48 Ocean Spray Ave Narragansett, RI 02882
Estimated Value: $1,112,000 - $1,321,000
2
Beds
1
Bath
900
Sq Ft
$1,382/Sq Ft
Est. Value
Highlights
- Beach Front
- Marina
- Water Access
- Narragansett Elementary School Rated A
- Golf Course Community
- Wood Flooring
About This Home
As of December 2021Oceanfront cottage with unobstructed and panoramic views from Newport Bridge to the Pt. Judith lighthouse. Breathe in the salt air as you gaze upon the variety of boats sailing and cruising in and out of Narragansett Bay. Tons of natural light bathe the inside of this modern-style beach house with granite countertops, hardwood floors and an open floor plan. Choose your viewpoint from either the first level spacious deck, or the elevated deck off the bedroom. Conveniently located just a short walk to Chair 5, Spain, Iggy's, Aunt Carrie's and other local favorites. Several beaches are close by for you to get some sand between your toes or enjoy some surfing at the nearby beach alcove. Excellent rental history.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,131
Year Built
- Built in 1940
Lot Details
- 5,620 Sq Ft Lot
- Beach Front
- Property is zoned R-10
Home Design
- Cottage
- Block Foundation
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 900 Sq Ft Home
- 2-Story Property
- Water Views
- Crawl Space
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- No Garage
Outdoor Features
- Water Access
- Walking Distance to Water
Location
- Property near a hospital
Utilities
- Central Air
- Heating System Uses Gas
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 115
- Assessor Parcel Number 48OCEANSPRAYAVNARR
Community Details
Overview
- Point Judith Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2021
Closed on
Dec 1, 2021
Sold by
Marciano Joanne E
Bought by
Kendra Michael L and Kendra Heather L
Seller's Agent
Linda Kaley
Compass / Lila Delman Compass
Buyer's Agent
Andrea Belanger
Keller Williams South Watuppa
List Price
$1,050,000
Sold Price
$1,050,000
Total Days on Market
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,066
Avg. Annual Appreciation
3.53%
Original Mortgage
$840,000
Outstanding Balance
$780,279
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$405,006
Purchase Details
Listed on
Mar 3, 2021
Closed on
Apr 15, 2021
Sold by
Case Marie C
Bought by
Marciano Joanne E
Seller's Agent
James Durkin
Durkin Cottage Realty
Buyer's Agent
Linda Kaley
Compass / Lila Delman Compass
List Price
$975,000
Sold Price
$980,000
Premium/Discount to List
$5,000
0.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Purchase Details
Closed on
Aug 19, 2013
Sold by
Oneil Kathleen
Bought by
Durkin James P and Durkin Rebecca H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.31%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Narragansett, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kendra Michael L | $1,050,000 | None Available | |
| Marciano Joanne E | $980,000 | None Available | |
| Durkin James P | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kendra Michael L | $840,000 | |
| Previous Owner | Case Marie C | $494,900 | |
| Previous Owner | Durkin James P | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2021 12/02/21 | Sold | $1,050,000 | 0.0% | $1,167 / Sq Ft |
| 11/02/2021 11/02/21 | Pending | -- | -- | -- |
| 10/04/2021 10/04/21 | For Sale | $1,050,000 | +7.1% | $1,167 / Sq Ft |
| 04/16/2021 04/16/21 | Sold | $980,000 | +0.5% | $1,089 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 03/03/2021 03/03/21 | For Sale | $975,000 | +69.6% | $1,083 / Sq Ft |
| 03/21/2014 03/21/14 | Sold | $575,000 | -2.5% | $592 / Sq Ft |
| 02/19/2014 02/19/14 | Pending | -- | -- | -- |
| 11/15/2013 11/15/13 | For Sale | $589,500 | -- | $606 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $6,626 | $1,011,600 | $798,300 | $213,300 |
| 2023 | $6,335 | $680,400 | $532,000 | $148,400 |
| 2022 | $6,124 | $680,400 | $532,000 | $148,400 |
| 2021 | $6,028 | $680,400 | $532,000 | $148,400 |
| 2020 | $7,535 | $719,000 | $566,500 | $152,500 |
| 2019 | $7,333 | $716,800 | $566,500 | $150,300 |
| 2018 | $7,132 | $716,800 | $566,500 | $150,300 |
| 2017 | $6,696 | $634,100 | $542,600 | $91,500 |
| 2016 | $6,392 | $634,100 | $542,600 | $91,500 |
| 2015 | $6,303 | $634,100 | $542,600 | $91,500 |
| 2014 | $6,560 | $653,400 | $542,600 | $110,800 |
Source: Public Records
Agents Affiliated with this Home
-
James Durkin
J
Seller's Agent in 2021
James Durkin
Durkin Cottage Realty
(401) 789-6659
46 in this area
48 Total Sales
-
Linda Kaley
Seller's Agent in 2021
Linda Kaley
Compass / Lila Delman Compass
(401) 742-4534
8 in this area
39 Total Sales
-
Andrea Belanger
Buyer's Agent in 2021
Andrea Belanger
Keller Williams South Watuppa
(401) 333-9333
1 in this area
59 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1295292
APN: NARR-000115-000000-L000000
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