NOT LISTED FOR SALE

50 Central St Narragansett, RI 02882

Estimated Value: $2,026,000 - $3,555,000

8 Beds
5.5 Baths
5,282 Sq Ft
$544/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $1,100,000 $208 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $16,471/month

785 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wooded Lot
  • Narragansett Elementary School Rated A
  • 1.09 Acre Lot
  • Wood Flooring

About This Home

As of March 2016

A rare opportunity to own a shingle style Victorian gem c.1890. Shinglenook- situated on 1+ acre and only 1 block from the famous seawall on Ocean Road. Features period craftsmanship and awaits your perfect renovation. Walk to eateries, shops, beach!

Last Agent to Sell the Property

Jennifer Moretti

Edge Realty RI License #RES.0034601 Listed on: 12/21/2013

Last Buyer's Agent

Janet Kermes

Mott & Chace Sotheby's Intl. License #RES.0031052

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,517

Year Built

  • Built in 1890

Lot Details

  • 1.09 Acre Lot
  • Corner Lot
  • Wooded Lot
  • Property is zoned R10

Parking

  • 3 Car Detached Garage

Home Design

  • Victorian Architecture
  • Fixer Upper
  • Stone Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,282 Sq Ft Home
  • 3-Story Property
  • 4 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Storm Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Cedar Closet

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 127
  • Assessor Parcel Number 50CENTRALSTNARR

Community Details

Overview

  • Pier Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,517

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.09
  • Subdivision Name: PIER
  • Above Grade Finished Sq Ft: 5282.0
  • Architectural Style: Victorian
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1890
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Oven, Range
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Fireplace Features: Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathroom Rough-In, Cedar Closet(s)
  • Living Area: 5282.0
  • Stories: 3
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Multiple lots, Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Shingle Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter, Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 13.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 47480.0
  • Parcel #: 50CENTRALSTNARR
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8516.9
  • Tax Lot: 127
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Walters Gerald G and Walters Noel P
Bought by
Gg Walter and Np Walters
Current Estimated Value
$2,874,012

Purchase Details

Listed on
Dec 21, 2013
Closed on
Mar 16, 2016
Sold by
Midland Ira Inc
Bought by
Walters Gerard G and Walters Noel P
Seller's Agent
Jennifer Moretti
Edge Realty RI
Buyer's Agent
Janet Kermes
Mott & Chace Sotheby's Intl.
List Price
$1,850,000
Sold Price
$1,100,000
Premium/Discount to List
-$750,000
-40.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$1,280,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2010
Sold by
D3 Holdings Llc
Bought by
Administr Entrust Ira

Purchase Details

Closed on
Dec 4, 2009
Sold by
Frater Stephen and Frater Suzy
Bought by
D3 Holding Llc
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
Gg Walter -- None Available
Gg Walter -- None Available
Walters Gerard G $1,100,000 --
Administr Entrust Ira $900,000 --
D3 Holding Llc -- --
Walters Gerard G $1,100,000 --
Entrust Ira Administr $900,000 --
D3 Holding Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walters Gerard G $1,280,000
Previous Owner D3 Holding Llc $1,597,408
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2016 03/16/16 Sold $1,100,000 -40.5% $208 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
12/21/2013 12/21/13 For Sale $1,850,000 -- $350 / 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 $14,804 $2,260,100 $726,900 $1,533,200
2023 $12,923 $1,388,100 $494,700 $893,400
2022 $12,493 $1,388,100 $494,700 $893,400
2021 $12,299 $1,388,100 $494,700 $893,400
2020 $10,770 $1,027,700 $372,900 $654,800
2019 $10,513 $1,027,700 $372,900 $654,800
2018 $10,226 $1,027,700 $372,900 $654,800
2017 $9,888 $936,400 $339,300 $597,100
2016 $8,861 $879,100 $339,300 $539,800
2015 $8,432 $848,300 $339,300 $509,000
2014 $8,939 $890,300 $339,300 $551,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jennifer Moretti

    Edge Realty RI

    (401) 480-0008

    18 Total Sales

    Jennifer Moretti
    Section Image

  • J

    Buyer's Agent in 2016

    Janet Kermes

    Mott & Chace Sotheby's Intl.

    (401) 527-8159

    29 in this area

    76 Total Sales

    Janet Kermes
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1057070

State-Wide MLS

APN: NARR-000127-000000-D000000

Rhode Island Washington County Narragansett 02882

50 Central St, Narragansett, RI

This home is located at 50 Central St, Narragansett, RI 02882 since 21 December 2013 and is currently estimated at $2,874,012, approximately $544 per square foot. This property was built in 1890. 50 Central St 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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