4 months on rocket

1316 Ocean Rd, Narragansett, RI, 02882

$1,250,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,700 SqFt
$463/SqFt
House

Location

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1316 Ocean Rd, Narragansett$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached GarageYes
Year Built2010
HeatingForced Air, Propane
CoolingCentral Air
FireplaceNone
MLS #1362935
Lot Size0.16 Acres
StatusActive

About 1316 Ocean Rd

SURF'S UP-are you ready for some fun in the sun? Incredible opportunity to own this immaculate investment property OR second home by the sea. Perhaps a hybrid of both by collecting the rent checks consistently and keeping a summer month to enjoy! Excellent summer rental history, $3,000 a week which then converts to an academic rental from September through May for roughly $3000-$4,000 a month. Summer weekly rentals can easily be increased due to A-1 location with 4 beaches only minutes away. Move in ready as this house is extremely well maintained on a regular basis. Feel the ocean breezes as you enjoy the views from several balconies. Ready for new owners to make memories that will last a lifetime! Tenants in place until May of 2025.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 2010
  • Stories: 3
  • Living Area: 2,700 SqFt

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 846-3800

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: No
  • Flooring Type: Ceramic Tile, Hardwood
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Propane
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $463/SqFt

Tax Information:

  • Annual Amount: $7,100
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Narragansett, RI.

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Narragansett, RI

City

Med. Sold Price

$837.2K

Med. Price/SqFt

$494

Avg. Days On Market

33

# of Sold Homes

15

1316 Ocean Rd vs Narragansett

144 DAYS ON ROCKET

+111 Days

$1,250,000

+$412.7K More

$463/SqFt

-$32 Less

KEY TAKEAWAY

This property is $412.7K more than the Median Sold Price and $32/SqFt less than other homes in Narragansett, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1362935

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 846-3800

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 05, 2010Home Sold
$175,000
May 25, 1999Home Sold
$86,500

Tax History

YEARPROP. TAXASSESSMENT
2021$7,100$801,400
2020$6,555$625,500
2019$6,399$625,500
2018$6,224$625,500
2017$5,812$550,400

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-708882
8
/10

  • Matunuck School

  • 380 Matunuck Beach Rd

  • 3.37 miles

  • Public District Grades KG-4

school-card-donut-708883
7
/10

  • Narragansett Elementary School

  • 55 Mumford Rd

  • 4.83 miles

  • Public District Grades PK-4

school-card-donut-708884
5
/10

  • Wakefield School

  • 101 High St

  • 4.99 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,161. Residents of Narragansett, RI typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Narragansett, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Narragansett, RI?

Narragansett's housing market is characterized by a diverse array of options, with single-family homes being particularly prevalent. The architectural styles in the area range from classic New England cottages to contemporary beachfront properties. A significant portion of the housing stock reflects the town's coastal charm and history, with many homes dating back to the early 20th century. The homeownership rate in Narragansett is robust, with a majority of residents owning their homes, while the remainder of the population opts for rental opportunities that include apartments and seasonal housing, catering to the town's influx of summer visitors.

Is Narragansett, RI a good place to live?

Narragansett prides itself on its serene coastal ambiance and strong community spirit. The town is celebrated for its beautiful beaches, historic landmarks, and a laid-back lifestyle that appeals to both year-round residents and seasonal visitors. Local events such as the Narragansett Art Festival and the Seafood Festival highlight the town's cultural vibrancy and its connection to the ocean. The community's character is further defined by its commitment to preserving natural beauty and promoting outdoor activities.

Are things conveniently located in Narragansett, RI?

The community of Narragansett is served by a number of public schools, offering education from elementary through high school levels. The town also has access to healthcare services, including urgent care facilities and primary care providers, ensuring residents' medical needs are met. Narragansett's public library system provides educational and cultural resources to the community. Retail and dining options are plentiful, with many establishments reflecting the local seafood tradition and the town's coastal heritage. The town is proactive in adapting its services to meet the evolving needs of its residents and seasonal visitors.

What does the transportation in Narragansett, RI look like?

Narragansett's transportation infrastructure supports both private and public transit options, with local bus services connecting residents to key areas within the town and to neighboring communities. The town's layout and scenic landscapes make it conducive to walking and biking, particularly in the more densely populated and tourist-friendly areas. Major roads provide easy access to nearby cities and attractions, and ongoing efforts are made to enhance the efficiency and accessibility of the town's transportation network. While specific ride-sharing services are available, they complement the existing transportation options, offering residents and visitors an additional mode of travel.

Frequently Asked Questions About 1316 Ocean Rd

What is the listing price of this property?

The listing price of 1316 Ocean Rd property is $1,250,000.

What type of property is this?

The property 1316 Ocean Rd is a house located in Narragansett, Rhode Island, 02882.

Is this property for sale now?

Active Listing: 1316 Ocean Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,100 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 5, 2010 for $175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1316 Ocean Rd has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 1316 Ocean Rd is 2,700 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1316 Ocean Rd is 2010.

Rocket Homes›Rhode Island›Washington County›Narragansett›02882›1316 Ocean Rd

This home is located at 1316 Ocean Rd in Narragansett, RI and zip code 02882. This 2,700 square foot home, which was built in 2010, sits on a 0.16 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $1,250,000.

In November 2024, from all listings sold in Narragansett, RI there were more than 6 sold above asking price, over 6 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Narragansett, RI decreased by 21.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 33 days, the median list price was $837,237.

From Rocket Homes Real Estate and based on county public records data.

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