NOT LISTED FOR SALE

7 Palm Beach Ave Narragansett, RI 02882

Estimated Value: $906,000 - $1,185,000

6 Beds
2 Baths
2,310 Sq Ft
$437/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $746,000 $323 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,927/month

42 Days on Market

Highlights

  • Marina
  • Beach Access
  • Cathedral Ceiling
  • Narragansett Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of February 2023

Relax in this spacious and well maintained seaside retreat in desirable Briggs Farm! Offering 6 bedroom and 2 full baths. Featuring an open floor plan with cathedral ceilings, living room with fireplace, central air, hardwood floors, 3 season room, outdoor shower. Vacation/investment/year round? This home has a solid rental history! Town water/sewer/gas. Briggs Farm offers deeded rights to an association beach with water access/dock. Short drive to nearby State beaches, Galilee, Block Island Ferry. Seller financing available.

Last Agent to Sell the Property

Scott Halberg

Compass Brokerage Phone: 401-789-3100 License #REB.0015643 Listed on: 12/13/2022

Compass

Last Buyer's Agent

Scott Halberg

Compass Brokerage Phone: 401-789-3100 License #REB.0015643 Listed on: 12/13/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,709

Year Built

  • Built in 1969

Lot Details

  • 8,670

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,310 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Additional Features

  • 8,670 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 7PALMBEACHAVNARR

Community Details

Overview

  • Briggs Farm Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,709

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.199
  • Subdivision Name: Briggs Farm
  • Above Grade Finished Sq Ft: 2310.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1969
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 401-789-3100
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Insert, Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Living Area: 2310.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Beach Access, Dock Access, Water Access, Walk to Water
  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: 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: 8670.0
  • Parcel #: 7PALMBEACHAVNARR
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4709.0
  • Tax Lot: 10
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Feb 24, 2023
Sold by
Mary Jo Vercillo Ret
Bought by
Panagako William
Seller's Agent
Scott Halberg
Compass
Buyer's Agent
Scott Halberg
Compass
List Price
$749,000
Sold Price
$746,000
Premium/Discount to List
-$3,000
-0.4%
Current Estimated Value
$1,009,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,913
Avg. Annual Appreciation
12.07%
Original Mortgage
$559,500
Outstanding Balance
$545,570
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$442,916

Purchase Details

Closed on
Dec 7, 2018
Sold by
Vercillo Mary J
Bought by
Mary Jo Vercillo Ret

Purchase Details

Closed on
Aug 6, 2004
Sold by
Pitt Francis M
Bought by
Vercillo Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Panagako William $746,000 None Available
Mary Jo Vercillo Ret -- --
Vercillo Mary Jo $368,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panagako William $559,500
Previous Owner Vercillo Mary Jo $273,750
Previous Owner Vercillo Mary Jo $359,650
Previous Owner Vercillo Mary Jo $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $746,000 -0.4% $323 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
12/13/2022 12/13/22 For Sale $749,000 -- $324 / 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 $4,780 $729,800 $272,800 $457,000
2023 $4,948 $531,500 $194,900 $336,600
2022 $4,784 $531,500 $194,900 $336,600
2021 $4,709 $531,500 $194,900 $336,600
2020 $4,153 $396,300 $145,400 $250,900
2019 $4,054 $396,300 $145,400 $250,900
2018 $3,943 $396,300 $145,400 $250,900
2017 $4,022 $380,900 $154,100 $226,800
2016 $3,839 $380,900 $154,100 $226,800
2015 $3,786 $380,900 $154,100 $226,800
2014 $3,879 $386,400 $159,600 $226,800
Source: Public Records

Agents Affiliated with this Home

  • Scott Halberg

    Seller's Agent in 2023

    Scott Halberg

    Compass

    (401) 783-9611

    9 in this area

    60 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1326671

State-Wide MLS

APN: NARR-000010-000000-Y000003

Rhode Island Washington County Narragansett 02882

7 Palm Beach Ave, Narragansett, RI

This home is located at 7 Palm Beach Ave, Narragansett, RI 02882 since 13 December 2022 and is currently estimated at $1,009,913, approximately $437 per square foot. This property was built in 1969. 7 Palm Beach Ave is a home located in Washington County with nearby schools including Narragansett Elementary School, Narragansett Pier Middle School, and Narragansett High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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