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,957

Year Built

Built in 1972

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Narragansett Pier, Pier
  • Above Grade Finished Sq Ft: 640.0
  • Building Name: Prospect Place
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1972
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 640.0
  • Dining Room Type: Storage Room
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac, Paved, Sprinkler System
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Parking Features: No Garage, Unassigned
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Heat Pump, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 40PROSPECTAVA-1NARR
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 1957.06
  • Tax Lot: 74
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 1, 2020
Sold by
Taveroni Joseph A
Bought by
Taveroni Joseph A and Brizzolara Lynn M
Seller's Agent
Laureen Koch
Lila Delman Compass
Buyer's Agent
Kelly Schneider
Mott & Chace Sotheby's Intl.
List Price
$250,000
Sold Price
$275,500
Premium/Discount to List
$25,500
10.2%
Current Estimated Value
$489,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,611
Avg. Annual Appreciation
11.37%

Purchase Details

Listed on
Jun 7, 2015
Closed on
Jul 27, 2015
Sold by
Allegretti Steven A and Allegretti Cindy A
Bought by
Mushkat Kathleen
Seller's Agent
Scott Halberg
Compass
Buyer's Agent
Erin Diaz
Beaches & Backroads Realty
List Price
$234,600
Sold Price
$240,000
Premium/Discount to List
$5,400
2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%

Purchase Details

Closed on
Jan 22, 2009
Sold by
Minty Properties Llc
Bought by
Prospect Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,500
Interest Rate
5.51%
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
Taveroni Joseph A -- None Available
Mushkat Kathleen $240,000 --
Prospect Place Llc $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prospect Place Llc $722,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2020 07/01/20 Sold $275,500 +10.2% $430 / Sq Ft
06/15/2020 06/15/20 For Sale $250,000 +4.2% $391 / Sq Ft
07/27/2015 07/27/15 Sold $240,000 +2.3% $375 / Sq Ft View Prior Sale
06/27/2015 06/27/15 Pending -- -- --
06/07/2015 06/07/15 For Sale $234,600 +32.2% $367 / Sq Ft
10/24/2012 10/24/12 Sold $177,500 -1.3% $263 / Sq Ft View Prior Sale
09/24/2012 09/24/12 Pending -- -- --
03/23/2011 03/23/11 For Sale $179,900 -- $267 / 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
2025 $2,616 $385,300 $0 $385,300
2024 $2,524 $385,300 $0 $385,300
2023 $2,568 $275,800 $0 $275,800
2022 $2,482 $275,800 $0 $275,800
2021 $2,444 $275,800 $0 $275,800
2020 $2,227 $212,500 $0 $212,500
2019 $2,174 $212,500 $0 $212,500
2018 $2,114 $212,500 $0 $212,500
2017 $2,152 $203,800 $0 $203,800
2016 $2,054 $203,800 $0 $203,800
2015 $2,026 $203,800 $0 $203,800
2014 -- $169,400 $0 $169,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1255931

State-Wide MLS

APN: NARR-000074-H000000-A000001