NOT LISTED FOR SALE

7 Wampum Rd Narragansett, RI 02882

6 Beds
2 Baths
2,480 Sq Ft
0.48 Acres

Last Sold November 15, 2021

Last sale price $675,000 $272 Per Sq Ft

18 Days on Market

Highlights

  • Marina
  • Beach Access
  • 0.48 Acre Lot
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Attic

About This Home

As of November 2021

Living is easy in this immaculately presented two family residence situated ideally in a prime Narragansett location. Rarely does an opportunity present itself to acquire a multi-unit income-producing property close to Bonnet Shores within a fifteen minute stroll to the sand and sea. The floor plan encompasses almost 2,500 square feet of living area, three bedrooms per unit (plus a possible bonus room in Unit #7), a very generously proportioned and completely remodeled kitchen/dining area in Unit #9 (with granite countertops), remodeled bathrooms and a landlord storage area. Each unit is equipped with laundry, and spacious bedrooms (many with walk-in closets in Unit #7). A level and private yard creates a pleasant scene for entertaining and the ultimate space for pets. The almost half acre of land flows effortlessly from the wide-open rear space to the front yard filled with tasteful landscaping and an abundance of parking. This home is ideally positioned to enjoy close proximity to the URI Bay Campus, Kelly Beach, Bonnet Shores Beach Club and Narrow River. It's the location that has it all, with ample recreation yet still within close proximity to highway access, Boston Neck Road and all conveniences. This home further retains its value with its presentation of many upgrades such as new flooring, updated electrical, new plumbing, and many cosmetic improvements. Enjoy the low Narragansett taxes while you supplement your income in the current high-demand rental market.

Last Agent to Sell the Property

Leann D'Ettore

Homistic Real Estate, Inc. License #REB.0018324 Listed on: 09/27/2021

Last Buyer's Agent

Anita Langer

Residential Properties Ltd. License #RES.0028189

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,504

Year Built

  • Built in 1940

Lot Details

  • 0.48 Acre Lot
  • Fenced

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 2,480 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Crawl Space
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • No Garage

Accessible Home Design

  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors
  • Accessible Approach with Ramp
  • Low Pile Carpeting

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation

Outdoor Features

  • Beach Access
  • River Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 560
  • Assessor Parcel Number 79WAMPUMRDNARR

Community Details

Overview

  • 2 Units
  • Near Bonnet Shores Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Building Details

  • Operating Expense $5,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,504

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.48
  • Subdivision Name: Near Bonnet Shores
  • Above Grade Finished Sq Ft: 2480.0
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Appliances, Incentives, Insulation, Lighting
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Accessibility Features: Accessibility Features, Low Pile Carpet, Accessible Approach with Ramp, Accessible Doors, Accessible Hallway(s)
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Beach Access, River Access, Walk to Water
  • Construction Type: Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: None, Window Unit(s)
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 150 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: 20909.0
  • Parcel #: 79WAMPUMRDNARR
  • Zoning: R80
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Location: Public Transportation,Walkability

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5500.0

Tax Info

  • Tax Annual Amount: 3504.0
  • Tax Lot: 560
  • Tax Year: 2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
11/15/2021 11/15/21 Sold $675,000 -3.6% $272 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $700,000 +268.4% $282 / Sq Ft
07/30/2013 07/30/13 Sold $190,000 -26.6% $77 / Sq Ft View Prior Sale
06/30/2013 06/30/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $259,000 -- $104 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1294666

State-Wide MLS