NOT LISTED FOR SALE

8 Clara Ln Narragansett, RI 02882

Estimated Value: $796,000 - $823,000

4 Beds
3 Baths
2,290 Sq Ft
$355/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $615,000 $269 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,812/month

90 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • Narragansett Elementary School Rated A
  • Raised Ranch Architecture
  • Tennis Courts

About This Home

As of January 2023

WELCOME to the seaside community of Bonnet Shores, Narragansett, Rhode Island. This property is a short driving distance to Narragansett Pier town beach, as well as to Rhode Island's state beaches, local seafood dining, kayaking on the Narrow River, freshwater and saltwater fishing, surfing and shopping all while enjoying warm summer breezes. Membership to Bonnet Shore's private Kelly Beach is also available. This 4/5 bedroom property is freshly painted with new flooring and suitable for immediate occupancy. South County, Rhode Island has long been viewed as one of our nation's top recreation and resort destinations. During the year, there are many attractions to enjoy including seafood festivals, hot air balloon rides, concerts and movies on the beach, Blessing of the Fleet festival and/or sailing to Block Island, considered to be the emerald of the Atlantic. This property is perfect for year-round or vacation/investment. Located 15 minutes from Newport or Providence/Green International Airport, Amtrak and the MBTA Commuter Rail and 10 minutes to the University of Rhode Island with its school of Oceanography.

Last Agent to Sell the Property

Joel Langlois

Gustave White Sotheby's Realty License #RES.0024570 Listed on: 10/02/2022

Gustave White Sotheby's Realty

Last Buyer's Agent

Sharon Ford

RI Real Estate Services License #RES.0028353

RI Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,591

Year Built

  • Built in 1986

Lot Details

  • 10,000

Parking

  • 1 Car Attached Garage

Home Design

  • Raised Ranch Architecture
  • Combination Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Thermal Windows
  • Family Room
  • Home Office

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • No Cooling
  • Zoned Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • 10,000 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 8CLARALANENARR

Community Details

Overview

  • Bonnet Shores Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,591

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2296
  • Subdivision Name: Bonnet Shores
  • Above Grade Finished Sq Ft: 1294.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1986
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Finished, Partial, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 996.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Cedar Closet(s), Tub Shower, Cable TV
  • Living Area: 2290.0
  • Dining Room Type: Bathroom, Family Room, Laundry, Office
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10000.0
  • Parcel #: 8CLARALANENARR
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3591.0
  • Tax Lot: 8
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2022
Closed on
Jan 3, 2023
Sold by
Daniels Dorothy I and Wright David A
Bought by
Mcknight Kevin and Mcknight Leslie
Seller's Agent
Joel Langlois
Gustave White Sotheby's Realty
Buyer's Agent
Sharon Ford
RI Real Estate Services
List Price
$679,000
Sold Price
$615,000
Premium/Discount to List
-$64,000
-9.43%
Views
151
Current Estimated Value
$812,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,762
Avg. Annual Appreciation
11.37%
Original Mortgage
$492,000
Outstanding Balance
$477,879
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$334,883

Purchase Details

Closed on
Sep 6, 2005
Sold by
Champagne Richard L and Champagne Cheryl A
Bought by
Daniels Dorothy I and Wright David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,800
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2002
Sold by
Matulewicz Dennis A and Matulewicz Jamie B
Bought by
Champagne Richard L and Champagne Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.09%

Purchase Details

Closed on
Jul 2, 1990
Sold by
Grant Gisele L
Bought by
Matulewicz Dennis A
Source: Public Records

Range of Values:

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Average Value
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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
Mcknight Kevin $615,000 None Available
Daniels Dorothy I $421,000 --
Champagne Richard L $310,000 --
Matulewicz Dennis A $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcknight Kevin $492,000
Previous Owner Matulewicz Dennis A $135,000
Previous Owner Matulewicz Dennis A $336,800
Previous Owner Matulewicz Dennis A $170,000
Previous Owner Matulewicz Dennis A $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $615,000 -6.7% $269 / Sq Ft
10/24/2022 10/24/22 Price Changed $659,000 -2.9% $288 / Sq Ft
10/04/2022 10/04/22 For Sale $679,000 -- $297 / 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 $3,893 $594,300 $192,500 $401,800
2023 $3,715 $399,000 $137,500 $261,500
2022 $3,591 $399,000 $137,500 $261,500
2021 $3,535 $399,000 $137,500 $261,500
2020 $3,583 $341,900 $94,500 $247,400
2019 $3,498 $341,900 $94,500 $247,400
2018 $3,402 $341,900 $94,500 $247,400
2017 $2,866 $271,400 $85,800 $185,600
2016 $2,736 $271,400 $85,800 $185,600
2015 $2,698 $271,400 $85,800 $185,600
2014 $2,967 $295,500 $103,000 $192,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1321334

State-Wide MLS

APN: NARR-000008-000000-000000NR