NOT LISTED FOR SALE

42 Summit Ave Wakefield, RI 02879

Estimated Value: $660,568 - $844,000

3 Beds
2 Baths
1,872 Sq Ft
$389/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $399,000 $213 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,227/month

60 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Game Room
  • Skylights

About This Home

As of October 2020

High on a hill in Tower Hill Heights sits this well maintained Ranch house with distant ocean views in the Fall and Winter months. Featuring an over sized sprawling lot, 2-Car garage, partially finished basement, master bedroom with bath, 2 more bedrooms and another bath, front porch and rear deck, all new paint! Irrigation system installed in the front and around back near the house.

Last Agent to Sell the Property

Joe Geaber

Flagship Real Estate Advisors License #RES.0018527 Listed on: 07/07/2020

Flagship Real Estate Advisors

Last Buyer's Agent

Kara Churas

EXPERIENCE Real Estate License #RES.0030967

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1988

Lot Details

  • 0.69 Acre Lot
  • Property is zoned R20

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Skylights
  • Game Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Location

  • Property near a hospital

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Power Generator
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 42SUMMITAVSKNG

Community Details

Overview

  • Tower Hill Heights Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,145

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.69
  • Subdivision Name: Tower Hill Heights
  • Above Grade Finished Sq Ft: 1488.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One, Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1988
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 384.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Skylights, Tub Shower
  • Living Area: 1872.0
  • Dining Room Type: Game Room, Laundry
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Water Source: Connected

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 30056.0
  • Parcel #: 42SUMMITAVSKNG
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4145.0
  • Tax Lot: 66
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 28, 2020
Sold by
Schrader Joseph C
Bought by
Obrien Holly and Obrien Andrew
Seller's Agent
Joe Geaber
Flagship Real Estate Advisors
Buyer's Agent
Kara Churas
EXPERIENCE Real Estate
List Price
$414,900
Sold Price
$399,000
Premium/Discount to List
-$15,900
-3.83%
Current Estimated Value
$727,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,642
Avg. Annual Appreciation
12.35%
Original Mortgage
$319,200
Outstanding Balance
$283,911
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$443,731

Purchase Details

Closed on
Jul 12, 2018
Sold by
Schrader Nancy M and Schrader Joseph C
Bought by
Schrader Joseph C

Purchase Details

Closed on
Jan 5, 1987
Bought by
Schrader Nancy M and Schrader Joseph C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Obrien Holly $399,000 None Available
Schrader Joseph C -- --
Schrader Nancy M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrien Holly $319,200
Previous Owner Schrader Nancy M $48,762
Previous Owner Schrader Nancy M $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2020 10/06/20 Sold $399,000 -3.8% $213 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $414,900 -- $222 / 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 $4,743 $530,500 $193,600 $336,900
2024 $4,585 $414,900 $148,800 $266,100
2023 $4,585 $414,900 $148,800 $266,100
2022 $4,543 $414,900 $148,800 $266,100
2021 $4,643 $321,300 $129,200 $192,100
2020 $4,643 $321,300 $129,200 $192,100
2019 $4,643 $321,300 $129,200 $192,100
2018 $4,450 $283,800 $120,200 $163,600
2017 $4,345 $283,800 $120,200 $163,600
2016 $4,283 $283,800 $120,200 $163,600
2015 $4,325 $278,700 $117,500 $161,200
2014 $4,314 $278,700 $117,500 $161,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Joe Geaber

    Flagship Real Estate Advisors

    (401) 932-6920

    13 in this area

    30 Total Sales

    Joe Geaber
    Section Image

  • K

    Buyer's Agent in 2020

    Kara Churas

    EXPERIENCE Real Estate

    (401) 932-9546

    1 in this area

    11 Total Sales

    Kara Churas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1258201

State-Wide MLS

APN: SKIN-005801-000000-000066

Rhode Island Washington County Wakefield 02879

42 Summit Ave, Wakefield, RI

Not Listed for Sale

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