11 Westerly Rd Westerly, RI 02891
Estimated Value: $4,854,000 - $5,965,000
7
Beds
5
Baths
4,401
Sq Ft
$1,229/Sq Ft
Est. Value
Highlights
- Marina
- Golf Course Community
- 4 Fireplaces
- Water Views
- Wood Flooring
- Tennis Courts
About This Home
As of August 2020Sold before publication. For Comp Purposes Only. This stylish, coastal farmhouse is situated in the heart of Watch Hill, the small beach enclave at the western tip of Rhode Island. Located on a beautifully level parcel of land, this house features a showhouse worthy garden; where painted shiplap walls meet hand hewn beams and driftwood tinted hardwood floors, this chic renovation reveals the authentic beauty of this house. You are greeted by a rambling porch, a screened-in entertaining porch beyond and a stone terrace for alfresco dining under a lovely grape arbor and the stars! A brief walk takes you to East Beach, a pristine white sand beach featuring great views of Block Island and Montauk. Or stroll into the village where the old Merry-Go-Round, great ice cream cones, a bakery, restaurants and local shops await you. The Ocean House, a five star resort is just steps away and offers fine dining, jazz in the lobby and weekly beach clam bakes! With a certain age and patina, this house has been updated with central air and heat, freshly painted walls, gorgeous wide board floors, 7 bedrooms, 5 baths, including two ensuites, an artist's studio or children's playhouse, a potting shed or possible chicken coop, a children's den, office, a separate servery, wet bar and beautiful ocean views from the living room and master suite.
Last Listed By
Mott & Chace Sotheby's Intl. License #RES.0040274 Listed on: 08/28/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,239
Year Built
- Built in 1733
Lot Details
- 0.67 Acre Lot
- Sprinkler System
- Property is zoned R-43
Parking
- No Garage
Home Design
- Cottage
- Stone Foundation
- Wood Siding
- Shingle Siding
Interior Spaces
- 4,401 Sq Ft Home
- 2-Story Property
- 4 Fireplaces
- Fireplace Features Masonry
- Gas Fireplace
- Water Views
- Crawl Space
- Security System Owned
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Walking Distance to Water
- Balcony
- Screened Patio
- Outbuilding
- Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Oil
- 200+ Amp Service
- Electric Water Heater
- Cesspool
- Cable TV Available
Additional Features
- Energy-Efficient Appliances
- Property near a hospital
Listing and Financial Details
- Tax Lot 76
- Assessor Parcel Number 11WESTERLYRDWEST
Community Details
Amenities
- Shops
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2016
Closed on
Nov 4, 2016
Sold by
Odonnell Sheila R
Bought by
Clark Michael W and Ferguson Colleen M
Seller's Agent
Olga Goff
Olga B. Goff Real Estate
Buyer's Agent
Olga Goff
Olga B. Goff Real Estate
List Price
$3,995,000
Sold Price
$3,100,000
Premium/Discount to List
-$895,000
-22.4%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,309,500
Avg. Annual Appreciation
6.75%
Original Mortgage
$2,000,000
Outstanding Balance
$1,606,225
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,803,275
Purchase Details
Closed on
Oct 4, 1975
Bought by
Odonnell Sheila R
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Similar Homes in Westerly, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Clark Michael W | $3,100,000 | -- | |
| Odonnell Sheila R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee Carolee 2006 Ret | $999,000 | |
| Open | Clark Michael W | $2,000,000 | |
| Previous Owner | Odonnell Sheila R | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2020 08/28/20 | Sold | $3,250,000 | -9.5% | $738 / Sq Ft |
| 08/28/2020 08/28/20 | For Sale | $3,590,000 | +15.8% | $816 / Sq Ft |
| 11/04/2016 11/04/16 | Sold | $3,100,000 | -22.4% | $838 / Sq Ft |
| 10/05/2016 10/05/16 | Pending | -- | -- | -- |
| 08/07/2016 08/07/16 | For Sale | $3,995,000 | -- | $1,080 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $36,758 | $3,747,000 | $1,999,400 | $1,747,600 |
| 2023 | $23,214 | $2,413,100 | $1,532,900 | $880,200 |
| 2022 | $14,690 | $1,536,600 | $1,532,900 | $3,700 |
| 2021 | $26,726 | $2,320,000 | $1,332,600 | $987,400 |
| 2020 | $26,239 | $2,320,000 | $1,332,600 | $987,400 |
| 2019 | $25,984 | $2,320,000 | $1,332,600 | $987,400 |
| 2018 | $23,042 | $1,939,600 | $1,332,600 | $607,000 |
| 2017 | $19,957 | $1,721,900 | $1,332,600 | $389,300 |
| 2016 | $20,112 | $1,721,900 | $1,332,600 | $389,300 |
| 2015 | $17,928 | $1,656,900 | $1,234,200 | $422,700 |
| 2014 | $17,629 | $1,656,900 | $1,234,200 | $422,700 |
Source: Public Records
Agents Affiliated with this Home
-
Donna Simmons
Seller's Agent in 2020
Donna Simmons
Mott & Chace Sotheby's Intl.
(401) 439-0268
48 in this area
51 Total Sales
-
Olga Goff
O
Seller's Agent in 2016
Olga Goff
Olga B. Goff Real Estate
(401) 212-7402
16 in this area
19 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1263033
APN: WEST-000179-000076
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