NOT LISTED FOR SALE

5 Narragansett Ct Narragansett, RI 02882

Estimated Value: $2,789,000 - $4,225,000

7.7 Acres
$428,928 Price per Acre
335,412 Sq Ft Lot

Last Sold July 28, 2021

Last sale price $315,000

Est. 948% increase in value since last sale

Current estimated payment $19,156/month

599 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wetlands on Lot
  • Narragansett Elementary School Rated A
  • 7.7 Acre Lot
  • Wooded Lot

About This Lot

As of July 2021

This fully approved buildable 7.7 Acre lot of land is located near so many amenities including; Private and public schools, railroad station, bus stop, shopping, swimming, tennis, golf, hospital, and highway access just minutes away. This proposed 3 bedroom 2 bath home is to be situated with privacy away from the main road. For the purpose of more concise directions ,The Property appears on maps under "Saunderstown"The project was approved 5-7-2021New home to be built on a slab, with a well, and on site septic system.Located on a semi private gravel road.

Last Agent to Sell the Property

Michael Musumeci

eXp Realty License #RES.0042718 Listed on: 11/06/2019

eXp Realty

Last Buyer's Agent

Gregory Arakelian

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,553

Lot Details

  • 7.7 Acre Lot
  • Dirt Road
  • Wooded Lot
  • Property is zoned R-80

Location

  • Property near a hospital

Utilities

  • Private Water Source
  • Well

Listing and Financial Details

  • Legal Lot and Block 29-3 / N-B
  • Assessor Parcel Number 5NARRAGANSETTRDNARR

Community Details

Overview

  • Narragansett Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Walking Distance to Water
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,553

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Business Type: Residential
  • Lot Size Acres: 7.7
  • Road Surface Type: Dirt, Gravel
  • Subdivision Name: Narragansett
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Wooded, Wetlands
  • Waterfront Features: Walk to Water
  • Disclosures: Septic Disclosure

Utilities

  • Utilities: Electricity Available
  • Water Source: Private, Well

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

  • Development Status: Other, Raw Land
  • Land Lease: No
  • Lot Size Sq Ft: 335412.0
  • Wooded Area: 100.0
  • Parcel #: 5NARRAGANSETTRDNARR
  • Zoning Description: Residential
  • Zoning: R-80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1553.0
  • Tax Block: N-B
  • Tax Lot: 29-3
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2019
Closed on
Sep 24, 2021
Sold by
Dillon Robert A and Dillon Dawn M
Bought by
5 Narragansett Court Llc
Seller's Agent
Michael Musumeci
eXp Realty
Buyer's Agent
Gregory Arakelian
List Price
$275,000
Sold Price
$315,000
Premium/Discount to List
$40,000
14.55%
Current Estimated Value
$3,302,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,987,743
Avg. Annual Appreciation
70.59%
Original Mortgage
$220,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2019
Closed on
Jul 28, 2021
Sold by
Virginia Brewer T
Bought by
Dale Christopher and Dale Lori L
Seller's Agent
Michael Musumeci
eXp Realty
Buyer's Agent
Gregory Arakelian
List Price
$275,000
Sold Price
$315,000
Premium/Discount to List
$40,000
14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2013
Sold by
Zisson Harry
Bought by
Moore David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
3.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
5 Narragansett Court Llc -- None Available
Dale Christopher $315,000 None Available
Moore David H $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dale Christopher $220,500
Previous Owner Moore David H $192,500
Previous Owner Moore David H $213,700
Previous Owner Moore David H $213,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $315,000 +14.5% --
06/28/2021 06/28/21 Pending -- -- --
11/06/2019 11/06/19 For Sale $275,000 -- --
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 $21,596 $3,180,600 $1,511,400 $1,669,200
2024 $20,833 $3,180,600 $1,511,400 $1,669,200
2023 $20,421 $2,193,500 $1,028,200 $1,165,300
2022 $19,742 $2,193,500 $1,028,200 $1,165,300
2021 $19,434 $2,193,500 $1,028,200 $1,165,300
2020 $11,887 $1,134,300 $464,800 $669,500
2019 $11,604 $1,134,300 $464,800 $669,500
2018 $11,286 $1,134,300 $464,800 $669,500
2017 $8,598 $814,200 $404,900 $409,300
2016 $8,207 $814,200 $404,900 $409,300
2015 $6,058 $609,500 $404,900 $204,600
2014 $3,387 $337,400 $337,400 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Musumeci

    eXp Realty

    Section Image

  • G

    Buyer's Agent in 2021

    Gregory Arakelian

  • Greg Arakelian

    Buyer's Agent in 2021

    Greg Arakelian

    Mott & Chace Sotheby's Intl.

    (401) 954-5703

    13 in this area

    41 Total Sales

    Greg Arakelian
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1240481

State-Wide MLS

APN: NARR-000205-D000000-000007

Rhode Island Washington County Narragansett 02882

5 Narragansett Ct, Narragansett, RI

Not Listed for Sale

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