$615,000
SOLD APR 21, 2023

56 King Philip Rd Narragansett, RI 02882

4 Beds
2 Baths
1,666 Sq Ft
9,017 Sq Ft Lot

Recently Sold

$369 Per Sq Ft

18% Below List Price

3 Days on Market

Highlights

  • Marina
  • Water Views
  • Cape Cod Architecture
  • Narragansett Elementary School Rated A
  • Beach Access
  • Corner Lot

About This Home

As of April 2023

4 bed 2 full bath cape in luxurious Bonnet Shores. This just under quarter acre corner lot with almost 1,700 square feet of living space is a two minute walk to Little Beach or take the bus in the spring and summer over to Big Beach and the Bonnet Shores Beach Club. The large master bedroom which spans the width of the home and features two large closets is a must see. Close to the highway and all that Narragansett has to offer. Needs some work and updating to make this truly your own home but the opportunities to own in Bonnet Shores are few and far between so don't miss out. Schedule you showing today. Sold as is.

Last Agent to Sell the Property

Michael Taylor

RI Real Estate Services License #REB.0019193 Listed on: 03/25/2023

RI Real Estate Services

Last Buyer's Agent

Anita Langer

Residential Properties Ltd. License #RES.0028189

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,628

Year Built

  • Built in 1971

Lot Details

  • 9,017 Sq Ft Lot
  • Corner Lot

Home Design

  • Cape Cod Architecture
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,666 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 391
  • Assessor Parcel Number 56KINGPHILIPRDNARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,628

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.207
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 1666.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1971
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Living Area: 1666.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Drywall, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9017.0
  • Parcel #: 56KINGPHILIPRDNARR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4628.0
  • Tax Lot: 391
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Wolfe Prop Llc
Bought by
Blackburn Kelly and Curran Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$398,034
Interest Rate
6.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$884,600

Purchase Details

Listed on
Mar 25, 2023
Closed on
Apr 21, 2023
Sold by
Taylor Michael R and Taylor Julie
Bought by
Wolfe Prop Llc
Seller's Agent
Michael Taylor
RI Real Estate Services
Buyer's Agent
Anita Langer
Residential Properties Ltd.
List Price
$749,000
Sold Price
$615,000
Premium/Discount to List
-$134,000
-17.89%
Views
247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.44%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $615,000 None Available
Warranty Deed $615,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Stand Alone Refi Refinance Of Original Loan
Closed $400,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $1,295,000 -7.2% $777 / Sq Ft
06/04/2025 06/04/25 For Sale $1,395,000 +126.8% $837 / Sq Ft
04/21/2023 04/21/23 Sold $615,000 -17.9% $369 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $749,000 -- $450 / 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 $4,890 $746,600 $525,100 $221,500
2023 $4,787 $514,200 $308,900 $205,300
2022 $4,628 $514,200 $308,900 $205,300
2021 $4,556 $514,200 $308,900 $205,300
2020 $4,644 $443,100 $232,500 $210,600
2019 $4,533 $443,100 $232,500 $210,600
2018 $4,409 $443,100 $232,500 $210,600
2017 $4,446 $421,000 $253,400 $167,600
2016 $4,244 $421,000 $253,400 $167,600
2015 $4,185 $421,000 $253,400 $167,600
2014 $4,295 $427,800 $253,400 $174,400
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1332116

State-Wide MLS

APN: NARR-000391-000000-000000NR