NOT LISTED FOR SALE

5 Martin Ct Narragansett, RI 02882

Estimated Value: $805,786 - $850,000

5 Beds
3 Baths
1,830 Sq Ft
$454/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $800,000 $437 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,932/month

66 Days on Market

Highlights

  • Marina
  • Recreation Facilities
  • Cul-De-Sac
  • Narragansett Elementary School Rated A
  • Walking Distance to Water
  • Public Transportation

About This Home

As of October 2024

Investors and Seasonal Owners take Note-With recent 5 person allotment regulation passing in the State House allowing for additional Income! Leases in place for Academic Year with strong Summer rental history! Tucked away in the desirable Point Judith area of Narragansett, this expansive 5-bedroom, 3-bathroom town sewer ranch offers abundant living space and a prime location. Positioned at the end of a quiet cul-de-sac on a secluded lot, the home is just minutes from Point Judith Pond, Scarborough Beach, the B.I. Ferry, Iggy's clam shack, and so much more! Upon entering, you're greeted by an open-concept living area that effortlessly flows into a welcoming kitchen with sun room overlooking trex deck. The original house offers three bedrooms and two full bathrooms, along with a utility room equipped with a washer/dryer and ample storage for linens and beach gear. Adjacent to the kitchen, a private bedroom serves as the gateway to a separate guest (or owner's) suite. This flex space includes a fifth bedroom with its own full bathroom, as well as a separate living and dining area. For added privacy, the space can be locked off, allowing guests to enjoy their own secluded retreat with a private entrance on separate deck for relaxation. A fenced area off the deck ensures your pets can enjoy the outdoors safely. The property also includes a shed for storing beach equipment. With natural gas, ample parking and central A/C, this home is as practical as it is inviting.

Last Listed By

Dean Benjamin

RE/MAX Professionals License #REB.0016536 Listed on: 08/23/2024

RE/MAX Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,910

Year Built

  • Built in 1965

Lot Details

  • 0.26 Acre Lot
  • Cul-De-Sac

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,830 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Crawl Space

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water

Utilities

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

Listing and Financial Details

  • Tax Lot 199
  • Assessor Parcel Number 5MARTINCTNARR

Community Details

Overview

  • Scarborough/Pt. Judith Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,910

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Inclusions: Taxes Based on new Assessment of $597,000 Academic Lease begins September 02, 2024- May 19,2025; total rental amount $32,400
  • Subdivision Name: Scarborough/Pt. Judith
  • Above Grade Finished Sq Ft: 1830.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1965
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 1830.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11326.0
  • Parcel #: 5MARTINCTNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3910.0
  • Tax Lot: 199
  • Tax Map Number: U
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Oct 28, 2024
Sold by
Pollard James H and Pollard Marisa F
Bought by
Faria Carmen C and Faria Francisco S
Seller's Agent
Dean Benjamin
RE/MAX Professionals
Buyer's Agent
Fred Bernat
Abbott Properties, LLC
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%
Total Days on Market
66
Views
60
Current Estimated Value
$830,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,697
Avg. Annual Appreciation
7.81%
Original Mortgage
$589,000
Outstanding Balance
$588,506
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$243,393

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 27, 2017
Sold by
Weissman Debra C
Bought by
Pollard 3Rd James H and Pollard Marisa F
Seller's Agent
ERNEST ESPOSITO
RE/MAX FLAGSHIP, INC.
Buyer's Agent
JILL LAWLER
RE/MAX FLAGSHIP, INC.
List Price
$419,900
Sold Price
$419,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$335,920
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2000
Sold by
Allaire Marianne
Bought by
Weissman Paul H and Weissman Debra C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,600
Interest Rate
8.14%

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
Faria Carmen C $800,000 None Available
Faria Carmen C $800,000 None Available
Pollard 3Rd James H $419,900 --
Weissman Paul H $136,000 --
Pollard 3Rd James H $419,900 --
Weissman Paul H $136,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faria Carmen C $589,000
Closed Faria Carmen C $589,000
Previous Owner Pollard Marissa F $100,000
Previous Owner Pollard 3Rd James H $335,920
Previous Owner Weissman Paul H $103,000
Previous Owner Weissman Paul H $108,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $800,000 +0.1% $437 / Sq Ft
08/23/2024 08/23/24 For Sale $799,000 +90.3% $437 / Sq Ft
06/27/2017 06/27/17 Sold $419,900 0.0% $229 / Sq Ft
05/28/2017 05/28/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $419,900 -- $229 / 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 $3,910 $597,000 $286,000 $311,000
2023 $3,604 $387,100 $178,700 $208,400
2022 $3,484 $387,100 $178,700 $208,400
2021 $3,430 $387,100 $178,700 $208,400
2020 $3,651 $348,400 $142,100 $206,300
2019 $3,564 $348,400 $142,100 $206,300
2018 $3,467 $348,400 $142,100 $206,300
2017 $3,323 $314,700 $138,100 $176,600
2016 $3,172 $314,700 $138,100 $176,600
2015 $3,128 $314,700 $138,100 $176,600
2014 $3,275 $326,200 $149,600 $176,600
Source: Public Records

Agents Affiliated with this Home

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Source: State-Wide MLS

MLS Number: 1366989

State-Wide MLS

APN: NARR-000199-000000-U000000