NOT LISTED FOR SALE

929 Matunuck Beach Rd Wakefield, RI 02879

Estimated Value: $1,461,000 - $1,826,000

2 Beds
2.5 Baths
1,800 Sq Ft
$907/Sq Ft Est. Value

Last Sold April 19, 2016

Last sale price $800,000 $444 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $9,780/month

159 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Wood Flooring
  • Marina
  • Deck
  • Tennis Courts

About This Home

As of April 2016

Matunuck at it's best! Oceanfront beach house built in 2002. Unbelievable views of Block Island Sound! Your own private sandy beach with crashing waves. Top of the line kitchen, hardwoods,heat and central air conditioning. Year round or summer .

Last Agent to Sell the Property

Peter McLaughlin

WATERFRONT PROPERTIES License #RES.0015704 Listed on: 10/12/2015

Last Buyer's Agent

Gregory Arakelian

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,757

Year Built

  • Built in 2002

Lot Details

  • Beach Front
  • Property is zoned CN

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Water Views
  • Security System Owned

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Deck
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 929MATUNUCKBEACHRDSKNG

Community Details

Overview

  • Matunuck Beach Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,757

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: MATUNUCK BEACH
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2002
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 1800.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Pillar/Post/Pier
  • 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: 5.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Propane
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 0.26
  • Parcel #: 929MATUNUCKBEACHRDSKNG
  • Zoning: CN
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11757.0
  • Tax Block: 0
  • Tax Lot: 8
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2015
Closed on
Apr 20, 2016
Sold by
Melnick Mark
Bought by
Reardon Craig A
Seller's Agent
Peter McLaughlin
WATERFRONT PROPERTIES
Buyer's Agent
Gregory Arakelian
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Current Estimated Value
$1,631,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$831,993
Avg. Annual Appreciation
7.83%
Original Mortgage
$640,000
Outstanding Balance
$508,441
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,123,552

Purchase Details

Closed on
Jan 2, 2013
Sold by
Melnick Melissa G
Bought by
Melnick Mark H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.44%

Purchase Details

Closed on
Sep 19, 2008
Sold by
Cabral Frank J Est
Bought by
Melnick Mark H and Melnick Melissa G

Purchase Details

Closed on
Mar 13, 2002
Sold by
Gallichant Helen L and Lamontagne Barbara E
Bought by
Offshore Development
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
Reardon Craig A $800,000 --
Melnick Mark H -- --
Melnick Mark H $875,000 --
Offshore Development $238,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Offshore Development $640,000
Closed Offshore Development $80,000
Previous Owner Offshore Development $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2016 04/19/16 Sold $800,000 -11.0% $444 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $899,000 -- $499 / 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
2025 $13,124 $1,468,000 $1,077,200 $390,800
2024 $13,541 $1,225,400 $903,600 $321,800
2023 $13,541 $1,225,400 $903,600 $321,800
2022 $13,418 $1,225,400 $903,600 $321,800
2021 $14,164 $980,200 $737,000 $243,200
2020 $14,158 $979,800 $737,000 $242,800
2019 $14,158 $979,800 $737,000 $242,800
2018 $12,346 $787,400 $589,600 $197,800
2017 $12,055 $787,400 $589,600 $197,800
2016 $11,882 $787,400 $589,600 $197,800
2015 $11,797 $760,100 $565,500 $194,600
2014 $11,766 $760,100 $565,500 $194,600
Source: Public Records

Agents Affiliated with this Home

  • Peter McLaughlin

    Seller's Agent in 2016

    Peter McLaughlin

    WATERFRONT PROPERTIES

    (401) 792-0611

    15 in this area

    40 Total Sales

    Peter McLaughlin
    Section Image

  • G

    Buyer's Agent in 2016

    Gregory Arakelian

  • Greg Arakelian

    Buyer's Agent in 2016

    Greg Arakelian

    Mott & Chace Sotheby's Intl.

    (401) 954-5703

    7 in this area

    43 Total Sales

    Greg Arakelian
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1110085

State-Wide MLS

APN: SKIN-009203-000000-000008

Rhode Island Washington County Wakefield 02879

929 Matunuck Beach Rd, Wakefield, RI

This home is located at 929 Matunuck Beach Rd, Wakefield, RI 02879 since 12 October 2015 and is currently estimated at $1,631,993, approximately $906 per square foot. This property was built in 2002. 929 Matunuck Beach Rd is a home located in Washington County with nearby schools including South Kingstown High School.

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