7 Wampum Rd

Narragansett, RI 02882

$675,000
Last Sold Price
6
Beds
2,480 Sq. Ft.
$272 / Sq. Ft.
2,480
Sq. Ft.
$272
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 11/15/21
Closed 11/15/21
Lot lines are beyond what you may think. When facing the house, look for spray paint on the right side of the house beyond the tree line to see where actual property line is.
Lot lines are beyond what you may think. When facing the house, look for spray paint on the right side of the house beyond the tree line to see where actual property line is.
Lot lines are beyond what you may think. When facing the house, look for spray paint on the right side of the house beyond the tree line to see where actual property line is.

Description

Living is easy in this immaculately presented two family residence situated ideally in a prime Narragansett location. Rarely does an opportunity present itself to acquire a multi-unit income-producing property close to Bonnet Shores within a fifteen minute stroll to the sand and sea. The floor plan encompasses almost 2,500 square feet of living area, three bedrooms per unit (plus a possible bonus room in Unit #7), a very generously proportioned and completely remodeled kitchen/dining area in Unit...Living is easy in this immaculately presented two family residence situated ideally in a prime Narragansett location. Rarely does an opportunity present itself to acquire a multi-unit income-producing property close to Bonnet Shores within a fifteen minute stroll to the sand and sea. The floor plan encompasses almost 2,500 square feet of living area, three bedrooms per unit (plus a possible bonus room in Unit #7), a very generously proportioned and completely remodeled kitchen/dining area in Unit #9 (with granite countertops), remodeled bathrooms and a landlord storage area. Each unit is equipped with laundry, and spacious bedrooms (many with walk-in closets in Unit #7). A level and private yard creates a pleasant scene for entertaining and the ultimate space for pets. The almost half acre of land flows effortlessly from the wide-open rear space to the front yard filled with tasteful landscaping and an abundance of parking. This home is ideally positioned to enjoy close proximity to the URI Bay Campus, Kelly Beach, Bonnet Shores Beach Club and Narrow River. It's the location that has it all, with ample recreation yet still within close proximity to highway access, Boston Neck Road and all conveniences. This home further retains its value with its presentation of many upgrades such as new flooring, updated electrical, new plumbing, and many cosmetic improvements. Enjoy the low Narragansett taxes while you supplement your income in the current high-demand rental market.
  1. Listed by Leann D'Ettore • Brokerage DRE #REC.0016335 • Homistic Real Estate, Inc.
    P: (401)-641-2014 SoldByLeann@gmail.com

Property Details for 7 Wampum Road

Subdivision Name
Near Bonnet Shores
Waterfront Features
Beach Access, River Access, Walk To Water
LISTING CLOSED: 11/15/2021 12:00 AM

Property Details for 7 Wampum Road

StatusClosed
MLS #1294666
Days on Market19
Taxes$3,504 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1940
Lot Size0.48 AC / 20,909 SF
CountyWashington County
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Location

Listing Courtesy of Homistic Real Estate, Inc.

Sold By RESIDENTIAL PROPERTIES LTD.

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Building Information for 7 Wampum Road

Stories1Residences2Year Built1940Building Size-Lot Size0.48 AC / 20,909 SF

Payment Calculator

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$3,723 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,431

Property Taxes

$292

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7 Wampum Road

Summary
Location and General Information
  • City: Narragansett
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Courts
  • Postal City: Narragansett
  • Postal Code: 02882
  • Postal Code Plus4: 1619
  • State Or Province: RI
  • Zoning: R80
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 10
Taxes and HOA Information
  • Tax Annual Amount: $3,504.00
  • Tax Assessed Value: 334300
  • Tax Lot: 560
  • Tax Year: 2020
Property
Green Features
  • Green Energy Efficient: Appliances, Incentives, Insulation, Lighting
  • Green Location: Public Transportation, Walkability
Lot Information
  • Above Grade Fin SQFT: 2480.0
  • Building Area Total: 2480.0
  • Frontage Length: 150
  • Living Area Source: Public Records
  • Lot Size Acres: 0.48
  • Lot Size Area: 20909.0
  • Lot Size Square Feet: 20909.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 79WAMPUMRDNARR
  • Stories Total: 1
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1940
  • C L I P: 3,254,266,882
Utilities
  • Electric: Amps150, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessibility Features, Low Pile Carpet, Accessible Approach With Ramp, Accessible Doors, Accessible Hallways
  • Fencing: Fenced
  • Foundation Details: Combination
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 6
  • Cooling: None, Window Unit(s)
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Heating: Baseboard, Electric
  • Heating Y N: Yes
  • Interior Features: Attic, Tub Shower, Cable Tv
  • Laundry Features: In Unit
  • Levels: One
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $5,500.00
Unit 1 Information
  • Actual Rent: $2,500.00
  • Description: LR, EIK, 3BR, FBTH, Bonus Room
  • Unit Type Area: 1480.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,000.00
  • Description: LR, EIK, 3BR, FBTH
  • Unit Type Area: 1000.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 7 Wampum Road

DateEvent & SourcePriceAppreciation
Nov 15, 2021

Sold

Rhode Island Association of REALTORS® #1294666

$675,000—
Oct 16, 2021

Contract Signed

Rhode Island Association of REALTORS® #1294666

—
Sep 27, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1294666

$700,000—
DateEvent & SourcePrice
11/15/2021

Sold

Rhode Island Association of REALTORS® #1294666

$675,000
10/16/2021

Contract Signed

Rhode Island Association of REALTORS® #1294666

—
09/27/2021

Listed (Active)

Rhode Island Association of REALTORS® #1294666

$700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 7 Wampum Road

This home is within Narragansett School District.
Rating
School
Type
Grades
Distance
Narragansett Elementary School
Public - PK to 4
Narragansett Pier School
Public - 5 to 8
Narragansett High School
Public - 9 to 12
Rating
School
Distance
Narragansett Elementary School
PublicPK to 4

Narragansett Pier School
Public5 to 8

Narragansett High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Homistic Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.