NOT LISTED FOR SALE

45 Elizabeth Rd Narragansett, RI 02882

Estimated Value: $717,000 - $912,000

3 Beds
1 Bath
889 Sq Ft
$920/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $480,000 $540 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,651/month

28 Days on Market

Highlights

  • Marina
  • Water Views
  • Furnished
  • Narragansett Elementary School Rated A
  • Beach Access
  • Tennis Courts

About This Home

As of November 2020

Turn-key Quintessential Beach Cottage with ocean views is just steps from Scarborough Beach in Narragansett, Rhode Island. This adorable bright, clean beach cottage has loads of vintage charm and provides a great get-away or an excellent rental investment given the easy walk to the beach and close proximity to the water. This three-bedroom home has an open floor plan that combines the kitchen, dining, and living room, highlighting the bright, pleasant interior where you can host gatherings easily. A bonus is a serene sunroom in the back of the house that opens to a back patio with a fantastic yard. Additionally, there is an outside shower and storage shed for beach gear and bikes. Recent upgrades include new windows, roof, siding, flooring, remodeled bathroom, updated appliances, and outdoor shower. This charmer has an excellent rental history and comes completely furnished. Do not miss your opportunity to experience coastal living.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #REB.0016418 Listed on: 10/02/2020

Last Buyer's Agent

Jason Saphire

www.HomeZu.com License #REB.0016418 Listed on: 10/02/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,836

Year Built

  • Built in 1957

Lot Details

  • 4,500 Sq Ft Lot
  • Property is zoned R-10

Home Design

  • Cottage
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 889 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Water Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven
  • Range

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • No Cooling
  • No Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 257 / M:K
  • Assessor Parcel Number 45ELIZABETHRDNARR

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,836

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1033
  • Above Grade Finished Sq Ft: 889.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1957
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl
  • Interior Amenities: Furnished, Cable TV
  • Living Area: 889.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: 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: 4500.0
  • Parcel #: 45ELIZABETHRDNARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2836.0
  • Tax Block: M:K
  • Tax Lot: 257
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Nov 30, 2020
Sold by
Schemera Richard and Schemera Barbara
Bought by
Brady David A and Fontaine April M
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Jason Saphire
www.HomeZu.com
List Price
$479,000
Sold Price
$480,000
Premium/Discount to List
$1,000
0.21%
Current Estimated Value
$818,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,184
Avg. Annual Appreciation
11.47%
Original Mortgage
$384,000
Outstanding Balance
$341,705
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$476,479

Purchase Details

Listed on
Oct 3, 2014
Closed on
Dec 15, 2014
Sold by
Marie A Paulson Lt
Bought by
Schemera Richard and Schemera Barbara M
Seller's Agent
Peter Aiello
C.D. Puleo Realty, Inc.
Buyer's Agent
Peter Aiello
C.D. Puleo Realty, Inc.
List Price
$264,900
Sold Price
$252,000
Premium/Discount to List
-$12,900
-4.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$603,200
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2014
Sold by
Paulson Marie A
Bought by
Marie A Paulson Lt
Source: Public Records

Range of Values:

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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
Brady David A $480,000 None Available
Schemera Richard $252,000 --
Marie A Paulson Lt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brady David A $384,000
Previous Owner Marie A Paulson Lt $603,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2020 11/30/20 Sold $480,000 +0.2% $540 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $479,000 +90.1% $539 / Sq Ft
12/18/2014 12/18/14 Sold $252,000 -4.9% $283 / Sq Ft View Prior Sale
11/18/2014 11/18/14 Pending -- -- --
10/03/2014 10/03/14 For Sale $264,900 -- $298 / 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 $4,314 $635,300 $432,300 $203,000
2024 $4,161 $635,300 $432,300 $203,000
2023 $3,995 $429,100 $280,700 $148,400
2022 $3,862 $429,100 $280,700 $148,400
2021 $3,781 $426,800 $280,700 $146,100
2020 $2,905 $277,200 $216,700 $60,500
2019 $2,836 $277,200 $216,700 $60,500
2018 $2,758 $277,200 $216,700 $60,500
2017 $2,584 $244,700 $211,100 $33,600
2016 $2,467 $244,700 $211,100 $33,600
2015 $2,427 $244,200 $211,100 $33,100
2014 $2,907 $289,500 $239,900 $49,600
Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2020

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    1 in this area

    2,241 Total Sales

    Jason Saphire
    Section Image
  • Peter Aiello

    Seller's Agent in 2014

    Peter Aiello

    C.D. Puleo Realty, Inc.

    (401) 339-0490

    5 in this area

    37 Total Sales

    Peter Aiello
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1266366

State-Wide MLS

APN: NARR-000257-000000-K000000

Rhode Island Washington County Narragansett 02882

45 Elizabeth Rd, Narragansett, RI

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