NOT LISTED FOR SALE

87 Ninigret Rd Narragansett, RI 02882

Estimated Value: $655,000 - $927,000

4 Beds
4 Baths
2,146 Sq Ft
$351/Sq Ft Est. Value

Last Sold January 22, 2018

Last sale price $394,000 $184 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,506/month

25 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Walking Distance to Water
  • Narragansett Elementary School Rated A
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of January 2018

Here is a very rare opportunity to own an investment property in Narragansett! This well kept and updated side by side duplex is close to and within walking distance to Bonnet Shores and Narrow River! It offers a bright floorplan with 1.5 baths, two large bedrooms, a large family room, new floors, fresh paint and updated mechanicals. Each unit has its own washer and dryer. Newer roof. Town water and sewer. Excellent rental income and solid leases are currently in place with future opportunity for rent increases. All situated on a very large and private lot. Minutes to the best beaches in RI!

Last Agent to Sell the Property

Jacqueline Mallett

RI Real Estate Services License #RES.0041743 Listed on: 11/27/2017

RI Real Estate Services

Last Buyer's Agent

Kevin Bochner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,946

Year Built

  • Built in 1972

Lot Details

  • 0.34

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,146 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Walking Distance to Water
  • 0.34 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 87NINIGRETRDNARR

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

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

Additional Features

  • 2 Units
  • Operating Expense $5,046

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,946

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Above Grade Finished Sq Ft: 2146.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1972
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

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: 14810.0
  • Parcel #: 87NINIGRETRDNARR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5046.0

Tax Info

  • Tax Annual Amount: 2946.0
  • Tax Lot: 51
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2017
Closed on
Jan 22, 2018
Sold by
Hawwa Tawfik F
Bought by
Dimuccio Robert D and Dimuccio Robert D
Seller's Agent
Jacqueline Mallett
RI Real Estate Services
Buyer's Agent
Kevin Bochner
List Price
$399,900
Sold Price
$394,000
Premium/Discount to List
-$5,900
-1.48%
Total Days on Market
25
Current Estimated Value
$752,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,634
Avg. Annual Appreciation
8.63%
Original Mortgage
$372,405
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2015
Sold by
Hawwa Tawfik and Hawwa Olga
Bought by
Tawfik F Hawwa Ret

Purchase Details

Closed on
Aug 20, 2012
Sold by
Hawwa Olga and Hawwa Tawfik
Bought by
Hawwa Tawfik and Hawwa Olga

Purchase Details

Closed on
Oct 21, 2005
Sold by
Maciel Richard E and Maciel Natasha
Bought by
Hawwa Tawfik F and Hawwa Olga S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,900
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
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
Dimuccio Robert D $394,000 --
Tawfik F Hawwa Ret -- --
Hawwa Tawfik -- --
Hawwa Tawfik F $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimuccio Robert D $357,000
Closed Dimuccio Robert D $372,405
Previous Owner Maciel Richard E $335,900
Previous Owner Maciel Richard E $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $394,000 -1.5% $184 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
11/27/2017 11/27/17 For Sale $399,900 -- $186 / 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 $3,386 $516,900 $219,000 $297,900
2023 $3,143 $337,600 $156,500 $181,100
2022 $3,038 $337,600 $156,500 $181,100
2021 $2,991 $337,600 $156,500 $181,100
2020 $2,830 $270,000 $106,600 $163,400
2019 $2,762 $270,000 $106,600 $163,400
2018 $2,687 $270,000 $106,600 $163,400
2017 $2,946 $279,000 $111,000 $168,000
2016 $2,812 $279,000 $111,000 $168,000
2015 $2,773 $279,000 $111,000 $168,000
2014 $2,785 $277,400 $105,200 $172,200
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Mallett

    Seller's Agent in 2018

    Jacqueline Mallett

    RI Real Estate Services

    (401) 345-3631

    5 in this area

    22 Total Sales

    Jacqueline Mallett
    Section Image

  • K

    Buyer's Agent in 2018

    Kevin Bochner

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1178404

State-Wide MLS

APN: NARR-000051-000000-000000NE

Rhode Island Washington County Narragansett 02882

87 Ninigret Rd, Narragansett, RI

This home is located at 87 Ninigret Rd, Narragansett, RI 02882 since 27 November 2017 and is currently estimated at $752,634, approximately $350 per square foot. This property was built in 1972. 87 Ninigret Rd is a home located in Washington County with nearby schools including Narragansett Elementary School, Narragansett Pier Middle School, and Narragansett High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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