NOT LISTED FOR SALE

55 What Cheer Rd Narragansett, RI 02882

Estimated Value: $1,025,000 - $1,201,000

3 Beds
2 Baths
2,052 Sq Ft
$534/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $566,000 $276 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $6,316/month

12 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Burning Stove
  • Walking Distance to Water
  • Narragansett Elementary School Rated A
  • Wood Flooring
  • Thermal Windows

About This Home

As of March 2019

Location and charm enhance this traditional light filled Bonnet Shores home. Desirable location affords water views from the front yard and master bedroom. Enjoy the distant Newport Bridge lights in the evening! Home has a convenient layout with oversize living room opening to a spacious dining room with hardwoods that provides ample space to gather family and friends. The sun filled kitchen has plentiful counter space, stainless steel appliances, a skylight, hardwood floors and a full view door to deck. The deck can also be accessed from a slider in the dining room which is wonderful for warm weather entertaining. A beautiful stone fireplace with recessed wood stove graces the living room. Two first floor bedrooms with hardwoods and a full bath with a tub and shower complete the first floor. The large master bedroom with private bath is on the second floor along with a huge family room which has banks of windows on two walls. This space is extremely versatile and has lovely wide plank pine floors. The home has vinyl siding, driveway with parking for 5 cars and a fenced yard for gardens, pets and family fun. This property has been well cared for and maintained as a primary residence for the past 24 years. Come enjoy all the amenities of Bonnet Shores which include a community boat ramp and mooring field down the street along with 2 beaches. Enjoy boating, kayaking and fishing in this attractive seaside neighborhood!

Last Agent to Sell the Property

Teresa Tiernan

Compass License #RES.0028018 Listed on: 01/17/2019

Compass

Last Buyer's Agent

Timothy Haxton

Re/Max Flagship, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 1958

Lot Details

  • 5,998 Sq Ft Lot
  • Fenced
  • Property is zoned R 10

Home Design

  • Cape Cod Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,052 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Stove
  • Stone Fireplace
  • Thermal Windows
  • Storm Doors

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • 5 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • TV Antenna

Community Details

  • Bonnet Shores Subdivision
  • Public Transportation

Listing and Financial Details

  • Tax Lot 356
  • Assessor Parcel Number 55WHATCHEERRDNARR

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,018

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1377
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 2052.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1958
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Skylights, Tub Shower, Wood Burning Stove
  • Living Area: 2052.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: TV Antenna
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5998.0
  • Parcel #: 55WHATCHEERRDNARR
  • Zoning: R 10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5018.0
  • Tax Lot: 356
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
Mar 1, 2019
Sold by
Perry Jeffrey N and Perry Beth
Bought by
Horan Margaret
Seller's Agent
Teresa Tiernan
Compass
Buyer's Agent
Timothy Haxton
Re/Max Flagship, Inc.
List Price
$546,000
Sold Price
$566,000
Premium/Discount to List
$20,000
3.66%
Current Estimated Value
$1,094,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,991
Avg. Annual Appreciation
10.50%
Original Mortgage
$452,800
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 1995
Sold by
Perry Nicholas N and Perry Christine
Bought by
Perry Jeffrey N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
9.23%
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
Horan Margaret $566,000 --
Perry Jeffrey N $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horan Margaret $430,000
Closed Horan Margaret $452,800
Previous Owner Perry Beth $338,000
Previous Owner Perry Jeffrey N $148,000
Previous Owner Perry Jeffrey N $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $566,000 +3.7% $276 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $546,000 -- $266 / 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 $5,854 $893,800 $510,000 $383,800
2023 $5,247 $563,600 $300,000 $263,600
2022 $5,072 $563,600 $300,000 $263,600
2021 $4,993 $563,600 $300,000 $263,600
2020 $5,285 $504,300 $225,800 $278,500
2019 $5,159 $504,300 $225,800 $278,500
2018 $5,018 $504,300 $225,800 $278,500
2017 $4,532 $429,200 $231,000 $198,200
2016 $4,326 $429,200 $231,000 $198,200
2015 $4,266 $429,200 $231,000 $198,200
2014 $4,309 $429,200 $231,000 $198,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1213206

State-Wide MLS

APN: NARR-000356-000000-000000NR