NOT LISTED FOR SALE

7 Mechanic St Wakefield, RI 02879

Estimated Value: $449,232 - $554,000

3 Beds
1 Bath
915 Sq Ft
$533/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $345,000 $377 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,838/month

Highlights

  • Marina
  • Colonial Architecture
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • Thermal Windows

About This Home

As of March 2023

Location Location Location! In-town Wakefield living just steps away from the South County Bike Path and Main Street and a short cruise down to the beach. This home offers 2 bedrooms and 1 full bath upstairs, and a 3rd br/office on first floor with former 1/2 bath which could be re-plumbed. Ready for updates and your personal touch featuring hardwoods throughout, enclosed front porch, vinyl siding, replacement windows, and fenced yard. Connected to municipal water and sewer. Rare opportunity under 400K in a prime walkable/bikeable location with easy access to shops, dining, recreation, schools and more!

Last Agent to Sell the Property

William Litvin

Lighthouse Real Estate Group License #REB.0016227 Listed on: 01/11/2023

Last Buyer's Agent

Jason Vickers

Lila Delman Compass License #REB.0019870

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,120

Year Built

  • Built in 1880

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced
  • Property is zoned R10

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 915 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 84
  • Assessor Parcel Number 7MECHANICSTSKNG

Community Details

Overview

  • Wakefield Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,120

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Subdivision Name: Wakefield
  • Above Grade Finished Sq Ft: 915.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1880
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Bathroom Rough-In
  • Living Area: 915.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 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, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 7MECHANICSTSKNG
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3120.0
  • Tax Lot: 84
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Mar 30, 2023
Sold by
Miller Peter P and Miller Barbara L
Bought by
Vickers Jason L and Vickers Sylvia Mindy
Seller's Agent
William Litvin
Lighthouse Real Estate Group
Buyer's Agent
Jason Vickers
Lila Delman Compass
List Price
$385,000
Sold Price
$345,000
Premium/Discount to List
-$40,000
-10.39%
Current Estimated Value
$487,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,558
Avg. Annual Appreciation
13.78%
Original Mortgage
$276,000
Outstanding Balance
$267,023
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$220,535

Purchase Details

Closed on
Nov 15, 1994
Sold by
Dufault Raymond C
Bought by
Miller Peter P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,780
Interest Rate
8.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vickers Jason L $345,000 None Available
Miller Peter P $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vickers Jason L $276,000
Previous Owner Miller Peter P $90,000
Previous Owner Miller Peter P $119,500
Previous Owner Miller Peter P $112,000
Previous Owner Miller Peter P $90,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $345,000 -10.4% $377 / Sq Ft
01/11/2023 01/11/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $385,000 -- $421 / 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
2025 $3,236 $362,000 $191,400 $170,600
2024 $3,148 $284,900 $147,200 $137,700
2023 $3,148 $284,900 $147,200 $137,700
2022 $3,120 $284,900 $147,200 $137,700
2021 $3,069 $212,400 $113,200 $99,200
2020 $3,069 $212,400 $113,200 $99,200
2019 $3,069 $212,400 $113,200 $99,200
2018 $2,978 $189,900 $108,300 $81,600
2017 $2,907 $189,900 $108,300 $81,600
2016 $2,866 $189,900 $108,300 $81,600
2015 $2,739 $176,500 $98,500 $78,000
2014 $2,732 $176,500 $98,500 $78,000
Source: Public Records

Agents Affiliated with this Home

  • William Litvin

    Seller's Agent in 2023

    William Litvin

    Lighthouse Real Estate Group

    (401) 935-9612

    27 in this area

    51 Total Sales

    William Litvin
    Section Image
  • Jason Vickers

    Buyer's Agent in 2023

    Jason Vickers

    Lila Delman Compass

    (401) 783-2400

    15 in this area

    47 Total Sales

    Jason Vickers
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1327954

State-Wide MLS

APN: SKIN-005704-000000-000084

Rhode Island Washington County Wakefield 02879

7 Mechanic St, Wakefield, RI

Not Listed for Sale

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