$625,000

40 Tern Rd Narragansett, RI 02882

Estimated payment $3,637/month

Total Views 1,896
3 Beds
1 Bath
2,136 Sq Ft
$293 Price per Sq Ft

Highlights

  • Marina
  • Barn
  • Attic
  • Narragansett Elementary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

Set on a spacious lot along a quiet street in one of Narragansett's hidden gem neighborhoods, 40 Tern Road offers an incredible opportunity for the next owner to reimagine and renovate a property with tremendous potential. This well-built home features solid bones, generous living space, and a layout ready for a complete renovation and personal vision. Perfectly located close to Narragansett's beaches, restaurants, shopping, and local attractions, the property still feels tucked away in its own private little paradise. Enjoy the rare combination of convenience and tranquility, where you can be minutes from everything while coming home to a peaceful hideaway setting surrounded by privacy and nature. The large lot provides outstanding space for entertaining, relaxing, or possible future expansion. Whether you are looking for your next renovation project, investment opportunity, future coastal getaway, or hoping to make Narragansett your primary home, this hidden gem is ready for its next chapter in one of Rhode Island's premier beach communities. OFFER DEADLINE: 5/19 TUESDAY 5PM

Listing Agent

Team KEY

KEY Real Estate Services Listed on: 05/09/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,049

Year Built

  • Built in 1961

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned R-40

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage
  • Utility Room
  • Wood Flooring
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Outbuilding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 150 Amp Service
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Accessible Approach with Ramp
  • Property near a hospital
  • Barn

Listing and Financial Details

  • Tax Lot 150
  • Assessor Parcel Number 40TERNRDNARR

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,049

Year Built

Built in 1961

Lot Details

9,583 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Above Grade Finished Sq Ft: 1212.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1961
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Accessibility Features: Accessible Approach with Ramp
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 924.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Attic, Bathtub, Storage, Tub Shower
  • Living Area: 2136.0
  • Dining Room Type: Utility Room
  • Stories: 1

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Barn(s), Outbuilding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 40TERNRDNARR
  • Zoning: R-40

Tax Info

  • Tax Annual Amount: 3049.0
  • Tax Lot: 150
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,049 $449,000 $165,600 $283,400
2024 $2,941 $449,000 $165,600 $283,400
2023 $3,070 $329,800 $125,600 $204,200
2022 $2,968 $329,800 $125,600 $204,200
2021 $2,922 $329,800 $125,600 $204,200
2020 $3,325 $317,300 $115,800 $201,500
2019 $3,246 $317,300 $115,800 $201,500
2018 $3,157 $317,300 $115,800 $201,500
2017 $2,768 $262,100 $129,900 $132,200
2016 $2,642 $262,100 $129,900 $132,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2026 05/09/26 For Sale $625,000 -- $293 / Sq Ft
Source: State-Wide MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed $227,500 --
Warranty Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $222,527 New Conventional
Source: Public Records

Source: State-Wide MLS

MLS Number: 1412102

State-Wide MLS

APN: NARR M:W B:150

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