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43 Lincoln Way

43 Lincoln Way, Narragansett, RI 02882
Property in Narragansett
Sold Aug 13, 2021
$835,000
$668,000 by Baycoast Mortgage Company
Mortgage
Sold Jun 02, 2017
$455,000
$341,250 by Guaranteed Rate Inc
Mortgage Due Jun 02, 2047
Local assessors in Narragansett, RI have categorized 43 Lincoln Way as a residential type of property. The home was built in 1976 and is 48 years old. It was most recently renovated and altered in 1996. The property's lot size has been calculated to be 10,502 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a raised ranch style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 43 Lincoln Way has a total of 1,786 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 43 Lincoln Way was last sold in Aug 13, 2021 for $835,000. According to our calculations, that's $467.53 per sqft. Prior to that sales transaction, the property was sold for $455,000 in Jan 1, 1970. Current property owners are expected to pay $5,001 in taxes per year. The property on 43 Lincoln Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $537,200. To break that down further, the land itself was valued at $271,300. While improvements to the property were assessed at a total of $265,900. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Raised Ranch
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,152
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,502
  • Total Building Area: 1,786
  • Gross Building Area: 3,660
  • Building Area: 1,786
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,786
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MADSEN GREGG
  • Current Owner 2: MADSEN LISA
  • Previous Owner : NJ & J INVESTMENTS LLC
  • Owner Before Previous Owner: DECONTI WILLIAM G

Neighborhood

  • School District Name: Narragansett School District
  • School Tax School District: NARRAGANSETT SD
  • Census Tract: 051504

Zoning

  • Zoning: R-10

Geography

  • Account Number: 4083350
  • Parcel: NARR M:S-1 B:206
  • Block: 206
  • Municipality: NARRAGANSETT
  • Latitude: 41.3931
  • Longitude: -71.4799

    Address

  • Full Address: 43 Lincoln Way
  • Address - House Number: 43
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Way
  • State: RI
  • City Name: Narragansett
  • Carrier Code: R006
  • 4-Digit Zip Code: 5012
  • Zip Code: 02882

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,001

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 70
  • Final Value: 903,942
  • High Value: 1,096,993
  • Low Value: 710,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $668,000
  • First Open Lien Mortgage Lender: BAYCOAST MORTGAGE COMPANY
  • First Open Lien Mortgage Recording Date: Aug 13, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $668,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $537,200
  • Assessed Land Value: $271,300
  • Assessed Improvements Value: $265,900

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 13, 2021
  • Current Sale Transaction ID: 11849546254
  • Current Sale Price: $835,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021004143
  • Previous Sale Recording Date: Jun 02, 2017
  • Previous Sale Amount: $455,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAYCOAST MORTGAGE COMPANY
  • First Mortgage Transaction Date: Aug 13, 2021
  • First Mortgage Loan Amount: $668,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Jun 02, 2017
  • Previous Mortgage Loan Amount: $341,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 02, 2047

About Washington



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Frequently Asked Questions

What neighborhood is 43 Lincoln Way located in?
The 43 Lincoln Way is a located in the neighborhood of Narragansett in Washington, Narragansett.
What is the average sales price for listings in 43 Lincoln Way?
The average sales price for units in 43 Lincoln Way is $0 currently.

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