NOT LISTED FOR SALE

7 Defelice Rd Narragansett, RI 02882

Estimated Value: $1,371,000 - $2,013,514

8 Beds
3.5 Baths
3,720 Sq Ft
$435/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $1,250,000 $336 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,338/month

33 Days on Market

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Narragansett Elementary School Rated A
  • Beach Access
  • Contemporary Architecture

About This Home

As of April 2022

Across the street from Scarborough State Beach, this is the ideal beach vacation home for the extended family with 8 bedrooms and 4 baths. It is rented through the end of the summer. It offers over 3,700 square feet of living space. It has an open floor plan with the kitchen, living and dining area open to 2nd-floor deck with a beautiful view of the beach. Three bedrooms walk out to the over 550 square ft of deck space. It has great views of the beach and ocean from its many windows. There are ample parking and a large backyard. There is no flood insurance. The home is continually booked early with excellent rents. Rented through the end of summer 2022.

Last Agent to Sell the Property

Joseph Mallicone

New Market Realty License #REB.0016432 Listed on: 02/19/2022

Last Buyer's Agent

James Durkin

Durkin Cottage Realty License #REB.0010447

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,240

Year Built

  • Built in 2007

Lot Details

  • 0.38 Acre Lot
  • Property is zoned r-10

Parking

  • 1 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,720 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number 7DEFELICERDNARR

Community Details

Amenities

  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,240

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3825
  • Above Grade Finished Sq Ft: 3720.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Oil Water Heater, Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub
  • Living Area: 3720.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 11.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Public Transportation
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16662.0
  • Parcel #: 7DEFELICERDNARR
  • Zoning: r-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9240.0
  • Tax Lot: 88
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2022
Closed on
Apr 29, 2022
Sold by
Ricci Edward W
Bought by
Bhalla Sumit and Gupta Apurv
Seller's Agent
Joseph Mallicone
New Market Realty
Buyer's Agent
James Durkin
Durkin Cottage Realty
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,617,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,879
Avg. Annual Appreciation
7.76%
Original Mortgage
$1,000,000
Outstanding Balance
$940,035
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$677,844
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
Bhalla Sumit $1,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhalla Sumit $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $1,250,000 0.0% $336 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
02/19/2022 02/19/22 For Sale $1,250,000 -- $336 / 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 $8,718 $1,331,000 $675,700 $655,300
2023 $9,709 $1,042,900 $482,700 $560,200
2022 $9,386 $1,042,900 $482,700 $560,200
2021 $9,240 $1,042,900 $482,700 $560,200
2020 $9,491 $905,600 $480,300 $425,300
2019 $9,264 $905,600 $480,300 $425,300
2018 $8,757 $880,100 $480,300 $399,800
2017 $9,225 $873,600 $444,100 $429,500
2016 $8,806 $873,600 $444,100 $429,500
2015 $8,684 $873,600 $444,100 $429,500
2014 $8,931 $889,500 $503,300 $386,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joseph Mallicone

    New Market Realty

    (401) 996-0431

    1 in this area

    3 Total Sales

    Joseph Mallicone
    Section Image

  • J

    Buyer's Agent in 2022

    James Durkin

    Durkin Cottage Realty

    (401) 789-6659

    46 in this area

    48 Total Sales

    James Durkin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1303532

State-Wide MLS

APN: NARR-000088-000000-S000000

Rhode Island Washington County Narragansett 02882

7 Defelice Rd, Narragansett, RI

This home is located at 7 Defelice Rd, Narragansett, RI 02882 since 19 February 2022 and is currently estimated at $1,617,879, approximately $434 per square foot. This property was built in 2007. 7 Defelice 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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