NOT LISTED FOR SALE

48 Narragansett Ave Unit 2 Narragansett, RI 02882

Estimated Value: $799,000 - $1,015,000

3 Beds
1.5 Baths
1,280 Sq Ft
$295/mo HOA Fee

Last Sold August 24, 2019

Last sale price $450,000 $352 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,509/month

22 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of August 2019

Walk everywhere! This centrally located Condo is a 5 minute walk to Narragansett Town Beach and within steps to restaurants, bars, coffee shops, and the historic Ocean Road wall. The entire building was totally rehabbed in 2005, and a new bedroom and half bath were added in 2017. Large stainless & granite kitchen, flexible floor plan w/ 3 beds 1.5 baths and air conditioned. Private and shared storage in basement, outside shower and beautiful landscaping make this the perfect, no maintenance beach retreat. It's easy to leave the car at home for the weekend with three deeded parking spaces (plus resident street parking) and explore the best the pier has to offer on foot! Rental Restrictions (Limits 4 month minimum rental)

Last Agent to Sell the Property

James Durkin

Durkin Cottage Realty License #REB.0010447 Listed on: 08/01/2019

Last Buyer's Agent

Meghann Sparks

HomeSmart Professionals License #RES.0040698

HomeSmart Professionals

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,900

Year Built

  • Built in 1910

HOA Fees

  • $295 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,280 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 3 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Cul-De-Sac
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 424-38
  • Assessor Parcel Number 48NARRAGANSETTAV2NARR

Community Details

Overview

  • 3 Units
  • Narragansett Pier, Beach, In Town Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,900

Year Built

Built in 1910

Lot Details

0

HOA Fees

$295 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Narragansett Pier, Beach, In-town
  • Above Grade Finished Sq Ft: 1280.0
  • Building Name: PIER PLACE
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1910
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Entry Location: Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 1280.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Drywall, Clapboard, Shingle Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 295.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 48NARRAGANSETTAV2NARR
  • Zoning: R10A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 3900.0
  • Tax Lot: 424-38
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Aug 21, 2019
Sold by
Malec Kurt and Schedegger Justin
Bought by
Orcutt & Faucher Lt
Seller's Agent
James Durkin
Durkin Cottage Realty
Buyer's Agent
Meghann Sparks
HomeSmart Professionals
List Price
$459,000
Sold Price
$450,000
Premium/Discount to List
-$9,000
-1.96%
Current Estimated Value
$929,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,445
Avg. Annual Appreciation
12.45%

Purchase Details

Listed on
Jul 5, 2015
Closed on
Aug 28, 2015
Sold by
Soucie Kristen M
Bought by
Malec Kurt and Scheidegger Justin
Seller's Agent
Stella Fitzsimmons
Lila Delman Compass
Buyer's Agent
James Durkin
Durkin Cottage Realty
List Price
$438,000
Sold Price
$423,500
Premium/Discount to List
-$14,500
-3.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%
Original Mortgage
$338,800
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2014
Sold by
Soucie Christopher M and Soucie Kristen M
Bought by
Soucie Kristen M

Purchase Details

Closed on
Dec 11, 2007
Sold by
Janson Thomas
Bought by
Soucie Christopher M and Soucie Kristen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,600
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Orcutt & Faucher Lt $450,000 --
Malec Kurt $423,500 --
Soucie Kristen M -- --
Soucie Christopher M $427,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soucie Christopher M $338,800
Previous Owner Soucie Christopher M $341,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2019 08/24/19 Sold $450,000 -2.0% $352 / Sq Ft
08/01/2019 08/01/19 For Sale $459,000 +8.4% $359 / Sq Ft
08/28/2015 08/28/15 Sold $423,500 -3.3% $331 / Sq Ft View Prior Sale
07/29/2015 07/29/15 Pending -- -- --
07/05/2015 07/05/15 For Sale $438,000 -- $342 / 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 $4,187 $616,600 $0 $616,600
2024 $4,039 $616,600 $0 $616,600
2023 $3,968 $426,200 $0 $426,200
2022 $3,836 $426,200 $0 $426,200
2021 $3,776 $426,200 $0 $426,200
2020 $3,974 $379,200 $0 $379,200
2019 $3,879 $379,200 $0 $379,200
2018 $3,773 $379,200 $0 $379,200
2017 $3,774 $357,400 $0 $357,400
2016 $3,603 $357,400 $0 $357,400
2015 $3,553 $357,400 $0 $357,400
2014 $3,588 $357,400 $0 $357,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Durkin

    Durkin Cottage Realty

    (401) 789-6659

    45 in this area

    47 Total Sales

    James Durkin
    Section Image

  • M

    Buyer's Agent in 2019

    Meghann Sparks

    HomeSmart Professionals

    (401) 528-9664

    7 in this area

    18 Total Sales

    Meghann Sparks
    Section Image
  • Stella Fitzsimmons

    Seller's Agent in 2015

    Stella Fitzsimmons

    Lila Delman Compass

    (401) 639-4455

    39 in this area

    87 Total Sales

    Stella Fitzsimmons
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1231100

State-Wide MLS

APN: NARR-000424-C000000-000003B

Rhode Island Washington County Narragansett 02882

48 Narragansett Ave Unit 2, Narragansett, RI

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