NOT LISTED FOR SALE

74 King Philip Rd Narragansett, RI 02882

Estimated Value: $1,525,000 - $1,810,000

3 Beds
3.5 Baths
2,036 Sq Ft
$832/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $1,035,000 $508 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $10,053/month

13 Days on Market

Highlights

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

About This Home

As of July 2020

Experience the nostalgia of yesteryear of easy relaxed days at the beach at this 1920’s charming cottage rebuilt in 1997 to offer comfortable, contemporary living just steps from beautiful Narragansett Bay and Bonnet’s “Little Beach”! Come home from a day of sun and surf to play a game of croquet or badminton on the lush lawn of this over-sized lot, or enjoy beautiful views of the water from your 442 sq. ft. deck accessed from a wall of sliders in the living/dining room, or from the relaxing and peaceful screened porch off the kitchen. You will enjoy hardwoods throughout the first floor, crown molding, central air, a first floor master suite, a spacious 2nd floor suite that opens to a rooftop deck where you can view the lights of the Newport Bridge or the streaking sunset colors, all in move-in condition. There’s even a bunk room on the rear side of the 2 car garage. Sound like a dream from another time? It is..and it’s where you want to be to start your own memories! No flood insurance required.

Last Agent to Sell the Property

Kathleen Kourakis

Mott & Chace Sotheby's Intl. License #RES.0025235 Listed on: 06/17/2020

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Sonya DePasquale

Residential Properties Ltd. License #RES.0043629

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,720

Year Built

  • Built in 1997

Lot Details

  • 0.37 Acre Lot
  • Property is zoned R-10

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Cottage
  • Bungalow
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,036 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Thermal Windows
  • Water Views
  • Storm Doors

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 220 Volts
  • 200+ Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 396-98
  • Assessor Parcel Number 74KINGPHILIPRDNARR

Community Details

Overview

  • Bonnet Shores Little Beach Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,720

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3736
  • Subdivision Name: BONNET SHORES - LITTLE BEACH
  • Above Grade Finished Sq Ft: 2036.0
  • Architectural Style: Bungalow, Cabin/Cottage, Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1997
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Living Area: 2036.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

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: 16273.0
  • Parcel #: 74KINGPHILIPRDNARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6720.0
  • Tax Lot: 396-98
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jul 30, 2020
Sold by
Brenda K Laundry T
Bought by
Petrocchi Robert J and Petrocchi Doreen
Seller's Agent
Kathleen Kourakis
Mott & Chace Sotheby's Intl.
Buyer's Agent
Sonya DePasquale
Residential Properties Ltd.
List Price
$925,000
Sold Price
$1,035,000
Premium/Discount to List
$110,000
11.89%
Current Estimated Value
$1,693,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,184
Avg. Annual Appreciation
8.62%
Original Mortgage
$500,000
Outstanding Balance
$455,046
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,118,983

Purchase Details

Closed on
Apr 21, 2017
Sold by
Laundry Mary B
Bought by
Laundry Brenda K

Purchase Details

Closed on
May 16, 1996
Sold by
Salvadore Anne
Bought by
Laundry Terence C and Laundry Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.77%
Source: Public Records

Range of Values:

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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
Petrocchi Robert J $1,035,000 None Available
Laundry Brenda K -- --
Laundry Terence C $203,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrocchi Robert J $500,000
Previous Owner Laundry Terence C $140,700
Previous Owner Laundry Terence C $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $1,035,000 +11.9% $508 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $925,000 -- $454 / 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 $9,929 $1,515,900 $817,300 $698,600
2023 $8,857 $951,300 $480,800 $470,500
2022 $8,562 $951,300 $480,800 $470,500
2021 $8,429 $951,300 $480,800 $470,500
2020 $6,882 $656,700 $361,900 $294,800
2019 $6,718 $656,700 $361,900 $294,800
2018 $6,534 $656,700 $361,900 $294,800
2017 $6,699 $634,400 $391,700 $242,700
2016 $6,395 $634,400 $391,700 $242,700
2015 $6,306 $634,400 $391,700 $242,700
2014 $6,244 $621,900 $391,700 $230,200
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Kourakis

    Seller's Agent in 2020

    Kathleen Kourakis

    Mott & Chace Sotheby's Intl.

    (401) 789-8899

    18 in this area

    73 Total Sales

    Kathleen Kourakis
    Section Image

  • S

    Buyer's Agent in 2020

    Sonya DePasquale

    Residential Properties Ltd.

    (401) 245-9600

    1 in this area

    22 Total Sales

    Sonya DePasquale
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1256647

State-Wide MLS

APN: NARR-000396-000000-000000NR

Rhode Island Washington County Narragansett 02882

74 King Philip Rd, Narragansett, RI

This home is located at 74 King Philip Rd, Narragansett, RI 02882 since 17 June 2020 and is currently estimated at $1,693,184, approximately $831 per square foot. This property was built in 1997. 74 King Philip 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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