NOT LISTED FOR SALE

8 Major Cleathe Runway Way Narragansett, RI 02882

Estimated Value: $740,000 - $928,000

3 Beds
2.5 Baths
2,028 Sq Ft
$407/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $945,900 $466 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,721/month

28 Days on Market

Highlights

  • Water Access
  • 0.49 Acre Lot
  • Wood Flooring
  • Narragansett Elementary School Rated A
  • Contemporary Architecture
  • Attic

About This Home

As of August 2024

Unique piece of property at the end of a quite dead end street. Fully renovated with quality building material like granite countertops, ceramic kitchen tile, and stainless appliances and refinished hardwood floors. This property give tremendous opportunity for improvements because it sits on oversized lot with huge backyard. Suitable for inground swimming pool. The walkout basement is fully finished with kitchenette and full bathroom. With possibility of ADU. The end of Knowlesway extension there is a well maintained public right of way for kayak launch to enjoy all salt pond has to offer. Bonus sleeping loft in the attic. New central A/C. Three bedroom Septic System is in use but sewer is available. Great rental history with leases in place for academic year 2024-2025.

Last Agent to Sell the Property

James Durkin

Durkin Cottage Realty License #REB.0010447 Listed on: 07/17/2024

Last Buyer's Agent

James Durkin

Durkin Cottage Realty License #REB.0010447 Listed on: 07/17/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,956

Year Built

  • Built in 1960

Lot Details

  • 0.49 Acre Lot
  • Property is zoned r-20

Parking

  • 1 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Water Access
  • Walking Distance to Water

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 97
  • Assessor Parcel Number 8MAJORCLETHEWYNARR

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,956

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.492
  • Above Grade Finished Sq Ft: 1092.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1960
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 936.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Tub Shower
  • Living Area: 2028.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Multiple lots
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21431.0
  • Parcel #: 8MAJORCLETHEWYNARR
  • Zoning: r-20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3956.0
  • Tax Lot: 97
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2019
Sold by
Mongiello Michael and Mongiello Judith
Bought by
Laduke Rebecca L and Laduke David R
Current Estimated Value
$824,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Outstanding Balance
$179,956
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$644,943

Purchase Details

Closed on
Feb 20, 2007
Sold by
Lerz Antoinette
Bought by
Mongiello Michael and Mongiello Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,625
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Laduke Rebecca L $480,000 --
Mongiello Michael $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laduke Rebecca L $205,000
Previous Owner Mongiello Michael $258,000
Previous Owner Mongiello Michael $266,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $945,900 0.0% $466 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $945,900 -- $466 / 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 $3,957 $604,100 $274,400 $329,700
2023 $3,710 $398,500 $177,000 $221,500
2022 $3,587 $398,500 $177,000 $221,500
2021 $3,531 $398,500 $177,000 $221,500
2020 $4,304 $410,700 $205,100 $205,600
2019 $4,152 $405,900 $205,100 $200,800
2018 $4,039 $405,900 $205,100 $200,800
2017 $3,543 $335,500 $183,800 $151,700
2016 $3,382 $335,500 $183,800 $151,700
2015 $3,335 $335,500 $183,800 $151,700
2014 $3,368 $335,500 $183,800 $151,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James Durkin

    Durkin Cottage Realty

    (401) 789-6659

    46 in this area

    48 Total Sales

    James Durkin
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Map

Source: State-Wide MLS

MLS Number: 1363920

State-Wide MLS

APN: NARR-000097-000000-R000001

Rhode Island Washington County Narragansett 02882

8 Major Cleathe Runway Way, Narragansett, RI

This home is located at 8 Major Cleathe Runway Way, Narragansett, RI 02882 since 17 July 2024 and is currently estimated at $824,899, approximately $406 per square foot. This property was built in 1960. 8 Major Cleathe Runway Way 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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