NOT LISTED FOR SALE

787 Ocean Rd Unit 2 Narragansett, RI 02882

Estimated Value: $830,000 - $1,200,000

2 Beds
1.5 Baths
1,440 Sq Ft
$702/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $782,500 $543 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,465/month

16 Days on Market

Highlights

  • Beach Front
  • Marina
  • Deck
  • Narragansett Elementary School Rated A
  • Water Access
  • 1 Car Attached Garage

About This Home

As of February 2021

Rare opportunity to purchase a condo in Lands End with unobstructed beach and ocean views. This three level condo offers panoramic views of Narragansett Bay and overlooks the North end of Scarborough Beach near Black Point.
Great investment opportunity as short term rentals are allowed in Lands End. Strong rental history, numbers available upon request.

The ground floor (entrance) level offers a single garage, washer/dryer/utility room, and storage for beach chairs and toys.
The second level features an ocean facing living room with balcony, kitchen and half bathroom.
Both bedrooms and full bathroom with a beautiful tiled shower are on the third floor.
The master bedroom has fabulous ocean views and a private balcony.

Last Agent to Sell the Property

Sunrise Properties

EXPERIENCE Real Estate Listed on: 01/09/2021

Last Buyer's Agent

Alexandra Thursby

Mott & Chace Sotheby's Intl. License #RES.0035586

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,972

Year Built

  • Built in 1984

Lot Details

  • Beach Front

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

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Laundry in unit

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 94-2
  • Assessor Parcel Number 787OCEANRD2NARR

Community Details

Overview

  • 11 Units
  • Scarborough Subdivision

Amenities

  • Public Transportation

Recreation

  • Marina

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,972

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: 1440.0
  • 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: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Living Area: 1440.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water
  • Waterfront: Yes
  • 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
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 787OCEANRD2NARR
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 11

Tax Info

  • Tax Annual Amount: 4972.0
  • Tax Lot: 94-2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Feb 23, 2021
Sold by
Black Point Ri Llc
Bought by
Dimartino Robert J and Dimartino Liza A
Seller's Agent
Sunrise Properties
EXPERIENCE Real Estate
Buyer's Agent
Alexandra Thursby
Mott & Chace Sotheby's Intl.
List Price
$695
Sold Price
$782,500
Premium/Discount to List
$781,805
112489.93%
Current Estimated Value
$1,010,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,945
Avg. Annual Appreciation
5.73%
Original Mortgage
$300,000
Outstanding Balance
$268,317
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$742,128

Purchase Details

Closed on
May 16, 2018
Sold by
Viveiros Michelle and Hussein Maen
Bought by
Black Point Ri Llc

Purchase Details

Closed on
Jul 29, 2009
Sold by
Robinson Geraldine
Bought by
Viveiros Michelle and Hussein Maen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,110
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage
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
Dimartino Robert J $782,500 None Available
Black Point Ri Llc -- --
Viveiros Michelle $416,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimartino Robert J $300,000
Previous Owner Viveiros Michelle $356,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $782,500 +112489.9% $543 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $695 -- $0 / 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 $5,835 $890,900 $0 $890,900
2023 $5,278 $566,900 $0 $566,900
2022 $5,102 $566,900 $0 $566,900
2021 $5,023 $566,900 $0 $566,900
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 $5,436 $514,800 $0 $514,800
2016 $5,189 $514,800 $0 $514,800
2015 $5,117 $514,800 $0 $514,800
2014 $4,180 $416,300 $0 $416,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sunrise Properties

    EXPERIENCE Real Estate

  • Alexandra Thursby

    Buyer's Agent in 2021

    Alexandra Thursby

    Mott & Chace Sotheby's Intl.

    (401) 266-9900

    54 Total Sales

    Alexandra Thursby
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Map

Source: State-Wide MLS

MLS Number: 1273071

State-Wide MLS

APN: NARR-000094-S000000-000002

Rhode Island Washington County Narragansett 02882

787 Ocean Rd Unit 2, Narragansett, RI

This home is located at 787 Ocean Rd Unit 2, Narragansett, RI 02882 since 09 January 2021 and is currently estimated at $1,010,445, approximately $701 per square foot. This property was built in 1984. 787 Ocean Rd Unit 2 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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