NOT LISTED FOR SALE

1 Newton Ave Westerly, RI 02891

Estimated Value: $582,000 - $661,785

5 Beds
3 Baths
2,337 Sq Ft
$267/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $515,000 $220 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,548/month

36 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Thermal Windows
  • Golf Course Community
  • Tennis Courts
  • 3-minute walk to Wilcox Park

About This Home

As of March 2023

LOCATION, LOCATION, LOCATION! Welcome to 1 Newton Avenue, a well-maintained 3-unit residence in Historic Downtown Westerly. Just a stone's throw to Wilcox Park, this excellent investment property boasts a new architectural roof, new replacement windows, high efficiency boilers, a bright and sunny wrap-around enclosed porch and parking for 3 cars, to name just a few of the perks. Take a short stroll through the park and onto High Street to enjoy fabulous restaurants like the Tapped Apple and the Malted Barley, the public library, shops and all that Historic Downtown Westerly has to offer! Ideally situated for a short commute to Electric Boat or Pfizer (22 minutes). 20 minutes to Foxwoods Resort, 30 minutes to Mohegan Sun. If beaches are your pleasure, only 4.7 miles to spectacular Misquamicut State Beach! The sprawling 1st floor residence has a large living & dining room with hardwood floors, a primary bedroom with adjacent home office, a guest bedroom, spacious bathroom and a kitchen with in-unit laundry. The 2nd floor residence has a kitchen with passthrough to dining and living rooms, a large bedroom and bonus room. The charming 3rd floor unit has a cozy kitchen and dining area, two bedrooms and a full bath. Ample storage in the basement with updated electrical, solid mechanicals and laundry for units 2 and 3. With so much to offer owners and tenants alike, 1 Newton Avenue is not to be missed!

Last Agent to Sell the Property

The Donovan Group

Homes By Connect Listed on: 02/15/2023

Last Buyer's Agent

Raymond Kenyon

Re/Max Flagship, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,238

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • Plaster

Interior Spaces

  • 2,337 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Porch
  • 4,792 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Legal Lot and Block 057 / 116
  • Assessor Parcel Number 1NEWTONAVWEST

Community Details

Overview

  • 3 Units
  • Historic Downtown Westerly/Wilcox Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,238

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: Historic Downtown Westerly/Wilcox
  • Above Grade Finished Sq Ft: 2337.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Other
  • Exterior Features: Porch, Paved Driveway
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Gas, Heat Pump, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 1NEWTONAVWEST
  • Zoning: P
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3238.0
  • Tax Block: 116
  • Tax Lot: 057
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 24, 2023
Sold by
Fleury David L
Bought by
Holland M E
Seller's Agent
The Donovan Group
Homes By Connect
Buyer's Agent
Raymond Kenyon
Re/Max Flagship, Inc.
List Price
$549,000
Sold Price
$515,000
Premium/Discount to List
-$34,000
-6.19%
Views
62
Current Estimated Value
$624,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,696
Avg. Annual Appreciation
8.49%
Original Mortgage
$316,500
Outstanding Balance
$307,258
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,630

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 1, 2021
Sold by
Adams Ryan J
Bought by
Fleury David L
Seller's Agent
Greg Broadbent
RE/MAX Coast And Country
Buyer's Agent
Robert Andersen
RE/MAX South County
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$246,400
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2009
Sold by
Hudson Steven A and Hudson Shannon S
Bought by
Adams Ryan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,322
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2000
Sold by
Melin Craig N and Melin Carol K
Bought by
Hudson Stevin A and Hudson Shannon S

Purchase Details

Closed on
Jan 3, 1996
Sold by
Lander Camille C and Capalbo Mary T
Bought by
Melin Craig N and Melin Carol
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Holland M E $515,000 None Available
Fleury David L $400,000 None Available
Adams Ryan J $225,000 --
Hudson Stevin A $161,000 --
Melin Craig N $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland M E $316,500
Previous Owner Fleury David L $246,400
Previous Owner Melin Craig N $242,322
Previous Owner Melin Craig N $314,500
Previous Owner Melin Craig N $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $515,000 -6.2% $220 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $549,000 +37.3% $235 / Sq Ft
06/01/2021 06/01/21 Sold $400,000 -4.8% $92 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $420,000 -- $97 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,992 $286,300 $104,300 $182,000
2023 $2,909 $286,300 $104,300 $182,000
2022 $2,892 $286,300 $104,300 $182,000
2021 $2,822 $234,000 $90,700 $143,300
2020 $2,773 $234,000 $90,700 $143,300
2019 $2,747 $234,000 $90,700 $143,300
2018 $2,660 $215,400 $90,700 $124,700
2017 $2,585 $215,400 $90,700 $124,700
2016 $2,585 $215,400 $90,700 $124,700
2015 $2,599 $231,400 $92,600 $138,800
2014 $2,557 $231,400 $92,600 $138,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    The Donovan Group

    Homes By Connect

    (401) 323-3546

    3 in this area

    220 Total Sales

    The Donovan Group
    Section Image

  • R

    Buyer's Agent in 2023

    Raymond Kenyon

    RE/MAX

  • Ray Kenyon

    Buyer's Agent in 2023

    Ray Kenyon

    Real Broker, LLC

    (401) 932-6922

    1 in this area

    26 Total Sales

    Ray Kenyon
    Section Image
  • Greg Broadbent

    Seller's Agent in 2021

    Greg Broadbent

    RE/MAX Coast And Country

    (860) 460-6939

    8 in this area

    457 Total Sales

    Greg Broadbent
    Section Image
  • Robert Andersen

    Buyer's Agent in 2021

    Robert Andersen

    RE/MAX South County

    (401) 212-7307

    5 in this area

    12 Total Sales

    Robert Andersen
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1329566

State-Wide MLS

APN: WEST-000057-000116

Rhode Island Washington County Westerly 02891

1 Newton Ave, Westerly, RI

This home is located at 1 Newton Ave, Westerly, RI 02891 since 15 February 2023 and is currently estimated at $624,696, approximately $267 per square foot. This property was built in 1900. 1 Newton Ave is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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