1316 Ocean Road

Narragansett, RI 02882

$1,250,000
Price
4
Beds
3
Baths
1
1/2 Bath
2,700 Sq. Ft.
$463 / Sq. Ft.
2,700
Sq. Ft.
$463
per Sq. Ft.

Description

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...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 for 1316 Ocean Road

Architectural Style
Colonial
LISTING UPDATED: 11/23/2024 12:21 AM

Property Details for 1316 Ocean Road

StatusActive
MLS #1362935
Days on Market118
Taxes$7,461 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2010
Lot Size0.16 AC / 7,000 SF
CountyWashington County

Building Information for 1316 Ocean Road

Stories3Year Built2010Building Size-Lot Size0.16 AC / 7,000 SF

Property Information for 1316 Ocean Road

Summary
Location and General Information
  • City: Narragansett
  • Postal City: Narragansett
  • Postal Code: 02882
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: Yes
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Attached, Garage
  • Parking Total: 11
Taxes and HOA Information
  • Tax Annual Amount: $7,461.03
  • Tax Assessed Value: 1134900
  • Tax Lot: 13
  • Tax Map Number: M
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 2700.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 2700.0
  • Living Area: 2,700.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1607
  • Lot Size Area: 7000.0
  • Lot Size Square Feet: 7000.0
  • Lot Size Units: Square Feet
  • Parcel Number: 1316OCEANRDNARR
  • Stories: 3
  • Stories Total: 3
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 2010
  • C L I P: 2,657,819,744
Utilities
  • Electric: Amps200Or More
  • Sewer: Septic Tank
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
Interior Features
  • Appliances: Gas Water Heater
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Forced Air, Propane
  • Heating Y N: Yes
  • Levels: Three Or More
  • Rooms Total: 9
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Listing Terms: Lease, Lease Option

Property History for 1316 Ocean Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1316 Ocean Road

Taxable ValueLand$392,700Additions$408,700Total$801,400
Tax Record2023$7,461 ($622 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt2,664 SqFtAbove Grade Finished SqFt2,664 SqFtStories3Lot Size5,001 SqFtStyleSingle Family ResidenceYear Built2010ZoningR-10CountyWASHINGTONAPNNARR M:M B:13

Schools near 1316 Ocean Road

This home is within Narragansett School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
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.

Similar Homes

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1316 Ocean Road is a single family home for sale in Narragansett, RI 02882. This property was listed for sale on July 2, 2024 by William Raveis Inspire, it's currently listed at $1,250,000. It has been on the market for a total of 118 days and was last sold on August 22, 2011. This listing's school district is Narragansett School District. Nearby schools include Narragansett Elementary School, Narragansett Pier School and Narragansett High School. 1316 Ocean Road is a 4-bed, 3.5-bath, 2,700 sqft single family home built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis Inspire

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.