NOT LISTED FOR SALE

474 Ocean Rd Narragansett, RI 02882

Estimated Value: $1,915,000 - $2,794,000

3 Beds
2.5 Baths
3,745 Sq Ft
$610/Sq Ft Est. Value

Last Sold April 28, 2016

Last sale price $962,500 $257 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $13,734/month

55 Days on Market

Highlights

  • Marina
  • Water Views
  • 1.44 Acre Lot
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Wood Flooring

About This Home

As of April 2016

Expansive one level residence in coveted Ocean Rd location. Private, acreage, lovely outdoor spaces,stone walls and distant ocean views. Elegant interior with generously proportioned rooms, perfect for entertaining Summer, or year round easy living.

Last Agent to Sell the Property

Mary Philbin

Mott & Chace Sotheby's Intl. License #RES.0026921 Listed on: 02/02/2016

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Stella Fitzsimmons

EXECUTIVE INVESTMENTS & REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,928

Year Built

  • Built in 1963

Lot Details

  • 1.44 Acre Lot
  • Property is zoned R-80

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,745 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Water Views

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 474OCEANRDNARR

Community Details

Overview

  • Estate Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,928

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.44
  • Subdivision Name: ESTATE
  • Above Grade Finished Sq Ft: 3745.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1963
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Living Area: 3745.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Shingle Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Hot Water, Radiant
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 62726.0
  • Parcel #: 474OCEANRDNARR
  • Zoning: R-80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9928.0
  • Tax Lot: 11
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2016
Closed on
Apr 28, 2016
Sold by
Mcgovern Julia M
Bought by
Murray Brendan R and Murray Erinn E
Seller's Agent
Mary Philbin
Mott & Chace Sotheby's Intl.
Buyer's Agent
Stella Fitzsimmons
EXECUTIVE INVESTMENTS & REALTY
List Price
$1,095,000
Sold Price
$962,500
Premium/Discount to List
-$132,500
-12.1%
Total Days on Market
55
Current Estimated Value
$2,282,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,320,342
Avg. Annual Appreciation
9.88%
Original Mortgage
$770,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Garrahy Joseph and Garrahy Margherite
Bought by
Mcgovern Julia M

Purchase Details

Closed on
Aug 19, 1992
Sold by
Sutter David B
Bought by
Garrahy Joseph and Garrahy Margherite
Source: Public Records

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Range of Values:

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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
Murray Brendan R $962,500 --
Mcgovern Julia M $1,350,000 --
Garrahy Joseph $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray Brendan R $737,000
Closed Murray Brendan R $770,000
Previous Owner Garrahy Joseph $247,000
Previous Owner Garrahy Joseph $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2016 04/28/16 Sold $962,500 -12.1% $257 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $1,095,000 -- $292 / 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 $11,033 $1,684,500 $928,300 $756,200
2023 $12,566 $1,349,700 $838,500 $511,200
2022 $12,147 $1,349,700 $838,500 $511,200
2021 $11,958 $1,349,700 $838,500 $511,200
2020 $10,263 $979,300 $581,200 $398,100
2019 $10,018 $979,300 $581,200 $398,100
2018 $9,744 $979,300 $581,200 $398,100
2017 $10,547 $998,800 $619,900 $378,900
2016 $10,068 $998,800 $619,900 $378,900
2015 $9,928 $998,800 $619,900 $378,900
2014 $8,947 $891,100 $512,200 $378,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1117019

State-Wide MLS

APN: NARR-000011-000000-G000000