NOT LISTED FOR SALE

40 Prospect Ave Unit B-3 Narragansett, RI 02882

Estimated Value: $446,000 - $553,000

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

Last Sold July 08, 2019

Last sale price $237,500 $371 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,993/month

2 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • Narragansett Elementary School Rated A
  • Clubhouse
  • Wooded Lot

About This Home

As of July 2019

Tucked away on a dead end street surrounded by stunning landscaping and beautiful trees is this fabulous condo complex. Little known because of its privacy yet only a short bike ride to Narragansett Town Beach. This is an immaculate one bedroom unit with an open floor plan, bright light, deck and fabulous common area in the lower level that offers additional storage. Perfect weekend retreat or primary residence for those that want to simplify and enjoy the best that Narragansett has to offer. The grounds are meticulously maintained and absolutely beautiful. Sitting on the deck you will feel as if you are in a tree house in the canopy with bird songs and a light ocean breeze flowing thru the leaves. AAAH!

Last Agent to Sell the Property

Medelise Reifsteck

RE/MAX FLAGSHIP, INC. License #RES.0035677 Listed on: 06/05/2019

RE/MAX FLAGSHIP, INC.

Last Buyer's Agent

Marie Theriault

Ocean Roads Realty LLC License #REC.0018070

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,114

Year Built

  • Built in 1972

HOA Fees

  • $250 Monthly HOA Fees

Home Design

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

Interior Spaces

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

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

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
  • Deck
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • 220 Volts
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Wooded Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot B-3
  • Assessor Parcel Number 40PROSPECTAVB3NARR

Community Details

Overview

  • 12 Units
  • The Pier Subdivision

Amenities

  • Shops
  • Public Transportation
  • Clubhouse
  • Recreation Room

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

$2,114

Year Built

Built in 1972

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: The Pier
  • Above Grade Finished Sq Ft: 640.0
  • Building Name: Prospect Place
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two, One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1972
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, 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: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

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, Heat Pump, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Underground, 220 Volts
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 40PROSPECTAVB3NARR
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 2114.0
  • Tax Lot: B-3
  • Tax Year: 2019

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Jul 3, 2019
Sold by
Rogala Britny G
Bought by
Varney Karen E
Seller's Agent
Medelise Reifsteck
RE/MAX FLAGSHIP, INC.
Buyer's Agent
Marie Theriault
Ocean Roads Realty LLC
List Price
$249,000
Sold Price
$237,500
Premium/Discount to List
-$11,500
-4.62%
Current Estimated Value
$482,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,861
Avg. Annual Appreciation
11.86%
Original Mortgage
$117,500
Outstanding Balance
$103,102
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$379,259

Purchase Details

Closed on
Nov 9, 2012
Sold by
Prospect Place Llc
Bought by
Gil Alex R and Mendoza Rosalina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
3.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Varney Karen E $237,500 --
Gil Alex R $177,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varney Karen E $117,500
Previous Owner Gil Alex R $132,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2019 07/08/19 Sold $237,500 -4.6% $371 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $249,000 +11.9% $389 / Sq Ft
11/02/2017 11/02/17 Sold $222,500 -7.3% $348 / Sq Ft View Prior Sale
10/03/2017 10/03/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $239,900 +35.2% $375 / Sq Ft
03/29/2013 03/29/13 Sold $177,500 -4.0% $263 / Sq Ft View Prior Sale
02/27/2013 02/27/13 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 $2,616 $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 $1,701 $169,400 $0 $169,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1225720

State-Wide MLS

APN: NARR-000074-H000000-B000003