NOT LISTED FOR SALE

5 Wheatfield Cove Rd Narragansett, RI 02882

Estimated Value: $1,012,000 - $1,102,916

2 Beds
2 Baths
1,656 Sq Ft
$649/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $791,000 $478 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,156/month

26 Days on Market

Highlights

  • Marina
  • Water Views
  • Bathtub with Shower
  • Narragansett Elementary School Rated A
  • Contemporary Architecture
  • Property near a hospital

About This Home

As of October 2021

Beautifully remodeled home on Harbour Island with unobstructed water views and the beach at your doorstep! Private dead end street. Enjoy sunsets from the comfort of your living room. Passive solar with southwestern exposure. Perfect year round living, investment, or vacation home.

Last Agent to Sell the Property

Scott Halberg

Compass License #REB.0015643 Listed on: 08/19/2021

Compass

Last Buyer's Agent

Monica Ward

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,100

Year Built

  • Built in 1979

Lot Details

  • 10,019 Sq Ft Lot
  • Property is zoned R20

Home Design

  • Contemporary Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,656 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Water Views

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 190
  • Assessor Parcel Number 5WHEATFIELDCOVERDNARR

Community Details

Overview

  • Harbour Island Subdivision

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,100

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Subdivision Name: Harbour Island
  • Above Grade Finished Sq Ft: 1656.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Other
  • Interior Amenities: Bathtub, Tub Shower
  • Living Area: 1656.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Water
  • View: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 5WHEATFIELDCOVERDNARR
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5099.81
  • Tax Lot: 190
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 15, 2021
Sold by
Schupp Jack C
Bought by
Reinker Jeffrey A and Reinker Danielle M
Seller's Agent
Scott Halberg
Compass
Buyer's Agent
Monica Ward
List Price
$799,000
Sold Price
$791,000
Premium/Discount to List
-$8,000
-1%
Current Estimated Value
$1,075,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,229
Avg. Annual Appreciation
7.59%
Original Mortgage
$632,800
Outstanding Balance
$580,798
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$475,986
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
Reinker Jeffrey A $791,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinker Jeffrey A $632,800
Previous Owner West Dean B $285,100
Previous Owner West Dean B $255,000
Previous Owner West Dean B $190,000
Previous Owner West Dean B $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $791,000 -1.0% $478 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $799,000 +131.6% $482 / Sq Ft
09/16/2015 09/16/15 Sold $345,000 -34.3% $240 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $525,000 -- $366 / 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 $5,472 $835,400 $485,100 $350,300
2023 $5,359 $575,600 $334,500 $241,100
2022 $5,180 $575,600 $334,500 $241,100
2021 $5,100 $575,600 $334,500 $241,100
2020 $5,503 $525,100 $320,800 $204,300
2019 $5,372 $525,100 $320,800 $204,300
2018 $5,225 $525,100 $320,800 $204,300
2017 $4,504 $426,500 $297,700 $128,800
2016 $4,299 $426,500 $297,700 $128,800
2015 $4,239 $426,500 $297,700 $128,800
2014 $4,213 $419,600 $297,700 $121,900
Source: Public Records

Agents Affiliated with this Home

  • Scott Halberg

    Seller's Agent in 2021

    Scott Halberg

    Compass

    (401) 783-9611

    9 in this area

    58 Total Sales

    Scott Halberg
    Section Image

  • M

    Buyer's Agent in 2021

    Monica Ward

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1291492

State-Wide MLS

APN: NARR-000190-000000-Y000001

Rhode Island Washington County Narragansett 02882

5 Wheatfield Cove Rd, Narragansett, RI

This home is located at 5 Wheatfield Cove Rd, Narragansett, RI 02882 since 19 August 2021 and is currently estimated at $1,075,229, approximately $649 per square foot. This property was built in 1979. 5 Wheatfield Cove 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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