NOT LISTED FOR SALE

5 Chestnut Ave Narragansett, RI 02882

Estimated Value: $926,104 - $1,224,000

4 Beds
2 Baths
2,268 Sq Ft
$447/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $545,000 $240 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,910/month

27 Days on Market

Highlights

  • Marina
  • Beach Access
  • Cathedral Ceiling
  • Narragansett Elementary School Rated A
  • Contemporary Architecture
  • Corner Lot

About This Home

As of April 2018

Newly remodeled four-bedroom, two bath, tri-level contemporary on a large corner lot in the desirable Sand Hill Cove area of Narragansett. This house has vaulted ceilings in the living room with tongue and groove wood and a newly installed kitchen with laminate flooring throughout the open living area. Bedrooms on each of the floors allows for lots of privacy; flat screen TVs mounted in each of the bedrooms. A large family room on the first level is a perfect getaway spot for students or summer guests. Attractively landscaped with coastal plantings and a gracious flowering tree offers a gorgeous spring display. After a day at the shore, entertain friends on the spacious deck. Outside hot and cold shower for desanding, Energy Star certified natural gas heating system and central air, 2 large areas for parking are welcome amenities. When you vacation here, you will be tucked away in a quiet neighborhood but will be just minutes to restaurants, shopping, water sports, and nightlife. Enjoy the leisurely walk to Roger Wheeler Beach (4/10s mile), or a 5-minute drive to Scarborough and Salty Brine State Beaches. Strong rental history with the 18-19 academic year already filled at $2,400 per month; plus, vacation inquiries are rolling in.

Last Agent to Sell the Property

Tom Morrill

Select Realty Services Corp License #REB.0018103 Listed on: 02/21/2018

Co-Listed By

Nicholas Smith

Select Realty Services Corp License #RES.0042492

Last Buyer's Agent

The Fraioli-Wilson Team

Edge Realty RI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,032

Year Built

  • Built in 1977

Lot Details

  • 10,018 Sq Ft Lot
  • Corner Lot
  • Property is zoned R-10

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,268 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 6 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Mooring

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 155 / 50
  • Assessor Parcel Number 5CHESTNUTAVNARR

Community Details

Overview

  • Sand Hill Cove Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,032

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: SRSV
  • Co List Office Phone: 401-783-1155
  • Subdivision Name: Sand Hill Cove
  • Above Grade Finished Sq Ft: 2268.0
  • Architectural Style: Contemporary, Tri-Level
  • Garage Yn: No
  • Unit Levels: Three Level Split, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1977
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower, Furnished
  • Living Area: 2268.0
  • Dining Room Type: Bathroom, Bedroom, Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Beach Access, Mooring, Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 5CHESTNUTAVNARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4032.0
  • Tax Block: 50
  • Tax Lot: 155
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Apr 20, 2018
Sold by
Poulos James N and Poulos Margaret A
Bought by
Delucia Michael S and Delucia Tracey A
Seller's Agent
Tom Morrill
Select Realty Services Corp
Buyer's Agent
The Fraioli-Wilson Team
Edge Realty RI
List Price
$549,000
Sold Price
$545,000
Premium/Discount to List
-$4,000
-0.73%
Current Estimated Value
$1,010,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,767
Avg. Annual Appreciation
8.90%
Original Mortgage
$385,000
Interest Rate
4.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 14, 2013
Sold by
J&M Realty Llc
Bought by
Poulos James N and Poulos Margaret A

Purchase Details

Closed on
Mar 25, 2011
Sold by
Poulos James N and Poulos Margaret A
Bought by
J & M Realty Llc

Purchase Details

Closed on
Mar 4, 2008
Sold by
Costello Leo D and Costello Kathleen A
Bought by
Poulos James N and Poulos Margaret A

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
5.8%
Mortgage Type
Purchase Money Mortgage
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
Delucia Michael S -- --
Poulos James N -- --
J & M Realty Llc -- --
Poulos James N $429,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delucia Michael S $378,000
Closed Delucia Michael S $385,000
Closed Delucia Michael S $385,000
Previous Owner Costello Leo B $50,000
Previous Owner Costello Leo B $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $545,000 -0.7% $240 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $549,000 -- $242 / 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 $4,510 $688,500 $356,400 $332,100
2023 $4,618 $496,000 $254,600 $241,400
2022 $4,464 $496,000 $254,600 $241,400
2021 $4,395 $496,000 $254,600 $241,400
2020 $4,420 $421,800 $229,600 $192,200
2019 $4,315 $421,800 $229,600 $192,200
2018 $4,197 $421,800 $229,600 $192,200
2017 $4,032 $381,800 $228,800 $153,000
2016 $3,849 $381,800 $228,800 $153,000
2015 $3,795 $381,800 $228,800 $153,000
2014 $3,948 $393,200 $240,200 $153,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1182680

State-Wide MLS

APN: NARR-000155-000000-R000000