NOT LISTED FOR SALE

40 Prospect Ave Unit A-3 Narragansett, RI 02882

Estimated Value: $437,000 - $563,000

1 Bed
1 Bath
675 Sq Ft
$186/mo HOA Fee

Last Sold March 01, 2013

Last sale price $176,000 $261 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $2,953/month

678 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Narragansett Elementary School Rated A
  • Deck
  • Tennis Courts

About This Home

As of March 2013

FHA APPROVED! Walk to Narragansett Beach from this brand new 1 level condo. Maple Kitchen, granite, stainless, hwds, tile bath, a French door leads to a private deck, storage area for each unit, tucked away in a private setting close to amenities.

Last Agent to Sell the Property

John Krekorian

Flagship Real Estate Advisors License #RES.0024980 Listed on: 03/23/2011

Flagship Real Estate Advisors

Last Buyer's Agent

Dave Binns

Flagship Real Estate Advisors License #REB.0012927

Flagship Real Estate Advisors

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,615

Year Built

  • Built in 1972

HOA Fees

  • $186 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 675 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Living Room
  • Dining Room
  • Storage Room
  • Laundry in unit
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 74-2
  • Assessor Parcel Number 40PROSPECTAVA-3NARR

Community Details

Overview

  • 12 Units
  • Pier Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,615

Year Built

Built in 1972

Lot Details

0

HOA Fees

$186 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: PIER
  • Above Grade Finished Sq Ft: 675.0
  • Building Name: PROSPECT PLACE
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1972
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: First Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 675.0
  • Dining Room Type: Dining Room, Living Room, Storage Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • 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, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 186.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 40PROSPECTAVA-3NARR
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 1614.6
  • Tax Lot: 74-2
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2011
Closed on
Mar 29, 2013
Sold by
Prospect Place Llc
Bought by
Mouradjian Nicholas V
Seller's Agent
John Krekorian
Flagship Real Estate Advisors
Buyer's Agent
Dave Binns
Flagship Real Estate Advisors
List Price
$184,900
Sold Price
$176,000
Premium/Discount to List
-$8,900
-4.81%
Current Estimated Value
$486,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,236
Avg. Annual Appreciation
8.35%
Original Mortgage
$180,612
Outstanding Balance
$127,569
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$358,668
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mouradjian Nicholas V $177,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mouradjian Nicholas V $180,612
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2013 03/01/13 Sold $176,000 -4.8% $261 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
03/23/2011 03/23/11 For Sale $184,900 -- $274 / 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 $2,667 $392,800 $0 $392,800
2024 $2,573 $392,800 $0 $392,800
2023 $2,619 $281,300 $0 $281,300
2022 $2,532 $281,300 $0 $281,300
2021 $2,492 $281,300 $0 $281,300
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 $1,701 $169,400 $0 $169,400
Source: Public Records

Agents Affiliated with this Home

  • John Krekorian

    Seller's Agent in 2013

    John Krekorian

    Flagship Real Estate Advisors

    (401) 742-8339

    24 in this area

    94 Total Sales

    John Krekorian
    Section Image
  • Dave Binns

    Buyer's Agent in 2013

    Dave Binns

    Flagship Real Estate Advisors

    (401) 864-1965

    1 in this area

    27 Total Sales

    Dave Binns
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 987521

State-Wide MLS

APN: NARR-000074-H000000-A000003

Rhode Island Washington County Narragansett 02882

40 Prospect Ave Unit A-3, Narragansett, RI

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