NOT LISTED FOR SALE

47 Ocean Ave South Kingstown, RI 02879

Estimated Value: $956,116 - $1,330,000

3 Beds
1 Bath
768 Sq Ft
$1,425/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $669,000 $871 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,690/month

29 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Deck
  • Marina
  • Water Access
  • Furnished

About This Home

As of March 2020

Unobstructed, panoramic views of the pond and ocean including the Pt. Judith Lighthouse, Galilee and Block Island from this charming and updated "cottage at the beach" in sought after Matunuck Point!! You will love the peacefulness of this location as you enjoy morning coffee on the expanded 436 sq. foot deck and watch the Block Island ferry go by, or fall asleep to the sound of crashing waves and the din of a fog horn. You will enjoy the ease of open living here with wood laminate floors, a granite kitchen with stainless appliances, bath with tiled step-in shower, and a view from almost every room. East Matunuck State Beach is a short walk away as is surfing at the renowned "Deep Hole" and music at the "Mist". There's more....join the Matunuck Point Beach Association and enjoy an activity filled clubhouse, family day, 4th of July parade and access to the pond for your kayak or canoe. This is a very special place... come and enjoy the magic of Matunuck Point!

Last Agent to Sell the Property

Kathleen Kourakis

Mott & Chace Sotheby's Intl. License #RES.0025235 Listed on: 01/16/2020

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Emily King

KEY Real Estate Services License #RES.0042117

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,050

Year Built

  • Built in 1954

Lot Details

  • 7,840 Sq Ft Lot
  • Beach Front
  • Property is zoned R-20

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • 220 Volts
  • 100 Amp Service
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 174
  • Assessor Parcel Number 47OCEANAVSKNG

Community Details

Overview

  • Matunuck Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,050

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Subdivision Name: MATUNUCK POINT
  • Above Grade Finished Sq Ft: 768.0
  • Architectural Style: Cabin/Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1954
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower, Furnished, Cable TV
  • Living Area: 768.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Block, Concrete Perimeter, Pillar/Post/Pier
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Septic Tank
  • Water Source: Connected, Multiple Meters, Public

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: 7840.0
  • Parcel #: 47OCEANAVSKNG
  • Zoning: R-20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9050.0
  • Tax Lot: 174
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Mar 15, 2020
Sold by
Erickson Ft
Bought by
Fields David M and Fields Dacia L
Seller's Agent
Kathleen Kourakis
Mott & Chace Sotheby's Intl.
Buyer's Agent
Emily King
KEY Real Estate Services
List Price
$750,000
Sold Price
$669,000
Premium/Discount to List
-$81,000
-10.8%
Current Estimated Value
$1,094,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,779
Avg. Annual Appreciation
9.91%

Purchase Details

Closed on
Apr 27, 2016
Sold by
Erickson Michael L and Erickson Cindy M
Bought by
Erickson Michael L and Erickson Cindy M
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
Fields David M $669,000 None Available
Erickson Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fields David M $500,000
Closed Fields David M $500,000
Previous Owner Erickson Cindy M $178,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $669,000 -10.8% $871 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $750,000 -- $977 / 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
2024 $8,700 $787,300 $658,800 $128,500
2023 $8,700 $787,300 $658,800 $128,500
2022 $8,621 $787,300 $658,800 $128,500
2021 $9,050 $626,300 $537,100 $89,200
2020 $9,050 $626,300 $537,100 $89,200
2019 $9,050 $626,300 $537,100 $89,200
2018 $7,931 $505,800 $429,700 $76,100
2017 $7,744 $505,800 $429,700 $76,100
2016 $7,633 $505,800 $429,700 $76,100
2015 $8,278 $533,400 $458,100 $75,300
2014 $8,257 $533,400 $458,100 $75,300
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Kourakis

    Seller's Agent in 2020

    Kathleen Kourakis

    Mott & Chace Sotheby's Intl.

    (401) 789-8899

    30 in this area

    73 Total Sales

    Kathleen Kourakis
    Section Image

  • E

    Buyer's Agent in 2020

    Emily King

    KEY Real Estate Services

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1245037

State-Wide MLS

APN: SKIN-009301-000000-000174

Rhode Island Washington County South Kingstown 02879

47 Ocean Ave, South Kingstown, RI

This home is located at 47 Ocean Ave, South Kingstown, RI 02879 since 16 January 2020 and is currently estimated at $1,094,779, approximately $1,425 per square foot. This property was built in 1954. 47 Ocean Ave is a home located in Washington County with nearby schools including South Kingstown High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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