1 WAVE AVE
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Location
1 WAVE AVE
Map/Block/Lot/Unit
116/ NW/ 1201/ /
Acct#
202300137
Owner
WAVE POND HOTEL, LLC
Total Market Value
$9,981,800
Appraisal
$9,981,800
PID
3953
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2023$9,090,200$891,600$9,981,800
Assessment
Valuation YearImprovementsLandTotal
2023$9,090,200$891,600$9,981,800

Owner of Record
OwnerWAVE POND HOTEL, LLC
Co-Owner
Address1140 RESERVOIR AVE
CRANSTON, RI 02920
Sale Price$12,525,000
Certificate
Book & Page 1795/220
Sale Date03/29/2023
InstrumentMP

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
WAVE POND HOTEL, LLC$12,525,000 1795/220MP03/29/2023
BEACHFRONT LLC$0 2008/0008SC02/01/2008
BEACHFRONT LLC$1,800,000 0458/01421L05/01/1998
PORPERTY ASSET MANAGEMENT INC$0 0370/0010UK05/10/1995

Building Information
Building 1 : Section 1
Year Built: 1940
Living Area: 29,225
Replacement Cost: $10,789,962
Building Percent Good: 83
Replacement Cost
Less Depreciation:
$8,955,700
Building Attributes
FieldDescription
Style:Comm Condo
ModelCom Condo
Stories:4.00
GradeGood
Occupancy42
Interior Wall 1:Plastered
Interior Wall 2: 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Asphalt
Heat Fuel:Gas
Heat Type:Hot Water
AC Type:Unit/AC
Ttl Bedrms: 
Ttl Bathrms: 
Ttl Half Bths:0
Xtra Fixtres 
Total Rooms: 
Bath Style: 
Kitchen Style: 
CON1 
CON2 
COMR1 
GradeVery Good
Stories:4
Residential Units:0
Exterior Wall 1:Brick/Masonry
Exterior Wall 2:Vinyl Siding
Roof StructureIrregular
Roof CoverT-G or Memb
Cmrcl Units:0
Res/Com Units:0
Section #:0
Parking Spaces0
Section Style:0
Foundation 
Security: 
Cmplx Cnd 
Xtra Field 1: 
Remodel Ext: 
Super 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 15,099 15,099
BASFirst Floor 9,421 9,421
TQSThree Quarter Story 5,228 4,705
FEPPorch, Enclosed, Finished 149 0
FOPPorch, Open, Finished 60 0
   29,957 29,225

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR2WET/CONCEALED39547.00 S.F.$75,5001
ELE3ELEVATOR-3STP1.00 UNITS$54,0001
ELEELEVATOR-XSTP1.00 UNITS$5,0001

Land
Land Use
Use Code342C
DescriptionCOM LAND CONDO  
ZoneLBA
Neighborhood6500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.59
Frontage0
Depth0
Total Market Land$891,600
Appraised Value$891,600

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$9,090,200$891,600$9,981,800
2024$9,090,200$891,600$9,981,800

Assessment
Valuation YearImprovementsLandTotal
2025$9,090,200$891,600$9,981,800
2024$9,090,200$891,600$9,981,800

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