NOT LISTED FOR SALE

63 Shady Lea Rd North Kingstown, RI 02852

Saunderstown Neighborhood
9 Beds
4 Baths
6,371 Sq Ft
0.34 Acres

Last Sold July 01, 2019

Last sale price $558,450 $88 Per Sq Ft

17 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Bathtub with Shower
  • Hamilton Elementary School Rated A
  • Wood Flooring
  • 1-minute walk to Silver Spring Weir and Waterfall

About This Home

As of July 2019

Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new roof, new vinyl siding, hardwood floors refinished, new double-pane double-hung energy efficient windows, chimney re-pointed, etc. Rare offering in North Kingstown!

Last Agent to Sell the Property

Robert Sweeney

Real Broker, LLC License #RES.0042913 Listed on: 05/14/2019

Real Broker, LLC

Last Buyer's Agent

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,376

Year Built

  • Built in 1850

Lot Details

  • 0.34

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 6,371 Sq Ft Home
  • 3-Story Property
  • Security System Owned

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Parquet

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 10 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank

Additional Features

  • 0.34 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 007
  • Assessor Parcel Number 63SHADYLEARDNKNG

Community Details

Overview

  • 4 Units
  • Shady Lea Subdivision

Recreation

  • Marina
  • Golf Course Community

Additional Features

  • Public Transportation
  • Operating Expense $8,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,376

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Subdivision Name: Shady Lea
  • Above Grade Finished Sq Ft: 6371.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1850
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 9
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Parquet
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14782.0
  • Parcel #: 63SHADYLEARDNKNG
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 8710.0

Tax Info

  • Tax Annual Amount: 6376.0
  • Tax Lot: 007
  • Tax Year: 2018

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $558,450 -1.9% $88 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $569,000 -- $89 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Robert Sweeney

    Real Broker, LLC

    (401) 741-6931

    28 Total Sales

    Robert Sweeney
    Section Image
  • Ryan Hazinakis

    Buyer's Agent in 2019

    Ryan Hazinakis

    Keller Williams Coastal

    (401) 477-4251

    120 Total Sales

    Ryan Hazinakis
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1223404

State-Wide MLS
Rhode Island Washington County North Kingstown 02852 Saunderstown

63 Shady Lea Rd, North Kingstown, RI

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