NOT LISTED FOR SALE

40 Prospect Ave Unit B-4 Narragansett, RI 02882

Estimated Value: $455,000 - $580,000

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

Last Sold October 30, 2020

Last sale price $290,000 $453 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,026/month

5 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • Narragansett Elementary School Rated A
  • 1.34 Acre Lot
  • Wood Flooring

About This Home

As of October 2020

Wonderful condominium in a great location. This one bed, one bath condo is a short walk to Narragansett beach, seawall, great restaurants and bike path. Tucked away in the Pier away from the summer crowds is Prospect Place, a 12 unit condo association with privacy, wonderful grounds and easy access to all south county has to offer. This is a second floor unit in excellent condition with hardwoods floors, central air, granite & stainless appliances, tiled bath and a deck over looking nature. There is a recreation room in the basement to unwind after a long day at the beach.

Last Agent to Sell the Property

Ray Kenyon

Real Broker, LLC License #RES.0024800 Listed on: 09/24/2020

Real Broker, LLC

Last Buyer's Agent

Raymond Kenyon

Re/Max Flagship, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,173

Year Built

  • Built in 1972

Lot Details

  • 1.34

HOA Fees

  • $250 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 640 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Game Room
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

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
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Outdoor Grill
  • Porch

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 40PROSPECTAVB4NARR

Community Details

Overview

  • 12 Units
  • 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

$2,173

Year Built

Built in 1972

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.3431
  • Subdivision Name: Pier
  • Above Grade Finished Sq Ft: 640.0
  • 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: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, 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: Game Room, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Deck, Porch, Barbecue, Paved Driveway
  • 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: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public, 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

  • Lot Size Sq Ft: 58505.0
  • Parcel #: 40PROSPECTAVB4NARR
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 2173.0
  • Tax Lot: 74
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Oct 29, 2020
Sold by
Santoro Richard and Pullano-Santoro Lisa
Bought by
Andolfo Arthur J and Andolfo Shirley
Seller's Agent
Ray Kenyon
Real Broker, LLC
Buyer's Agent
Raymond Kenyon
Re/Max Flagship, Inc.
List Price
$275,000
Sold Price
$290,000
Premium/Discount to List
$15,000
5.45%
Current Estimated Value
$487,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,939
Avg. Annual Appreciation
10.97%

Purchase Details

Closed on
Sep 23, 2011
Sold by
Prospect Place Llc
Bought by
Santoro Richard and Pullano-Santoro Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Andolfo Arthur J $290,000 None Available
Santoro Richard $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santoro Richard $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $290,000 +5.5% $453 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $275,000 -- $430 / 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

  • Ray Kenyon

    Seller's Agent in 2020

    Ray Kenyon

    Real Broker, LLC

    (401) 932-6922

    3 in this area

    23 Total Sales

    Ray Kenyon
    Section Image

  • R

    Buyer's Agent in 2020

    Raymond Kenyon

    RE/MAX

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1265532

State-Wide MLS

APN: NARR-000074-H000000-B000004

Rhode Island Washington County Narragansett 02882

40 Prospect Ave Unit B-4, Narragansett, RI

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