NOT LISTED FOR SALE

7 Prospect Ave Narragansett, RI 02882

Estimated Value: $1,340,000 - $1,577,000

6 Beds
2.5 Baths
3,913 Sq Ft
$378/Sq Ft Est. Value

Sale Details

Date Sold: September 2, 2025

Last sale price $1,525,000 $390 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,365 / mo

22 Days on Market

Highlights

  • Marina
  • Beach Access
  • 0.58 Acre Lot
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • 1-minute walk to Sprague Memorial Fields

About This Home

As of September 2025

Welcome to "The Wheelhouse" a spacious 6-bedroom home in Narragansett Pier with outdoor living and modern updates.
Set on over half an acre in the Narragansett Pier, this 2,200 square foot home offers comfort, location, and flexibility. With 6 bedrooms and 2.5 updated bathrooms, the layout is ideal for hosting extended family, accommodating guests, or enjoying as a spacious second home by the beach. An updated kitchen flows into bright and open living areas, and recent upgrades to the heating and cooling systems including a Navien on demand boiler ensure year-round comfort. Outdoor living is a standout feature, with a wraparound covered porch, deck, shaded lawn areas and outdoor shower. The property also benefits from a detached garage that offers additional storage or exciting potential for conversion to an accessory dwelling unit (ADU). Perfectly situated just a short distance to Narragansett Town Beach, the sea wall, shops, and restaurants as well as the 7 mile long William O'Neill bike path. Offered fully furnished, this home is move-in ready for summer enjoyment, year-round living, or rental income.

Last Agent to Sell the Property

Jason Vickers

Lila Delman Compass License #REB.0019870 Listed on: 06/11/2025

Last Buyer's Agent

Katie Kilcommons

Lila Delman Compass License #RES.0041998

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,335

Year Built

  • Built in 1889

Lot Details

  • 25,177 Sq Ft Lot
  • Property is zoned R-40

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Stone Foundation

Interior Spaces

  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

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

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Energy-Efficient HVAC
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 7PROSPECTAVNARR

Community Details

Overview

  • Narragansett Pier Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,335

Year Built

Built in 1889

Lot Details

0.58 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.578
  • Inclusions: House is rented for the '25 summer season starting 6/18 - To date $61,254 to be collected, $51,424 to be paid to owner.
  • Subdivision Name: Narragansett Pier
  • Above Grade Finished Sq Ft: 2210.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Efficiency: HVAC, Water Heater
  • Building Stories: 3
  • Year Built: 1889
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Tankless Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1703.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3913.0
  • Stories: 3

Exterior Features

  • Waterfront Features: Beach Access, Walk to Water
  • Exterior Features: Deck, Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25177.0
  • Parcel #: 7PROSPECTAVNARR
  • Zoning: R-40

Green Features

  • Green Location: Public Transportation,Walkability

Tax Info

  • Tax Annual Amount: 5335.0
  • Tax Lot: 22
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2025
Closed on
Sep 2, 2025
Sold by
Frederickson Joshua and Mccue David F
Bought by
Sparrow Matthew and Sparrow Erin
Seller's Agent
Jason Vickers
Lila Delman Compass
Buyer's Agent
Katie Kilcommons
Lila Delman Compass
List Price
$1,525,000
Sold Price
$1,525,000
Views
29
Current Estimated Value
$1,480,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,353
Avg. Annual Appreciation
-4.44%
Original Mortgage
$1,067,500
Outstanding Balance
$1,061,776
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$418,871

Purchase Details

Closed on
Feb 1, 2002
Sold by
Hodnett John and Hodnett Pamela L
Bought by
Mccue David and Frederickson Joshua M

Purchase Details

Closed on
Dec 1, 1997
Sold by
Tarpey Joseph and Tarpey Janet
Bought by
Hodnett John and Delman Pamela L

Purchase Details

Closed on
Jul 7, 1994
Sold by
Schartner Zachery and Natalizia Michael J
Bought by
Tarpey Joseph and Tarpey Janet
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sparrow Matthew $1,525,000 --
Mccue David $287,000 --
Mccue David F $287,000 --
Hodnett John $168,000 --
Hodnett John P $168,000 --
Tarpey Joseph $192,000 --
Tarpey Joseph T $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sparrow Matthew $1,067,500
Previous Owner Tarpey Joseph T $393,500
Previous Owner Tarpey Joseph T $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 Sold $1,525,000 0.0% $390 / Sq Ft
07/03/2025 07/03/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $1,525,000 -- $390 / Sq Ft
Source: State-Wide MLS

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 $5,531 $814,600 $318,500 $496,100
2024 $5,336 $814,600 $318,500 $496,100
2023 $5,007 $537,800 $227,500 $310,300
2022 $4,840 $537,800 $227,500 $310,300
2021 $4,765 $537,800 $227,500 $310,300
2020 $4,833 $461,200 $169,800 $291,400
2019 $4,718 $461,200 $169,800 $291,400
2018 $4,589 $461,200 $169,800 $291,400
2017 $4,349 $411,800 $177,600 $234,200
2016 $4,151 $411,800 $177,600 $234,200
2015 $4,093 $411,800 $177,600 $234,200
2014 $4,243 $422,600 $183,900 $238,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1387379

State-Wide MLS

APN: NARR-000022-000000-H000000

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