NOT LISTED FOR SALE

5 Elizabeth Rd Narragansett, RI 02882

Estimated Value: $984,000 - $1,063,000

5 Beds
1.5 Baths
1,344 Sq Ft
$765/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $729,000 $542 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,002/month

9 Days on Market

Highlights

  • Marina
  • Water Views
  • Water Access
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Cape Cod Architecture

About This Home

As of December 2021

Location! Location! Location! Amazing opportunity only 200 feet from Scarborough State Beach. This 5 bedroom, 1 and a half bath cape sits on a double lot and provides ample parking for summer beach parties. After a day at the beach, you can rinse off in the outdoor shower and relax on the deck. The house has been used as a monthly rental during the winter and a weekly rental during the summer months and has a very solid rental history. Do NOT miss the chance to experience beach life at its finest. Being sold in "as-is" condition.

Last Agent to Sell the Property

Eric Shields

HomeSmart Professionals License #RES.0040713 Listed on: 11/18/2021

HomeSmart Professionals

Last Buyer's Agent

Kathleen Kourakis

Mott & Chace Sotheby's Intl. License #RES.0025235

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,884

Year Built

  • Built in 1950

Lot Details

  • 7,405

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Water Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Water Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 7,405 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 114
  • Assessor Parcel Number 5ELIZABETHRDNARR

Community Details

Overview

  • Scarborough Hills Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,884

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Subdivision Name: Scarborough Hills
  • Above Grade Finished Sq Ft: 1344.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1950
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Washer
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Furnished, Cable TV
  • Living Area: 1344.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Multiple lots
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Electric: 150 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: 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: 7405.0
  • Parcel #: 5ELIZABETHRDNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5884.0
  • Tax Lot: 114
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Dec 27, 2021
Sold by
Richard D Mguinn Ret
Bought by
Hathaway Michael J
Seller's Agent
Eric Shields
HomeSmart Professionals
Buyer's Agent
Kathleen Kourakis
Mott & Chace Sotheby's Intl.
List Price
$729,000
Sold Price
$729,000
Current Estimated Value
$1,028,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,154
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Jan 20, 1984
Bought by
Richard D Mcguinn Ret
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
Hathaway Michael J $729,000 None Available
Richard D Mcguinn Ret -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2021 12/28/21 Sold $729,000 0.0% $542 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $729,000 -- $542 / 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 $6,612 $1,009,500 $777,100 $232,400
2023 $6,183 $664,100 $504,600 $159,500
2022 $5,977 $664,100 $504,600 $159,500
2021 $5,884 $664,100 $504,600 $159,500
2020 $5,103 $486,900 $333,800 $153,100
2019 $4,981 $486,900 $333,800 $153,100
2018 $4,845 $486,900 $333,800 $153,100
2017 $4,940 $467,800 $347,300 $120,500
2016 $4,715 $467,800 $347,300 $120,500
2015 $4,650 $467,800 $347,300 $120,500
2014 $5,254 $523,300 $394,700 $128,600
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Eric Shields

    HomeSmart Professionals

    (401) 845-9200

    1 in this area

    7 Total Sales

    Eric Shields
    Section Image
  • Kathleen Kourakis

    Buyer's Agent in 2021

    Kathleen Kourakis

    Mott & Chace Sotheby's Intl.

    (401) 789-8899

    19 in this area

    73 Total Sales

    Kathleen Kourakis
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1298773

State-Wide MLS

APN: NARR-000114-000000-K000000

Rhode Island Washington County Narragansett 02882

5 Elizabeth Rd, Narragansett, RI

This home is located at 5 Elizabeth Rd, Narragansett, RI 02882 since 18 November 2021 and is currently estimated at $1,028,154, approximately $764 per square foot. This property was built in 1950. 5 Elizabeth Rd is a home located in Washington County with nearby schools including Narragansett Elementary School, Narragansett Pier Middle School, and Narragansett High School.

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