NOT LISTED FOR SALE

787 Ocean Rd Unit 1 Narragansett, RI 02882

Estimated Value: $915,000 - $1,216,000

2 Beds
1.5 Baths
1,772 Sq Ft
$627/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $935,000 $528 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,021/month

35 Days on Market

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Narragansett Elementary School Rated A
  • Golf Course Community
  • Deck

About This Home

As of May 2021

Lands End is a unique eleven unit condo community at the North end of Scarborough State Beach. These three level condominiums have panoramic views of Narragansett Bay and the Atlantic Ocean from the second and third floors. Access to Scarborough Sate Beach North, and Black Point make this opportunity truly unique. Able to rent short term with no restrictions year round. Flood insurance is included in the Home Owner Association fee. Third level has a master bedroom with deck, full bath and a second bedroom. The second level has a living room with a deck and stairway, kitchen, half bath and a small balcony facing West. See the sunrise from the master bedroom deck and sunset from the balcony on the main level. The ground level is a walk out to the beach, outside hot and cold shower, family room with a storage area for toys and bikes. Great investment opportunity or great vacation home.

Last Agent to Sell the Property

James Durkin

Durkin Cottage Realty License #REB.0010447 Listed on: 02/26/2021

Last Buyer's Agent

Bridgette Soby

Mott & Chace Sotheby's Intl. License #RES.0029660

Mott & Chace Sotheby's Intl.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1984

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,772 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Carpet
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Underground Utilities
  • 100 Amp Service
  • Oil Water Heater

Additional Features

  • Beach Front
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 94-1
  • Assessor Parcel Number 787OCEANRD1NARR

Community Details

Overview

  • 11 Units
  • Scarborough Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,000

Year Built

Built in 1984

Lot Details

0

HOA Fees

$600 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Scarborough
  • Above Grade Finished Sq Ft: 1772.0
  • Building Name: LANDS END
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 1984
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Private Entry
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower
  • Living Area: 1772.0
  • Dining Room Type: Bedroom, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Attached, Garage
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No
  • Association Fee: 600.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 787OCEANRD1NARR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 11

Tax Info

  • Tax Annual Amount: 5000.0
  • Tax Lot: 94-1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Apr 30, 2021
Sold by
787 Ocean Road Llc
Bought by
Kim Gary H and Kim Nicole D
Seller's Agent
James Durkin
Durkin Cottage Realty
Buyer's Agent
Bridgette Soby
Mott & Chace Sotheby's Intl.
List Price
$875,000
Sold Price
$935,000
Premium/Discount to List
$60,000
6.86%
Current Estimated Value
$1,110,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,638
Avg. Annual Appreciation
3.95%
Original Mortgage
$60,000
Outstanding Balance
$54,290
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,056,348

Purchase Details

Closed on
Dec 24, 1986
Bought by
Lange William J
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
Kim Gary H $935,000 None Available
Lange William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Gary H $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $935,000 +6.9% $528 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $875,000 -- $494 / 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 $6,110 $932,800 $0 $932,800
2023 $5,525 $593,500 $0 $593,500
2022 $5,342 $593,500 $0 $593,500
2021 $5,258 $593,500 $0 $593,500
2020 $4,972 $474,400 $0 $474,400
2019 $4,853 $474,400 $0 $474,400
2018 $4,720 $474,400 $0 $474,400
2017 $5,488 $519,700 $0 $519,700
2016 $5,239 $519,700 $0 $519,700
2015 $5,166 $519,700 $0 $519,700
2014 $4,220 $420,300 $0 $420,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    James Durkin

    Durkin Cottage Realty

    (401) 789-6659

    46 in this area

    48 Total Sales

    James Durkin
    Section Image
  • Bridgette Soby

    Buyer's Agent in 2021

    Bridgette Soby

    Mott & Chace Sotheby's Intl.

    (401) 662-7969

    16 in this area

    115 Total Sales

    Bridgette Soby
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1276248

State-Wide MLS

APN: NARR-000094-S000000-000001

Rhode Island Washington County Narragansett 02882

787 Ocean Rd Unit 1, Narragansett, RI

This home is located at 787 Ocean Rd Unit 1, Narragansett, RI 02882 since 26 February 2021 and is currently estimated at $1,110,638, approximately $626 per square foot. This property was built in 1984. 787 Ocean Rd Unit 1 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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